Table of Contents  Letter to Shareholders ..................................................................................................................... 3  Financial Statements: ...................................................................................................................... 6  Consolidated Statements of Income........................................................................................ 6  Consolidated Balance Sheets .................................................................................................. 7  Consolidated Statements of Stockholder’ s Equity.................................................................. 8  Consolidated Statements of CashFlows.................................................................................. 9  MD&A .......................................................................................................................................... 10  Financial Highlights:..................................................................................................................... 19  Selected Quarterly Data: ............................................................................................................... 19  Historical Data: ............................................................................................................................. 20  ©  Investors Title Company  2