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Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2015	Jul. 15, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015
Entity Registrant Name	INVESTORS TITLE CO
Entity Central Index Key	0000720858
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		2,000,255dei_EntityCommonStockSharesOutstanding

Consolidated Balance Sheets (USD $)	Jun. 30, 2015	Dec. 31, 2014
Investments in securities:
Fixed maturities, available-for-sale, at fair value (amortized cost: 2015: $98,460,680; 2014: $104,421,050)	$ 101,686,777	$ 109,048,290
Equity securities, available-for-sale, at fair value (cost: 2015: $24,495,731; 2014: $24,128,753)	38,237,742	39,254,981
Short-term investments	8,588,140us-gaap_OtherShortTermInvestments	2,576,993us-gaap_OtherShortTermInvestments
Other investments	8,397,014us-gaap_OtherInvestments	8,530,929us-gaap_OtherInvestments
Total investments	156,909,673us-gaap_Investments	159,411,193us-gaap_Investments
Cash and cash equivalents	18,823,257	15,826,515
Premium and fees receivable	9,380,604us-gaap_PremiumsAndOtherReceivablesNet	8,544,183us-gaap_PremiumsAndOtherReceivablesNet
Accrued interest and dividends	1,039,031	1,063,837
Prepaid expenses and other assets	7,925,283us-gaap_PrepaidExpenseAndOtherAssets	7,732,677us-gaap_PrepaidExpenseAndOtherAssets
Property, net	6,121,707us-gaap_PropertyPlantAndEquipmentNet	5,460,805us-gaap_PropertyPlantAndEquipmentNet
Total Assets	200,199,555us-gaap_Assets	198,039,210us-gaap_Assets
Liabilities:
Reserves for claims	38,125,000	36,677,000
Accounts payable and accrued liabilities	16,900,157	18,290,819
Current income taxes payable	423,908us-gaap_AccruedIncomeTaxes	92,192us-gaap_AccruedIncomeTaxes
Deferred income taxes, net	5,091,797us-gaap_DeferredTaxLiabilities	5,415,493us-gaap_DeferredTaxLiabilities
Total liabilities	60,540,862us-gaap_Liabilities	60,475,504us-gaap_Liabilities
Commitments and Contingencies	0us-gaap_CommitmentsAndContingencies	0us-gaap_CommitmentsAndContingencies
Stockholders' Equity:
Preferred stock (1,000,000 authorized shares; no shares issued)	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common stock - no par value (10,000,000 authorized shares; 2,001,030 and 2,023,270 shares issued and outstanding 2015 and 2014, respectively, excluding 291,676 shares for 2015 and 2014 of common stock held by the Company's subsidiary)	1us-gaap_CommonStockValue	1us-gaap_CommonStockValue
Retained earnings	128,634,895	124,707,196
Accumulated other comprehensive income	11,023,797	12,856,509
Total stockholders' equity	139,658,693us-gaap_StockholdersEquity	137,563,706us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Equity	$ 200,199,555	$ 198,039,210

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Fixed maturities, available-for-sale, amortized cost	$ 98,460,680	$ 104,421,050
Equity securities, available-for-sale, cost	$ 24,495,731	$ 24,128,753
Preferred stock, shares authorized	1,000,000us-gaap_PreferredStockSharesAuthorized	1,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock, shares issued	0us-gaap_PreferredStockSharesIssued	0us-gaap_PreferredStockSharesIssued
Common stock, no par value
Common stock, shares authorized	10,000,000us-gaap_CommonStockSharesAuthorized	10,000,000us-gaap_CommonStockSharesAuthorized
Common stock, shares issued	2,001,030us-gaap_CommonStockSharesIssued	2,023,270us-gaap_CommonStockSharesIssued
Common stock, shares outstanding	2,001,030us-gaap_CommonStockSharesOutstanding	2,023,270us-gaap_CommonStockSharesOutstanding
Common stock, held by Company's subsidiary	291,676	291,676

Consolidated Statements Of Income (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements Of Income (USD $)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Net premiums written	$ 30,464,581us-gaap_PremiumsWrittenNet	$ 29,849,853us-gaap_PremiumsWrittenNet	$ 55,426,622us-gaap_PremiumsWrittenNet	$ 54,759,105us-gaap_PremiumsWrittenNet
Investment income - interest and dividends	1,131,487	1,039,435	2,309,526	2,065,851
Net realized gain on investments	925,164us-gaap_GainLossOnInvestments	92,082us-gaap_GainLossOnInvestments	939,967us-gaap_GainLossOnInvestments	584,219us-gaap_GainLossOnInvestments
Other	2,960,575us-gaap_OtherIncome	2,240,183us-gaap_OtherIncome	5,107,501us-gaap_OtherIncome	4,266,452us-gaap_OtherIncome
Total Revenues	35,481,807us-gaap_Revenues	33,221,553us-gaap_Revenues	63,783,616us-gaap_Revenues	61,675,627us-gaap_Revenues
Operating Expenses:
Commissions to agents	16,898,691us-gaap_InsuranceCommissions	18,346,381us-gaap_InsuranceCommissions	31,495,230us-gaap_InsuranceCommissions	33,802,659us-gaap_InsuranceCommissions
Provision for claims	2,130,810	294,281	2,917,422	2,669,664
Salaries, employee benefits and payroll taxes	6,866,632us-gaap_LaborAndRelatedExpense	6,454,930us-gaap_LaborAndRelatedExpense	14,144,081us-gaap_LaborAndRelatedExpense	12,640,691us-gaap_LaborAndRelatedExpense
Office occupancy and operations	1,443,297itic_OfficeOccupancyAndOperations	1,246,644itic_OfficeOccupancyAndOperations	2,747,518itic_OfficeOccupancyAndOperations	2,426,971itic_OfficeOccupancyAndOperations
Business development	578,194us-gaap_BusinessDevelopment	511,763us-gaap_BusinessDevelopment	1,065,169us-gaap_BusinessDevelopment	1,029,657us-gaap_BusinessDevelopment
Filing fees, franchise and local taxes	221,098itic_FilingFeesFranchiseAndLocalTaxes	225,343itic_FilingFeesFranchiseAndLocalTaxes	437,741itic_FilingFeesFranchiseAndLocalTaxes	414,943itic_FilingFeesFranchiseAndLocalTaxes
Premium and retaliatory taxes	634,747itic_PremiumAndRetaliatoryTaxes	546,091itic_PremiumAndRetaliatoryTaxes	1,111,338itic_PremiumAndRetaliatoryTaxes	840,565itic_PremiumAndRetaliatoryTaxes
Professional and contract labor fees	680,483us-gaap_ProfessionalFees	666,909us-gaap_ProfessionalFees	1,264,590us-gaap_ProfessionalFees	1,354,967us-gaap_ProfessionalFees
Other	241,358us-gaap_OtherCostAndExpenseOperating	250,167us-gaap_OtherCostAndExpenseOperating	444,906us-gaap_OtherCostAndExpenseOperating	459,951us-gaap_OtherCostAndExpenseOperating
Total Operating Expenses	29,695,310us-gaap_BenefitsLossesAndExpenses	28,542,509us-gaap_BenefitsLossesAndExpenses	55,627,995us-gaap_BenefitsLossesAndExpenses	55,640,068us-gaap_BenefitsLossesAndExpenses
Income before Income Taxes	5,786,497	4,679,044	8,155,621	6,035,559
Provision for Income Taxes	1,666,000us-gaap_IncomeTaxExpenseBenefit	1,281,000us-gaap_IncomeTaxExpenseBenefit	2,309,000us-gaap_IncomeTaxExpenseBenefit	1,652,000us-gaap_IncomeTaxExpenseBenefit
Net Income	4,120,497us-gaap_ProfitLoss	3,398,044us-gaap_ProfitLoss	5,846,621us-gaap_ProfitLoss	4,383,559us-gaap_ProfitLoss
Net Income Attributable to Redeemable Noncontrolling Interest	0	(24,446)	0	(23,523)
Net Income Attributable to the Company	$ 4,120,497us-gaap_NetIncomeLoss	$ 3,373,598us-gaap_NetIncomeLoss	$ 5,846,621us-gaap_NetIncomeLoss	$ 4,360,036us-gaap_NetIncomeLoss
Basic Earnings per Common Share	$ 2.06us-gaap_EarningsPerShareBasic	$ 1.66us-gaap_EarningsPerShareBasic	$ 2.91us-gaap_EarningsPerShareBasic	$ 2.14us-gaap_EarningsPerShareBasic
Weighted Average Shares Outstanding – Basic	2,004,698	2,034,931	2,008,718	2,036,047
Diluted Earnings per Common Share	$ 2.05us-gaap_EarningsPerShareDiluted	$ 1.65us-gaap_EarningsPerShareDiluted	$ 2.90us-gaap_EarningsPerShareDiluted	$ 2.14us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding – Diluted	2,009,495	2,039,202	2,013,878	2,041,268
Cash Dividends Paid per Common Share	$ 0.08	$ 0.08	$ 0.16	$ 0.16

Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
Consolidated Statements Of Comprehensive Income (USD $)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 4,120,497us-gaap_ProfitLoss	$ 3,398,044us-gaap_ProfitLoss	$ 5,846,621us-gaap_ProfitLoss	$ 4,383,559us-gaap_ProfitLoss
Other comprehensive income, before tax:
Amortization related to prior year service cost	1,098	555	2,195	1,109
Amortization of unrecognized loss	878	0	1,757	0
Unrealized (losses) gains on investments arising during the period	(2,152,262)	2,208,475	(1,864,497)	2,984,115
Reclassification adjustment for sales of securities included in net income	(923,209)	(68,364)	(932,012)	(833,636)
Reclassification adjustment for write-downs of securities included in net income	11,149	0	11,149	0
Other comprehensive (loss) income, before tax	(3,062,346)	2,140,666	(2,781,408)	2,151,588
Income tax expense related to postretirement health benefits	672	189	1,344	377
Income tax (benefit) expense related to unrealized (losses) gains on investments arising during the year	(739,627)	761,231	(636,089)	1,031,035
Income tax benefit related to reclassification adjustment for sales of securities included in net income	(314,742)	(23,213)	(317,751)	(285,750)
Income tax expense related to reclassification adjustment for write-downs of securities included in net income	3,800	0	3,800	0
Net income tax (benefit) expense on other comprehensive (loss) income	(1,049,897)us-gaap_OtherComprehensiveIncomeLossTax	738,207us-gaap_OtherComprehensiveIncomeLossTax	(948,696)us-gaap_OtherComprehensiveIncomeLossTax	745,662us-gaap_OtherComprehensiveIncomeLossTax
Other comprehensive (loss) income	(2,012,449)	1,402,459	(1,832,712)	1,405,926
Comprehensive Income	2,108,048	4,800,503	4,013,909	5,789,485
Comprehensive income attributable to redeemable noncontrolling interest	0	(24,446)	0	(23,523)
Comprehensive Income Attributable to the Company	$ 2,108,048us-gaap_ComprehensiveIncomeNetOfTax	$ 4,776,057us-gaap_ComprehensiveIncomeNetOfTax	$ 4,013,909us-gaap_ComprehensiveIncomeNetOfTax	$ 5,765,962us-gaap_ComprehensiveIncomeNetOfTax

Consolidated Statements Of Stockholders' Equity (USD $)	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income
Balance, beginning of year at Dec. 31, 2013	$ 128,062,154us-gaap_StockholdersEquity	$ 1	$ 116,714,749	$ 11,347,404
Balance, beginning of year, shares at Dec. 31, 2013		2,037,135
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	4,360,036us-gaap_NetIncomeLoss		4,360,036
Dividends	(325,822)us-gaap_DividendsCommonStockCash		(325,822)
Shares of common stock repurchased and retired (in shares)		(8,823)
Shares of common stock repurchased and retired	(584,121)		(584,121)
Stock options and stock appreciation rights exercised (in shares)		1,507
Stock options and stock appreciation rights exercised	27,100		27,100
Share-based compensation expense	55,083		55,083
Amortization related to postretirement health benefits	732			732
Net unrealized gain on investments	1,405,194			1,405,194
Temporary equity, interest resulting from subsidiary purchase	(114,320)		(114,320)
Income tax benefit from share-based compensation	15,999		15,999
Balance, end of year at Jun. 30, 2014	132,902,035us-gaap_StockholdersEquity	1	120,148,704	12,753,330
Balance, end of year, shares at Jun. 30, 2014		2,029,819
Balance, beginning of year at Dec. 31, 2014	137,563,706us-gaap_StockholdersEquity	1	124,707,196	12,856,509
Balance, beginning of year, shares at Dec. 31, 2014		2,023,270
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to the Company	5,846,621us-gaap_NetIncomeLoss		5,846,621
Dividends	(321,117)us-gaap_DividendsCommonStockCash		(321,117)
Shares of common stock repurchased and retired (in shares)		(24,432)
Shares of common stock repurchased and retired	(1,747,322)		(1,747,322)
Stock options and stock appreciation rights exercised (in shares)		2,192
Stock options and stock appreciation rights exercised	54,988		54,988
Share-based compensation expense	67,654		67,654
Amortization related to postretirement health benefits	2,608			2,608
Net unrealized gain on investments	(1,835,320)			(1,835,320)
Temporary equity, interest resulting from subsidiary purchase	0
Income tax benefit from share-based compensation	26,875		26,875
Balance, end of year at Jun. 30, 2015	$ 139,658,693us-gaap_StockholdersEquity	$ 1	$ 128,634,895	$ 11,023,797
Balance, end of year, shares at Jun. 30, 2015		2,001,030

