40 unchanged sentences
Total 24,175 $ 170.67 204,750
−Removed: (a) Includes 1,500 shares issuable upon exercise of outstanding stock appreciation rights (“SARs”) under the 2009 Stock Appreciation Rights Plan (the “2009 Plan”), and 26,675 shares issuable upon exercise of SARs under the 2019 Stock Appreciation Rights Plan (the “2019 Plan”).
+Added: (a) Includes 24,175 shares issuable upon exercise of SARs under the 2019 Stock Appreciation Rights Plan (the “2019 Plan”).
(b) Includes shares remaining for future issuance under the 2019 Plan.
−Removed: The 2009 Plan expired in March 2019.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
49 unchanged sentences
Incorporated by reference to Exhibit 10.14 to Form 10-K for the year ended December 31, 2008, File No.
−Removed: 10.3(a)* 2009 Stock Appreciation Right Plan effective March 2, 2009
−Removed: Incorporated by reference to Appendix A to the Proxy Statement dated May 26, 2009, File No.
−Removed: 10.3(b)* Form of Stock Appreciation Rights Agreement under 2009 Stock Appreciation Right Plan
−Removed: Incorporated by reference to Exhibit 10 to Form 10-Q for the quarter ended June 30, 2011, File No.
10.3(a)* 2019 Stock Appreciation Rights Plan effective March 11, 2019
50 unchanged sentences
Government obligations
−Removed: $ 300 $ 301 $ 301
General obligations of U.S.
29 unchanged sentences
Fixed maturity securities, available-for-sale, at fair value
+Added: 50,067 49,768
Equity securities, at fair value
5 unchanged sentences
Prepaid expenses and other receivables 2,109 1,571
−Removed: Current income taxes receivable 3,210 1,293
+Added: Current income taxes recoverable 3,143 3,210
Accrued interest and dividends 558 599
24 unchanged sentences
Gains on disposals of property — 184 194
−Removed: Miscellaneous income (loss) 7 ( 36 )
+Added: Miscellaneous (loss) income ( 50 ) 7 ( 36 )
Total Revenues 4,093 5,489 4,609
20 unchanged sentences
Net income $ 35,180 $ 31,073 $ 21,686
−Removed: Adjustments to reconcile net income to net cash provided by operating activities:
+Added: Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Equity in net earnings of subsidiaries ( 36,318 ) ( 29,525 ) ( 19,670 )
5 unchanged sentences
Net realized losses on other investments 325 309 21
−Removed: Provision (benefit) for deferred income taxes 515 ( 433 )
−Removed: Decrease (increase) in receivables 3,325 ( 1,652 )
−Removed: (Increase) decrease in current income taxes receivable ( 1,917 ) 1,506
−Removed: (Increase) decrease in other assets ( 407 ) 3,204
+Added: Net earnings on other investments 4 — —
+Added: (Benefit) provision for deferred income taxes ( 5 ) 515 ( 433 )
+Added: (Increase) decrease in receivables ( 538 ) 3,325 ( 1,652 )
+Added: Decrease (increase) in current income taxes recoverable 67 ( 1,917 ) 1,506
+Added: Decrease (increase) in other assets 41 ( 407 ) 3,204
Decrease in accounts payable and accrued liabilities ( 107 ) ( 696 ) ( 1,326 )
−Removed: Net cash provided by operating activities 407 911
+Added: Net cash (used in) provided by operating activities ( 1,552 ) 407 911
Investing Activities
49 unchanged sentences
$ — $ 37,060 $ — $ 774 $ 204,264 $ 12,939 $ 4,530 $ — $ 214,305 N/A
+Added: Year Ended December 31, 2023 (in thousands)
+Added: Insurance $ — $ 37,147 $ — $ 804 $ 171,158 $ ( 2,926 ) $ 4,762 $ — $ 182,571 N/A
+Added: All Other — — — — — 3,550 — — 11,187 N/A
+Added: $ — $ 37,147 $ — $ 804 $ 171,158 $ 624 $ 4,762 $ — $ 193,758 N/A
INVESTORS TITLE COMPANY AND SUBSIDIARIES
5 unchanged sentences
Title Insurance $ 204,353 $ 89 $ — $ 204,264 — %
+Added: Year Ended December 31, 2023 (in thousands)
+Added: Title Insurance $ 171,512 $ 354 $ — $ 171,158 — %
INVESTORS TITLE COMPANY AND SUBSIDIARIES
11 unchanged sentences
Reserves for claims $ 37,147 $ 4,530 $ — $ ( 4,617 ) (b) $ 37,060
+Added: 2023 (in thousands)
+Added: Premiums receivable:
+Added: Valuation provision $ 159 $ 773 $ — $ ( 844 ) (a) $ 88
+Added: Reserves for claims $ 37,192 $ 4,762 $ — $ ( 4,807 ) (b) $ 37,147
(a) Canceled premiums
17 unchanged sentences
Secretary and Director
−Removed: Francis /s/ Richard M.
−Removed: Francis, Director Richard M.
+Added: /s/ Joseph B.
+Added: Dempster, Jr.
+Added: /s/ Richard M.
+Added: Dempster, Jr., Director Richard M.
Hutson II, Director
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.