8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.  20549

FORM 8-K

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

May 6, 2013

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 May 6, 2013, reporting Investors Title Company's financial results for the fiscal quarter ended March 31, 2013.

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 May 6, 2013.

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:	May 6, 2013	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 May 6, 2013

EX-99.1

Exhibit 99.1

Investors Title Company Announces First Quarter 2013 Financial Results

CHAPEL HILL, N.C.--(BUSINESS WIRE)--May 6, 2013--Investors Title Company today announced its results for the quarter ended March 31, 2013. The Company reported net income of $3,376,730, or $1.62 per diluted share, compared with $1,432,139, or $0.67 per diluted share, for the prior year period.

The Company achieved record first quarter revenues totaling $26,848,273, an increase of 19.8% versus the prior year period, resulting from a 21.7% increase in net premiums written. Historically low interest rates continue to help drive increases in mortgage lending activity. Various new premium charges and rate increases which became effective during the preceding twelve months also contributed to the increase.

Operating expenses increased 8.0% versus the prior year period, primarily due to increases in commissions to agents and payroll expense. Commissions to agents increased commensurate with the increase in agency premiums. The increase in payroll expense was largely driven by higher staffing levels to support ongoing software development initiatives. Positive legal developments in several claim matters, coupled with a significant current quarter recovery of a claim payment made in a prior period, contributed to a benefit in the claims provision during the quarter. In addition, claims experience for several recent policy years continued to emerge favorably in comparison with prior expectations.

Chairman J. Allen Fine added, “We are pleased to see continued strength in mortgage lending activity. Premiums written from purchase transactions increased substantially versus the prior year period, while the level of refinance activity has trended slightly downward. Positive revenue trends, coupled with favorable claims experience, led to very strong results for the first quarter.”

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 future agency base expansion or increasing operational efficiency. 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: the 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, 2012, as filed with the Securities and Exchange Commission, and in subsequent filings.

Investors Title Company and Subsidiaries
Consolidated Statements of Income
For the Three Months Ended March 31, 2013 and 2012
(Unaudited)
		Three Months Ended
		March 31
		2013		2012
Revenues:
Net premiums written	$	23,925,997		$	19,667,420
Investment income - interest and dividends		920,485			977,261
Net realized gain on investments		16,344			192,881
Other		1,985,447			1,576,712
Total Revenues		26,848,273			22,414,274
Operating Expenses:
Commissions to agents		13,489,431			11,192,127
(Benefit) provision for claims		(389,058	)		1,631,359
Salaries, employee benefits and payroll taxes		6,149,661			4,990,632
Office occupancy and operations		1,048,665			927,038
Business development		425,033			393,447
Filing fees, franchise and local taxes		180,570			351,922
Premium and retaliatory taxes		440,523			414,794
Professional and contract labor fees		614,443			400,537
Other		137,587			167,279
Total Operating Expenses		22,096,855			20,469,135
Income Before Income Taxes		4,751,418			1,945,139
Provision For Income Taxes		1,365,000			513,000
Net Income		3,386,418			1,432,139
Less: Net Income Attributable to Redeemable Noncontrolling Interests		(9,688	)		-
Net Income Attributable to the Company	$	3,376,730		$	1,432,139
Basic Earnings Per Common Share	$	1.65		$	0.68
Weighted Average Shares Outstanding - Basic		2,044,801			2,100,835
Diluted Earnings Per Common Share	$	1.62		$	0.67
Weighted Average Shares Outstanding - Diluted		2,083,999			2,128,788

Investors Title Company and Subsidiaries
Consolidated Balance Sheets
As of March 31, 2013 and December 31, 2012
(Unaudited)
		March 31, 2013		December 31, 2012
Assets
Investments in securities:
Fixed maturities, available-for-sale, at fair value	$	77,498,573	$	81,936,978
Equity securities, available-for-sale, at fair value		30,809,436		28,510,933
Short-term investments		19,839,497		13,567,648
Other investments		6,941,042		6,763,100
Total investments		135,088,548		130,778,659
Cash and cash equivalents		20,501,601		20,810,018
Premiums and fees receivable, net		9,404,229		11,037,714
Accrued interest and dividends		882,517		1,037,447
Prepaid expenses and other assets		4,521,774		4,651,115
Property, net		3,737,380		3,603,323
Total Assets	$	174,136,049	$	171,918,276
Liabilities and Stockholders' Equity
Liabilities:
Reserves for claims	$	38,308,000	$	39,078,000
Accounts payable and accrued liabilities		12,929,995		15,477,545
Current income taxes payable		374,766		1,336,824
Deferred income taxes, net		2,516,444		893,156
Total liabilities		54,129,205		56,785,525
Redeemable Noncontrolling Interest		503,549		493,861
Stockholders' Equity:
Common stock - no par value (shares authorized 10,000,000; 2,045,968 and 2,043,359 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively, excluding 291,676 shares for 2013 and 2012 of common stock held by the Company's subsidiary)		1		1
Retained earnings		109,125,314		105,820,459
Accumulated other comprehensive income		10,377,980		8,818,430
Total stockholders' equity		119,503,295		114,638,890
Total Liabilities and Stockholders' Equity	$	174,136,049	$	171,918,276

Investors Title Company and Subsidiaries
Net Premiums Written By Branch and Agency
For the Three Months Ended March 31, 2013 and 2012
(Unaudited)
	Three Months Ended
	March 31
	2013		%	2012		%
Branch	$	5,783,629	24.2	$	4,822,792	24.5
Agency		18,142,368	75.8		14,844,628	75.5
Total	$	23,925,997	100.0	$	19,667,420	100.0

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