In Q1 2025, the states with the highest title premium volumes were Texas ($580.87 million), Florida ($448.04 million), California ($321.71 million), New York ($271.92 million), and Pennsylvania ($138.99 million). New York had the largest year-over-year increase in volume at 42.7%, while Florida had the smallest increase at 6.3%. The top underwriters for the same period included First American at 22.9%, Fidelity at 14.1%, and Old Republic at 14%. Independent underwriters have increased their combined market share from 15% in 2019 to 26.9% in 2024, despite the Big Four's significant market presence.
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).
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%.
First American Title Insurance Co. held a market share of 22.9%, followed by Fidelity National Title Insurance at 14.1% and Old Republic National Title Insurance Co. at 14%.
In 2024, First American's market share was 22.2%, while Old Republic's was 14.3% and Fidelity's was 27.7%.
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