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.

Stewart Information 4Q Earnings Higher

February 20, 2007

Associated Press

HOUSTON (AP) -- Stewart Information Services Corp., which provides title insurance and related information services, said Friday its fourth-quarter profit rose 18 percent, as the company set aside less money to cover potential losses in its title business.

Quarterly earnings increased to $10.7 million, or 59 cents per share, from $9.1 million, or 50 cents per share during the same period in 2005. Revenue grew 3 percent to $645.8 million from $629.1.

The company said its earnings reflect the addition of $4.3 million to title loss reserves, or $6.2 million less than the same period a year earlier. That move offset a higher complement of lower-margin agency business compared to direct operations.

Stewart Information Services said its revenue boost came from greater commercial transactions and income from new agencies, which partially offset a decline in its direct operations as higher interest rates continued to depress the real estate market.

Annual earnings fell 51 percent to $43.3 million, or $2.36 per share, from $88.8 million, or $4.86 per share in 2005. Revenue rose 2 percent to $2.47 billion from $2.43 billion.

Copyright 2007 Associated Press

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