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

August 5, 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 August 5, 2013, reporting Investors Title Company's financial results for the fiscal quarter ended June 30, 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 August 5, 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:	August 5, 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 August 5, 2013

EX-99.1

Exhibit 99.1

Investors Title Company Announces Second Quarter 2013 Results

CHAPEL HILL, N.C.--(BUSINESS WIRE)--August 5, 2013--Investors Title Company announced its results for the second quarter ended June 30, 2013. Net income attributable to the Company increased 19.6% to $4,005,675, or $1.92 per diluted share, compared with $3,349,488, or $1.57 per diluted share, for the prior year quarter.

Revenues increased 29.2% to $33,693,400 versus the prior year quarter, primarily due to a 30.9% increase in net premiums written. The premium growth reflects substantially higher levels of purchase transactions, as well as increases in average home values in many parts of the nation, driven by improvements in the overall economy. Refinance volume was also up slightly as interest rates remained near historically low levels.

Operating expenses increased 29.6% to $27,823,350 versus the prior year quarter, primarily due to increases in agent commissions and other variable expenses which fluctuate with premium volumes. Claims expense was higher than the prior year quarter, but both periods were abnormally low due to adjustments for favorable loss development. Favorable claims expense trends are also impacted by the absence of large fraud-related claims in recent years, as well as an increase in business in states with historically lower loss provision rates. The increase in payroll expense was largely driven by higher staffing levels to support ongoing software development initiatives.

For the six months ended June 30, 2013, net income attributable to the Company increased 54.4% to $7,382,405, or $3.54 per diluted share, compared with $4,781,627, or $2.24 per diluted share, for the prior year period. Revenues increased 24.8% to $60,541,673 and operating expenses increased 19.1% to $49,920,205 versus the prior year period. Results for the first half of the year have been shaped predominantly by the same factors that affected the second quarter.

Chairman J. Allen Fine added, “After a lengthy period of sluggishness in the economy, we are pleased to see the recent increase in home sales, as well as a developing trend of overall increases in real estate prices. Both of these factors, coupled with an active mortgage refinance market, contributed to all-time high revenue for the second quarter. With housing affordability still favorable and consumer confidence improving, we are optimistic that recent trends in home sales will continue. Over the long term, we remain focused on enhancing our competitive strengths and capitalizing on opportunities to profitably expand our market presence.”

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 and Six Months Ended June 30, 2013 and 2012
(Unaudited)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2013			2012			2013			2012
Revenues:
Net premiums written	$	30,429,761		$	23,241,570		$	54,355,758		$	42,908,990
Investment income - interest and dividends		925,047			1,009,918			1,845,532			1,987,179
Net realized gain on investments		55,272			65,148			71,616			258,029
Other		2,283,320			1,763,689			4,268,767			3,340,401
Total Revenues		33,693,400			26,080,325			60,541,673			48,494,599
Operating Expenses:
Commissions to agents		17,608,789			12,650,817			31,098,220			23,842,944
Provision for claims		996,870			361,107			607,812			1,992,466
Salaries, employee benefits and payroll taxes		6,248,492			5,489,107			12,398,153			10,479,739
Office occupancy and operations		1,011,050			1,037,835			2,059,715			1,964,873
Business development		453,653			404,718			878,686			798,165
Filing fees, franchise and local taxes		188,950			181,330			369,520			533,252
Premium and retaliatory taxes		530,524			474,486			971,047			889,280
Professional and contract labor fees		560,146			706,690			1,174,589			1,107,227
Other		224,876			154,534			362,463			321,813
Total Operating Expenses		27,823,350			21,460,624			49,920,205			41,929,759
Income Before Income Taxes		5,870,050			4,619,701			10,621,468			6,564,840
Provision For Income Taxes		1,846,000			1,247,000			3,211,000			1,760,000
Net Income		4,024,050			3,372,701			7,410,468			4,804,840
Less: Net Income Attributable to Redeemable Noncontrolling Interest		(18,375	)		(23,213	)		(28,063	)		(23,213	)
Net Income Attributable to the Company	$	4,005,675		$	3,349,488		$	7,382,405		$	4,781,627
Basic Earnings Per Common Share	$	1.94		$	1.60		$	3.59		$	2.28
Weighted Average Shares Outstanding - Basic		2,063,797			2,098,666			2,054,300			2,099,751
Diluted Earnings Per Common Share	$	1.92		$	1.57		$	3.54		$	2.24
Weighted Average Shares Outstanding - Diluted		2,089,674			2,132,732			2,087,229			2,131,164

Investors Title Company and Subsidiaries
Consolidated Balance Sheets
As of June 30, 2013 and December 31, 2012
(Unaudited)
		June 30, 2013		December 31, 2012
Assets:
Investments in securities:
Fixed maturities, available-for-sale, at fair value	$	75,228,040	$	81,936,978
Equity securities, available-for-sale, at fair value		31,208,595		28,510,933
Short-term investments		16,078,465		13,567,648
Other investments		7,216,155		6,763,100
Total investments		129,731,255		130,778,659
Cash and cash equivalents		26,402,136		20,810,018
Premiums and fees receivable, net		10,807,083		11,037,714
Accrued interest and dividends		915,703		1,037,447
Prepaid expenses and other assets		8,053,251		4,651,115
Property, net		3,844,487		3,603,323
Current income taxes receivable		771,419		-
Total Assets	$	180,525,334	$	171,918,276
Liabilities and Stockholders' Equity
Liabilities:
Reserves for claims	$	38,767,000	$	39,078,000
Accounts payable and accrued liabilities		16,825,629		15,477,545
Current income taxes payable		-		1,336,824
Deferred income taxes, net		2,647,827		893,156
Total liabilities		58,240,456		56,785,525
Redeemable Noncontrolling Interest		485,025		493,861
Stockholders' Equity:
Common stock - no par value (shares authorized 10,000,000;   2,073,648 and 2,043,359 shares issued and outstanding as of June 30, 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		112,538,851		105,820,459
Accumulated other comprehensive income		9,261,001		8,818,430
Total stockholders' equity		121,799,853		114,638,890
Total Liabilities and Stockholders' Equity	$	180,525,334	$	171,918,276

Investors Title Company and Subsidiaries
Net Premiums Written By Branch and Agency
For the Three and Six Months Ended June 30, 2013 and 2012
(Unaudited)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013		%	2012		%	2013		%	2012		%
Branch	$	7,332,764	24.1	$	6,164,038	26.5	$	13,116,393	24.1	$	10,986,830	25.6
Agency		23,096,997	75.9		17,077,532	73.5		41,239,365	75.9		31,922,160	74.4
Total	$	30,429,761	100.0	$	23,241,570	100.0	$	54,355,758	100.0	$	42,908,990	100.0

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