INVESTORS TITLE CO

GENERAL Investors Title Company is a holding company that operates through its subsidiaries. Incorporated in North Carolina in 1973, the Company became operational in 1976 upon acquiring Investors Title Insurance Company (ITIC), which had been operating since 1972. In 1983, it acquired National Investors Title Insurance Company (NITIC), formerly Northeast Investors Title Insurance Company, which had been operating since 1973. The Company has two reportable segments. Its primary business is the issuance of residential and commercial title insurance through ITIC and NITIC. The second segment provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC). Additionally, the Company provides management services to title insurance agencies through Investors Title Management Services (ITMS), and investment management and trust services to individuals, trusts, and other entities through Investors Trust Company (Investors Trust). Through ITIC and NITIC, the Company underwrites title insurance for owners and mortgagees as a primary insurer.