Investors Title Company Receives A Rating from AM Best
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 22 hour ago0mins
- Rating Affirmation: AM Best has affirmed the Financial Strength Rating of A (Excellent) for Investors Title Company and its subsidiaries, indicating strong balance sheet strength and stable operating performance.
- Capital Adequacy: The ITC Group's risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is assessed as strongest, reflecting surplus growth supported by conservative underwriting and strong operating earnings.
- Industry Performance: ITC Group outperforms industry averages with lower-than-average loss and loss adjustment expense ratios, as well as superior return on equity and return on revenue, showcasing its competitive edge in the market.
- Stable Outlook: Despite a slowdown in the housing sector, ITC's stable outlook suggests it will maintain strong balance sheet strength and operating performance, benefiting from expected improvements in the title industry as interest rates decline.
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About ITIC
Investors Title Company is a holding company. The Company is engaged in the business of issuing and underwriting title insurance policies. It also provides services in connection with tax-deferred exchanges of like-kind property as well as investment management services to individuals, companies, banks, and trusts. It has two segments. Its primary business activity, and one of its segments, is the issuance of residential and commercial title insurance through Investors Title Insurance Company and National Investors Title Insurance Company. Its second segment provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation and Investors Title Accommodation Corporation. Additionally, it provides management services to title insurance agencies through its subsidiary, Investors Title Management Services, and investment management and trust services to individuals, trusts and other entities through its subsidiary Investors Trust Company.
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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