Title Industry Generates $3.3 Billion in Premiums During Q1

July 13, 2017

The title insurance industry generated $3.3 billion in title insurance premiums during the first quarter of 2017 compared to $3 billion during the first quarter of 2016, according to ALTA’s 2017 First-Quarter Market Share Analysis. This is an increase of 10.4 percent year-over-year.

The publicly traded underwriters captured 85 percent of the market share, while market share of independent underwriters increased to 15 percent during the latest quarter. This is up from 13.9 percent during the same period a year ago.

The top individual underwriters based on market share were:

  • First American Title Insurance Co. (24.6%)
  • Old Republic National Title Insurance Co. (15.0%)
  • Chicago Title Insurance Co. (14.1%)
  • Fidelity National Title Insurance Co. (12.5%)
  • Stewart Title Guaranty Co. (9.4%)

The top five independent underwriters based on market share were:

  • Westcor Land Title Insurance Co. (3.6%)
  • WFG National Title Insurance Co. (2.8%)
  • Title Resources Guaranty Co. (2.1%)
  • North American Title Insurance Co. (1.7%)
  • Alliant National Title Insurance Co. (.9%)

On a state-by-state basis, 47 states, plus the District of Columbia, showed first-quarter 2017 written premiums increasing from first-quarter 2016.

Overall during the first quarter of 2017, the industry’s operating expenses were up 10.6 percent, while loss and loss adjustment expenses were down 1.5 percent resulting in net operating gain of 29.4 percent.

ALTA expects to release its second-quarter 2017 Market Share Analysis around September 1.

Contact ALTA at 202-296-3671 or communications@alta.org.