AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


American Land Title Association ALTA Reports Second Quarter Title Industry Premium Volume and Market Share Data
press releases, American Land Title Association
   

The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reported the insurance industry generated $6.5 billion in title insurance premiums during the second quarter of 2021, according to ALTA’s latest Market Share Analysis.

“The continued strength in the purchase market and strong rebound in the commercial market continue to drive the historic volume in title insurance premiums,” said ALTA CEO Diane Tomb. “Despite the recent surge of COVID-19 cases, the housing market remains robust as ALTA members across the country continue to serve the needs of their customers, protect property rights and strengthen communities.”

In addition to the active purchase and commercial markets, continued home appreciation helped drive the 56.3% premium volume increase compared to the second quarter of 2020. Total operating income was up 52.4%, while operating expenses were up 50.8%, and loss and loss adjustment expenses were up 41.7%. Net income increased 84.6% during the latest quarter, resulting in the highest second quarter ever. The industry paid $221.1 million in claims through the first six months of the year. This is down from $232.9 million in claims paid during the same period a year ago.

Top Individual Underwriters by Market Share

  • First American Title Insurance Co., 19.9%
  • Old Republic National Title Insurance Co., 14.7%
  • Chicago Title Insurance Co., 14.0%
  • Fidelity National Title Insurance Co., 13.6%
  • Stewart Title Guaranty Co., 8.6%
  • Westcor Land Title Insurance Co., 6.2%
  • Commonwealth Land Title Insurance Co., 4.2%
  • WFG National Title Insurance Co., 3.0%
  • Title Resources Guaranty Co., 2.6%
  • North American Title Insurance Co., 1.7%

 

Top States

  • Texas, $861,348,871 (53.3%)
  • California, $755,634,478 (57.6%)
  • Florida, $716,995,561 (66.9%)
  • New York, $328,137,447 (66.5%)
  • Pennsylvania, $294,361,193 (77.1%)

 


About ALTA

The American Land Title Association, founded in 1907, is the national trade association representing the land title insurance industry, which employs more than 120,000 people working in every county in the United States. More than two-thirds of ALTA’s 6,400 member companies are considered small businesses. ALTA members conduct title searches, examinations and closings and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.



to post a comment on this article: login - or - register



Directory

The Source of Title Business directory has 8825 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Be Ready - Will the Summer Surge be a 'short game'?
Denise Williams's Blog
2024/03/02
0 comments

Forums

Source of Title's Forums are the place for title industry discussions.
Recent posts in the forums:



Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.