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News & Press: Industry News

Publicly Traded Companies Report Title Segment Earnings

Tuesday, March 17, 2020  
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  • Fidelity Reports Earnings for Q4 and 2019

    Fidelity National Financial reported that its title insurance division generated $355 million in pre-tax income during the fourth quarter of 2019. This is up from $102 million in pre-tax income during the same period in 2019. For the year, Fidelity’s title group reported $1.5 billion in pre-tax income, up from $876 million in pre-tax income in 2018.

    During the fourth quarter, Fidelity paid $66 million in claims, up from $56 million in claims paid during the fourth quarter of 2019. For all of 2019, the company paid $240 million in claims which is an increase from the $221M paid during 2018.

  • First American Reports Q4 and 2019 Results

    First American Financial Corp. reported that its title insurance and services segment generated pre-tax income of $283.8 million during the fourth quarter of 2019. This compared to $136.4 of pre-tax income during the fourth quarter of 2019. For the full year, First American’s title division reported $912.2 million in pre-tax income, up from $655.0 million in pre-tax income in 2018. The title segment had a record annual pretax margin of 16.1 percent. In 2019, First American paid $182.5 million in claims. This was slightly higher than the $173.5 million in claims paid in 2018.

  • Old Republic Reports Q4 and 2019 Results

    Old Republic International reported that its title insurance segment generated $230.8 million in pre-tax income during 2019. This is up from $219.3 million in pre-tax income during 2018. During the fourth quarter of 2019, the company’s title division reported $77.1 million in pre-tax income compared to $61.1 million during Q4 2018. Also during the fourth quarter, the company achieved an all-time record for underwriting revenue of $717 million.

    Old Republic paid $67.4 million in claims during 2019, which is an increase from the $48.3 million in claims paid during 2018. During the fourth quarter, the company paid $14 million in claims compared to $3.2 million during the same period in 2018.

  • Stewart Reports Q4 and 2019 Results

    Stewart Information Services Corp. reported its title segment generated pre-tax income of $20.3 million during the fourth quarter of 2019. This was down from $29.5 million in pre-tax income during the same period a year ago. For 2019, the company generated $108.5 million in pre-tax income compared to $108.3 million in 2018.

    The company reported that title operating revenues in the fourth quarter 2019 increased 11 percent, compared to the prior year quarter, as direct title revenues and gross independent agency revenues improved by 12 percent and 10 percent, respectively. The segment's overall operating expenses in the fourth quarter 2019 increased $58.9 million, or 14 percent, compared to the last year's quarter.

    For 2019, Stewart paid $28.9 million in claims, which was up from $12.3 million in claims paid during 2018. The company reported the increase was due to higher title revenues and less favorable loss experience in portions of its non-Canadian international operations and an escrow loss in its commercial business in the fourth quarter 2019.

California Land Title Association


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