Consolidated Statements Of Stockholders' Equity (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.08	$ 0.08	$ 0.16	$ 0.16

Consolidated Statements Of Cash Flows (USD $)	6 Months Ended
Consolidated Statements Of Cash Flows (USD $)	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net income	$ 5,846,621us-gaap_ProfitLoss	$ 4,383,559us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	449,132us-gaap_Depreciation	406,133us-gaap_Depreciation
Amortization, net	364,520us-gaap_AdjustmentForAmortization	301,398us-gaap_AdjustmentForAmortization
Amortization related to postretirement benefits obligation	3,952	1,109
Share-based compensation expense related to stock options	67,654us-gaap_ShareBasedCompensation	55,083us-gaap_ShareBasedCompensation
Net gain on the disposals of property	(18,114)	(1,900)
Net realized gain on investments	(939,967)us-gaap_GainLossOnInvestments	(584,219)us-gaap_GainLossOnInvestments
Net earnings from other investments	(1,209,585)itic_EarningsFromOtherInvestments	(684,781)itic_EarningsFromOtherInvestments
Provision for claims	2,917,422	2,669,664
Provision for deferred income taxes	625,000us-gaap_DeferredIncomeTaxExpenseBenefit	737,000us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in assets and liabilities:
(Increase) decrease in receivables	(836,421)us-gaap_IncreaseDecreaseInReceivables	119,308us-gaap_IncreaseDecreaseInReceivables
Increase in other assets	(202,641)	(1,003,088)
Increase in current income taxes recoverable	0	(1,512,452)
Decrease in accounts payable and accrued liabilities	(1,390,662)	(3,098,494)
Increase in current income taxes payable	331,716	0
Payments of claims, net of recoveries	(1,469,422)itic_PaymentsOfClaimsNetRecoveries	(2,401,664)itic_PaymentsOfClaimsNetRecoveries
Net cash provided by (used in) operating activities	4,539,205	(613,344)
Investing Activities
Purchases of available-for-sale securities	(3,471,184)	(5,184,440)
Purchases of short-term investments	(6,307,977)	(3,770,868)
Purchases of other investments	(858,464)	(786,575)
Proceeds from sales and maturities of available-for-sale securities	9,655,760	6,319,047
Proceeds from sales and maturities of short-term investments	296,830	2,001,533
Proceeds from sales and distributions of other investments	2,201,964	494,365
Proceeds from sales of other assets	19,104	26,233
Purchase of redeemable noncontrolling interest of subsidiary	0	(515,275)
Purchases of property	(1,144,333)	(1,062,550)
Proceeds from the sale of property	52,413	1,900
Net cash provided by (used in) investing activities	444,113	(2,476,630)
Financing Activities
Repurchases of common stock	(1,747,322)	(584,121)
Exercises of stock options and SARs	54,988	27,100
Distributions to noncontrolling interest	0	(168,057)
Excess tax benefits related to exercise of stock options and SARs	26,875	15,999
Dividends paid	(321,117)us-gaap_PaymentsOfDividends	(325,822)us-gaap_PaymentsOfDividends
Net cash used in financing activities	(1,986,576)	(1,034,901)
Net Increase (Decrease) in Cash and Cash Equivalents	2,996,742	(4,124,875)
Cash and Cash Equivalents, Beginning of Period	15,826,515	23,626,761
Cash and Cash Equivalents, End of Period	18,823,257	19,501,886
Cash Paid During the Year for:
Income tax payments, net	1,329,000us-gaap_IncomeTaxesPaidNet	2,414,900us-gaap_IncomeTaxesPaidNet
Non cash net unrealized loss (gain) on investments, net of deferred tax benefit (provision) of $950,040 and $(745,285) for 2015 and 2014, respectively	$ 1,835,320	$ (1,405,194)

Consolidated Statements Of Cash Flows (Parenthetical) (USD $)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Cash Flows [Abstract]
Non cash net unrealized gain on investments, deferred tax benefit (provision)	$ 950,040	$ (745,285)

Basis Of Presentation And Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation And Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Reference should be made to the “Notes to Consolidated Financial Statements” appearing in the Annual Report on Form 10-K for the year ended December 31, 2014 of Investors Title Company (the “Company”) for a complete description of the Company’s significant accounting policies. Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. Earnings attributable to the Company's redeemable noncontrolling interest in a majority-owned insurance agency are recorded in the Consolidated Statements of Income. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the quarter ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. Allowance for Doubtful Accounts – Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable. Use of Estimates and Assumptions – The preparation of the Company’s Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used. Subsequent Events – The Company has concluded that there was a subsequent event related to an agency relationship. This is discussed further in Note 8. There were no other subsequent events requiring adjustment to or disclosure in the Consolidated Financial Statements. Recently Issued Accounting Standards – In February 2015, the Financial Accounting Standards Board (“FASB”) updated guidance to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities that are required to comply with or operate in accordance with certain requirements similar to those for registered money market funds. For public entities, this update becomes effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations but does not expect it to have a material impact. In May 2014, the FASB updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update originally became effective for interim and annual reporting periods beginning after December 15, 2016. In July 2015, the FASB approved a proposal to defer the effective date of the standard by one year. Early adoption is not permitted, although if the FASB proposal passes, public entities are permitted to elect to adopt the amendments on the original effective date. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations but does not expect it to have a material impact.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References+ Details

Reserves For Claims

6 Months Ended

Jun. 30, 2015

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Reserves For Claims

Reserves for Claims

Transactions in the reserves for claims for the six months ended June 30, 2015 and the year ended December 31, 2014 are summarized as follows:



	June 30, 2015			December 31, 2014
Balance, beginning of period	$	36,677,000		$	35,360,000
Provision, charged to operations	2,917,422			5,229,716
Payments of claims, net of recoveries	(1,469,422		)	(3,912,716		)
Ending balance	$	38,125,000		$	36,677,000

The total reserve for all reported and unreported losses the Company incurred through June 30, 2015 is represented by the reserves for claims. The Company's reserves for unpaid losses and loss adjustment expenses are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy claims that have been incurred but not yet reported (“IBNR”). Despite the variability of such estimates, management believes that the reserves are adequate to cover claim losses which might result from pending and future claims under title insurance policies issued through June 30, 2015. Management continually reviews and adjusts its reserve estimates to reflect its loss experience and any new information that becomes available. Adjustments resulting from such reviews may be significant.

A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:



	June 30, 2015		%	December 31, 2014		%
Known title claims	$	5,692,307	14.9	$	5,364,645	14.6
IBNR	32,432,693		85.1	31,312,355		85.4
Total loss reserves	$	38,125,000	100.0	$	36,677,000	100.0

Claims and losses paid are charged to the reserves for claims. Although claims losses are typically paid in cash, occasionally claims are settled by purchasing the interest of the insured or the claimant in the real property. When this event occurs, the Company carries assets at the lower of cost or estimated realizable value, net of any indebtedness on the property.

Earnings Per Common Share And Share Awards

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share And Share Awards

Earnings Per Common Share and Share Awards

Basic earnings per common share is computed by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per common share is computed by dividing net income attributable to the Company by the combination of dilutive potential common stock, comprised of shares issuable under the Company’s share-based compensation plans and the weighted average number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money share-based awards, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury stock method, when share-based awards are exercised, (a) the exercise price of a share-based award; (b) the amount of compensation cost, if any, for future services that the Company has not yet recognized; and (c) the amount of estimated tax benefits that would be recorded in retained earnings, if any, are assumed to be used to repurchase shares in the current period. The number of incremental dilutive potential common shares, calculated using the treasury stock method, was 4,797 and 4,271 for the three months ended June 30, 2015 and 2014, respectively, and 5,160 and 5,221 for the six months ended June 30, 2015 and 2014, respectively.

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income attributable to the Company	$	4,120,497	$	3,373,598	$	5,846,621	$	4,360,036
Weighted average common shares outstanding – Basic	2,004,698		2,034,931		2,008,718		2,036,047
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)	4,797		4,271		5,160		5,221
Weighted average common shares outstanding – Diluted	2,009,495		2,039,202		2,013,878		2,041,268
Basic earnings per common share	$	2.06	$	1.66	$	2.91	$	2.14
Diluted earnings per common share	$	2.05	$	1.65	$	2.90	$	2.14

There were 4,500 and 3,000 potential shares excluded from the computation of diluted earnings per share for the three months ended June 30, 2015 and 2014, respectively. There were 4,500 and no potential shares excluded from the computation of diluted earnings per share for the six months ended June 30, 2015 and 2014, respectively. These potential shares were anti-dilutive because the underlying share awards had strike prices that exceeded the fair market value.

The Company has adopted employee stock award plans under which restricted stock, and options or stock appreciation rights ("SARs") to acquire shares (not to exceed 500,000 shares) of the Company's stock, may be granted to key employees or directors of the Company at a price not less than the market value on the date of grant. SARs and options (which have predominantly been incentive stock options) awarded under the plans thus far generally expire in five to ten years from the date of grant and are exercisable and vest: immediately; within one year; or at 10% to 20% per year beginning on the date of grant. All SARs issued to date have been share-settled only.

A summary of share-based award transactions for all share-based award plans follows:



	Number Of Shares		Weighted Average Exercise Price		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of January 1, 2014	19,000		$	45.74	3.43	$	669,610
SARs granted	4,500		68.70
SARs exercised	(1,500	)	49.04
Options exercised	(1,000	)	27.21
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of December 31, 2014	21,000		$	51.30	3.64	$	453,510
SARs granted	4,500		73.00
SARs exercised	(2,000	)	47.88
Options exercised	(1,500	)	36.79
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of June 30, 2015	22,000		$	57.04	4.43	$	316,230
Exercisable as of June 30, 2015	18,625		$	54.15	3.99	$	316,230
Unvested as of June 30, 2015	3,375		$	73.00	6.89	$	—

During the second quarters of both 2015 and 2014, the Company issued a total of 4,500 share-settled SARs to the directors of the Company. SARs give the holder the right to receive stock equal to the appreciation in the value of shares of stock from the grant date for a specified period of time, and as a result, are accounted for as equity instruments. The fair value of each award is estimated on the date of grant using the Black-Scholes option valuation model with the weighted average assumptions noted in the table shown below. Expected volatilities are based on both the implied and historical volatility of the Company's stock. The Company uses historical data to project SAR exercises and pre-exercise forfeitures within the valuation model. The expected term of awards represents the period of time that SARs granted are expected to be outstanding. The interest rate assumed for the expected life of the award is based on the U.S. Treasury yield curve at the time of the grant. The weighted average fair values for the SARs issued during 2015 and 2014 were $31.16 and $28.98, respectively.

The weighted average fair values for SARs issued during 2015 and 2014 were estimated using the weighted average assumptions shown in the table below:



	2015		2014
Expected life in years	7.0		6.9
Volatility	40.7	%	39.9	%
Interest rate	2.0	%	2.1	%
Yield rate	0.4	%	0.4	%

There was approximately $68,000 and $55,000 of compensation expense relating to SARs or options vesting on or before June 30, 2015 and 2014, respectively, included in salaries, employee benefits and payroll taxes in the Consolidated Statements of Income. As of June 30, 2015, there was approximately $105,000 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Company’s stock award plans. That cost is expected to be recognized over a period of approximately 6 months based on weighted average durations.

There have been no stock options or SARs granted where the exercise price was less than the market price on the date of grant.

Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

The Company has one reportable segment, title insurance services. The remaining immaterial segments have been combined into a group called “All Other.”

