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News & Press: Industry News

Industry Earnings Remain Positive

Tuesday, November 21, 2017  
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  • Fidelity Reports Q3 Results and Open and Closed Order Count
    Fidelity National Financial reported that its title segment generated pre-tax earnings of $262 million during the third quarter of 2017. This compared to $263 million in pre-tax earnings during the same period a year ago. During the latest quarter, Fidelity’s direct operations opened 501,000 orders and closed 367,000. This compares to a prior count of 616,000 direct orders opened and 433,000 orders closed. The title segment paid $64 million in claims during the third quarter of 2017 versus $70 million in claims paid during the third quarter of 2016.

  • First American Reports 3Q Results for Title and Services Segment
    First American Financial reported that its title insurance and services segment posted pre-tax income of $181.7 million during the third quarter of 2017. This compares to $188.7 million in pre-tax income reported during the same period a year ago. First American’s direct operations opened 278,300 orders during the third quarter of 2017 and closed 214,300. This compares to 364,900 orders opened during Q3 2016 and 268,400 closed orders. The company paid $50.3 million in claims during the latest quarter. This compares to $48.2 million in claims paid during the third quarter of 2016. Revenues were up 10 percent in the purchase business, and the commercial business posted a revenue increase of 6 percent from last year.

  • Old Republic Reports Q3 Results
    Old Republic International reported that its title insurance group generated pre-tax income of $67.3 million during the third quarter of 2017, compared to $58.5 million during the same period in 2016. Premium levels were $596.9 million, an increase from $588.4 million in the third quarter of 2016. The claims ratio decreased from 5.2% to 2.1% over the same period a year ago. Claim costs were $12.3 million in the third quarter.

  • Stewart Reports Q3 Results
    Stewart Information Services reported that its title segment posted pre-tax income of $24.6 million during the third quarter of 2017. Total revenue was $486 million, down from $528 million. The third quarter saw 121,225 open orders and 93,533 closed orders. Results in the third quarter included integration costs from the Title365 acquisition. The third quarter loss expense was $25.4 million, a decrease from the $26.4 million loss expense in the third quarter of 2016. 

California Land Title Association


1215 K Street #1816 Sacramento, CA 95814-3905
Email: mail@clta.org  |  Phone: 916-444-2647  |   Fax: 916-444-2851