Title premium volume is growing, ALTA reports
Title
insurance
premium
volumes
rose
during
the
first
quarter
of
2025,
according
to
the
American
Land
Title
Association
(ALTA)’s
newest
Market
Share
Analysis
report
released
last
week.
From
January
through
March,
title
companies
generated
$3.9
billion
in
title
premium
volumes,
up
from
$3.3
billion
in
premiums
generated
in
Q1
2024.
The
five
states
with
the
largest
title
premium
volumes
in
Q1
2025
were
Texas
($580.87
million),
Florida
($448.04
million),
California
($321.71
million),
New
York
($271.92
million)
and
Pennsylvania
($138.99
million).
The
same
five
states
held
the
top
spots
in
2024.
All
five
states
posted
year-over-year
increases
in
volume
during
Q1
2025,
with
New
York
recording
the
largest
increase
at
42.7%
and
Florida
posting
the
smallest
gain
at
6.3%.
Top
underwriters
by
market
share
as
of
the
first
quarter
of
2025
included
First
American
Title
Insurance
Co.
at
22.9%,
Fidelity
National
Title
Insurance
at
14.1%,
Old
Republic
National
Title
Insurance
Co.
at
14%,
Chicago
Title
Insurance
Co.
at
12.9%
and
Stewart
Title
Guaranty
Co.
at
9.2%.
Chicago
Title
is
part
of
Fidelity.
With
27%
of
the
market,
it
was
again
the
largest
firm
by
share
of
premiums
written
in
Q1
2025.
In
2024,
First
American’s
market
share
was
22.2%,
while
Old
Republic’s
was
14.3%,
Fidelity’s
was
27.7%
and
Stewart’s
was
9.2%.
Stewart
has
been
looking
to
reclaim
some
of
the
business
it
lost
in
recent
years
as
the
firm’s
market
share
was
10.6%
as
recently
as
2019.
The
other
top
10
companies
for
Q1
2025
were
Westcor
Land
Title
Insurance
Co.
with
4.2%
of
the
market,
Commonwealth
Land
Title
Insurance
Co.
(3.2%),
Title
Resources
Guaranty
Co.
(3.1%),
WFG
National
Title
Insurance
Co.
(2.7%)
and
First
American
Title
Guaranty
Co.
(1.7%).
First
American
Title
Guaranty
replaced
Doma
Title
in
the
top
10.
Although
the
so-called
Big
Four
still
command
the
overwhelming
majority
of
the
market
with
a
combined
share
of
73.1%,
their
collective
grip
is
not
what
it
once
was.
In
2019,
independent
title
underwriters
such
as
Westcor
and
WFG
had
a
combined
market
share
just
shy
of
15%,
which
increased
to
26.9%
in
2024.