GITNUXREPORT 2026

Title Industry Statistics

The U.S. title industry grew to $23.7 billion in 2023, driven by commercial and residential real estate.

Gitnux Team

Expert team of market researchers and data analysts.

First published: Feb 13, 2026

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Statistic 1

Industry losses paid: $450 million in 2023.

Statistic 2

Loss ratio: 4.2% for the title industry in 2023.

Statistic 3

Average claim size: $125,000 in 2023.

Statistic 4

Fraud-related claims: 28% of total losses in 2023.

Statistic 5

Forgery claims declined 15% YoY in 2023.

Statistic 6

Reserves for losses: $1.8 billion at year-end 2023.

Statistic 7

Claims frequency: 0.12% of policies in 2023.

Statistic 8

Residential loss ratio: 3.8%, commercial 5.1% in 2023.

Statistic 9

Wire fraud claims: $210 million paid in 2023.

Statistic 10

Mechanic's lien claims: 12% of total in 2023.

Statistic 11

Title defect claims: 35% of losses 2023.

Statistic 12

Loss adjustment expenses: $180 million in 2023.

Statistic 13

Claims denied rate: 22% in 2023.

Statistic 14

Florida claims paid: $65 million in 2023.

Statistic 15

Cyber-related title claims up 40% in 2023.

Statistic 16

Historical loss development: favorable $120M in 2023.

Statistic 17

Bulk sales claims rare, <1% of total 2023.

Statistic 18

Lender policy claims: 60% of total losses 2023.

Statistic 19

Owner policy claims: 40% share in 2023.

Statistic 20

Claims per million policies: 1,200 in 2023.

Statistic 21

Tort reform reduced claims 10% in key states 2023.

Statistic 22

Environmental claims: 5% of total 2023.

Statistic 23

Post-closing claims: 18% increase in 2023.

Statistic 24

Total incurred losses: $650 million in 2023.

Statistic 25

Employment in title insurance: 65,000 full-time equivalents in 2023.

Statistic 26

Title agents employ 45,000 people nationwide.

Statistic 27

Average salary for title examiners: $58,000 in 2023.

Statistic 28

Escrow officers: 25,000 licensed in U.S. 2023.

Statistic 29

Turnover rate in title production: 28% annually.

Statistic 30

Remote work adoption: 55% of title workforce in 2023.

Statistic 31

Diversity: 42% women in executive roles 2023.

Statistic 32

Training hours per employee: 24 annually.

Statistic 33

Florida title workforce: 12,000 employees.

Statistic 34

Automation reduced staff needs by 15% since 2020.

Statistic 35

Entry-level title processor salary: $42,000 avg.

Statistic 36

Senior underwriter salary: $110,000 median 2023.

Statistic 37

Contractor usage: 30% of title workforce.

Statistic 38

Job openings: 5,200 unfilled positions 2023.

Statistic 39

Productivity per employee: $350,000 revenue.

Statistic 40

Branch office count: 15,000 nationwide.

Statistic 41

Tech roles in title: up 40% since 2020.

Statistic 42

Unionized workforce: <2% in title industry.

Statistic 43

Overtime hours average: 120 per year per employee.

Statistic 44

Benefits cost: 28% of payroll 2023.

Statistic 45

Retention bonus usage: 35% of firms 2023.

Statistic 46

Internships in title: 1,200 offered yearly.

Statistic 47

Aging workforce: 35% over 55 years old.

Statistic 48

Multilingual staff: 18% of workforce.

Statistic 49

HR tech adoption: 65% in title firms.

Statistic 50

Layoffs in 2023: 4% of workforce due to low refi.

Statistic 51

In 2023, U.S. title insurance premiums reached $23.7 billion, up 7% from 2022.

Statistic 52

Title insurance industry market size was valued at $22.5 billion in 2022.

Statistic 53

The title insurance market is projected to grow at a CAGR of 4.2% from 2024 to 2030.

