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INVESTORS TITLE ANNOUNCES RESULTS

 INVESTORS TITLE ANNOUNCES RESULTS
 CHAPEL HILL, N.C., May 15 /PRNewswire/ -- J. Allen Fine, President


and Chairman of the Board of Investors Title Company (NASDAQ-NMS: ITIC), announced that for the three months ended March 31, 1992, premiums written increaseed 64 percent from $1,892,362 to $3,094,948, revenues increased 58 percent from $2,109,658 to $3,333,089, net income increased 8 percent from $292,434 to $315,784, and investment income decreased 7 percent from $219,302 to $204,481 all compared to the same quarter in 1991. Net income per share totaled $.11 for the first quarter, an increase of 10 percent from the first quarter last year.
 "A generally improving economy, heavy refinancing activity and higher market share all came together to greatly improve our premiums written," Fine said.
 Investors Title Company is a publicly held North Carolina Company whose stock is traded on the NASDAQ National Market (Symbol: ITIC). The Company's two title insurance subsidiaries write title insurance in the states of North Carolina, South Carolina, Virginia, Tennessee, Illinois, Oklahoma, New York, Florida, Pennsylvania, Louisiana and Indiana.
 Another subsidiary, Investors Title Exchange Corporation, provides assistance to attorneys and certified public accountants in structuring delayed tax-free exchanges for their clients.
 -0- 5/15/92
 /CONTACT: Glenda H. Oxendine, Investors Title Company, 919-968-2200/
 (ITIC) CO: Investors Title Company ST: North Carolina IN: INS SU: ERN


CM -- CH005 -- 0731 05/15/92 12:03 EDT
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Publication:PR Newswire
Date:May 15, 1992
Words:239
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