4th Quarter 2023 Highlights
Billions
$5.0
OLD REPUBLIC
Title Insurance - Profile
The Title Insurance segment has continued a long-run trend of profitable growth
☐ #3 in a concentrated industry
☐ Lower capital requirements
$1.0 billion in equity at Dec. 31, 2023 supporting $2.6 billion of revenue (2.6x)
☐ 2023 revenue from agency (79%) and direct operations (21%) through 270 offices
☐ Continuing to expand presence in commercial real estate market (22% of 2023 premiums)
Title Revenue
Title Market Share
Old
Republic
15.1%
$4.5
$4.0
$3.5
Fidelity
National
(FNF)
30.7%
$3.0
$2.5
$2.0
$1.5
$1.0
$2.6
First
American
(FAF)
25.5%
Other
18.3%
Stewart
Title (STC)
10.4%
$0.5
$-
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Source: American Land Title Association at 09/30/23
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