<SEC-DOCUMENT>0001157523-19-001702.txt : 20190805
<SEC-HEADER>0001157523-19-001702.hdr.sgml : 20190805
<ACCEPTANCE-DATETIME>20190805083120
ACCESSION NUMBER:		0001157523-19-001702
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190805
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190805
DATE AS OF CHANGE:		20190805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTORS TITLE CO
		CENTRAL INDEX KEY:			0000720858
		STANDARD INDUSTRIAL CLASSIFICATION:	TITLE INSURANCE [6361]
		IRS NUMBER:				561110199
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11774
		FILM NUMBER:		19997637

	BUSINESS ADDRESS:	
		STREET 1:		121 N COLUMBIA ST
		STREET 2:		P O DRAWER 2687
		CITY:			CHAPEL HILL
		STATE:			NC
		ZIP:			27514
		BUSINESS PHONE:		9199682200

	MAIL ADDRESS:	
		STREET 1:		121 NORTH COLUMBIA STREET
		CITY:			CHAPEL HILL
		STATE:			NC
		ZIP:			27514
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52042998.htm
<DESCRIPTION>INVESTORS TITLE COMPANY 8-K
<TEXT>
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    <div style="text-align: center; font-size: 16pt; font-weight: bold;">UNITED STATES<a name="Cover_Page"></a></div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 14pt;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
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    <div>&#160;</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 45.74%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">August 5, 2019</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center;">Date of Report (Date of earliest event reported)</div>
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          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; font-size: 16pt; font-weight: bold;">Investors Title Company</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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          <td colspan="2" style="width: 27.04%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">North Carolina</div>
          </td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.7%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">0-11774</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="width: 27.22%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">56-1110199</div>
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            <div style="text-align: center;">(State or Other Jurisdiction of</div>
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            <div style="text-align: center;">(Commission</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="width: 27.22%; vertical-align: bottom;">
            <div style="text-align: center;">(I.R.S. Employer</div>
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          <td colspan="2" style="width: 27.04%; vertical-align: bottom;">
            <div style="text-align: center;">Incorporation or Organization)</div>
          </td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.7%; vertical-align: bottom;">
            <div style="text-align: center;">File Number)</div>
          </td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="width: 27.22%; vertical-align: bottom;">
            <div style="text-align: center;">Identification No.)</div>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">121 North Columbia Street</div>
          </td>
          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
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          <td colspan="3" style="width: 40.56%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Chapel Hill, North Carolina</div>
          </td>
          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 40.74%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">27514</div>
          </td>
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          <td colspan="3" style="width: 40.56%; vertical-align: bottom;">
            <div style="text-align: center;">(Address of Principal Executive Offices)</div>
          </td>
          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 40.74%; vertical-align: bottom;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 18.7%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 45.74%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">(919) 968-2200</div>
          </td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 45.74%; vertical-align: bottom;">
            <div style="text-align: center;">Registrant's telephone number, including area code</div>
          </td>
          <td style="width: 13.52%; vertical-align: bottom;">&#160;</td>
          <td style="width: 13.7%; vertical-align: bottom;">&#160;</td>
        </tr>

