Title Industry Generates $3.9 Billion in Premiums During Q3

December 14, 2017

The title insurance industry generated $3.9 billion in title insurance premiums during the third quarter of 2017, according to ALTA’s 2017 Third-Quarter Market Share Analysis. The volume held steady to the $3.9 billion in title premiums generated during the third quarter of 2016.

The publicly traded underwriters captured 85.1 percent of the market share during the latest quarter, while independent underwriters garnered 14.9 percent of the market.

The top individual underwriters based on market share were:

  • First American Title Insurance Co. (24.1%)
  • Old Republic National Title Insurance Co. (14.3%)
  • Chicago Title Insurance Co. (14.2%)
  • Fidelity National Title Insurance Co. (12.9%)
  • Stewart Title Guaranty Co. (9.1%)

The top five independent underwriters based on market share were:

  • Westcor Land Title Insurance Co. (3.5%)
  • Title Resources Guaranty Co. (2.4%)
  • WFG National Title Insurance Co. (2.2%)
  • North American Title Insurance Co. (1.7%)
  • Alliant National Title Insurance Co. (.8%)

On a state-by-state basis, 28 states showed third-quarter 2017 written premiums increasing from third-quarter 2016.

Overall during the first quarter of 2017, the industry’s operating expenses were up 4.3 percent, while loss and loss adjustment expenses were up 3.5 percent resulting in net operating gain decreasing of 38.9 percent.

ALTA expects to release its fourth-quarter and full-year 2017 Market Share Analysis around March 20.

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