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

Provided below is selected financial information about the Company's operations by segment for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	32,245,905	$	1,655,359	$	(476,108	)	$	33,425,156
Investment income	1,010,243		144,578		(23,334		)	1,131,487
Net realized gain on investments	899,588		25,576		—			925,164
Total revenues	$	34,155,736	$	1,825,513	$	(499,442	)	$	35,481,807
Operating expenses	28,614,932		1,539,065		(458,687		)	29,695,310
Income before income taxes	$	5,540,804	$	286,448	$	(40,755	)	$	5,786,497
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555



Three Months Ended June 30, 2014	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	31,068,218	$	1,447,431		$	(425,613	)	$	32,090,036
Investment income	937,692		125,077			(23,334		)	1,039,435
Net realized gain (loss) on investments	92,920		(838		)	—			92,082
Total revenues	$	32,098,830	$	1,571,670		$	(448,947	)	$	33,221,553
Operating expenses	27,590,537		1,360,164			(408,192		)	28,542,509
Income before income taxes	$	4,508,293	$	211,506		$	(40,755	)	$	4,679,044
Total assets	$	148,524,746	$	42,727,628		$	—		$	191,252,374



Six Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	58,241,430	$	3,119,516	$	(826,823	)	$	60,534,123
Investment income	2,061,018		295,176		(46,668		)	2,309,526
Net realized gain on investments	913,967		26,000		—			939,967
Total revenues	$	61,216,415	$	3,440,692	$	(873,491	)	$	63,783,616
Operating expenses	53,212,403		3,207,573		(791,981		)	55,627,995
Income before income taxes	$	8,004,012	$	233,119	$	(81,510	)	$	8,155,621
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555



Six Months Ended June 30, 2014	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	56,875,668	$	2,900,732	$	(750,843	)	$	59,025,557
Investment income	1,866,204		246,315		(46,668		)	2,065,851
Net realized gain on investments	530,528		53,691		—			584,219
Total revenues	$	59,272,400	$	3,200,738	$	(797,511	)	$	61,675,627
Operating expenses	53,315,465		3,040,604		(716,001		)	55,640,068
Income before income taxes	$	5,956,935	$	160,134	$	(81,510	)	$	6,035,559
Total assets	$	148,524,746	$	42,727,628	$	—		$	191,252,374

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Retirement Agreements And Other Postretirement Benefits

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Retirement Agreements And Other Postretirement Benefits

Retirement Agreements and Other Postretirement Benefits

The Company’s subsidiary, Investors Title Insurance Company ("ITIC"), is party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement estimated to total $7,662,000 and $7,111,000 as of June 30, 2015 and December 31, 2014, respectively. The executive employee benefits include health insurance, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the Consolidated Balance Sheets. The following sets forth the net periodic benefits cost for the executive benefits for the periods ended June 30, 2015 and 2014:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Service cost – benefits earned during the year	$	4,187	$	3,667	$	8,374	$	7,334
Interest cost on the projected benefit obligation	7,693		7,618		15,386		15,236
Amortization of unrecognized prior service cost	1,098		555		2,195		1,109
Amortization of unrecognized losses	878		—		1,757		—
Net periodic benefits costs	$	13,856	$	11,840	$	27,712	$	23,679

Fair Value Measurement

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurement

Valuation of Financial Assets and Liabilities

The FASB has established a valuation hierarchy for disclosure of the inputs used to measure fair value of financial assets and liabilities, such as securities. This hierarchy categorizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value.

A financial instrument’s classification within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement – consequently, if there are multiple significant valuation inputs that are categorized in different levels of the hierarchy, the instrument’s hierarchy level is the lowest level (with Level 3 being the lowest level) within which any significant input falls.

Debt and Equity Securities

The Level 1 category includes equity securities that are measured at fair value using quoted active market prices.

The Level 2 category includes fixed maturity investments such as corporate bonds, U.S. government and agency bonds and municipal bonds. Fair value is principally based on market values obtained from a third party pricing service. Factors that are used in determining fair market value include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. The Company receives one quote per security from a third party pricing service, although as discussed below, the Company does consult other pricing resources when confirming that the prices it obtains reflect the fair values of the instruments in accordance with Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures. Generally, quotes obtained from the pricing service for instruments classified as Level 2 are not adjusted and are not binding. As of June 30, 2015 and December 31, 2014, the Company did not adjust any Level 2 fair values.

A number of the Company’s investment grade corporate bonds are frequently traded in active markets, and trading prices are consequently available for these securities. However, these securities are classified as Level 2 because the pricing service from which the Company has obtained fair values for these instruments uses valuation models which use observable market inputs in addition to trading prices. Substantially all of the input assumptions used in the service’s model are observable in the marketplace or can be derived or supported by observable market data.

The Level 3 category only includes the Company’s investments in student loan auction rate securities (“ARS”) because quoted prices are unavailable due to the failure of auctions. The Company’s ARS portfolio is comprised entirely of investment grade student loan ARS. The par value of these securities was $1,000,000 as of June 30, 2015 and December 31, 2014, with approximately 97.0% as of June 30, 2015 and December 31, 2014, guaranteed by the U.S. Department of Education.

Some of the inputs to ARS valuation are unobservable in the market and are significant – therefore, the Company utilizes another third party pricing service to assist in the determination of the fair market value of these securities. This service uses a proprietary valuation model that considers factors such as the following: the financial standing of the issuer; reported prices and the extent of public trading in similar financial instruments of the issuer or comparable companies; the ability of the issuer to obtain required financing; changes in the economic conditions affecting the issuer; pricing by other dealers in similar securities; time to maturity; and interest rates. The following table summarizes some key assumptions the service used to determine fair value as of June 30, 2015 and December 31, 2014:



	2015	2014
Cumulative probability of earning maximum rate until maturity	—%	—%
Cumulative probability of principal returned prior to maturity	95.2%	95.2%
Cumulative probability of default at some future point	4.8%	4.8%

Significant increases or decreases in any of the inputs in isolation could result in significant changes to the fair value measurement. Generally, increases in default probabilities and liquidity risk premiums lower the fair market value while increases in principal being returned and earning maximum rates increase fair market values.

Based upon these inputs and assumptions, the pricing service provides a range of values to the Company for its ARS. The Company records the fair value based on the midpoint of the range and believes that this valuation is the most reasonable estimate of fair value. In 2015 and 2014, the difference in the low and high values of the ranges was approximately one to four percent of the carrying value of the Company’s ARS.

The following table presents, by level, the financial assets carried at fair value measured on a recurring basis as of June 30, 2015 and December 31, 2014. The table does not include cash on hand and also does not include assets which are measured at historical cost or any basis other than fair value. Level 3 assets are comprised solely of ARS.



As of June 30, 2015	Level 1		Level 2		Level 3		Total
Short-term investments	$	8,588,140	$	—	$	—	$	8,588,140
Equity securities:
Common stock	38,237,742		—		—		38,237,742
Fixed maturities:
Obligations of U.S. states, territories and political subdivisions*	—		81,083,904		—		81,083,904
Corporate debt securities*	—		19,661,673		941,200		20,602,873
Total	$	46,825,882	$	100,745,577	$	941,200	$	148,512,659



As of December 31, 2014	Level 1		Level 2		Level 3		Total
Short-term investments	$	2,576,993	$	—	$	—	$	2,576,993
Equity securities:
Common stock and nonredeemable preferred stock	39,254,981		—		—		39,254,981
Fixed maturities:
Obligations of U.S. states, territories and political subdivisions*	—		85,780,755		—		85,780,755
Corporate debt securities*	—		22,328,435		939,100		23,267,535
Total	$	41,831,974	$	108,109,190	$	939,100	$	150,880,264

*Denotes fair market value obtained from pricing services.

There were no transfers into or out of Levels 1, 2 or 3 during the period.

To help ensure that fair value determinations are consistent with FASB ASC 820, prices from our pricing services go through multiple review processes to ensure appropriate pricing. Pricing procedures and inputs used to price each security include, but are not limited to, the following: unadjusted quoted market prices for identical securities such as stock market closing prices; non-binding quoted prices for identical securities in markets that are not active; interest rates; yield curves observable at commonly quoted intervals; volatility; prepayment speeds; loss severity; credit risks and default rates. The Company reviews the procedures and inputs used by its pricing services and verifies a sample of the services’ quotes by comparing them to values obtained from other pricing resources. In the event the Company disagrees with a price provided by its pricing services, the respective service reevaluates the price to corroborate the market information and then reviews inputs to the evaluation in light of potentially new market data. The Company believes that these processes and inputs result in appropriate classifications and fair values consistent with ASC 820.

Other Financial Instruments

The Company uses various financial instruments in the normal course of its business. In the measurement of the fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, ASC 820 excludes from its scope certain financial instruments, including those related to insurance contracts, pension and other postretirement benefits, and equity method investments.

In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions:

Cash and cash equivalents

The carrying amount for cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity of these investments.

Cost-basis investments

The estimated fair value of cost-basis investments is calculated from the book value of the underlying entities, which is not materially different from the fair value of the underlying entity. These items are included in other investments in the Consolidated Balance Sheets.

Accrued dividends and interest

The carrying amount for accrued dividends and interest is a reasonable estimate of fair value due to the short-term maturity of these assets.

The carrying amounts and fair values of these financial instruments (please note investments are disclosed in a previous table) as of June 30, 2015 and December 31, 2014 are presented in the following table:



As of June 30, 2015	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash	$	18,823,257	$	18,823,257	$	18,823,257	$	—	$	—
Cost-basis investments	2,574,394		2,972,786		—		—		2,972,786
Accrued dividends and interest	1,039,031		1,039,031		1,039,031		—		—
Total	$	22,436,682	$	22,835,074	$	19,862,288	$	—	$	2,972,786



As of December 31, 2014	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash	$	15,826,515	$	15,826,515	$	15,826,515	$	—	$	—
Cost-basis investments	2,516,608		2,675,817		—		—		2,675,817
Accrued dividends and interest	1,063,837		1,063,837		1,063,837		—		—
Total	$	19,406,960	$	19,566,169	$	16,890,352	$	—	$	2,675,817

The following table presents a reconciliation of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the period ended June 30, 2015 and the year ended December 31, 2014:



Changes in fair value during the period ended:	2015		2014
Beginning balance at January 1	$	939,100	$	935,700
Redemptions and sales	—		—
Realized gain – included in net realized gain on investments	—		—
Unrealized gain - included in other comprehensive income	2,100		3,400
Ending balance, net	$	941,200	$	939,100

Certain cost-basis investments are measured at estimated fair value on a non-recurring basis, such as investments that are determined to be other-than temporarily impaired during the period and recorded at estimated fair value in the Consolidated Financial Statements as of June 30, 2015 and December 31, 2014. The following table summarizes the corresponding estimated fair value hierarchy of such investments at June 30, 2015 and December 31, 2014 and the related impairments recognized:

As of June 30, 2015

Valuation

Method

Impaired

Level 1

Level 2

Level 3

Total at

Estimated

Fair

Value

Impairment

Losses

Cost-basis investments

Fair Value

Yes

$

—

$

—

$

—

$

—

$

—

Total cost-basis investments

$

—

$

—

$

—

$

—

$

—



As of December 31, 2014	Valuation Method	Impaired	Level 1		Level 2		Level 3		Total at Estimated Fair Value		Impairment Losses
Cost-basis investments	Fair Value	Yes	$	—	$	—	$	22,682	$	22,682	$	(10,062	)
Total cost-basis investments			$	—	$	—	$	22,682	$	22,682	$	(10,062	)

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Investments In Securities

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Investments In Securities

Investments in Securities

The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows:



As of June 30, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
General obligations of U.S. states, territories and political subdivisions	$	31,548,653	$	1,091,029	$	93,303	$	32,546,379
Issuer obligations of U.S. states, territories and political subdivisions special revenue	46,920,424		1,870,286		253,185		48,537,525
Corporate debt securities	19,068,255		635,520		42,102		19,661,673
Auction rate securities	923,348		17,852		—		941,200
Total	$	98,460,680	$	3,614,687	$	388,590	$	101,686,777
Equity securities, available-for-sale, at fair value:
Common stocks	$	24,495,731	$	13,971,118	$	229,107	$	38,237,742
Total	$	24,495,731	$	13,971,118	$	229,107	$	38,237,742
Short-term investments:
Money market funds and certificates of deposit	$	8,588,140	$	—	$	—	$	8,588,140
Total	$	8,588,140	$	—	$	—	$	8,588,140



As of December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
General obligations of U.S. states, territories and political subdivisions	$	35,215,247	$	1,527,794	$	19,542	$	36,723,499
Issuer obligations of U.S. states, territories and political subdivisions special revenue	46,707,033		2,405,725		55,502		49,057,256
Corporate debt securities	21,576,641		823,133		71,339		22,328,435
Auction rate securities	922,129		16,971		—		939,100
Total	$	104,421,050	$	4,773,623	$	146,383	$	109,048,290
Equity securities, available-for-sale, at fair value:
Common stocks and nonredeemable preferred stocks	$	24,128,753	$	15,225,459	$	99,231	$	39,254,981
Total	$	24,128,753	$	15,225,459	$	99,231	$	39,254,981
Short-term investments:
Money market funds and certificates of deposit	$	2,576,993	$	—	$	—	$	2,576,993
Total	$	2,576,993	$	—	$	—	$	2,576,993

The special revenue category for both periods presented includes at least 50 individual bonds with revenue sources from a variety of industry sectors.

The scheduled maturities of fixed maturity securities at June 30, 2015 were as follows:



	Available-for-Sale
	Amortized Cost		Fair Value
Due in one year or less	$	11,016,521	$	11,138,998
Due after one year through five years	49,478,289		51,653,942
Due five years through ten years	35,820,980		36,308,071
Due after ten years	2,144,890		2,585,766
Total	$	98,460,680	$	101,686,777

Realized gains and losses on investments for the six months ended June 30 are summarized as follows:



	2015			2014
Gross realized gains:
Corporate debt securities	$	999		$	—
Common stocks and nonredeemable preferred stocks	944,564			891,955
Total	$	945,563		$	891,955
Gross realized losses:
General obligations of U.S. states, territories and political subdivisions	$	(12,319	)	$	—
Issuer obligations of U.S. states, territories and political subdivisions special revenue	(398		)	—
Common stocks and nonredeemable preferred stocks	(834		)	(58,319		)
Impairments of debt and equity securities	(11,149		)	—
Total	$	(24,700	)	$	(58,319	)
Net realized gain from securities	$	920,863		$	833,636
Net realized (losses) gains on other investments:
Impairments of other investments	$	—		$	(10,062	)
Gains on other investments	19,104			26,234
Losses on other investments	—			(265,589		)
Total	$	19,104		$	(249,417	)
Net realized gain on investments	$	939,967		$	584,219

Realized gains and losses are determined on the specific identification method.

