Member Earnings Reports

Fidelity Reports Second-quarter Results;  First American Reports Second Quarter 2026 Results; Old Republic Reports Q2 Earnings;  Stewart Reports Q2 2026 Results

• Fidelity Reports Second-quarter Results
  Fidelity National Financial Inc. reported its title insurance segment generated $451 million in pretax income during the second quarter of 2026. This compared to $367 million in pretax income during the same period a year ago.
  
  “These results reflect strength across our commercial, residential, and agency businesses, supported by disciplined expense management and the benefits of our scale and operating platform,” said Mike Nolan, Fidelity’s chief executive officer. “Commercial remains a meaningful driver of our performance as transaction activity and fee per file continue to trend higher, positioning us for what could be one of the strongest commercial years in our history."
  
  During the latest quarter, Fidelity’s direct operations opened 391,000 orders and closed 273,000 direct orders. This compared to 366,000 direct title orders opened during Q2 2025 and 246,000 direct orders closed.
  
  According to its second-quarter earnings report, Fidelity paid $67 million in claims. This held steady to the $65 million in claims paid during Q2 2025.
  
  On the commercial front, Fidelity reported commercial revenue of $440 million during the second quarter of 2026. This reflects a 32% increase over the second quarter of 2025. During the company’s earnings call, Nolan said Fidelity closed 29 transactions generating over $1 million each in premiums during the second quarter across multiple asset classes in both its direct and agency businesses.
  
  Nolan noted Fidelity’s inHere digital transaction platform reached nearly 2.8 million unique users and engaged 80% of its residential sale transactions in 2025. For the first six months of 2026, the company has maintained engagement at 80% of its residential sales transactions. The platform is connected to Fidelity’s title production software, Softpro, which allows customers to track and get information on their orders without having to call or email.
  
  "We are also seeing the benefits of our investments in technology, automation and artificial intelligence,” Nolan said. “FNF provides the rails upon which real estate transactions run, by orchestrating complex multi-party settlements, safeguarding the movement of funds and mitigating fraud in every transaction. By embedding AI capabilities into these workflows, we believe we can drive significant value over time by enhancing efficiency, reducing risk, strengthening fraud prevention and improving the customer experience across real estate transactions.”
  
  
• First American Reports Second Quarter 2026 Results
  First American Financial Corp. reported its title insurance and services segment generated $315.9 million in pretax income during the second quarter of 2026. This compared to $216.7 million in pretax income during the same period a year ago.
  
  "Our results were driven by our commercial business, which is on pace for a record year in 2026,” said Mark Seaton, CEO at First American. “In addition, investment income in our title segment grew 11%, despite a decline in the federal funds rate. Our adjusted pretax title margin was 14% for the quarter, a strong result given continued weakness in the residential market.”
  
  During the second quarter of 2026, First American opened 188,200 direct title orders and closed 137,300 direct title orders. This compared to 186,907 opened direct title orders and 138,324 closed direct title orders.
  
  According to First American, its average revenue per direct title order rose to $4,572, primarily due to an increase in the average revenue per order for commercial transactions. Results were partially offset by a shift in the mix to lower premium refinance transactions.
  
  First American paid $61.9 million in claims during the second quarter of 2026. This is up from $47.3 million in claims paid compared to the same period a year ago. The company’s provision for policy losses and other claims was $45 million in the second quarter, or 3% of title premiums and escrow fee. This is unchanged from the prior year. The second quarter rate reflects an ultimate loss rate of 3.75% for the current policy year and a net decrease of $11 million in the loss reserve estimate for prior policy years.
  
  Looking ahead, Seaton said First American is focused on leveraging AI across its business.
  
  “We are integrating this technology into our workflows to enhance our employees' effectiveness, deliver a better experience for customers and improve the way we operate,” he said. “As these capabilities evolve, we will continue investing in our people, platforms and products to drive innovation and reinforce our leadership in the markets we serve."
  
  
• Old Republic Reports Q2 Earnings
  Old Republic International. Corp. reported its title insurance segment generated $55.9 million in pretax income during the second quarter of 2026. This compared to $24.2 million in pretax income during the same period a year ago.
  
  “After a slow seasonal start, residential transactions improved a bit this quarter, contributing to our revenue growth as well as strong commercial activity,” said Carolyn Monroe, president and CEO of Old Republic National Title Insurance Group. “Commercial premiums increased this quarter and were 25% of our premiums earned compared to 23% in second quarter of last year. During the quarter, we saw a wide mix of transactions across many segments of the commercial sector.”
  
  The company reported its title Insurance net premiums and fees earned increased 10.7% during the quarter as agency and directly produced premiums experienced solid growth. Premiums produced by Old Republic’s direct title operations were up 6% from second quarter of last year, while agency-produced premiums were up 12% and made up 78% of the company’s revenue during the quarter.
  
  Old Republic reported a loss ratio of 3.7% during the latest quarter, which is consistent with the second quarter of 2025.
  
  Monroe said the company will remain focused on improving operational efficiency and expanding margins moving into the second half of the year.  “A key part of that effort is our partnership with Qualia and the continued rollout of our new operating system,” she said. “Implementation began earlier this year and will continue through the end of next year, strengthening our foundation for our long-term success.”
  
  
• Stewart Reports Q2 2026 Results
  Stewart Information Services Corp. reported its title insurance segment generated $48.6 million in pretax income during the second quarter of 2026. This is down slightly from $49.3 million in pretax income reported during the same period a year ago.
  
  "We continued to build on our momentum in the second quarter and delivered another quarter of strong revenue results," said Stewart CEO Fred Eppinger. "Though the housing market faces continued headwinds, we remain dedicated to growing each of our businesses and delivering best-in-class service to our customers."
  
  During the latest quarter, Stewart opened 92,547 direct title orders and closed 61,309 direct title orders. This compared to 89,646 direct title orders opened and 66,594 closed direct title orders during Q2 2025. 
  
  Stewart’s title segment operating revenues increased $91.1 million in the second quarter 2026 compared to the second quarter 2025, primarily resulting from the performance of its direct and agency title operations. Direct title revenues improved $15.3 million, primarily due to increased domestic commercial transaction volume, while gross agency title revenues increased $75.8 million, the company reported.
  
  Domestic commercial revenue for Stewart increased $15.2 million in the second quarter of 2026, driven by higher commercial transaction volume across energy and other asset classes, as well as larger data center transactions. The company reported its domestic commercial closed orders improved 21%, while the average domestic commercial fee per file remained relatively consistent with the prior year quarter at $16,900, primarily due to asset class mix. Stewart’s average domestic residential fee per file improved 10% in the second quarter of 2026.
  
  The company paid $22.1 million in claims during the second quarter of 2026. This is up slightly compared to $21.5 million in claims paid during the second quarter of 2025. Stewart reported title loss expense improved to 3.2% in the second quarter of 2026. This is down from 3.6% in the prior year quarter, primarily due to continued overall favorable claims experience.