Q1 2014 Title Premium Volume Decreases 16%

June 10, 2014

ALTA reported title insurance premium volume declined 16 percent during the first quarter of 2014 when compared to the same period a year ago.

According to ALTA’s 2014 First-Quarter Market Share Analysis, the title insurance industry generated $2.4 billion in title insurance premiums during the first quarter of 2014 compared to $2.9 billion during the first quarter of 2013. This was the largest quarterly decrease in five years.

“Through disciplined expense management, the land title insurance industry posted almost $100 million in net income despite the expected seasonal dip in premium written,” said Michelle Korsmo, ALTA’s chief executive officer. “The industry remains in a strong financial position and has admitted assets of $8.5 billion, including more than $7.6 billion in cash and invested assets.”

Market Share Among Title Insurance Family/Company:

  • Fidelity Family (31 percent)
  • First American Family (28 percent)
  • Old Republic Family (15 percent)
  • Stewart Family (13 percent)
  • Independent Underwriters (12 percent)
ALTA expects to release its second-quarter 2014 Market Share Analysis around September 1.

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

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.