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.