American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Fitch Affirms Ratings Of Old Republic Title Group At 'AA-'

January 25, 2002

CHICAGO--(BUSINESS WIRE)-- Fitch has affirmed the 'AA-' insurer financial strength ratings of the Old Republic Title Group (ORT), which consists of the following title insurance companies: Old Republic National Title Insurance Co., Old Republic General Title Insurance Corp., Mississippi Valley Title Insurance Co. and American Guaranty Title Co. The Rating Outlook is Stable.

ORT's ratings are supported by its position as a national title insurer, and conservative capital position as measured by Fitch's risk-adjusted capital (RAC) ratio. ORT is owned by Old Republic International Corp. (NYSE: ORI - news), a publicly traded insurance organization, with interests in property/casualty, title, mortgage guaranty, and life insurance. The support and financial flexibility that ORI provides ORT is factored into the ratings. ORI reported consolidated GAAP assets of $7.8 billion and stockholders' equity of $2.7 billion at Sept. 30, 2001. ORT has maintained its market share, but as the smallest of the national title insurers, it is continually challenged to retain its competitive position and grow market share.

ORT's consolidated GAAP revenue and fees for the first nine months of 2001 were $466 million, up from $384 million in the comparable period in 2000. Pretax operating income over the same period was $52.8 million, which already exceeds the figure for full-year 2000. Title insurance in general benefited from a declining interest rate environment during 2001, which triggered a refinancing boom. However, industry results are expected to decline in 2002 as the real estate market is negatively impacted by the economic recession.

Fitch uses its own risk-adjusted capital ratio to measure the capital adequacy of title insurance companies. ORT's risk-adjusted capital ratio was the highest of the national title insurers at 265%, and contributes to its insurer financial strength ratings.




Old Republic National Title Ins. Co.

IFS Affirmed


Old Republic General Title Ins. Corp.

IFS Affirmed


Mississippi Valley Title Ins. Co.

IFS Affirmed


American Guaranty Title Ins. Co.

IFS Affirmed


Source: Fitch

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment