Revenues: Underwriting income: Premiums written (Note 5).. Net premiums written... Investment income-interest and dividends (Note 3)... Net realized gain on sales of investments (Note 3) ..... Total ...... Operating Expenses: Commissions to agents... Provision for claims (Note 6)... Salaries, employee benefits and payroll tenes {Notes 7 and 101. — Office occupancy and operations (Note 9)... Business development ... anes = Taxes, other than payroll ‘and i income, Premium and retaliatory taxes ... Professional fees .. Provision for equipment disposal... Other... Income Before Income Taxes (Note 13)............... Provision For income Taxes (Notes 8 and 13) oc = Net Income (Notes 7 and 12) .....n2n2m0n0mensaunumnnnnannunsnansnmsnsnannmmanumnnnnn Basic Earnings per Common Share (Note 7)....... Weighted Average Shares Outstanding - Basic 0. Diluted Earnings per Common Share (Note 7)... Weighted Average Shares Outstanding - Diluted... 2000 Less-premiums for reinsurance 5 coded (Note 5). ee 362,528 37,690,752 2,528,143 104,211 1,906,662 42,229,768 15,470,852 5,865,355 8,602,572 3,568,760 1,515,428 309,098 750,697 749,047 137,496 37,969,305 4,260,463 1,120,000 $ 3,140,463 $ 1.21 2,594,891 $s 1.21 2,601,283 1999 Ss 44,144,777 325,212 43,819,565 2,175,671 418,395 952,928 47,266,559 17,045,552 6,026,064 9,842,328 4,238,753 1,662,485 265,467 862,414 782,331 179,771 40,905,165 6,461,394 2,041,000 $ 4,420,394 $ 1.59 2,776,878 s 1.59 2,786,282 Ss 45,692,323 312,627 45,379,696 1,834,949 398,610 863,008 48,476,263 17,399,629 8,094,950 8,248,365 3,241,118 1,381,717 262,995 880,885 391,971 280,000 599,124 40,780,754 7,695,509 2,236,000 S$ 5,459,509 $ 1.95 2,806,267 s 1.92 2,841,035 Jor the Years Ended December 31, 2000, 1999 and 1998 Investors Title Company and Subsidiaries CONSOLIDATED STATEMENTS OF INCOME See notes to consolidated financial statements, Financial Statements  Consolidated Statements of Income  © Investors Title Company  6