TitlePac
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 Reports Title Premium Volume Up 2.5 Percent Through Three Quarters
press release, American Land Title Association
   

The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reported the title insurance industry generated $11.32 billion in title insurance premiums during the first three quarters of 2019 compared to $11.04 billion during the same period in 2018, according to third-quarter market share data.

“Title insurance premium volume is dependent on real estate sales and mortgage-refinancing activity,” said Diane Tomb, ALTA’s chief executive officer. “We expect 2019 to close out strong with continued refinance activity and commercial business, while residential transactions remain steady. On a state-by-state basis, 47 states, plus the District of Columbia, showed third-quarter 2019 written premiums increasing from third-quarter 2018.”

In terms of marketshare, the Fidelity Family of title insurance underwriters captured 34.1 percent of the market, followed by the First American Family (25.2 percent), the Old Republic Family (15.1 percent) and the Stewart Family (10.0 percent). Independent title insurance underwriters comprised 15.6 percent of the market.

Overall, total operating income for the industry was up 9.5 percent, operating expenses were up 8.1 percent, and loss and loss adjustment expenses were down 4.1 percent. Through the first three quarters of 2019, the industry has paid more than $409 million in claims.

“The title insurance industry remains in strong financial position with total assets over $10.3 billion, including $9.4 billion in cash and invested assets,” Tomb said. “Additionally, statutory surplus is over $4.8 billion and statutory reserves are strong at over $4.6 billion.”



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



Redvision (DataTrace)
Directory

The Source of Title Business directory has 8760 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:

How You Can Conduct a Closing in Your Office
Michele Blanco's Blog
2020/05/11
0 comments

Only allowing e-recording could be a BIG problem for us
Jeanine Johnson's Blog
2020/03/23
4 comments

Hennepin County MN Only Accepting Electronic Documents at this time
Jeanine Johnson's Blog
2020/03/16
0 comments

NAILTA
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.