ALTA Reports Q2 2022 Title Premium Volume
September 27, 2022
The title insurance industry generated $6.21 billion in title insurance premiums during the second quarter of 2022 compared to $6.54 billion during the same period a year ago, according to ALTA’s latest Market Share Analysis.
Second quarter results showed mixed results as total operating income was down 4.2%, while operating expenses were down 3.5%, and loss and loss adjustment expenses were up 4.9%. This resulted in net operating income of $562.5 million, compared to $593.8 million for the second quarter of 2021.
For the first six months of the year, title premium volume is nearly flat compared to the first six months of 2021, down .5% from $12.22 billion to $12.16 billion. The industry paid $277.2 million in claims through the first six months of 2022. This is up from $221.1 million during the same period a year ago.
Top 10 Individual Underwriters by Market Share
- First American Title Insurance Co., 21.4%
- Old Republic National Title Insurance Co., 14.9%
- Chicago Title Insurance Co., 14.3%
- Fidelity National Title Insurance Co., 14.3%
- Stewart Title Guaranty Co., 8.8%
- Westcor Land Title Insurance Co., 4.2%
- Title Resources Guaranty Co., 2.7%
- WFG National Title Insurance Co., 2.5%
- Doma Title Insurance Co., 1.8%
- First National Title Insurance Co., 0.9%
Top 5 States
- Texas: $969,681,005, +12.6%
- Florida: $770,141,053, +7.4%
- California: $582,062,862, -23.0%
- New York: $385,326,198 +17.4%
- Pennsylvania: $237,714,936, -19.2%
Click here for more market share data.
Contact ALTA at 202-296-3671 or communications@alta.org.