The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2015 and December 31, 2014:



	Less than 12 Months					12 Months or Longer					Total
As of June 30, 2015	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
General obligations of U.S. states, territories and political subdivisions	$	4,054,855	$	(93,303	)	$	—	$	—		$	4,054,855	$	(93,303	)
Issuer obligations of U.S. states, territories and political subdivisions special revenue	11,421,246		(225,274		)	1,186,944		(27,911		)	12,608,190		(253,185		)
Corporate debt securities	5,953,050		(42,102		)	—		—			5,953,050		(42,102		)
Total fixed income securities	$	21,429,151	$	(360,679	)	$	1,186,944	$	(27,911	)	$	22,616,095	$	(388,590	)
Equity securities	$	3,452,170	$	(181,871	)	$	139,365	$	(47,236	)	$	3,591,535	$	(229,107	)
Total temporarily impaired securities	$	24,881,321	$	(542,550	)	$	1,326,309	$	(75,147	)	$	26,207,630	$	(617,697	)



	Less than 12 Months					12 Months or Longer					Total
As of December 31, 2014	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
General obligations of U.S. states, territories and political subdivisions	$	2,113,194	$	(19,542	)	$	—	$	—		$	2,113,194	$	(19,542	)
Issuer obligations of U.S. states, territories and political subdivisions special revenue	3,946,977		(13,453		)	1,182,390		(42,049		)	5,129,367		(55,502		)
Corporate debt securities	6,924,430		(71,339		)	—		—			6,924,430		(71,339		)
Total fixed income securities	$	12,984,601	$	(104,334	)	$	1,182,390	$	(42,049	)	$	14,166,991	$	(146,383	)
Equity securities	$	930,208	$	(71,669	)	$	141,280	$	(27,562	)	$	1,071,488	$	(99,231	)
Total temporarily impaired securities	$	13,914,809	$	(176,003	)	$	1,323,670	$	(69,611	)	$	15,238,479	$	(245,614	)

As of June 30, 2015, the Company held $22,616,095 in fixed maturity securities with unrealized losses of $388,590. As of December 31, 2014, the Company held $14,166,991 in fixed maturity securities with unrealized losses of $146,383. The decline in fair value of the fixed maturity securities can be attributed primarily to changes in market interest rates and changes in credit spreads over Treasury securities. Because the Company does not have the intent to sell these securities and will likely not be compelled to sell them before it can recover its cost basis, the Company does not consider these investments to be other-than-temporarily impaired.

As of June 30, 2015, the Company held $3,591,535 in equity securities with unrealized losses of $229,107. As of December 31, 2014, the Company held $1,071,488 in equity securities with unrealized losses of $99,231. The unrealized losses related to holdings of equity securities were caused by market changes that the Company considers to be temporary. Since the Company has the intent and ability to hold these equity securities until a recovery of fair value, the Company does not consider these investments other-than-temporarily impaired.

Factors considered in determining whether a loss is temporary include the length of time and extent to which fair value has been below cost, the financial condition and prospects of the issuer (including credit ratings and analyst reports) and macro-economic changes. A total of 39 and 25 securities had unrealized losses at June 30, 2015 and December 31, 2014, respectively. Reviews of the values of securities are inherently uncertain and the value of the investment may not fully recover, or may decline in future periods resulting in a realized loss. The Company recorded other-than-temporary impairment charges in the amount of $11,149 for securities for the six months ended June 30, 2015 and no other-than-temporary impairment charges for securities for the six months ended June 30, 2014. Other-than-temporary impairment charges are included in net realized gain on investments in the Consolidated Statements of Income.

Commitments And Contingencies	6 Months Ended
Commitments And Contingencies	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	Commitments and Contingencies Legal Proceedings – The Company and its subsidiaries are involved in legal proceedings that are incidental to their business. In the Company’s opinion, based on the present status of these proceedings, any potential liability of the Company or its subsidiaries with respect to these legal proceedings, will not, in the aggregate, be material to the Company’s consolidated financial condition or operations. Regulation – The Company’s title insurance and trust subsidiaries are regulated by various federal, state and local governmental agencies and are subject to various audits and inquiries. It is the opinion of management based on its present expectations that these audits and inquiries will not have a material impact on the Company’s consolidated financial condition or operations. Escrow and Trust Deposits – As a service to its customers, the Company, through ITIC, administers escrow and trust deposits representing earnest money received under real estate contracts, undisbursed amounts received for settlement of mortgage loans and indemnities against specific title risks. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets. However, the Company remains contingently liable for the disposition of these deposits. Like-Kind Exchanges Proceeds – In administering tax-deferred property exchanges, the Company’s subsidiary, Investors Title Exchange Corporation (“ITEC”), serves as a qualified intermediary for exchanges, holding the net sales proceeds from relinquished property to be used for purchase of replacement property. Another Company subsidiary, Investors Title Accommodation Corporation (“ITAC”), serves as exchange accommodation titleholder and, through limited liability companies that are wholly owned subsidiaries of ITAC, holds property for exchangers in reverse exchange transactions. Like-kind exchange deposits and reverse exchange property totaled approximately $126,373,000 and $82,477,000 as of June 30, 2015 and December 31, 2014, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets; however, the Company remains contingently liable for the disposition of the transfers of property, disbursements of proceeds and the return on the proceeds at the agreed upon rate. Exchange services revenues include earnings on these deposits; therefore, investment income is shown as other revenue rather than investment income. These like-kind exchange funds are primarily invested in money market and other short-term investments. Agency Relationship – On July 1, 2015, Title Resource Group LLC's wholly owned subsidiary, title insurer Texas American Title Company, acquired the assets of ITCOA, LLC, which does business throughout Texas as Independence Title. For the six months ended June 30, 2015 and the twelve months ended December 31, 2014 and 2013, Independence Title originated 16.0%, 23.6% and 16.4%, respectively, of the net premiums written for the Company. The Company expects Independence Title will maintain an underwriting relationship with the Company; however, the Company cannot quantify the effect Texas American Title Company’s acquisition of Independence Title may have on the Company’s premium revenues or results of operations. Any reduction in premiums would be largely offset by related reductions in commissions, premium and income taxes, the provision for claims and other operating expenses. The Company did not have any ownership interest in Independence Title before or after the July 1, 2015 acquisition.

Related Party Transactions

6 Months Ended

Jun. 30, 2015

Related Party Transactions

The Company does business with, and has investments in, unconsolidated limited liability companies that are primarily title insurance agencies. The Company utilizes the equity method to account for its investment in these limited liability companies. The following table sets forth the approximate values by year found within each financial statement classification:



Financial Statement Classification,	As of June 30, 2015		As of December 31, 2014
Consolidated Balance Sheets	As of June 30, 2015		As of December 31, 2014
Other investments	$	5,823,000	$	6,014,000
Premiums and fees receivable	$	903,000	$	666,000



Financial Statement Classification,	For the Three Months Ended June 30,				For the Six Months Ended June 30,
Consolidated Statements of Income	2015		2014		2015		2014
Net premiums written	$	3,929,000	$	3,270,000	$	6,985,000	$	5,561,000
Other income	$	1,111,000	$	627,000	$	1,514,000	$	976,000
Commissions to agents	$	2,718,000	$	2,094,000	$	4,850,000	$	3,771,000

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Acquisition

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Acquisition

In January 2012, a subsidiary of the Company, ITIC, entered into a membership interest purchase and sale agreement under which it agreed to acquire a majority ownership interest of United Title Agency Co., LLC (“United”). United, a Michigan limited liability company, is an insurance agency doing business in the State of Michigan. On April 2, 2012, ITIC purchased a 70% ownership interest in United, with both ITIC and the seller having the option to require ITIC to purchase the remaining 30% interest at a later date.

The contingent payment arrangement required that the purchase price for the 70% majority interest in United was to be paid over a two year period and was determined by multiplying United’s actual GAAP net income for the first full 24 calendar months subsequent to closing by an agreed upon factor. In no event was the purchase price for the majority interest to exceed $1,041,250. The acquisition date fair value of the total consideration to be transferred was $1,041,250. This fair value total was equal to $350,000 ITIC had already paid toward the purchase price, as well as $691,250 in estimated contingent payments. During the second quarter of 2013, ITIC paid an additional $350,000 toward the purchase price. During the second quarter of 2014, ITIC paid the remaining $341,250 of the purchase price. As a result, no contingent payments were included on the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014.

On May 21, 2014, ITIC purchased the remaining 30% ownership interest in United, making United a wholly owned subsidiary of ITIC. The purchase price of the redeemable noncontrolling interest was calculated by multiplying United’s GAAP net income for the full 24 calendar months immediately preceding the written notice of the option exercise by an agreed upon factor. The calculated purchase price of $515,275 was paid during the second quarter of 2014.

The following table provides the effects of changes in ITIC's ownership interest in United, and the resulting impact on the Company's equity:



	June 30, 2015		December 31, 2014
Net income attributable to the Company	$	5,846,621	$	9,648,975
Transfers from the redeemable controlling interest:
Decrease in paid-in capital for purchase of redeemable noncontrolling interest	—		(114,320		)
Net transfers from noncontrolling interest	—		(114,320		)
Change from net income attributable to the Company and transfers from redeemable noncontrolling interest	$	5,846,621	$	9,534,655

As certain provisions of the membership interest purchase and sale agreement placed the acquisition of the remaining 30% of United by ITIC out of ITIC’s control, the noncontrolling interest in United was deemed redeemable. The redeemable noncontrolling interest was presented outside of permanent equity, as redeemable equity in the Consolidated Balance Sheets. On the acquisition date, the fair value of the redeemable noncontrolling interest was $446,250. The fair value of the redeemable noncontrolling interest was based on the noncontrolling interest’s share of the value of net assets.

The following table provides a reconciliation of total redeemable equity for the periods ended June 30, 2015 and December 31, 2014:



Changes in carrying value during the period ended:	June 30, 2015		December 31, 2014
Beginning balance at January 1	$	—	$	545,489
Net income attributable to redeemable noncontrolling interest	—		23,523
Distributions to noncontrolling interest	—		(168,057		)
Redeemable noncontrolling interest resulting from subsidiary purchase	—		(515,275		)
Adjustment to retained earnings for purchase of noncontrolling interest	—		114,320
Balance, net	$	—	$	—

Fair valuation methods used for the identifiable tangible net assets acquired in the acquisition make use of discounted cash flows using current interest rates. The fair value of identifiable net tangible assets at the acquisition date was $5,600. Identifiable assets acquired included cash and fixed assets. Liabilities assumed consisted of notes payable.

The transaction was accounted for using the acquisition method required by ASC 805, Business Combinations. Accordingly, the Company recognized the required identifiable intangible assets of United. There was no goodwill recorded as a result of the acquisition. The fair values of intangible assets, all Level 3 inputs, are principally based on values obtained from a third party valuation service. At acquisition, intangible assets included $645,685 relating to a non-compete contract resulting from the acquisition and $836,215 from referral relationships. The non-compete contract is being amortized over a 10-year period using the straight-line method, starting at a future date when the related employment agreement is terminated. The referral relationships are being amortized over a 12-year period using the straight-line method. At June 30, 2015 and December 31, 2014, accumulated amortization of intangible assets was $226,473 and $191,631, respectively. Net intangible assets of $1,255,427 and $1,290,269 are categorized as prepaid expenses and other assets in the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014. In accordance with ASC 350, Intangibles – Goodwill and Other, management determined that no events or changes in circumstances occurred that would indicate the carrying amount may not be recoverable, and therefore determined that the intangible assets assigned to United were not impaired at June 30, 2015.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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+ Details

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	13,112,930		$	(76,684	)	$	13,036,246
Other comprehensive loss before reclassifications	(1,412,635		)	—			(1,412,635		)
Amounts reclassified from accumulated other comprehensive (loss) income	(601,118		)	1,304			(599,814		)
Net current-period other comprehensive (loss) income	(2,013,753		)	1,304			(2,012,449		)
Ending balance	$	11,099,177		$	(75,380	)	$	11,023,797



Three Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	11,398,858		$	(47,987	)	$	11,350,871
Other comprehensive income before reclassifications	1,447,244			—			1,447,244
Amounts reclassified from accumulated other comprehensive (loss) income	(45,151		)	366			(44,785		)
Net current-period other comprehensive income	1,402,093			366			1,402,459
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330



Six Months Ended June 30, 2015	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	12,934,497		$	(77,988	)	$	12,856,509
Other comprehensive loss before reclassifications	(1,228,408		)	—			(1,228,408		)
Amounts reclassified from accumulated other comprehensive (loss) income	(606,912		)	2,608			(604,304		)
Net current-period other comprehensive (loss) income	(1,835,320		)	2,608			(1,832,712		)
Ending balance	$	11,099,177		$	(75,380	)	$	11,023,797



Six Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	11,395,757		$	(48,353	)	$	11,347,404
Other comprehensive income before reclassifications	1,953,080			—			1,953,080
Amounts reclassified from accumulated other comprehensive (loss) income	(547,886		)	732			(547,154		)
Net current-period other comprehensive income	1,405,194			732			1,405,926
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330