    </table>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;">&#9744;&#160; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9744;&#160; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9744;&#160; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify; text-indent: 18pt;">&#9744;&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 41.67%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.81%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 41.67%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
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        <tr>
          <td style="width: 41.67%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 8pt;">Common Stock, no par value</div>
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          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.81%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 8pt;">ITIC</div>
          </td>
          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 41.67%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 8pt;">The NASDAQ Stock Market LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.67%; vertical-align: bottom;">
            <div style="text-align: center; font-size: 8pt;">Rights to Purchase Series A Junior Participating Preferred Stock</div>
          </td>
          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 14.81%; vertical-align: bottom;">&#160;</td>
          <td style="width: 0.93%; vertical-align: bottom;">&#160;</td>
          <td style="width: 41.67%; vertical-align: top;">
            <div style="text-align: center; font-size: 8pt;">The NASDAQ Stock Market LLC</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div>Emerging growth company&#160; &#9744;</div>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
      Act.&#160; &#9744;</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="text-indent: -54pt; margin-left: 54pt; font-weight: bold;">Item 2.02.&#160; Results of Operations and Financial Condition<a name="Item_2_02___9_01"></a></div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Attached as Exhibit 99.1 and incorporated herein by reference is a copy of the press release of Investors Title Company, dated August&#160;5, 2019, reporting Investors Title Company's financial results for the fiscal quarter
      ended June&#160;30, 2019.</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">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.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 9.01.&#160; Financial Statements and Exhibits</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">(d) Exhibits.&#160; The following exhibit accompanies this Report:</div>
    <div><br>
    </div>
    <div>Exhibit 99.1 - Press Release of Investors Title Company dated August&#160;5, 2019.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div><br>
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    <div style="text-align: center;">SIGNATURE<a name="Signature"></a></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;">Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div>INVESTORS TITLE COMPANY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: bottom;">
            <div>Date:</div>
          </td>
          <td style="width: 60%; vertical-align: bottom;">
            <div>August 5, 2019</div>
          </td>
          <td style="width: 4%; vertical-align: bottom;">
            <div>By:</div>
          </td>
          <td style="width: 31%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ James A. Fine, Jr.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31%; vertical-align: bottom;">
            <div>James A. Fine, Jr.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31%; vertical-align: bottom;">
            <div>President, Principal Financial Officer and</div>
          </td>
        </tr>
        <tr>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 60%; vertical-align: bottom;">&#160;</td>
          <td style="width: 4%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31%; vertical-align: bottom;">
            <div>Principal Accounting Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <br>
    <div style="text-align: center;">EXHIBIT INDEX</div>
    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;"><a name="Exhibit_Index"></a></div>
    <div>
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          <tr>
            <td style="width: 10%;">
              <div><u>Exhibit No.</u> <br>
              </div>
            </td>
            <td style="width: 90%;">
              <div>
                <div><u>Description</u>&#160; <br>
                </div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
            <td style="width: 90%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%;">
              <div><a href="a52042998ex99_1.htm">99.1</a> <br>
              </div>
            </td>
            <td style="width: 90%;">
              <div><a href="a52042998ex99_1.htm">Press release issued by Investors Title Company on August&#160;5, 2019</a> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <br>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52042998ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
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    <title></title>
    <!-- Licensed to: Business Wire
         Document created using EDGARfilings PROfile 6.1.0.0
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div><font style="font-weight: bold;"> <br>
    </font></div>
  <font style="font-weight: bold;"> </font>
  <div class="bw-release">
    <div class="bw-release">
      <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;font-weight:normal;"> <b>Investors Title Company Announces Second Quarter 2019 Financial Results</b> </h1>
      <div class="bw-release-body">
        <div class="bw-release-table-js bw-release-story">
          <p style="list-style-position: inside; font-weight: normal;">CHAPEL HILL, N.C.--(BUSINESS WIRE)--August 5, 2019--Investors Title Company today announced its results for the second quarter ended June 30, 2019. The Company reported net income
            attributable to the Company of $5.5 million, or $2.90 per diluted share, compared to $6.9 million, or $3.66 per diluted share, for the prior year period. </p>
          <p> Revenues increased 1.9% to $42.7 million, compared with $41.9 million in the prior year quarter. While net premiums written remained virtually flat compared with the prior year, revenue from non-title services increased 48.4%, mainly due to
            increased revenues associated with like-kind exchange services. Changes in the estimated fair value of equity security investments resulted in an additional $794 thousand of income versus the prior year. </p>
          <p> Operating expenses increased 8.1% versus the prior year quarter, mainly because of higher claims and personnel expenses. Claims expense was higher primarily due to an increase in reserves for a potential large claim, and a higher level of
            favorable loss development in the prior year period. Personnel costs increased as a result of higher staffing levels necessary to support growth and strategic software initiatives. </p>
          <p> Income before income taxes decreased 21.5% to $6.9 million for the current quarter versus $8.8 million in the prior year period. Excluding the impact of changes in the estimated fair value of equity security investments, income before income
            taxes (non-GAAP) decreased 31.8% to $5.8 million for the current quarter versus $8.5 million in the prior year period (see Appendix A). </p>
          <p> For the six months ended June 30, 2019, net income attributable to the Company increased 9.0% to $12.1 million, or $6.40 per diluted share, versus $11.1 million, or $5.87 per diluted share, for the prior year period. Revenues increased 9.2%
            to $82.7 million, while operating expenses increased 9.4% to $67.4 million. Results for the first half of the year have been shaped predominantly by the same factors that affected the second quarter. </p>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
          </div>
          <p> Chairman J. Allen Fine added, &#8220;Overall premium revenues remained stable for the quarter compared with last year. Although the pace of home sales has cooled slightly from last year, recent decreases in mortgage interest rates have spurred an
            uptick in refinance activity. We are encouraged that continued strength in the overall economy will continue to drive high levels of activity in our industry, resulting in another year of solid operating results for the Company.&#8221; </p>
          <p> Investors Title Company&#8217;s subsidiaries issue and underwrite title insurance policies. The Company also provides investment management services and services in connection with tax-deferred exchanges of like-kind property. </p>
          <p> Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, any statements regarding the Company&#8217;s expected
            performance for this year, future home price fluctuations, changes in home purchase or refinance activity and the mix thereof, interest rate changes, expansion of the Company&#8217;s market presence, enhancing competitive strengths, positive
            development in housing affordability, wages, unemployment or overall economic conditions or statements regarding our actuarial assumptions and the application of recent historical claims experience to future periods. 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, including the limited predictive power of historical
            claims experience; declines in the performance of the Company&#8217;s investments; government regulation; changes in the economy; loss of agency relationships, or significant reductions in agent-originated business; difficulties managing growth,
            whether organic or through acquisitions and other considerations set forth under the caption &#8220;Risk Factors&#8221; in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the Securities and Exchange Commission,
            and in subsequent filings. </p>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
          </div>
          <table cellspacing="0" id="z50361e7429814123aa818bc0ccdfbab2" style="margin-bottom: 10.0px;width: 100%; font-size: 10pt;">

