"Our financial position distinguishes us among our peers and is critical for our continued leadership, providing our business partners and policyholders the highest level of confidence in the value of our insurance product. Furthermore, our strong balance sheet provides the flexibility to balance profitable growth with stakeholder protection during the ebbs and flows of the business cycle."
Investors Title Company, a holding company incorporated in North Carolina in 1973, is the parent company of two wholly owned title insurance underwriting subsidiaries: Investors Title Insurance Company (“ITIC”) and National Investors Title Insurance Company (“NITIC”). The Company’s primary business activity is the issuance of residential and commercial title insurance through ITIC and NITIC.
The Company became operational in 1976 when it acquired ITIC as a wholly owned subsidiary under a plan of exchange of shares of common stock. ITIC has been operating since 1972. In 1983, the Company acquired NITIC, formerly Northeast Investors Title Insurance Company, under a plan of exchange of shares of common stock. NITIC has been operating since 1973.
Additionally, the Company provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (“ITEC”) and Investors Title Accommodation Corporation (“ITAC”); investment management and trust services to individuals, trusts, and other entities through its subsidiary, Investors Trust Company (“Investors Trust”); and management services to title insurance agencies through its subsidiary, Investors Title Management Services (“ITMS”).