The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	923,209
Other-than-temporary impairments	(11,149		)
Total	$	912,060		Net realized gain on investment
Tax	(310,942		)	Provision for Income Taxes
Net of Tax	$	601,118
Amortization related to postretirement benefit plans:
Prior year service cost	$	(1,098	)
Unrecognized loss	(878		)
Total	$	(1,976	)	(a)
Tax	672			Provision for Income Taxes
Net of Tax	$	(1,304	)
Reclassifications for the period	$	599,814



Three Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	68,364
Other-than-temporary impairments	—
Total	$	68,364		Net realized gain on investment
Tax	(23,213		)	Provision for Income Taxes
Net of Tax	$	45,151
Amortization related to postretirement benefit plans:
Prior year service cost	$	(555	)
Unrecognized gain (loss)	—
Total	$	(555	)	(a)
Tax	189			Provision for Income Taxes
Net of Tax	$	(366	)
Reclassifications for the period	$	44,785



Six Months Ended June 30, 2015
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	932,012
Other-than-temporary impairments	(11,149		)
Total	$	920,863		Net realized gain on investment
Tax	(313,951		)	Provision for Income Taxes
Net of Tax	$	606,912
Amortization related to postretirement benefit plans:
Prior year service cost	$	(2,195	)
Unrecognized loss	(1,757		)
Total	$	(3,952	)	(a)
Tax	1,344			Provision for Income Taxes
Net of Tax	$	(2,608	)
Reclassifications for the period	$	604,304



Six Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	833,636
Other-than-temporary impairments	—
Total	$	833,636		Net realized gain on investment
Tax	(285,750		)	Provision for Income Taxes
Net of Tax	$	547,886
Amortization related to postretirement benefit plans:
Prior year service cost	$	(1,109	)
Unrecognized gain (loss)	—
Total	$	(1,109	)	(a)
Tax	377			Provision for Income Taxes
Net of Tax	$	(732	)
Reclassifications for the period	$	547,154

(a)

These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization and accretion related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

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-Topic 505

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-Paragraph 1

-Subparagraph (SX 210.3-04)

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-Section 45

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Basis Of Presentation And Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles Of Consolidation	Principles of Consolidation – The accompanying unaudited Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles for interim financial information, with the instructions to Form 10-Q and with Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. Earnings attributable to the Company's redeemable noncontrolling interest in a majority-owned insurance agency are recorded in the Consolidated Statements of Income. All intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company in the accompanying unaudited Consolidated Financial Statements have been included. All such adjustments are of a normal recurring nature. Operating results for the quarter ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Doubtful Accounts – Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable.
Use Of Estimates And Assumptions	Use of Estimates and Assumptions – The preparation of the Company’s Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions used.
Subsequent Events	Subsequent Events – The Company has concluded that there was a subsequent event related to an agency relationship. This is discussed further in Note 8. There were no other subsequent events requiring adjustment to or disclosure in the Consolidated Financial Statements.
Recently Issued Accounting Standards	Recently Issued Accounting Standards – In February 2015, the Financial Accounting Standards Board (“FASB”) updated guidance to change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities ("VIEs") or voting interest entities; eliminate the presumption that a general partner should consolidate a limited partnership; affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and provide a scope exception from consolidation guidance for reporting entities that are required to comply with or operate in accordance with certain requirements similar to those for registered money market funds. For public entities, this update becomes effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations but does not expect it to have a material impact. In May 2014, the FASB updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update originally became effective for interim and annual reporting periods beginning after December 15, 2016. In July 2015, the FASB approved a proposal to defer the effective date of the standard by one year. Early adoption is not permitted, although if the FASB proposal passes, public entities are permitted to elect to adopt the amendments on the original effective date. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations but does not expect it to have a material impact.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References+ Details

Reserves For Claims (Tables)

6 Months Ended

Jun. 30, 2015

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Summary Of Transactions In Reserves For Claims

Transactions in the reserves for claims for the six months ended June 30, 2015 and the year ended December 31, 2014 are summarized as follows:



	June 30, 2015			December 31, 2014
Balance, beginning of period	$	36,677,000		$	35,360,000
Provision, charged to operations	2,917,422			5,229,716
Payments of claims, net of recoveries	(1,469,422		)	(3,912,716		)
Ending balance	$	38,125,000		$	36,677,000

Summary Of The Company's Loss Reserves

A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:



	June 30, 2015		%	December 31, 2014		%
Known title claims	$	5,692,307	14.9	$	5,364,645	14.6
IBNR	32,432,693		85.1	31,312,355		85.4
Total loss reserves	$	38,125,000	100.0	$	36,677,000	100.0

Earnings Per Common Share And Share Awards (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income attributable to the Company	$	4,120,497	$	3,373,598	$	5,846,621	$	4,360,036
Weighted average common shares outstanding – Basic	2,004,698		2,034,931		2,008,718		2,036,047
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)	4,797		4,271		5,160		5,221
Weighted average common shares outstanding – Diluted	2,009,495		2,039,202		2,013,878		2,041,268
Basic earnings per common share	$	2.06	$	1.66	$	2.91	$	2.14
Diluted earnings per common share	$	2.05	$	1.65	$	2.90	$	2.14

Summary Of Share-Based Award Transactions

A summary of share-based award transactions for all share-based award plans follows:



	Number Of Shares		Weighted Average Exercise Price		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding as of January 1, 2014	19,000		$	45.74	3.43	$	669,610
SARs granted	4,500		68.70
SARs exercised	(1,500	)	49.04
Options exercised	(1,000	)	27.21
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of December 31, 2014	21,000		$	51.30	3.64	$	453,510
SARs granted	4,500		73.00
SARs exercised	(2,000	)	47.88
Options exercised	(1,500	)	36.79
Options/SARs canceled/forfeited/expired	—		—
Outstanding as of June 30, 2015	22,000		$	57.04	4.43	$	316,230
Exercisable as of June 30, 2015	18,625		$	54.15	3.99	$	316,230
Unvested as of June 30, 2015	3,375		$	73.00	6.89	$	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The weighted average fair values for SARs issued during 2015 and 2014 were estimated using the weighted average assumptions shown in the table below:



	2015		2014
Expected life in years	7.0		6.9
Volatility	40.7	%	39.9	%
Interest rate	2.0	%	2.1	%
Yield rate	0.4	%	0.4	%

Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Selected Financial Information About The Company's Operations By Segment

Provided below is selected financial information about the Company's operations by segment for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	32,245,905	$	1,655,359	$	(476,108	)	$	33,425,156
Investment income	1,010,243		144,578		(23,334		)	1,131,487
Net realized gain on investments	899,588		25,576		—			925,164
Total revenues	$	34,155,736	$	1,825,513	$	(499,442	)	$	35,481,807
Operating expenses	28,614,932		1,539,065		(458,687		)	29,695,310
Income before income taxes	$	5,540,804	$	286,448	$	(40,755	)	$	5,786,497
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555



Three Months Ended June 30, 2014	Title Insurance		All Other			Intersegment Eliminations			Total
Insurance and other services revenues	$	31,068,218	$	1,447,431		$	(425,613	)	$	32,090,036
Investment income	937,692		125,077			(23,334		)	1,039,435
Net realized gain (loss) on investments	92,920		(838		)	—			92,082
Total revenues	$	32,098,830	$	1,571,670		$	(448,947	)	$	33,221,553
Operating expenses	27,590,537		1,360,164			(408,192		)	28,542,509
Income before income taxes	$	4,508,293	$	211,506		$	(40,755	)	$	4,679,044
Total assets	$	148,524,746	$	42,727,628		$	—		$	191,252,374



Six Months Ended June 30, 2015	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	58,241,430	$	3,119,516	$	(826,823	)	$	60,534,123
Investment income	2,061,018		295,176		(46,668		)	2,309,526
Net realized gain on investments	913,967		26,000		—			939,967
Total revenues	$	61,216,415	$	3,440,692	$	(873,491	)	$	63,783,616
Operating expenses	53,212,403		3,207,573		(791,981		)	55,627,995
Income before income taxes	$	8,004,012	$	233,119	$	(81,510	)	$	8,155,621
Total assets	$	156,308,663	$	43,890,892	$	—		$	200,199,555



Six Months Ended June 30, 2014	Title Insurance		All Other		Intersegment Eliminations			Total
Insurance and other services revenues	$	56,875,668	$	2,900,732	$	(750,843	)	$	59,025,557
Investment income	1,866,204		246,315		(46,668		)	2,065,851
Net realized gain on investments	530,528		53,691		—			584,219
Total revenues	$	59,272,400	$	3,200,738	$	(797,511	)	$	61,675,627
Operating expenses	53,315,465		3,040,604		(716,001		)	55,640,068
Income before income taxes	$	5,956,935	$	160,134	$	(81,510	)	$	6,035,559
Total assets	$	148,524,746	$	42,727,628	$	—		$	191,252,374

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Retirement Agreements And Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Components Of Net Periodic Benefits Cost

The following sets forth the net periodic benefits cost for the executive benefits for the periods ended June 30, 2015 and 2014:



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Service cost – benefits earned during the year	$	4,187	$	3,667	$	8,374	$	7,334
Interest cost on the projected benefit obligation	7,693		7,618		15,386		15,236
Amortization of unrecognized prior service cost	1,098		555		2,195		1,109
Amortization of unrecognized losses	878		—		1,757		—
Net periodic benefits costs	$	13,856	$	11,840	$	27,712	$	23,679

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Schedule Of Assumptions Used To Determine Fair Value

The following table summarizes some key assumptions the service used to determine fair value as of June 30, 2015 and December 31, 2014:



	2015	2014
Cumulative probability of earning maximum rate until maturity	—%	—%
Cumulative probability of principal returned prior to maturity	95.2%	95.2%
Cumulative probability of default at some future point	4.8%	4.8%

Schedule Of Fair Value Assets Measured On Recurring Basis

The following table presents, by level, the financial assets carried at fair value measured on a recurring basis as of June 30, 2015 and December 31, 2014. The table does not include cash on hand and also does not include assets which are measured at historical cost or any basis other than fair value. Level 3 assets are comprised solely of ARS.



As of June 30, 2015	Level 1		Level 2		Level 3		Total
Short-term investments	$	8,588,140	$	—	$	—	$	8,588,140
Equity securities:
Common stock	38,237,742		—		—		38,237,742
Fixed maturities:
Obligations of U.S. states, territories and political subdivisions*	—		81,083,904		—		81,083,904
Corporate debt securities*	—		19,661,673		941,200		20,602,873
Total	$	46,825,882	$	100,745,577	$	941,200	$	148,512,659



As of December 31, 2014	Level 1		Level 2		Level 3		Total
Short-term investments	$	2,576,993	$	—	$	—	$	2,576,993
Equity securities:
Common stock and nonredeemable preferred stock	39,254,981		—		—		39,254,981
Fixed maturities:
Obligations of U.S. states, territories and political subdivisions*	—		85,780,755		—		85,780,755
Corporate debt securities*	—		22,328,435		939,100		23,267,535
Total	$	41,831,974	$	108,109,190	$	939,100	$	150,880,264

*Denotes fair market value obtained from pricing services.

Schedule Of Carrying Value And Fair Value Of Financial Assets Disclosed

The carrying amounts and fair values of these financial instruments (please note investments are disclosed in a previous table) as of June 30, 2015 and December 31, 2014 are presented in the following table:



As of June 30, 2015	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash	$	18,823,257	$	18,823,257	$	18,823,257	$	—	$	—
Cost-basis investments	2,574,394		2,972,786		—		—		2,972,786
Accrued dividends and interest	1,039,031		1,039,031		1,039,031		—		—
Total	$	22,436,682	$	22,835,074	$	19,862,288	$	—	$	2,972,786



As of December 31, 2014	Carrying Value		Estimated Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash	$	15,826,515	$	15,826,515	$	15,826,515	$	—	$	—
Cost-basis investments	2,516,608		2,675,817		—		—		2,675,817
Accrued dividends and interest	1,063,837		1,063,837		1,063,837		—		—
Total	$	19,406,960	$	19,566,169	$	16,890,352	$	—	$	2,675,817

Schedule Of Fair Value Assets Measured At Unobservable Inputs Reconciliation

The following table presents a reconciliation of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the period ended June 30, 2015 and the year ended December 31, 2014:



Changes in fair value during the period ended:	2015		2014
Beginning balance at January 1	$	939,100	$	935,700
Redemptions and sales	—		—
Realized gain – included in net realized gain on investments	—		—
Unrealized gain - included in other comprehensive income	2,100		3,400
Ending balance, net	$	941,200	$	939,100

Schedule Of Estimated Fair Value Hierarchy Of Investments And Related Impairments Recognized

The following table summarizes the corresponding estimated fair value hierarchy of such investments at June 30, 2015 and December 31, 2014 and the related impairments recognized:

As of June 30, 2015

Valuation

Method

Impaired

Level 1

Level 2

Level 3

Total at

Estimated

Fair

Value

Impairment

Losses

Cost-basis investments

Fair Value

Yes

$

—

$

—

$

—

$

—

$

—

Total cost-basis investments

$

—

$

—

$

—

$

—

$

—



As of December 31, 2014	Valuation Method	Impaired	Level 1		Level 2		Level 3		Total at Estimated Fair Value		Impairment Losses
Cost-basis investments	Fair Value	Yes	$	—	$	—	$	22,682	$	22,682	$	(10,062	)
Total cost-basis investments			$	—	$	—	$	22,682	$	22,682	$	(10,062	)

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

Investments In Securities (Tables)