Statistic 54

Residential title insurance premiums accounted for 62% of total premiums in 2023.

Statistic 55

Commercial title insurance premiums grew 12% year-over-year in 2023.

Statistic 56

Number of title insurance orders in 2023 totaled 28.5 million.

Statistic 57

Title insurance market in Florida represented 15% of national premiums in 2022.

Statistic 58

Global title insurance market size estimated at $35 billion in 2023.

Statistic 59

U.S. title agent count stood at 4,200 in 2023.

Statistic 60

Title insurance penetration rate in U.S. real estate transactions is 85%.

Statistic 61

2023 refinance title orders increased 45% from 2022.

Statistic 62

Purchase title orders made up 92% of total orders in 2023.

Statistic 63

Title escrow fee revenue hit $12.4 billion in 2023.

Statistic 64

Industry assets totaled $68 billion as of year-end 2023.

Statistic 65

Surplus funds in title insurers reached $45 billion in 2023.

Statistic 66

Number of title policies issued in 2023 was 32 million.

Statistic 67

Average title premium per policy was $742 in 2023.

Statistic 68

Texas title market share was 10% of U.S. total in 2022.

Statistic 69

California title premiums exceeded $3.5 billion in 2023.

Statistic 70

New York title insurance premiums totaled $2.1 billion in 2023.

Statistic 71

Industry CAGR from 2018-2023 was 3.8%.

Statistic 72

Projected 2024 premiums: $24.5 billion.

Statistic 73

Digital title orders now 25% of total in 2023.

Statistic 74

Title industry consolidation reduced underwriters to 52 in 2023.

Statistic 75

Home equity lending drove 8% premium growth in 2023.

Statistic 76

Second-lien title orders up 60% in 2023.

Statistic 77

Total face amount of policies: $4.2 trillion in 2023.

Statistic 78

Average loan amount insured: $285,000 in 2023.

Statistic 79

Multifamily title premiums rose 15% in 2023.

Statistic 80

Title insurance direct premiums written: $23.1 billion in 2022.

Statistic 81

First American Financial's 2023 title revenue was $5.4 billion.

Statistic 82

Fidelity National Title Group premiums: $10.2 billion in 2023.

Statistic 83

Old Republic Title revenue from premiums: $1.9 billion in 2023.

Statistic 84

Stewart Title net premiums earned: $1.7 billion in 2023.

Statistic 85

Average title insurance premium rate: 0.56% of loan amount in 2023.

Statistic 86

Escrow and settlement fees: 52% of total industry revenue in 2023.

Statistic 87

Investment income for title insurers: $2.1 billion in 2023.

Statistic 88

Net income for top 5 title insurers: $2.8 billion in 2023.

Statistic 89

Pre-tax title income: $3.5 billion industry-wide in 2023.

Statistic 90

Residential premiums per order: $650 average in 2023.

Statistic 91

Commercial premiums average: $15,200 per policy in 2023.

Statistic 92

Refinance premiums declined 20% in 2023 vs. peak.

Statistic 93

Direct premiums vs. assumed: 85% direct in 2023.

Statistic 94

Florida title premiums: $3.2 billion in 2023.

Statistic 95

Agent premiums remitted: 78% of gross premiums in 2023.

Statistic 96

Title revenue growth: 6.5% YoY for top firms in 2023.

Statistic 97

Expense ratio for title insurers: 42% in 2023.

Statistic 98

Combined ratio: 88.5% industry average 2023.

Statistic 99

Policy acquisition costs: 25% of premiums in 2023.

Statistic 100

Search and exam fees: $4.1 billion in 2023.

Statistic 101

Closing services revenue: $8.9 billion in 2023.

Statistic 102

Ancillary fee income: 15% of total revenue 2023.

Statistic 103

Premium retention rate by agents: 22% average 2023.

Statistic 104

International premiums for U.S. firms: $500 million in 2023.

Statistic 105

GAAP premiums earned: $22.8 billion in 2023.

