BellwetherBoard

Title Industry

ALTA quarterly title premium volume and underwriter order flow (FNF, First American, Stewart). Underwriter premiums and order counts are ingested automatically from SEC EDGAR filings and First American’s monthly IR workbook; ALTA premium volume is still entered manually each quarter.

ALTA_PREMIUM
ALTA Title Premium Volume
—$M
no entries yet
FNF_OPEN_ORDERS
FNF Open Title Orders
389K orders
2026-03-31 · +5.1% QoQ
  1. 2025-09-30370
  2. 2025-06-30366
  3. 2025-03-31343
FAF_OPEN_ORDERS
First American Open Title Orders (US direct ops only)
129,385orders
2026-06-01 · +9.1% QoQ
  1. 2026-05-01118,604
  2. 2026-04-01128,395
  3. 2026-03-01137,418
  4. 2026-02-01117,190
  5. 2026-01-01111,197
ORI_OPEN_ORDERS
Old Republic Open Title Orders
—K orders
no entries yet
STC_OPEN_ORDERS
Stewart Open Title Orders
84.708K orders
2026-03-31 · -3.1% QoQ
  1. 2025-09-3087.403
  2. 2025-06-3089.646
  3. 2025-03-3178.943

Add quarterly observation

Title Underwriter Volume

Order counts below cover each underwriter’s direct operations only. Agency-issued policies produce no order count anywhere, and agency is the majority of premium volume. These figures are not total market volume and are deliberately never summed across underwriters into a national figure.

Fidelity National Financial (FNF)

FNF Open Title Orders
389.0
+19.0
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters.

FNF Closed Title Orders
234.0
−16.0
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters.

FNF Fee Per File
$3,655
−$339
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA

First American (FAF)

fresh
First American Open Title Orders (US direct ops only)
129,385
+10,781
LAGS ~2wkJun 2026 · rel. Jul 27 · 8-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters. Per First American's own disclosure, their direct book disproportionately reflects the western US.

fresh
First American Closed Title Orders (US direct ops only)
96,606
+7,984
LAGS ~2wkJun 2026 · rel. Jul 27 · 8-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters. Per First American's own disclosure, their direct book disproportionately reflects the western US.

Stewart (STC)

Stewart Open Title Orders
84.7
−2.70
LAGS 1qMar 2026 · rel. May 6 · 5-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters.

Stewart Closed Title Orders
48.6
−10.7
LAGS 1qMar 2026 · rel. May 6 · 5-wk lag · NSA

Direct operations only. Agency-issued policies produce no order count anywhere, so this is not total market volume and must never be summed across underwriters.

Premiums & escrow ($M)

FNF Direct Title Premiums
$583M
−$171M
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA
FNF Agency Title Premiums
$788M
−$52M
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA

Agency premium. Agent premiums are remitted and recorded on roughly a one-quarter lag relative to direct premiums, so this series lags the underlying transactions by more than the filing date suggests.

FNF Escrow, Title-Related and Other Fees
$1,111M
−$550M
LAGS 1qMar 2026 · rel. May 8 · 5-wk lag · NSA
First American Direct Premiums AND Escrow Fees (combined line — not comparable to FNF_DIRECT_PREM)
No data — ingestion not yet run.
LAGS 1qno_data

Combines direct premiums and escrow fees in a single line; not comparable to FNF_DIRECT_PREM, which reports them separately.

First American Agent Premiums
$658.6M
+$56M
LAGS 1qJun 2026 · rel. Jul 23 · 3-wk lag · NSA

Agency premium. Agent premiums are remitted and recorded on roughly a one-quarter lag relative to direct premiums, so this series lags the underlying transactions by more than the filing date suggests.

Stewart Direct Title Premiums
No data — ingestion not yet run.
LAGS 1qno_data
Stewart Agency Title Premiums
$276.142M
+$1M
LAGS 1qMar 2026 · rel. May 6 · 5-wk lag · NSA

Agency premium. Agent premiums are remitted and recorded on roughly a one-quarter lag relative to direct premiums, so this series lags the underlying transactions by more than the filing date suggests.