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Title Insurance Premium Volume Rises 27.5% In Q1

The title insurance industry generated $3.92 billion in title insurance premiums during the first quarter of 2020, compared to $3.07 billion during the same period a year ago, according to the latest Market Share Analysis from the American Land Title Association (ALTA).

Overall, total operating income for the industry was up 26.3%, operating expenses were up 25.3 percent, and loss and loss adjustment expenses were up 11.7 percent. Through the first quarter of 2020, the industry has paid more than $409 million in claims.
“The title insurance industry remains in strong financial position with total assets over $9.7 billion, including $8.8 billion in cash and invested assets,” Tomb said. “Additionally, statutory surplus is almost $4.7 billion and statutory reserves are strong at over $4.3 billion.”
During the latest quarter, the industry paid $126.0 million in claims, down from $128.3 million in claims paid during the first quarter of 2019.
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