2024 Fourth Quarter Title Insurance Industry Market Share Executive Summary

May 13, 2025

Title Insurance Industry Market Share and Financial Statement compilations for the 4th Quarter of 2024 are now available on the ALTA website (www.alta.org/industry/financial.cfm).

The fourth quarter of 2024 was a positive quarter for the title insurance industry. Title Insurance Premiums Written were up 20.2% from the fourth quarter of 2023. Total Operating Income was up 19.2%. Operating Expenses were down 18.5% and Loss and Loss Adjustment Expenses were up 24.4%, resulting in Net Operating Gain of $181.0 Million. Adding in Net Investment Gain of $140.2 Million resulted in Net Income of $255.6 Million. This compared to $207.3 Million for the 4th Quarter of 2023, an increase of 23.3%. This brought Net Income for the year to $1.013 Billion, the 9th highest yearly Net Income in the industry’s history.

With $1.013 Billion of Net Income, the industry continued its strong financial position.  Total Assets were $11.7 Billion, including $10.6 Billion in Cash and Invested Assets.  Statutory Surplus was over $5.1 Billion and Statutory Reserves were strong at $5.7 Billion.

After 7 consecutive quarters in which Title Premiums Written increased from the prior years equivalent quarter, the 1st Quarter of 2024 essentially ended this string, showing a decrease of only 0.6%, and the 2nd, 3rd and 4th Quarters of 2024 recorded increases of 4.2%, 5.5% and 20.2% respectively.

On a state-by-state basis, 48 states, plus the District of Columbia, showed 4th Quarter 2024 written premiums increasing from 4th Quarter 2023. Three states were up over 50%, two states were up between 40% and 50% five states, plus the District of Columbia, were up between 30% and 40%, 20 states were up between 20% and 30%, 10 states were up between 10% and 20%, and 8 states were up less than 10%. Only two states were down - New Mexico was down 36.6% and Alabama was down 3.3%.

All ten of the largest states recorded increases. The largest state - Texas was up 21.7%, Florida, the #2 state, was up 8.0%, California, the #3 state, was up 24.5%, New York, the #4 state, was up 20.5% and Pennsylvania, the #5 state, was up 19.3%.


Contact ALTA at 202-296-3671 or [email protected].