6 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities

The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows:



As of June 30, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
General obligations of U.S. states, territories and political subdivisions	$	31,548,653	$	1,091,029	$	93,303	$	32,546,379
Issuer obligations of U.S. states, territories and political subdivisions special revenue	46,920,424		1,870,286		253,185		48,537,525
Corporate debt securities	19,068,255		635,520		42,102		19,661,673
Auction rate securities	923,348		17,852		—		941,200
Total	$	98,460,680	$	3,614,687	$	388,590	$	101,686,777
Equity securities, available-for-sale, at fair value:
Common stocks	$	24,495,731	$	13,971,118	$	229,107	$	38,237,742
Total	$	24,495,731	$	13,971,118	$	229,107	$	38,237,742
Short-term investments:
Money market funds and certificates of deposit	$	8,588,140	$	—	$	—	$	8,588,140
Total	$	8,588,140	$	—	$	—	$	8,588,140



As of December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value:
General obligations of U.S. states, territories and political subdivisions	$	35,215,247	$	1,527,794	$	19,542	$	36,723,499
Issuer obligations of U.S. states, territories and political subdivisions special revenue	46,707,033		2,405,725		55,502		49,057,256
Corporate debt securities	21,576,641		823,133		71,339		22,328,435
Auction rate securities	922,129		16,971		—		939,100
Total	$	104,421,050	$	4,773,623	$	146,383	$	109,048,290
Equity securities, available-for-sale, at fair value:
Common stocks and nonredeemable preferred stocks	$	24,128,753	$	15,225,459	$	99,231	$	39,254,981
Total	$	24,128,753	$	15,225,459	$	99,231	$	39,254,981
Short-term investments:
Money market funds and certificates of deposit	$	2,576,993	$	—	$	—	$	2,576,993
Total	$	2,576,993	$	—	$	—	$	2,576,993

Schedule Of Fixed Maturity Securities

The scheduled maturities of fixed maturity securities at June 30, 2015 were as follows:



	Available-for-Sale
	Amortized Cost		Fair Value
Due in one year or less	$	11,016,521	$	11,138,998
Due after one year through five years	49,478,289		51,653,942
Due five years through ten years	35,820,980		36,308,071
Due after ten years	2,144,890		2,585,766
Total	$	98,460,680	$	101,686,777

Schedule Of Gross Realized Gains And Losses On Securities

Realized gains and losses on investments for the six months ended June 30 are summarized as follows:



	2015			2014
Gross realized gains:
Corporate debt securities	$	999		$	—
Common stocks and nonredeemable preferred stocks	944,564			891,955
Total	$	945,563		$	891,955
Gross realized losses:
General obligations of U.S. states, territories and political subdivisions	$	(12,319	)	$	—
Issuer obligations of U.S. states, territories and political subdivisions special revenue	(398		)	—
Common stocks and nonredeemable preferred stocks	(834		)	(58,319		)
Impairments of debt and equity securities	(11,149		)	—
Total	$	(24,700	)	$	(58,319	)
Net realized gain from securities	$	920,863		$	833,636
Net realized (losses) gains on other investments:
Impairments of other investments	$	—		$	(10,062	)
Gains on other investments	19,104			26,234
Losses on other investments	—			(265,589		)
Total	$	19,104		$	(249,417	)
Net realized gain on investments	$	939,967		$	584,219

Schedule Of Unrealized Losses On Investments

The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at June 30, 2015 and December 31, 2014:



	Less than 12 Months					12 Months or Longer					Total
As of June 30, 2015	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
General obligations of U.S. states, territories and political subdivisions	$	4,054,855	$	(93,303	)	$	—	$	—		$	4,054,855	$	(93,303	)
Issuer obligations of U.S. states, territories and political subdivisions special revenue	11,421,246		(225,274		)	1,186,944		(27,911		)	12,608,190		(253,185		)
Corporate debt securities	5,953,050		(42,102		)	—		—			5,953,050		(42,102		)
Total fixed income securities	$	21,429,151	$	(360,679	)	$	1,186,944	$	(27,911	)	$	22,616,095	$	(388,590	)
Equity securities	$	3,452,170	$	(181,871	)	$	139,365	$	(47,236	)	$	3,591,535	$	(229,107	)
Total temporarily impaired securities	$	24,881,321	$	(542,550	)	$	1,326,309	$	(75,147	)	$	26,207,630	$	(617,697	)



	Less than 12 Months					12 Months or Longer					Total
As of December 31, 2014	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
General obligations of U.S. states, territories and political subdivisions	$	2,113,194	$	(19,542	)	$	—	$	—		$	2,113,194	$	(19,542	)
Issuer obligations of U.S. states, territories and political subdivisions special revenue	3,946,977		(13,453		)	1,182,390		(42,049		)	5,129,367		(55,502		)
Corporate debt securities	6,924,430		(71,339		)	—		—			6,924,430		(71,339		)
Total fixed income securities	$	12,984,601	$	(104,334	)	$	1,182,390	$	(42,049	)	$	14,166,991	$	(146,383	)
Equity securities	$	930,208	$	(71,669	)	$	141,280	$	(27,562	)	$	1,071,488	$	(99,231	)
Total temporarily impaired securities	$	13,914,809	$	(176,003	)	$	1,323,670	$	(69,611	)	$	15,238,479	$	(245,614	)

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2015

Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets



Financial Statement Classification,	As of June 30, 2015		As of December 31, 2014
Consolidated Balance Sheets	As of June 30, 2015		As of December 31, 2014
Other investments	$	5,823,000	$	6,014,000
Premiums and fees receivable	$	903,000	$	666,000

Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income



Financial Statement Classification,	For the Three Months Ended June 30,				For the Six Months Ended June 30,
Consolidated Statements of Income	2015		2014		2015		2014
Net premiums written	$	3,929,000	$	3,270,000	$	6,985,000	$	5,561,000
Other income	$	1,111,000	$	627,000	$	1,514,000	$	976,000
Commissions to agents	$	2,718,000	$	2,094,000	$	4,850,000	$	3,771,000

Acquisition (Tables)

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Schedule of Parent Ownership Interest, Effects of Changes

The following table provides the effects of changes in ITIC's ownership interest in United, and the resulting impact on the Company's equity:



	June 30, 2015		December 31, 2014
Net income attributable to the Company	$	5,846,621	$	9,648,975
Transfers from the redeemable controlling interest:
Decrease in paid-in capital for purchase of redeemable noncontrolling interest	—		(114,320		)
Net transfers from noncontrolling interest	—		(114,320		)
Change from net income attributable to the Company and transfers from redeemable noncontrolling interest	$	5,846,621	$	9,534,655

Reconciliation Of Total Redeemable Equity

The following table provides a reconciliation of total redeemable equity for the periods ended June 30, 2015 and December 31, 2014:



Changes in carrying value during the period ended:	June 30, 2015		December 31, 2014
Beginning balance at January 1	$	—	$	545,489
Net income attributable to redeemable noncontrolling interest	—		23,523
Distributions to noncontrolling interest	—		(168,057		)
Redeemable noncontrolling interest resulting from subsidiary purchase	—		(515,275		)
Adjustment to retained earnings for purchase of noncontrolling interest	—		114,320
Balance, net	$	—	$	—

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References+ Details

Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2015

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax

The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	13,112,930		$	(76,684	)	$	13,036,246
Other comprehensive loss before reclassifications	(1,412,635		)	—			(1,412,635		)
Amounts reclassified from accumulated other comprehensive (loss) income	(601,118		)	1,304			(599,814		)
Net current-period other comprehensive (loss) income	(2,013,753		)	1,304			(2,012,449		)
Ending balance	$	11,099,177		$	(75,380	)	$	11,023,797



Three Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at April 1	$	11,398,858		$	(47,987	)	$	11,350,871
Other comprehensive income before reclassifications	1,447,244			—			1,447,244
Amounts reclassified from accumulated other comprehensive (loss) income	(45,151		)	366			(44,785		)
Net current-period other comprehensive income	1,402,093			366			1,402,459
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330



Six Months Ended June 30, 2015	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	12,934,497		$	(77,988	)	$	12,856,509
Other comprehensive loss before reclassifications	(1,228,408		)	—			(1,228,408		)
Amounts reclassified from accumulated other comprehensive (loss) income	(606,912		)	2,608			(604,304		)
Net current-period other comprehensive (loss) income	(1,835,320		)	2,608			(1,832,712		)
Ending balance	$	11,099,177		$	(75,380	)	$	11,023,797



Six Months Ended June 30, 2014	Unrealized Gains and Losses On Available-for-Sale Securities			Postretirement Benefits Plans			Total
Beginning balance at January 1	$	11,395,757		$	(48,353	)	$	11,347,404
Other comprehensive income before reclassifications	1,953,080			—			1,953,080
Amounts reclassified from accumulated other comprehensive (loss) income	(547,886		)	732			(547,154		)
Net current-period other comprehensive income	1,405,194			732			1,405,926
Ending balance	$	12,800,951		$	(47,621	)	$	12,753,330

Schedule Of Reclassification Out Of Accumulated Other Comprehensive Income

The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended June 30, 2015 and 2014:



Three Months Ended June 30, 2015
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	923,209
Other-than-temporary impairments	(11,149		)
Total	$	912,060		Net realized gain on investment
Tax	(310,942		)	Provision for Income Taxes
Net of Tax	$	601,118
Amortization related to postretirement benefit plans:
Prior year service cost	$	(1,098	)
Unrecognized loss	(878		)
Total	$	(1,976	)	(a)
Tax	672			Provision for Income Taxes
Net of Tax	$	(1,304	)
Reclassifications for the period	$	599,814



Three Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	68,364
Other-than-temporary impairments	—
Total	$	68,364		Net realized gain on investment
Tax	(23,213		)	Provision for Income Taxes
Net of Tax	$	45,151
Amortization related to postretirement benefit plans:
Prior year service cost	$	(555	)
Unrecognized gain (loss)	—
Total	$	(555	)	(a)
Tax	189			Provision for Income Taxes
Net of Tax	$	(366	)
Reclassifications for the period	$	44,785



Six Months Ended June 30, 2015
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	932,012
Other-than-temporary impairments	(11,149		)
Total	$	920,863		Net realized gain on investment
Tax	(313,951		)	Provision for Income Taxes
Net of Tax	$	606,912
Amortization related to postretirement benefit plans:
Prior year service cost	$	(2,195	)
Unrecognized loss	(1,757		)
Total	$	(3,952	)	(a)
Tax	1,344			Provision for Income Taxes
Net of Tax	$	(2,608	)
Reclassifications for the period	$	604,304



Six Months Ended June 30, 2014
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Consolidated Statements of Income
Unrealized gains and losses on available-for-sale securities:
Net realized gain on investment	$	833,636
Other-than-temporary impairments	—
Total	$	833,636		Net realized gain on investment
Tax	(285,750		)	Provision for Income Taxes
Net of Tax	$	547,886
Amortization related to postretirement benefit plans:
Prior year service cost	$	(1,109	)
Unrecognized gain (loss)	—
Total	$	(1,109	)	(a)
Tax	377			Provision for Income Taxes
Net of Tax	$	(732	)
Reclassifications for the period	$	547,154

(a)

These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization and accretion related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 5.

Reserves For Claims Summary Of Transactions In Reserves For Claims (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Liability for Title Claims and Claims Adjustment Expense	$ 38,125,000	$ 36,677,000	$ 35,360,000
Provision, charged to operations	2,917,422	5,229,716
Payments of claims, net of recoveries	$ (1,469,422)	$ (3,912,716)

Reserves For Claims Summary Of The Company's Loss Reserves (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]
Known title claims	$ 5,692,307	$ 5,364,645
IBNR	32,432,693	31,312,355
Total loss reserves	$ 38,125,000	$ 36,677,000	$ 35,360,000
% of Known title claims	14.90%	14.60%
% of IBNR	85.10%	85.40%
% of Total loss reserves	100.00%	100.00%

Earnings Per Common Share And Share Awards (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Common Share And Share Awards [Line Items]
Incremental dilutive potential common shares, calculated using treasury stock method (in shares)	4,797	4,271	5,160	5,221
Anti-dilutive shares excluded from computation of diluted earnings per share	4,500	3,000	4,500	0
SARs and options vesting period			1 year
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			4,500	4,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]			$ 31.16	$ 28.98
Compensation expense relating to SARs or options vesting			$ 68,000	$ 55,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 105,000		$ 105,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			6 months
Number of stock options or SARs granted where exercise price was less than market price on date of grant			0	0
Minimum
Earnings Per Common Share And Share Awards [Line Items]
SARs and options expiration period			5 years
Annual rate at which stock appreciation rights and options are exercisable and vest			10.00%
Maximum
Earnings Per Common Share And Share Awards [Line Items]
Maximum shares of Company stock to be granted to key employees or directors			500,000
SARs and options expiration period			10 years
Annual rate at which stock appreciation rights and options are exercisable and vest			20.00%

