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Investors Title Co (Investors Title Co) Return-on-Tangible-Equity : 9.90% (As of Dec. 2023)


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What is Investors Title Co Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Investors Title Co's annualized net income for the quarter that ended in Dec. 2023 was $23.3 Mil. Investors Title Co's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $235.7 Mil. Therefore, Investors Title Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 9.90%.

The historical rank and industry rank for Investors Title Co's Return-on-Tangible-Equity or its related term are showing as below:

ITIC' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.36   Med: 13.46   Max: 33.2
Current: 9.43

During the past 13 years, Investors Title Co's highest Return-on-Tangible-Equity was 33.20%. The lowest was 7.36%. And the median was 13.46%.

ITIC's Return-on-Tangible-Equity is ranked worse than
58.28% of 477 companies
in the Insurance industry
Industry Median: 11.76 vs ITIC: 9.43

Investors Title Co Return-on-Tangible-Equity Historical Data

The historical data trend for Investors Title Co's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Investors Title Co Return-on-Tangible-Equity Chart

Investors Title Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.19 21.21 33.20 10.95 9.46

Investors Title Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.55 2.11 13.34 12.15 9.90

Competitive Comparison of Investors Title Co's Return-on-Tangible-Equity

For the Insurance - Specialty subindustry, Investors Title Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Investors Title Co's Return-on-Tangible-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Investors Title Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Investors Title Co's Return-on-Tangible-Equity falls into.



Investors Title Co Return-on-Tangible-Equity Calculation

Investors Title Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=21.686/( (223.4+235.304 )/ 2 )
=21.686/229.352
=9.46 %

Investors Title Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=23.344/( (236.08+235.304)/ 2 )
=23.344/235.692
=9.90 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Investors Title Co  (NAS:ITIC) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Investors Title Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Investors Title Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Investors Title Co (Investors Title Co) Business Description

Traded in Other Exchanges
N/A
Address
121 North Columbia Street, Chapel Hill, NC, USA, 27514
Investors Title Co along with its subsidiaries is engaged in the issuance of residential and commercial title insurance through ITIC and NITIC. It also provides tax-deferred real property exchange services, investment management, and trust services, and management services to title insurance agencies. The company generates its revenue from interest and dividends.
Executives
James E Scott director 121 NORTH COLUMBIA STREET, CHAPEL HILL NC 27514
Parker, Jr. Elton C. director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Tammy Coley director 121 N COLUMBIA STREET, P O DRAWER 2687, CHAPEL HILL NC 27514
Fine James A Jr director, officer: President, Treasurer
Markel Gayner Asset Management Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Timothy B Murphy officer: Chief Executive Officer 230 BROADWAY, LYNNFIELD MA 01940
Markel Corp 10 percent owner 4521 HIGHWOODS PKWY, GLEN ALLEN VA 23060
Markel American Insurance Co 10 percent owner 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Essex Insurance Co 10 percent owner
Evanston Insurance Co 10 percent owner
R Horace Johnson director 3317 LANDOR ROAD, RALEIGH NC 27609
Speed James H. Jr. director 11032 BRASS KETTLE ROAD, RALEIGH NC 27614
Hutson Richard M Ii director PO BOX 2687, CHAPEL HILL NC 27515
W Morris Fine director, officer: Executive Vice President
J Allen Fine director, 10 percent owner, officer: Chief Executive Officer 121 NORTH COLUMBIA ST, INVESTORS TITLE CO, CHAPEL HILL NC 97514