American Land Title Association
Home  >  News Room
News Room


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


Land Title Industry Remains Strong in First Quarter 2005

June 20, 2005

Lorri Lee Ragan, APR
ALTA®

Washington, DC– The American Land Title Association (ALTA), released figures today which reveal a strong financial picture for the title insurance industry from the first quarter of 2005.

“Total revenue for the first quarter of 2005 was relatively flat when compared to the record year of 2004,” said ALTA director of research, Richard McCarthy. “Revenue figures for first quarter 2005 and 2004 were $3.7 billion and $3.688 billion respectively – an increase of .33% year-to-year.”

Losses and loss adjustment expenses increased by 35.4 percent to $201.5 million in the first quarter of 2005 as compared to 2004’s figure of $148.8 million. After the rise in business during 2002, 2003, and 2004, claims were expected to eventually catch up. The industry loss ratio rose from 4.03 percent to 5.45 percent.

The level of pre-tax profit (before investment income) was $71.2 million in 2005 as compared to $142.3 million during the same period in 2004 – a fall of 50 percent. On an after-tax, after investment income basis, industry profits totaled $111.6 million down from 2004’s figure of $123 million.



Print Friendly


How To Find Us:
American Land Title Association
1828 L Street, NW, Suite 705
Washington, DC 20036-5104
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2014 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment