American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Old Republic Releases Second-Quarter Results

July 22, 2010

Old Republic’s Title Group reported a $4 million profit during the second quarter of 2010, but remained in moderately negative territory for the first half of the year as claim and operating expenses outpaced revenue growth, the company reported July 22.

Net premiums and fees reflected accelerating growth as the title group continued to gain market share from industry dislocations and consolidation. The consolidation of accounts from the Florida joint underwriting venture formed in mid-year 2009 with Attorneys’ Title Insurance Fund also added to this year's revenue stream. A greater invested asset base generated meaningful investment income growth even though market yields remain at relatively low levels.

Old Republic reported claim costs rose at a somewhat quicker pace than premiums and fees as the company added moderately to reserve provisions in consideration of recent claim emergence trends. Growth in production and general operating expenses reflected the greater costs associated with the much higher level of premiums and fees.

Old Republic’s direct offices opened 92,326 orders during the quarter, while closing 67,830. This compares to 98,225 opened orders and 73,717 closed orders during the second quarter of 2009.

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment