ALTA: Title Insurance Premium Volume Up 6.5 Percent in 2019 – NMP
Industry News

ALTA: Title Insurance Premium Volume Up 6.5 Percent in 2019

Apr 24, 2020
Photo credit: Getty Images/Witthaya Prasongsin

The American Land Title Association’s (ALTA) Market Share Analysis has reported that the title insurance industry generated $15.81 billion in title insurance premiums during 2019, compared with $14.84 billion during 2018.
 
“As expected, 2019 closed out very strong,” said Diane Tomb, ALTA’s chief executive officer. “Net income for 2019 was $1.29 billion, the highest annual net income we’ve seen in the last 18 years. On the state level, 46 states including Washington, D.C., showed written premium volume increasing year-over-year. The title insurance industry continues to serve the needs of its customers and protect property rights.”
 
From largest to smallest, the top five states in 2019 were:
 
►Texas, up 3.4%
►California, up 9.5%
►Florida, up 7.1%
►New York, up 4.1%
►Pennsylvania, up 8.1%
 
In terms of market share, the Fidelity Family of title insurance underwriters captured 33.22% of the market, followed by the First American Family (25.8%), the Old Republic Family (15.37%) and the Stewart Family (10.62%). Independent title insurance underwriters comprised 14.99% of the market.
 
Overall, total operating income for the industry was up 16.3%, operating expenses were up 17.4%, and loss and loss adjustment expenses were percent down 5.3 %. The industry paid $544 million in claims in 2019. This was up slightly from $535 million in claims paid in 2018.
 
“In 2019, the title insurance industry remained in strong financial position with total assets over $10.6 billion, including $9.8 billion in cash and invested assets,” Tomb said. “Additionally, statutory surplus is at almost $5 billion and statutory reserves are strong at more than $4.7 billion.”
 
About the author
NationalMortgageProfessional.com
Link copied
Published
Apr 24, 2020
Get the NMP Daily
Analysis and Data
Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Continue reading
Tech
New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News
Oct 08, 2026