              <tr>
                <td rowspan="1" colspan="17">
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Investors Title Company and Subsidiaries</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Consolidated Statements of Income</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>For the Three and Six Months Ended June 30, 2019 and 2018</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(in thousands, except per share amounts)</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(unaudited)</i></b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="width: 55%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" colspan="7"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td rowspan="1" colspan="7">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="7">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended <br>
                      June 30,</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="7">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended <br>
                      June 30,</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Revenues:</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Net premiums written </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>34,978</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 35,142 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>63,773</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 64,701 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Escrow and other title-related fees </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,901</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,149 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>3,223</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,653 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Non-title services </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,517</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,696 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>4,905</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,288 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Interest and dividends </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,193</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,125 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,449</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,243 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Other investment income </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>926</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,181 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,336</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,450 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Net realized investment (losses) gains </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>(14</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 0.0px;width: 2%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> <b>)</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 288 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>776</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 441 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Changes in the estimated fair value of equity security investments </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,142</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 348 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,812</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (294 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 0.0px;width: 2%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> ) </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Other </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>90</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>405</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 230 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total Revenues </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>42,733</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 41,936 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>82,679</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 75,712 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Operating Expenses:</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Commissions to agents </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>16,275</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 16,427 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>31,333</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30,452 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Provision (benefit) for claims </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,397</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 564 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,623</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (842 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 0.0px;width: 2%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> ) </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Personnel expenses </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>11,683</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,798 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>23,295</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 22,138 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Office and technology expenses </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,230</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,326 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>4,453</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,395 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Other expenses </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>3,228</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,007 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,742</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,530 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total Operating Expenses </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>35,813</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 33,122 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>67,446</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 61,673 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Income before Income Taxes</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>6,920</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,814 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>15,233</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,039 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Provision for Income Taxes</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,420</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,894 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>3,107</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,946 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Net Income</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,500</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,920 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>12,126</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,093 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Net Loss Attributable to Noncontrolling Interests</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>&#8212;</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>&#8212;</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Net Income Attributable to the Company</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,500</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,947 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>12,126</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,123 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Basic Earnings per Common Share</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2.91</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3.68 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>6.42</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5.90 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Weighted Average Shares Outstanding &#8211; Basic</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,889</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,887 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,888</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,886 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Diluted Earnings per Common Share</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2.90</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3.66 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>6.40</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5.87 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 55%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Weighted Average Shares Outstanding &#8211; Diluted</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,896</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,897 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,896</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,896 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="width: 55%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td rowspan="1" colspan="2"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td rowspan="1" colspan="2"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td rowspan="1" colspan="2"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td rowspan="1" colspan="2"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
              </tr>

