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News & Press: Industry News

California Title Insurance Premium Volume Up 9.5% in 2019

Tuesday, May 19, 2020  
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The American Land Title Association’s (ALTA) Market Share Analysis shows that the title insurance industry generated $15.81 billion in title insurance premiums during 2019, compared with $14.84 billion during 2018. California saw a 9.5% increase in premiums in 2019 as compared to 2018. California premiums in 2019 totaled $1,780,948,965 placing in # 2 in the nation behind Texas with premiums of $2,214,499,994.

Nationwide net income for 2019 was $1.29 billion, the highest annual net income for the title insurance industry in the last 18 years. The industry paid $544 million in claims in 2019. This was up slightly from $535 million in claims paid in 2018. The ALTA reported that the title industry ended 2019 with total assets over $10.6 billion, including $9.8 billion in cash and invested assets and statutory reserves of more than $4.7 billion.

California Land Title Association


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