Earnings Per Common Share And Share Awards Computation Of Basic And Diluted Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 4,120,497us-gaap_NetIncomeLoss	$ 3,373,598us-gaap_NetIncomeLoss	$ 5,846,621us-gaap_NetIncomeLoss	$ 4,360,036us-gaap_NetIncomeLoss	$ 9,648,975us-gaap_NetIncomeLoss
Weighted average common shares outstanding - Basic	2,004,698	2,034,931	2,008,718	2,036,047
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share settled)	4,797	4,271	5,160	5,221
Weighted average common shares outstanding - Diluted	2,009,495	2,039,202	2,013,878	2,041,268
Basic Earnings per Common Share	$ 2.06us-gaap_EarningsPerShareBasic	$ 1.66us-gaap_EarningsPerShareBasic	$ 2.91us-gaap_EarningsPerShareBasic	$ 2.14us-gaap_EarningsPerShareBasic
Diluted Earnings per Common Share	$ 2.05us-gaap_EarningsPerShareDiluted	$ 1.65us-gaap_EarningsPerShareDiluted	$ 2.90us-gaap_EarningsPerShareDiluted	$ 2.14us-gaap_EarningsPerShareDiluted

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Earnings Per Common Share And Share Awards Summary Of Share-Based Award Transactions (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, Options exercised	(1,500)	(1,000)
Share Based Compensation Arrangement By Share Based Payment Award, Options, Unvested, Number	3,375
Share Based Compensation Arrangement By Share Based Payment Award, Options, Unvested, Weighted Average Exercise Price	$ 73.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Options exercised	$ 36.79	$ 27.21
StockOptionsAndStockAppreciationRightsSARS [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, Outstanding Beginning Balance	21,000	19,000
Number Of Shares, Options/SARs cancelled/forfeited/expired	0	0
Number Of Shares, Outstanding Ending Balance	22,000	21,000	19,000
Number Of Shares, Exercisable as of June 30, 2015	18,625
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, Outstanding Beginning Balance	$ 51.30	$ 45.74
Weighted Average Exercise Price, Options/SARs cancelled/forfeited/expired	$ 0.00	$ 0.00
Weighted Average Exercise Price, Outstanding Ending Balance	$ 57.04	$ 51.30	$ 45.74
Weighted Average Exercise Price, Exercisable as of June 30, 2015	$ 54.15
Average Remaining Contractual Term, Outstanding Beginning Balance	4 years 5 months 4 days	3 years 7 months 20 days	3 years 5 months 4 days
Average Remaining Contractual Term, Outstanding Ending Balance	4 years 5 months 4 days	3 years 7 months 20 days	3 years 5 months 4 days
Average Remaining Contractual Term, Exercisable as of June 30, 2015	3 years 11 months 26 days
Share Based Compensation Arrangement By Share Based Payment Award, Options, Unvested, Weighted Average Remaining Contractual Term	6 years 10 months 20 days
Aggregate Intrinsic Value, Outstanding Beginning Balance	$ 453,510	$ 669,610
Aggregate Intrinsic Value, Outstanding Ending Balance	316,230	453,510	669,610
Aggregate Intrinsic Value, Exercisable as of June 30, 2015	316,230
Share Based Compensation Arrangement By Share Based Payment Award, Options, Unvested, Intrinsic Value	$ 0
SARs
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number Of Shares, SARs granted	4,500	4,500
Number Of Shares, Options exercised	(2,000)	(1,500)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Weighted Average Exercise Price, SARs granted	$ 73.00	$ 68.70
Weighted Average Exercise Price, Options exercised	$ 47.88	$ 49.04

Earnings Per Common Share And Share Awards Share Awards Share-Based Assumptions (Details)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years	6 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	40.70%	39.90%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.00%	2.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.40%	0.40%

Segment Information Selected Financial Information By Segment (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015 segment	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Number of reportable segments			1us-gaap_NumberOfReportableSegments
Insurance And Other Services Revenue	$ 33,425,156itic_InsuranceAndOtherServicesRevenue	$ 32,090,036itic_InsuranceAndOtherServicesRevenue	$ 60,534,123itic_InsuranceAndOtherServicesRevenue	$ 59,025,557itic_InsuranceAndOtherServicesRevenue
Investment income	1,131,487	1,039,435	2,309,526	2,065,851
Net realized gain (loss) on investments	925,164us-gaap_GainLossOnInvestments	92,082us-gaap_GainLossOnInvestments	939,967us-gaap_GainLossOnInvestments	584,219us-gaap_GainLossOnInvestments
Total Revenues	35,481,807us-gaap_Revenues	33,221,553us-gaap_Revenues	63,783,616us-gaap_Revenues	61,675,627us-gaap_Revenues
Operating expenses	29,695,310us-gaap_BenefitsLossesAndExpenses	28,542,509us-gaap_BenefitsLossesAndExpenses	55,627,995us-gaap_BenefitsLossesAndExpenses	55,640,068us-gaap_BenefitsLossesAndExpenses
Income (loss) before income taxes	5,786,497	4,679,044	8,155,621	6,035,559
Total assets	200,199,555us-gaap_Assets	191,252,374us-gaap_Assets	200,199,555us-gaap_Assets	191,252,374us-gaap_Assets	198,039,210us-gaap_Assets
Title Insurance
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	32,245,905	31,068,218	58,241,430	56,875,668
Investment income	1,010,243	937,692	2,061,018	1,866,204
Net realized gain (loss) on investments	899,588	92,920	913,967	530,528
Total Revenues	34,155,736	32,098,830	61,216,415	59,272,400
Operating expenses	28,614,932	27,590,537	53,212,403	53,315,465
Income (loss) before income taxes	5,540,804	4,508,293	8,004,012	5,956,935
Total assets	156,308,663	148,524,746	156,308,663	148,524,746
All Other
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	1,655,359	1,447,431	3,119,516	2,900,732
Investment income	144,578	125,077	295,176	246,315
Net realized gain (loss) on investments	25,576	(838)	26,000	53,691
Total Revenues	1,825,513	1,571,670	3,440,692	3,200,738
Operating expenses	1,539,065	1,360,164	3,207,573	3,040,604
Income (loss) before income taxes	286,448	211,506	233,119	160,134
Total assets	43,890,892	42,727,628	43,890,892	42,727,628
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Insurance And Other Services Revenue	(476,108)	(425,613)	(826,823)	(750,843)
Investment income	(23,334)	(23,334)	(46,668)	(46,668)
Net realized gain (loss) on investments	0	0	0	0
Total Revenues	(499,442)	(448,947)	(873,491)	(797,511)
Operating expenses	(458,687)	(408,192)	(791,981)	(716,001)
Income (loss) before income taxes	(40,755)	(40,755)	(81,510)	(81,510)
Total assets	$ 0	$ 0	$ 0	$ 0

Retirement Agreements And Other Postretirement Benefits (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost - benefits earned during the year	$ 4,187us-gaap_DefinedBenefitPlanServiceCost	$ 3,667us-gaap_DefinedBenefitPlanServiceCost	$ 8,374us-gaap_DefinedBenefitPlanServiceCost	$ 7,334us-gaap_DefinedBenefitPlanServiceCost
Interest cost on the projected benefit obligation	7,693us-gaap_DefinedBenefitPlanInterestCost	7,618us-gaap_DefinedBenefitPlanInterestCost	15,386us-gaap_DefinedBenefitPlanInterestCost	15,236us-gaap_DefinedBenefitPlanInterestCost
(Accretion) amortization of unrecognized prior service cost	1,098	555	2,195	1,109
Amortization of unrecognized losses	878	0	1,757	0
Net periodic benefits costs	13,856	11,840	27,712	23,679
Employee benefits and other payments	$ 7,662,000		$ 7,662,000		$ 7,111,000

- Definition

This represents the entire liability recognized in the balance sheet that is associated with the defined benefit pension plans.

+ References+ Details

Fair Value Measurement (Details) (USD $)	6 Months Ended	12 Months Ended
Fair Value Measurement (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Auction rate security bond par value	$ 1,000,000itic_AuctionRateSecurityBondParValue	$ 1,000,000itic_AuctionRateSecurityBondParValue
Percentage of auction rate security guaranteed	97.00%	97.00%
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of carrying value of auction rate securities	1.00%	1.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of carrying value of auction rate securities	4.00%	4.00%

Fair Value Measurement Schedule Of Assumptions Used To Determine Fair Value (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Cumulative probability of earning maximum rate until maturity	0.00%	0.00%
Cumulative probability of principle returned prior to maturity	95.20%	95.20%
Cumulative probability of default at some future point	4.80%	4.80%

Fair Value Measurement Schedule Of Fair Value Assets Measured On Recurring Basis (Details) (USD $)

Jun. 30, 2015

Dec. 31, 2014

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Short-term investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Short-term investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Short-term investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Short-term investments

Common Stock And Nonredeemable Preferred Stock

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity securities

38,237,742

39,254,981

Common Stock And Nonredeemable Preferred Stock | Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity securities

38,237,742

39,254,981

Common Stock And Nonredeemable Preferred Stock | Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity securities

0

Common Stock And Nonredeemable Preferred Stock | Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Equity securities

0

General Obligations Of U.S. States, Territories And Political Subdivisions

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

81,083,904

^[1]

85,780,755

^[1]

General Obligations Of U.S. States, Territories And Political Subdivisions | Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

0

^[1]

0

^[1]

General Obligations Of U.S. States, Territories And Political Subdivisions | Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

81,083,904

^[1]

85,780,755

^[1]

General Obligations Of U.S. States, Territories And Political Subdivisions | Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

0

^[1]

0

^[1]

Corporate Debt Securities

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

20,602,873

^[1]

23,267,535

^[1]

Corporate Debt Securities | Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

0

^[1]

0

^[1]

Corporate Debt Securities | Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

19,661,673

^[1]

22,328,435

^[1]

Corporate Debt Securities | Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fixed maturities

$ 941,200

^[1]

$ 939,100

^[1]

[1]	Denotes fair market value obtained from pricing services.

Fair Value Measurement Schedule Of Carrying Value And Fair Value Of Financial Assets Disclosed (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	$ 18,823,257	$ 15,826,515
Cost-basis investments	0	0
Accrued dividends and interest	1,039,031	1,063,837
Total	19,862,288	16,890,352
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	0	0
Cost-basis investments	0	0
Accrued dividends and interest	0	0
Total	0	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	0	0
Cost-basis investments	2,972,786	2,675,817
Accrued dividends and interest	0	0
Total	2,972,786	2,675,817
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	18,823,257	15,826,515
Cost-basis investments	2,574,394	2,516,608
Accrued dividends and interest	1,039,031	1,063,837
Total	22,436,682	19,406,960
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash	18,823,257	15,826,515
Cost-basis investments	2,972,786	2,675,817
Accrued dividends and interest	1,039,031	1,063,837
Total	$ 22,835,074	$ 19,566,169

Fair Value Measurement Schedule Of Fair Value Assets Measured At Unobservable Inputs Reconciliation (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance at January 1	$ 939,100	$ 935,700
Redemptions and sales	0	0
Realized gain - included in net realized gain on investments	0	0
Unrealized gain - included in other comprehensive income	2,100	3,400
Ending balance, net	$ 941,200	$ 939,100

Fair Value Measurement Schedule Of Estimated Fair Value Hierarchy Of Investments And Related Impairments Recognized (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	$ 0us-gaap_InvestmentsFairValueDisclosure	$ 22,682us-gaap_InvestmentsFairValueDisclosure
Total cost method investments, Impairment Losses	0	(10,062)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	0	22,682
Cost Method Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Method	Fair Value	Fair Value
Impaired	Yes	Yes
Total cost method investments, Total at Estimated Fair Value	0	22,682
Total cost method investments, Impairment Losses	0	(10,062)
Cost Method Investments \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	0	0
Cost Method Investments \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	0	0
Cost Method Investments \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cost method investments, Total at Estimated Fair Value	$ 0	$ 22,682

Investments In Securities (Details) (USD $)	6 Months Ended		12 Months Ended
Investments In Securities (Details) (USD $)	Jun. 30, 2015 security	Jun. 30, 2014	Dec. 31, 2014 security
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Available-for-sale securities	$ 26,207,630		$ 15,238,479
Unrealized losses	617,697		245,614
Number of securities with unrealized losses	39		25
Other-than-temporary impairment charges	11,149	0
Fixed Maturities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Available-for-sale securities	22,616,095		14,166,991
Unrealized losses	388,590		146,383
Equity Securities
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Available-for-sale securities	3,591,535		1,071,488
Unrealized losses	$ 229,107		$ 99,231

