CHAPEL HILL, N.C. (AP) — CHAPEL HILL, N.C. (AP) — Investors Title Co. (ITIC) on Friday reported net income of $4.5 million in its first quarter.

On a per-share basis, the Chapel Hill, North Carolina-based company said it had profit of $2.40.

The insurance company posted revenue of $53.5 million in the period.

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