Old Republic Title Posts Record Results for 2020

In 2020, revenues exceeded $3 billion for the first time in Old Republic Title Insurance Group’s (ORTIG) history, coming in at $3.3 billion. Pretax operating earnings also exceeded $300 million for the first time. Operating results continue to be bolstered by both direct and independent agency operations. Our commitment to our agency partners remains undeterred, with 75% of our 2020 business coming from the independent agency channel.

ORTIG’s capital base, which supports our industry-leading financial position, benefited from strong operating results in 2020. Our claim reserves-to-average claim payments ratio remains the highest among large national title insurers. Since 1992, no other title insurance underwriter has had higher overall financial strength ratings, as reported by independent ratings agencies. This recognizes our strong operating performance, capital management practices, conservative reserving, quality underwriting standards, and commitment to providing technology-based solutions to our title agents and customers.

As outlined in the summary of financial data (see the news release linked below), pretax earnings were $344.0 million in 2020. The claim ratio, at 2.3% for 2020, has remained near historic lows for a number of years, due to a continuation of favorable trends in claims frequency and severity.

For more information and 2020 financial highlights, see the Title Insurance Segment Results section of the January 28, 2021 news release from Old Republic International Corporation, Old Republic Title's parent company.