2025 First Quarter Title Insurance Industry Market Share Executive Summary

June 30, 2025

Title Insurance Industry Market Share and Financial Statement compilations for the 1st Quarter of 2025 are now available on the ALTA website (www.alta.org/business-operations/research-initiatives-and-resources/industry-financial-data/).

The first quarter of 2025 was a positive quarter for the title insurance industry. Title insurance premiums written were up 15.6% from the first quarter of 2024. This was the fifth highest first Quarter in the industry’s history. Total operating income was up 14.7%. Operating expenses were up 15.1% and loss and loss adjustment expenses were down 14.9%, resulting in net operating gain of $99.7 million. Adding in net investment gain of $140.6 million resulted in net income of $200.5 million. This compared to $189.5 million for the first quarter of 2024, an increase of 5.8%. This was the eighth highest first quarter in the industry’s history.

With $200.5 million of net income, the industry continued its strong financial position. Total assets were $11.5 billion, including $10.3 billion in cash and invested assets. Statutory surplus was over $5.1 billion and statutory reserves were strong at $5.7 Billion.

After seven consecutive quarters in which title premiums written decreased from the prior years equivalent quarter, the first quarter of 2024 essentially ended this string, showing a decrease of only 0.6%, and the second, third and fourth quarters of 2024 and the first quarter of 2025 recorded increases of 4.2%, 5.5%, 20.2% and 15.6% respectively.

On a state-by-state basis, 47 states, plus the District of Columbia, showed first quarter 2025 written premiums increasing from first quarter 2024. Two states were up over 40%, three states were up between 30% and 40%, 12 states were up between 20% and 30%, 14 states were up between 10% and 20% and 16 states, plus the District of Columbia, were up less than 10%. Only three states were down - Mississippi was down 30.1%, and Iowa and Vermont were down less than 10%.

All 10 of the largest states recorded increases. The largest state - Texas was up 17.8%, Florida, the No. 2 state, was up 8.3%, California, the No. 3 state, was up 9.9%, New York, the No. 4 state, was up 42.7% and Pennsylvania, the No. 5 state, was up 8.2%.


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