First Research US Industry Profile

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Title Insurance Carriers
SIC Codes: 6361
NAICS Codes: 524127
Last Quarterly Update: 4/15/2019
Companies in this industry offer insurance policies to protect homeowners and other owners of real estate, as well as real estate creditors. Major companies include Fidelity National Financial, First American Title Insurance, and Old Republic National Title.
Many large US-based companies provide title insurance in Europe and in countries such as Australia, Canada, India, Mexico, and South Korea, often for US buyers and lenders. The reliability of government systems of land registration reduces the market for title insurance in countries other than the US, however. The European title insurance market amounts to about only 1% of the US market. The US has no single, comprehensive system of land registration.
The US title insurance industry includes about 4,100 establishments with combined annual revenue of about $16 billion.
Competitive Landscape
Home sales and mortgage refinancing are the primary drivers of demand for the title insurance industry. The profitability of individual companies depends on efficient operations because of the large volume of transactions. Large companies benefit from economies of scale in access to large accumulated databases of property records. Small companies can mainly compete by specializing in nonstandard titles or in geographical regions that the large companies don't cover. The US industry is highly concentrated: the 20 largest companies account for about 95% of revenue.
Products, Operations & Technology
About 75% of industry revenue comes from title insurance products and premiums; about 15% comes from title search, title reconveyance and other fees. The ... plus:
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/14/2019
10/08/2018
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