Old Republic International Corporation Business Overview
Billions
OLD REPUBLIC INTERNATIONAL CORPORATION
Title Insurance - Profile
The Title segment has continued a long-run trend of profitable growth
#3 in a concentrated industry
ā Lower capital requirements
$1.2 billion in equity supporting $4.4 billion of revenue (3.7x) at year-end 2021
2021 revenue from agency (78%) and direct operations (22%) through 275 offices
ā Continuing to expand presence in commercial real estate market (15.6% of 2021 premiums)
Title Revenue
$5.0
$4.4
$4.5
Title Market Share
Old
Republic
15.1%
$4.0
$3.5
$3.0
Fidelity
National
(FNF)
32.8%
$2.5
$2.0
Stewart
Title (STC)
9.6%
$1.5
Drop in re-fi transactions
$1.0
$0.5
First
American
Other
(FAF)
23.1%
19.4%
$-
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18 19 20 21 LTM
Source: American Land Title Association at 12/31/21
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