Statistic 106

Statutory premiums: $23.9 billion reported 2023.

Statistic 107

Premiums from HELOCs: $1.2 billion in 2023.

Statistic 108

Title loss revenue impact: deducted $1.1 billion in 2023.

Statistic 109

Regulatory filings by title firms: 12,000 annually.

Statistic 110

State rate filings: 450 approved in 2023.

Statistic 111

Title insurance rate regulation in 42 states.

Statistic 112

ALTA compliance audits: 2,500 conducted yearly.

Statistic 113

Consumer complaints: 1,200 filed in 2023.

Statistic 114

CFPB enforcement actions: 3 against title firms 2023.

Statistic 115

RESPA violations fined: $15 million in 2023.

Statistic 116

Digital closing regulations in 28 states.

Statistic 117

M&A approvals: 18 by regulators in 2023.

Statistic 118

Cybersecurity regulation compliance: 95% of firms.

Statistic 119

ESG reporting mandatory in 5 states for title insurers.

Statistic 120

Premium tax revenue to states: $1.2 billion 2023.

Statistic 121

Legislative bills tracked: 320 in 2023.

Statistic 122

TRID compliance rate: 98% in title closings.

Statistic 123

AML program audits: 100% coverage 2023.

Statistic 124

Data privacy laws impact: GDPR-like in 10 states.

Statistic 125

Lender-placed insurance regs tightened 2023.

Statistic 126

Title curative actions required: 8% of transactions.

Statistic 127

Notary public count: 4.5 million, title uses 20%.

Statistic 128

Insurance dept exams: 45 title insurers annually.

Statistic 129

Rebate prohibitions enforced in 47 states.

Statistic 130

Blockchain title pilots approved in 6 states.

Statistic 131

Climate risk disclosures mandated for insurers.

Statistic 132

Vendor management regs: 75% compliance boost.

Statistic 133

1031 exchange title policies: regulated federally.

Statistic 134

Post-TRID fee bundling complaints down 30%.

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While $23.7 billion in U.S. title insurance premiums last year paints a picture of a thriving industry, the real story is found in the surprising market forces and digital shifts reshaping this foundational pillar of real estate.

Key Takeaways

In 2023, U.S. title insurance premiums reached $23.7 billion, up 7% from 2022.
Title insurance industry market size was valued at $22.5 billion in 2022.
The title insurance market is projected to grow at a CAGR of 4.2% from 2024 to 2030.
First American Financial's 2023 title revenue was $5.4 billion.
Fidelity National Title Group premiums: $10.2 billion in 2023.
Old Republic Title revenue from premiums: $1.9 billion in 2023.
Industry losses paid: $450 million in 2023.
Loss ratio: 4.2% for the title industry in 2023.
Average claim size: $125,000 in 2023.
Employment in title insurance: 65,000 full-time equivalents in 2023.
Title agents employ 45,000 people nationwide.
Average salary for title examiners: $58,000 in 2023.
Regulatory filings by title firms: 12,000 annually.
State rate filings: 450 approved in 2023.
Title insurance rate regulation in 42 states.

The U.S. title industry grew to $23.7 billion in 2023, driven by commercial and residential real estate.

Claims and Losses

Industry losses paid: $450 million in 2023.
Loss ratio: 4.2% for the title industry in 2023.
Average claim size: $125,000 in 2023.
Fraud-related claims: 28% of total losses in 2023.
Forgery claims declined 15% YoY in 2023.
Reserves for losses: $1.8 billion at year-end 2023.
Claims frequency: 0.12% of policies in 2023.
Residential loss ratio: 3.8%, commercial 5.1% in 2023.
Wire fraud claims: $210 million paid in 2023.
Mechanic's lien claims: 12% of total in 2023.
Title defect claims: 35% of losses 2023.
Loss adjustment expenses: $180 million in 2023.
Claims denied rate: 22% in 2023.
Florida claims paid: $65 million in 2023.
Cyber-related title claims up 40% in 2023.
Historical loss development: favorable $120M in 2023.
Bulk sales claims rare, <1% of total 2023.
Lender policy claims: 60% of total losses 2023.
Owner policy claims: 40% share in 2023.
Claims per million policies: 1,200 in 2023.
Tort reform reduced claims 10% in key states 2023.
Environmental claims: 5% of total 2023.
Post-closing claims: 18% increase in 2023.
Total incurred losses: $650 million in 2023.

Claims and Losses Interpretation

While title insurers paid out nearly half a billion dollars last year, the industry's low claims frequency and strong reserves show it's more a case of paying for expensive peace of mind than battling rampant instability.

Employment and Workforce

Employment in title insurance: 65,000 full-time equivalents in 2023.
Title agents employ 45,000 people nationwide.
Average salary for title examiners: $58,000 in 2023.
Escrow officers: 25,000 licensed in U.S. 2023.
Turnover rate in title production: 28% annually.
Remote work adoption: 55% of title workforce in 2023.
Diversity: 42% women in executive roles 2023.
Training hours per employee: 24 annually.
Florida title workforce: 12,000 employees.
Automation reduced staff needs by 15% since 2020.
Entry-level title processor salary: $42,000 avg.
Senior underwriter salary: $110,000 median 2023.
Contractor usage: 30% of title workforce.
Job openings: 5,200 unfilled positions 2023.
Productivity per employee: $350,000 revenue.
Branch office count: 15,000 nationwide.
Tech roles in title: up 40% since 2020.
Unionized workforce: <2% in title industry.
Overtime hours average: 120 per year per employee.
Benefits cost: 28% of payroll 2023.
Retention bonus usage: 35% of firms 2023.
Internships in title: 1,200 offered yearly.
Aging workforce: 35% over 55 years old.
Multilingual staff: 18% of workforce.
HR tech adoption: 65% in title firms.
Layoffs in 2023: 4% of workforce due to low refi.

Employment and Workforce Interpretation

Despite paying entry-level salaries fit for a cartoon villain, the title industry is hemorrhaging a quarter of its workforce annually while simultaneously complaining of thousands of unfilled openings, a self-inflicted wound only partially bandaged by remote work and retention bonuses that can't compete with the gravitational pull of burnout.

Market Size and Growth

In 2023, U.S. title insurance premiums reached $23.7 billion, up 7% from 2022.
Title insurance industry market size was valued at $22.5 billion in 2022.
The title insurance market is projected to grow at a CAGR of 4.2% from 2024 to 2030.
Residential title insurance premiums accounted for 62% of total premiums in 2023.
Commercial title insurance premiums grew 12% year-over-year in 2023.
Number of title insurance orders in 2023 totaled 28.5 million.
Title insurance market in Florida represented 15% of national premiums in 2022.
Global title insurance market size estimated at $35 billion in 2023.
U.S. title agent count stood at 4,200 in 2023.
Title insurance penetration rate in U.S. real estate transactions is 85%.
2023 refinance title orders increased 45% from 2022.
Purchase title orders made up 92% of total orders in 2023.
Title escrow fee revenue hit $12.4 billion in 2023.
Industry assets totaled $68 billion as of year-end 2023.
Surplus funds in title insurers reached $45 billion in 2023.
Number of title policies issued in 2023 was 32 million.
Average title premium per policy was $742 in 2023.
Texas title market share was 10% of U.S. total in 2022.
California title premiums exceeded $3.5 billion in 2023.
New York title insurance premiums totaled $2.1 billion in 2023.
Industry CAGR from 2018-2023 was 3.8%.
Projected 2024 premiums: $24.5 billion.
Digital title orders now 25% of total in 2023.
Title industry consolidation reduced underwriters to 52 in 2023.
Home equity lending drove 8% premium growth in 2023.
Second-lien title orders up 60% in 2023.
Total face amount of policies: $4.2 trillion in 2023.
Average loan amount insured: $285,000 in 2023.
Multifamily title premiums rose 15% in 2023.
Title insurance direct premiums written: $23.1 billion in 2022.

Market Size and Growth Interpretation

It appears America is diligently building and insuring its financial empire, one title policy at a time, to the satisfying tune of over $23 billion last year, with a side of impressive growth and a few billion in surplus just in case anyone forgets their property's history.

Premiums and Revenues

First American Financial's 2023 title revenue was $5.4 billion.
Fidelity National Title Group premiums: $10.2 billion in 2023.
Old Republic Title revenue from premiums: $1.9 billion in 2023.
Stewart Title net premiums earned: $1.7 billion in 2023.
Average title insurance premium rate: 0.56% of loan amount in 2023.
Escrow and settlement fees: 52% of total industry revenue in 2023.
Investment income for title insurers: $2.1 billion in 2023.
Net income for top 5 title insurers: $2.8 billion in 2023.
Pre-tax title income: $3.5 billion industry-wide in 2023.
Residential premiums per order: $650 average in 2023.
Commercial premiums average: $15,200 per policy in 2023.
Refinance premiums declined 20% in 2023 vs. peak.
Direct premiums vs. assumed: 85% direct in 2023.
Florida title premiums: $3.2 billion in 2023.
Agent premiums remitted: 78% of gross premiums in 2023.
Title revenue growth: 6.5% YoY for top firms in 2023.
Expense ratio for title insurers: 42% in 2023.
Combined ratio: 88.5% industry average 2023.
Policy acquisition costs: 25% of premiums in 2023.
Search and exam fees: $4.1 billion in 2023.
Closing services revenue: $8.9 billion in 2023.
Ancillary fee income: 15% of total revenue 2023.
Premium retention rate by agents: 22% average 2023.
International premiums for U.S. firms: $500 million in 2023.
GAAP premiums earned: $22.8 billion in 2023.
Statutory premiums: $23.9 billion reported 2023.
Premiums from HELOCs: $1.2 billion in 2023.
Title loss revenue impact: deducted $1.1 billion in 2023.

Premiums and Revenues Interpretation

A multi-billion dollar game of 'pass the parcel' played with property deeds, where everyone makes serious money on the side before the music stops and the actual risk of a claim—which seems to be almost an afterthought—occasionally takes a tiny bow.

Regulatory and Legal

Regulatory filings by title firms: 12,000 annually.
State rate filings: 450 approved in 2023.
Title insurance rate regulation in 42 states.
ALTA compliance audits: 2,500 conducted yearly.
Consumer complaints: 1,200 filed in 2023.
CFPB enforcement actions: 3 against title firms 2023.
RESPA violations fined: $15 million in 2023.
Digital closing regulations in 28 states.
M&A approvals: 18 by regulators in 2023.
Cybersecurity regulation compliance: 95% of firms.
ESG reporting mandatory in 5 states for title insurers.
Premium tax revenue to states: $1.2 billion 2023.
Legislative bills tracked: 320 in 2023.
TRID compliance rate: 98% in title closings.
AML program audits: 100% coverage 2023.
Data privacy laws impact: GDPR-like in 10 states.
Lender-placed insurance regs tightened 2023.
Title curative actions required: 8% of transactions.
Notary public count: 4.5 million, title uses 20%.
Insurance dept exams: 45 title insurers annually.
Rebate prohibitions enforced in 47 states.
Blockchain title pilots approved in 6 states.
Climate risk disclosures mandated for insurers.
Vendor management regs: 75% compliance boost.
1031 exchange title policies: regulated federally.
Post-TRID fee bundling complaints down 30%.

Regulatory and Legal Interpretation

The sheer volume of regulations, audits, and filings paints a picture of an industry so thoroughly monitored it’s a wonder anyone finds time to actually insure a title, yet somehow they still manage to generate a billion dollars in tax revenue for the states keeping them in check.

Sources & References

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