Investments In Securities (Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities) (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	$ 98,460,680	$ 104,421,050
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	31,548,653	35,215,247
Available-for-sale, at fair value, Gross Unrealized Gains	1,091,029	1,527,794
Available-for-sale, at fair value, Gross Unrealized Losses	93,303	19,542
Available-for-sale, at fair value, Estimated Fair Value	32,546,379	36,723,499
Special Revenue Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	46,920,424	46,707,033
Available-for-sale, at fair value, Gross Unrealized Gains	1,870,286	2,405,725
Available-for-sale, at fair value, Gross Unrealized Losses	253,185	55,502
Available-for-sale, at fair value, Estimated Fair Value	48,537,525	49,057,256
Number of Special Revenue Bonds	50	50
Corporate Debt Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	19,068,255	21,576,641
Available-for-sale, at fair value, Gross Unrealized Gains	635,520	823,133
Available-for-sale, at fair value, Gross Unrealized Losses	42,102	71,339
Available-for-sale, at fair value, Estimated Fair Value	19,661,673	22,328,435
Auction Rate Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	923,348	922,129
Available-for-sale, at fair value, Gross Unrealized Gains	17,852	16,971
Available-for-sale, at fair value, Gross Unrealized Losses	0	0
Available-for-sale, at fair value, Estimated Fair Value	941,200	939,100
Total Fixed Maturities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	98,460,680	104,421,050
Available-for-sale, at fair value, Gross Unrealized Gains	3,614,687	4,773,623
Available-for-sale, at fair value, Gross Unrealized Losses	388,590	146,383
Available-for-sale, at fair value, Estimated Fair Value	101,686,777	109,048,290
Common Stocks And Nonredeemable Preferred Stocks
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	24,495,731	24,128,753
Available-for-sale, at fair value, Gross Unrealized Gains	13,971,118	15,225,459
Available-for-sale, at fair value, Gross Unrealized Losses	229,107	99,231
Available-for-sale, at fair value, Estimated Fair Value	38,237,742	39,254,981
Equity Securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	24,495,731	24,128,753
Available-for-sale, at fair value, Gross Unrealized Gains	13,971,118	15,225,459
Available-for-sale, at fair value, Gross Unrealized Losses	229,107	99,231
Available-for-sale, at fair value, Estimated Fair Value	38,237,742	39,254,981
Certificates Of Deposit And Other
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	8,588,140	2,576,993
Available-for-sale, at fair value, Gross Unrealized Gains	0	0
Available-for-sale, at fair value, Gross Unrealized Losses	0	0
Available-for-sale, at fair value, Estimated Fair Value	8,588,140	2,576,993
Short-Term Investments
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-sale, at fair value, Amortized Cost	8,588,140	2,576,993
Available-for-sale, at fair value, Gross Unrealized Gains	0	0
Available-for-sale, at fair value, Gross Unrealized Losses	0	0
Available-for-sale, at fair value, Estimated Fair Value	$ 8,588,140	$ 2,576,993

Investments In Securities (Schedule Of Fixed Maturity Securities) (Details) (USD $)	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Due in one year or less, Amortized Cost	$ 11,016,521
Due after one year through five years, Amortized Cost	49,478,289
Due five years through ten years, Amortized Cost	35,820,980
Due after ten years, Amortized Cost	2,144,890
Total, Amortized Cost	98,460,680
Due in one year or less, Fair Value	11,138,998
Due after one year through five years, Fair Value	51,653,942
Due five years through ten years, Fair Value	36,308,071
Due after ten years, Fair Value	2,585,766
Total, Fair Value	$ 101,686,777

Investments In Securities (Schedule Of Gross Realized Gains And Losses On Securities) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			$ 945,563	$ 891,955
Total, Gross realized losses			(24,700)	(58,319)
Net realized gain from securities			920,863	833,636
Impairments of other investments			0itic_ImpairmentsOfOtherInvestments	(10,062)itic_ImpairmentsOfOtherInvestments
Gain on other investments			19,104itic_GainOnOtherInvestments	26,234itic_GainOnOtherInvestments
Loss On Other Investments			0itic_LossOnOtherInvestments	(265,589)itic_LossOnOtherInvestments
Total			19,104us-gaap_RealizedInvestmentGainsLosses	(249,417)us-gaap_RealizedInvestmentGainsLosses
Net realized gain on investments	925,164us-gaap_GainLossOnInvestments	92,082us-gaap_GainLossOnInvestments	939,967us-gaap_GainLossOnInvestments	584,219us-gaap_GainLossOnInvestments
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized losses			(12,319)	0
Issuer Obligations Of U S States Territories And Political Subdivisions Special Revenue [Member]
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized losses			(398)	0
Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			999	0
Common Stocks And Nonredeemable Preferred Stocks
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized gains			944,564	891,955
Total, Gross realized losses			(834)	(58,319)
Impairments of Debt And Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total, Gross realized losses			$ (11,149)	$ 0

Investments In Securities (Schedule Of Unrealized Losses On Investments) (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	$ 24,881,321	$ 13,914,809
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(542,550)	(176,003)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,326,309	1,323,670
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(75,147)	(69,611)
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(617,697)	(245,614)
Total temporarily impaired securities, Total Fair Value	26,207,630	15,238,479
General Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	4,054,855	2,113,194
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(93,303)	(19,542)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(93,303)	(19,542)
Total temporarily impaired securities, Total Fair Value	4,054,855	2,113,194
Special Revenue Obligations Of U.S. States, Territories And Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	11,421,246	3,946,977
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(225,274)	(13,453)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,186,944	1,182,390
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(27,911)	(42,049)
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(253,185)	(55,502)
Total temporarily impaired securities, Total Fair Value	12,608,190	5,129,367
Corporate Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	5,953,050	6,924,430
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(42,102)	(71,339)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(42,102)	(71,339)
Total temporarily impaired securities, Total Fair Value	5,953,050	6,924,430
Total Fixed Income Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	21,429,151	12,984,601
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(360,679)	(104,334)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	1,186,944	1,182,390
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(27,911)	(42,049)
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(388,590)	(146,383)
Total temporarily impaired securities, Total Fair Value	22,616,095	14,166,991
Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Total temporarily impaired securities, Less than 12 Months, Fair Value	3,452,170	930,208
Total temporarily impaired securities, Less than 12 Months, Unrealized Losses	(181,871)	(71,669)
Total temporarily impaired securities, 12 Months or Longer, Fair Value	139,365	141,280
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(47,236)	(27,562)
Total temporarily impaired securities, 12 Months or Longer, Unrealized Losses	(229,107)	(99,231)
Total temporarily impaired securities, Total Fair Value	$ 3,591,535	$ 1,071,488

Commitments And Contingencies (Details) (USD $)	6 Months Ended	12 Months Ended
Commitments And Contingencies (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Like-kind exchange deposits and reverse exchange property	126,373,000	82,477,000
Independence Title [Member]
Loss Contingencies [Line Items]
Net Premiums Written Percentage	16.00%	23.60%	16.40%

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets (Details) (USD $)	Jun. 30, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Other investments	$ 8,397,014us-gaap_OtherInvestments	$ 8,530,929us-gaap_OtherInvestments
Premiums and fees receivable	9,380,604us-gaap_PremiumsAndOtherReceivablesNet	8,544,183us-gaap_PremiumsAndOtherReceivablesNet
Title Insurance Agencies
Related Party Transaction [Line Items]
Other investments	5,823,000	6,014,000
Premiums and fees receivable	$ 903,000	$ 666,000

Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transaction [Line Items]
Net premiums written	$ 30,464,581us-gaap_PremiumsWrittenNet	$ 29,849,853us-gaap_PremiumsWrittenNet	$ 55,426,622us-gaap_PremiumsWrittenNet	$ 54,759,105us-gaap_PremiumsWrittenNet
Other income	2,960,575us-gaap_OtherIncome	2,240,183us-gaap_OtherIncome	5,107,501us-gaap_OtherIncome	4,266,452us-gaap_OtherIncome
Commissions to agents	16,898,691us-gaap_InsuranceCommissions	18,346,381us-gaap_InsuranceCommissions	31,495,230us-gaap_InsuranceCommissions	33,802,659us-gaap_InsuranceCommissions
Title Insurance Agencies
Related Party Transaction [Line Items]
Net premiums written	3,929,000	3,270,000	6,985,000	5,561,000
Other income	1,111,000	627,000	1,514,000	976,000
Commissions to agents	$ 2,718,000	$ 2,094,000	$ 4,850,000	$ 3,771,000

Acquisition (Details) (USD $)	0 Months Ended	3 Months Ended		0 Months Ended
Acquisition (Details) (USD $)	Apr. 02, 2012	Jun. 30, 2014	Jun. 30, 2013	May 21, 2014	Jun. 30, 2015	Dec. 31, 2014
70%
Business Acquisition [Line Items]
Payment period of purchase price	2 years
United Title Agency [Member]
Business Acquisition [Line Items]
Ownership percentage acquired	70.00%			30.00%
Business acquisition, remaining ownership interest	30.00%
Fair value of total consideration to be transferred	1,041,250
Fair value of consideration paid	350,000	341,250	350,000
Purchase price of acquisition	691,250
Fair value of the noncontrolling interest amount	446,250
Fair value of identifiable net assets	5,600
Accumulated amortization of intangible assets					226,473	191,631
Net intangible assets					1,255,427	1,290,269
United Title Agency [Member] \| 70%
Business Acquisition [Line Items]
Business acquisition, purchase price payment calculation period	24 months
Business Acquisition Purchase Price	1,041,250
United Title Agency [Member] \| 30%
Business Acquisition [Line Items]
Fair value of total consideration to be transferred				515,275
Business acquisition, purchase price payment calculation period	24 months
United Title Agency [Member] \| Non-Compete Contract
Business Acquisition [Line Items]
Intangible assets acquired	645,685
Intangible assets amortized period	10 years
United Title Agency [Member] \| Referral Relationships
Business Acquisition [Line Items]
Intangible assets acquired	836,215
Intangible assets amortized period	12 years

Acquisition Schedule of Effects of Changes in Parent Ownership Interest (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Combinations [Abstract]
Net Income (Loss) Attributable to Parent	$ 4,120,497us-gaap_NetIncomeLoss	$ 3,373,598us-gaap_NetIncomeLoss	$ 5,846,621us-gaap_NetIncomeLoss	$ 4,360,036us-gaap_NetIncomeLoss	$ 9,648,975us-gaap_NetIncomeLoss
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent			0		(114,320)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net			0		(114,320)
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Change Due to Net Income Attributable to Parent and Effects of Changes, Net			$ 5,846,621		$ 9,534,655

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Acquisition Reconciliation Of Total Redeemable Equity (Details) (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance at January 1	$ 0	$ 545,489	$ 545,489
Net income attributable to redeemable noncontrolling interest	0us-gaap_TemporaryEquityNetIncome		23,523us-gaap_TemporaryEquityNetIncome
Distributions to noncontrolling interest	0		(168,057)
Payments to Acquire Additional Interest in Subsidiaries	0	(515,275)	(515,275)
Redeemable noncontrolling interest resulting from subsidiary purchase	0	114,320	114,320
Balance, net	$ 0		$ 0

Accumulated Other Comprehensive Income Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 13,036,246	$ 11,350,871	$ 12,856,509	$ 11,347,404
Other comprehensive income before reclassifications	(1,412,635)	1,447,244	(1,228,408)	1,953,080
Amounts reclassified from accumulated other comprehensive income	(599,814)	(44,785)	(604,304)	(547,154)
Other comprehensive (loss) income	(2,012,449)	1,402,459	(1,832,712)	1,405,926
Ending balance	11,023,797	12,753,330	11,023,797	12,753,330
Unrealized Gains And Losses On Available-For-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	13,112,930	11,398,858	12,934,497	11,395,757
Other comprehensive income before reclassifications	(1,412,635)	1,447,244	(1,228,408)	1,953,080
Amounts reclassified from accumulated other comprehensive income	(601,118)	(45,151)	(606,912)	(547,886)
Other comprehensive (loss) income	(2,013,753)	1,402,093	(1,835,320)	1,405,194
Ending balance	11,099,177	12,800,951	11,099,177	12,800,951
Postretirement Benefits Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(76,684)	(47,987)	(77,988)	(48,353)
Other comprehensive income before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	1,304	366	2,608	732
Other comprehensive (loss) income	1,304	366	2,608	732
Ending balance	$ (75,380)	$ (47,621)	$ (75,380)	$ (47,621)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Accumulated Other Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gain on investment	$ 925,164us-gaap_GainLossOnInvestments	$ 92,082us-gaap_GainLossOnInvestments	$ 939,967us-gaap_GainLossOnInvestments	$ 584,219us-gaap_GainLossOnInvestments
Prior year service cost	1,098	555	2,195	1,109
Unrecognized loss	(878)	0	(1,757)	0
Income before Income Taxes	5,786,497	4,679,044	8,155,621	6,035,559
Tax	(1,666,000)us-gaap_IncomeTaxExpenseBenefit	(1,281,000)us-gaap_IncomeTaxExpenseBenefit	(2,309,000)us-gaap_IncomeTaxExpenseBenefit	(1,652,000)us-gaap_IncomeTaxExpenseBenefit
Net Income	4,120,497us-gaap_ProfitLoss	3,398,044us-gaap_ProfitLoss	5,846,621us-gaap_ProfitLoss	4,383,559us-gaap_ProfitLoss
Reclassification Out Of Accumulated Other Comprehensive Income
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net Income	599,814	44,785	604,304	547,154
Reclassification Out Of Accumulated Other Comprehensive Income \| Unrealized Gains And Losses On Available-For-Sale Securities
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Net realized gain on investment	923,209	68,364	932,012	833,636
Other-than-temporary impairments	(11,149)	0	(11,149)	0
Income before Income Taxes	912,060	68,364	920,863	833,636
Tax	(310,942)	(23,213)	(313,951)	(285,750)
Net Income	601,118	45,151	606,912	547,886
Reclassification Out Of Accumulated Other Comprehensive Income \| Postretirement Benefits Plans
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Prior year service cost	(1,098)	(555)	(2,195)	(1,109)
Unrecognized loss	(878)	0	(1,757)	0
Income before Income Taxes	(1,976)	(555)	(3,952)	(1,109)
Tax	672	189	1,344	377
Net Income	$ (1,304)	$ (366)	$ (2,608)	$ (732)

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References+ Details

itic-20150630