ALTA Reports Q1 2022 Title Premium Volume
June 16, 2022
The title insurance industry generated $5.89 billion in title insurance premiums during the first quarter of 2022 compared to $5.68 billion during the same period a year ago, according to ALTA’s latest Market Share Analysis.
Total operating income also was up 3.6%, while operating expenses were up 40.0%, and loss and loss adjustment expenses were up 13.8%. This resulted in net operating income of $508.1 million, compared to $489.9 million for the first quarter of 2021. The industry paid $132.7 million in claims during the first three months of 2022. This is up from $107.1 during the same period a year ago.
Top 10 Individual Underwriters by Market Share
- First American Title Insurance Co., 21.5%
- Old Republic National Title Insurance Co., 15.2%
- Fidelity National Title Insurance Co., 14.0%
- Chicago Title Insurance Co., 13.4%
- Stewart Title Guaranty Co., 8.9%
- Westcor Land Title Insurance Co., 5.3%
- WFG National Title Insurance Co., 2.7%
- Title Resources Guaranty Co., 2.3%
- Doma Title Insurance Co., 1.7%
- First National Title Insurance Co., 1.1%
Top 5 States
- Texas: $896,225,264, +30.6%
- Florida: $696,625,101, +22.3%
- California: $531,026,826, -17.4%
- New York: $362,720,612, +15.9%
- Pennsylvania: $246,758,915, -9.3%
Contact ALTA at 202-296-3671 or [email protected].