          </table>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
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          <table cellspacing="0" id="z0ce3558054d94e3bbc8204f60ed6d95c" style="margin-bottom: 10.0px; font-size: 10pt;">

              <tr>
                <td rowspan="1" colspan="9">
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Investors Title Company and Subsidiaries</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Consolidated Balance Sheets</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>As of June 30, 2019 and December 31, 2018</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(in thousands)</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(unaudited)</i></b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" colspan="3"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td rowspan="1" colspan="3">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;" colspan="3">
                  <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>June 30, <br>
                      2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;" colspan="3">
                  <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> December 31, <br>
                    2018 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Assets</b> </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Cash and cash equivalents </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>36,677</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 18,694 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Investments: </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Fixed maturity securities, available-for-sale, at fair value </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>86,306</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 88,957 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Equity securities, at fair value </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>55,065</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 48,489 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Short-term investments </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>18,979</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,787 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Other investments </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>12,419</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 12,436 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total investments </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>172,769</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 182,669 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Premiums and fees receivable </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>11,831</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 12,128 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Accrued interest and dividends </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>922</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 946 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Prepaid expenses and other receivables </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>7,002</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,288 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Property, net </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>9,997</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,304 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Goodwill and other intangible assets, net </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>10,528</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,780 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Operating lease right-of-use assets </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>4,660</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#8212; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Other assets </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>1,495</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,459 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Current income taxes receivable </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>613</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#8212; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total Assets </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>256,494</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 244,268 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Liabilities and Stockholders&#8217; Equity</b> </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Liabilities: </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Reserve for claims </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>33,038</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,729 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Accounts payable and accrued liabilities </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>25,079</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27,735 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Operating lease liabilities </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>4,663</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#8212; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Current income taxes payable </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>&#8212;</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,981 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Deferred income taxes, net </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,419</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,184 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total liabilities </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>68,199</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 68,629 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Stockholders&#8217; Equity: </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Common stock &#8211; no par value (10,000 authorized shares; 1,889 and 1,887 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively, excluding in each period 292
                    shares of common stock held by the Company's subsidiary) </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>&#8212;</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#8212; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Retained earnings </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>185,441</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 174,690 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 20.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Accumulated other comprehensive income </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>2,854</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 949 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total stockholders&#8217; equity </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>188,295</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 175,639 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-left: 40.0px;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total Liabilities and Stockholders&#8217; Equity </p>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>256,494</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 244,268 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1"><br>
                </td>
                <td colspan="1" rowspan="1">&#160;</td>
              </tr>

          </table>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
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              <tr>
                <td rowspan="1" colspan="25">
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Investors Title Company and Subsidiaries</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b>Net Premiums Written By Branch and Agency</b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>For the Three and Six Months Ended June 30, 2019 and 2018</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(in thousands)</i></b> </p>
                  <p style="margin-bottom: 0px; margin-top: 0px;text-align: center; list-style-position:inside;"> <b><i>(unaudited)</i></b> </p>
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              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" colspan="11"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" colspan="11">&#160;</td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="11">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended June 30,</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="11">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended June 30,</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>%</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> % </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>%</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> % </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Branch</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>10,388</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>29.7</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,736 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30.6 </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>17,554</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>27.5</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 19,353 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 29.9 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Agency</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>24,590</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>70.3</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 24,406 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 69.4 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>46,219</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>72.5</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 45,348 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 70.1 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 7%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 8%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Total</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>34,978</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>100.0</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 35,142 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 100.0 </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>63,773</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>100.0</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 8%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 64,701 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="border-bottom: double black 2.25pt;width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 7%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 100.0 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 7%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 7%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 7%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 8%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;"><br>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 7%;">&#160;</td>
              </tr>

          </table>
          <div> </div>
          <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
            <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
              <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
          </div>
          <p style="text-align: center; list-style-position:inside;"> <b>Investors Title Company and Subsidiaries <br>
              Appendix A <br>
              Non-GAAP Measures Reconciliation <br>
              <i>For the Three and Six Months Ended June 30, 2019 and 2018 <br>
                (in thousands) <br>
                (unaudited)</i></b> </p>
          <p> Management uses various financial and operational measurements, including financial information not prepared in accordance with generally accepted accounting principles ("GAAP"), to analyze Company performance. This includes adjusting
            revenues to remove the impact of changes in the estimated fair value of equity security investments, which are recognized in net income under GAAP. Management believes that these measures are useful to evaluate the Company's internal
            operational performance from period to period because they eliminate the effects of external market fluctuations. The Company also believes users of the financial results would benefit from having access to such information, and that certain of
            the Company&#8217;s peers make available similar information. This information should not be used as a substitute for, or considered superior to, measures of financial performance prepared in accordance with GAAP, and may be different from similarly
            titled non-GAAP financial measures used by other companies. </p>
          <p> The following tables reconcile non-GAAP financial measurements used by Company management to the comparable measurements using GAAP: </p>
          <table cellspacing="0" id="zcc71258de1264fa08b61be9ff611d3b0" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto;width: 100%; font-size: 10pt;">

              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="7">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended June 30,</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;white-space: nowrap;text-align: center; list-style-position:inside;" colspan="7">
                  <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended June 30,</b> </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;text-align: center; list-style-position:inside;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;text-align: center; list-style-position:inside;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> 2018 </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Revenues</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Total revenues (GAAP) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>42,733</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 41,936 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>82,679</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 75,712 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> (Subtract) Add: Changes in the estimated fair value of equity security investments </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>(1,142</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 2%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> <b>)</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (348 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 1%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> ) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>(5,812</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 1%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> <b>)</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 294 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Adjusted revenues (non-GAAP) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>41,591</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 41,588 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>76,867</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 76,006 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Income before Income Taxes</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;" colspan="3">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Income before income taxes (GAAP) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>6,920</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,814 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>15,233</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,039 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> (Subtract) Add: Changes in the estimated fair value of equity security investments </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>(1,142</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 2%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> <b>)</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (348 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 1%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> ) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>(5,812</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 1%;">
                  <p style="text-align: left;margin-bottom: 0px; margin-top: 0px;"> <b>)</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td rowspan="1" style="vertical-align: bottom;border-bottom: solid black 1.0pt;padding-right: 0.0px;" colspan="2">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 294 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>
              <tr>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;width: 61%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> Adjusted income before income taxes (non-GAAP) </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 2%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 2%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 6%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>5,778</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 2%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,466 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="width: 1%;">&#160;</td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>9,421</b> </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 1%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: bottom;border-bottom: double black 2.25pt;padding-right: 0.0px;width: 5%;">
                  <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,333 </p>
                </td>
                <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: double black 2.25pt;width: 1%;">
                  <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
                </td>
              </tr>

          </table>
          <p> &#160; </p>
        </div>
        <div class="bw-release-contact">
          <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
          <p> Elizabeth B. Lewter <br>
            (919) 968-2200 </p>
        </div>
      </div>
    </div>
  </div>
  <font style="font-weight: bold;"> </font>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
