8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

______________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934



February 17, 2011
_______________________________________________________
Date of Report (Date of earliest event reported)


INVESTORS TITLE COMPANY
_______________________________________________________
(Exact name of Registrant as specified in its charter)

North Carolina	0-11774	56-1110199
(State or Other Jurisdiction of	(Commission	(I.R.S. Employer
Incorporation or Organization)	File Number)	Identification No.)

121 North Columbia Street
Chapel Hill, North Carolina	27514
(Address of Principal Executive Offices)	(Zip Code)

(919) 968-2200
_____________________________________________________
Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition

Attached as Exhibit 99.1 and incorporated herein by reference is a copy of the press release of Investors Title Company, dated February 17, 2011, reporting Investors Title Company's financial results for the fiscal quarter ended December 31, 2010.

The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01.  Financial Statements and Exhibits

(c) Exhibits.  The following exhibit accompanies this Report:

Exhibit 99.1 – Press Release of Investors Title Company dated February 17, 2011.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		INVESTORS TITLE COMPANY
Date:	February 17, 2011	By:	/s/ James A. Fine, Jr.
			James A. Fine, Jr.
			President, Treasurer and
			Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release issued by Investors Title Company on February 17, 2011

EX-99.1

Exhibit 99.1

Investors Title Company Announces Fourth Quarter and Fiscal Year 2010 Results

CHAPEL HILL, N.C.--(BUSINESS WIRE)--February 17, 2011--Investors Title Company today announced its results for the fourth quarter and year ended December 31, 2010. For the quarter, net income increased to $2,368,550, or $1.04 per diluted share, compared with $309,300, or $0.14 per diluted share, for the prior year period. For the year, net income increased 32.0% to $6,372,626, or $2.78 per diluted share, compared with $4,828,779, or $2.10 per diluted share, for the prior year.

The increase in net income for the quarter was driven primarily by revenue growth and favorable claims experience. Higher levels of refinance activity led to a 53.7% increase in net premiums written. Operating expenses increased 28.9% to $18,641,944 versus the prior year period, primarily due to a 73.2% increase in commissions, commensurate with the increase in premium volumes and a greater contribution from agency business. The increase in commission expense was partially offset by lower claims expense. Despite the increase in premium volume, the provision for claims decreased 31.2% versus the prior year period due to a recovery of approximately $600,000 as well as favorable claims experience related to prior policy years.

The increase in net income for the year is due to reductions in claims expense and other operating expenses, as well as realized gains on investments, partially offset by a higher effective income tax rate compared with 2009. While total revenues were flat versus 2009, operating expenses decreased 4.1% to $62,693,729. The higher effective income tax rate is attributable to a change in the mix of tax-exempt investment income relative to the prior year.

Chairman J. Allen Fine added, “We are pleased to report a substantial improvement in operating results for 2010. Net premiums written in the second half of the year increased 41.7% over the first half from an increase in refinance activity as well as contributions from new agents. Operating expenses were favorable compared with the prior year due to continued improvement in our claims loss rate as well as reductions in other operating expense categories. Our balance sheet and financial condition remain very strong, and we continue to enhance our competitive strengths and market position by emphasizing operational efficiency and the expansion of our agency base.”

Investors Title Company is engaged through its subsidiaries in the business of issuing and underwriting title insurance policies. The Company also provides investment management services to individuals, companies, banks and trusts, as well as services in connection with tax-deferred exchanges of like-kind property.

Certain statements contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among other statements, any predictions regarding activity in the U.S. real estate market, future enhancement of our operational efficiency or agency base expansion. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from anticipated and historical results. Such risks and uncertainties include, without limitation: cyclical demand for title insurance due to changes in the residential and commercial real estate markets; the occurrence of fraud, defalcation or misconduct; variances between actual claims experience and underwriting and reserving assumptions; declines in the performance of the Company’s investments; government regulation; and other considerations set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009, as filed with the Securities and Exchange Commission, and in subsequent filings.

