It's out, and I'm sorry to say that the news is fine. EPS $4; cash and securities now exceed liabilities by $27.50 per share.
If we adjust ITIC's reserving practices to typical industry levels, it looks like a decent bond fund at the price. And, don't forget, they also write title insurance.
Oh well, one Monday morning we'll see a writeup somewhere and ITIC will open at $100.