Investors Title Company and Subsidiaries
Consolidated Statements of Income
For the Three and Twelve Months Ended December 31, 2010 and 2009
(Unaudited)
		Three Months Ended					Twelve Months Ended
		December 31					December 31
		2010		2009			2010		2009
Revenues:
Underwriting income:
Premiums Written	$	19,367,125	$	12,587,939		$	61,664,348	$	62,250,774
Less-premiums for reinsurance ceded		79,331		37,511			201,907		95,523
Net premiums written		19,287,794		12,550,428			61,462,441		62,155,251
Investment income-interest and dividends		913,950		921,045			3,671,178		3,783,116
Net realized gain (loss) on investments		348,608		(97,329	)		654,674		(498,089	)
Other		1,681,142		1,268,431			5,521,062		5,867,882
Total Revenues		22,231,494		14,642,575			71,309,355		71,308,160
Operating Expenses:
Commissions to agents		10,481,297		6,052,270			31,189,207		29,254,311
Provision for claims		1,190,725		1,731,724			4,435,066		8,465,123
Salaries, employee benefits and payroll taxes		4,510,829		4,326,490			17,695,956		18,189,483
Office occupancy and operations		897,072		1,041,088			3,935,563		4,333,579
Business development		582,473		469,748			1,544,588		1,398,057
Filing fees, franchise and local taxes		38,602		24,603			573,075		571,677
Premium and retaliatory taxes		359,745		255,177			1,279,400		1,268,301
Professional and contract labor fees		472,438		379,758			1,511,283		1,362,706
Other		108,763		185,417			529,591		549,144
Total Operating Expenses		18,641,944		14,466,275			62,693,729		65,392,381
Income Before Income Taxes		3,589,550		176,300			8,615,626		5,915,779
Provision (Benefit) For Income Taxes		1,221,000		(133,000	)		2,243,000		1,087,000
Net Income	$	2,368,550	$	309,300		$	6,372,626	$	4,828,779
Basic Earnings Per Common Share	$	1.04	$	0.14		$	2.79	$	2.11
Weighted Average Shares Outstanding - Basic		2,283,513		2,285,991			2,284,657		2,291,816
Diluted Earnings Per Common Share	$	1.04	$	0.14		$	2.78	$	2.10
Weighted Average Shares Outstanding - Diluted		2,287,201		2,288,814			2,289,847		2,299,429

Investors Title Company and Subsidiaries
Consolidated Balance Sheets
As of December 31, 2010 and 2009
(Unaudited)
		December 31, 2010		December 31, 2009
Assets
Investments in securities:
Fixed maturities:
Held-to-maturity, at amortized cost	$	-	$	2,000
Available-for-sale, at fair value		86,033,557		88,801,186
Equity securities, available-for-sale, at fair value		13,872,370		11,854,301
Short-term investments		27,203,550		20,717,434
Other investments		2,888,958		2,307,220
Total investments		129,998,435		123,682,141
Cash and cash equivalents		8,117,031		8,733,221
Premiums and fees receivable, net		7,253,786		5,170,476
Accrued interest and dividends		1,150,602		1,122,806
Prepaid expenses and other assets		2,688,723		1,815,653
Property acquired in settlement of claims		127,938		175,476
Property, net		3,672,317		3,894,724
Deferred income taxes, net		476,534		1,833,207
Total Assets	$	153,485,366	$	146,427,704
Liabilities and Stockholders' Equity
Liabilities:
Reserves for claims	$	38,198,700	$	39,490,000
Accounts payable and accrued liabilities		10,301,495		9,008,337
Current income taxes payable		1,056,356		670,290
Total liabilities		49,556,551		49,168,627
Stockholders' Equity:
Common stock - no par value (shares authorized 10,000,000; 2,282,596 and 2,285,289 shares issued and outstanding as of December 31, 2010 and 2009, respectively, excluding 291,676 shares for 2010 and 2009 of common stock held by the Company's subsidiary)		1		1
Retained earnings		98,240,109		92,528,818
Accumulated other comprehensive income		5,688,705		4,730,258
Total stockholders' equity		103,928,815		97,259,077
Total Liabilities and Stockholders' Equity	$	153,485,366	$	146,427,704

Investors Title Company and Subsidiaries
Net Premiums Written By Branch and Agency
For the Three and Twelve Months Ended December 31, 2010 and 2009
(Unaudited)
	Three Months Ended						Twelve Months Ended
	December 31						December 31
		2010	%		2009	%		2010	%		2009	%
Branch	$	4,920,512	25.5	$	4,093,859	32.6	$	17,961,144	29.2	$	21,474,082	34.5
Agency		14,367,282	74.5		8,456,569	67.4		43,501,297	70.8		40,681,169	65.5
Total	$	19,287,794	100.0	$	12,550,428	100.0	$	61,462,441	100.0	$	62,155,251	100.0

CONTACT:
Investors Title Company
Elizabeth B. Lewter, 919-968-2200