Who are the largest title companies in the United States?
First American Title is the largest title insurance company, with a 21% market share and more than $4 billion in premiums in 2020 — 41% more than the next-largest company.
However, Chicago Title, Fidelity National Title and Commonwealth Land Title are all owned by one parent company, Fidelity National Title Group. Together, they represent 31% of the title insurance market, with more than $6 billion in business.
Premiums written (in millions)
|First American Title||21%||$4,008|
|Old Republic National Title||15%||$2,830|
|Fidelity National Title||13%||$2,599|
|Stewart Title Guaranty||8%||$1,639|
|Westcor Land Title||6%||$1,112|
|Commonwealth Land Title||4%||$816|
|WFG National Title||3%||$569|
|Title Resources Guaranty||2%||$478|
|North American Title||2%||$349|
The title industry is dominated by a handful of large companies. The three largest companies — First American Title, Old Republic National Title and Chicago Title, respectively — account for close to 50% of the title insurance premiums written in the U.S.
The top 10 companies provide title insurance to 88% of customers. Of the remaining 38 title companies, only one — First National Title Insurance — holds a market share greater than 1%.
In 2020, the title insurance industry did over $19 billion in business.
Title company ratings
The National Association of Insurance Commissioners (NAIC) Complaint Index measures the number of complaints a company receives in relation to the size of its customer base. The 10 largest property title insurance companies all received above-average ratings, meaning that they have fewer customer complaints than expected.
Most of the companies also received excellent financial strength ratings from A.M. Best or Demotech, meaning they should have enough funds to pay out claims, even in difficult economic times. Title Resources Guaranty was the only company to receive a score below A.
Financial strength rating
NAIC Complaint Index
|First American Title||A (A.M. Best)||0.1|
|Old Republic National Title||A+ (A.M. Best)||0.05|
|Chicago Title||A" (Demotech)||0.11|
|Fidelity National Title||A' (Demotech)||0.13|
|Stewart Title Guaranty||A- (A.M. Best)||0.13|
|Westcor Land Title||A" (Demotech)||0.04|
|Commonwealth Land Title||A' (Demotech)||0.12|
|WFG National Title||A' (Demotech)||0.17|
|Title Resources Guaranty||B++ (A.M. Best)||0.21|
|North American Title||A' (Demotech)||0.42|
*The highest rating from Demotech is A
Frequently asked questions
What is a title company?
A title company is an insurance company that issues policies to protect a homeowner or lender if there is anything wrong with the title for a property. When you close on a home, whether you're finalizing a purchase or refinancing, title insurance covers the cost of correcting your title rights or provides compensation if you lose your property due to a claim resulting from inaccurate title records.
How do I choose a title company near me?
When it's time for you to choose a title insurance company, you'll want to consider both reputation and price. All 10 of the largest title companies have excellent customer service ratings from the NAIC. Nine of them also received high financial stability ratings.
Ask for referrals from your real estate agent, mortgage officer and closing attorney — they have experience working with title insurance companies and may be able to offer you a discount if they have a partnership with one company.
What is the difference between an escrow company vs. a title company?
Title insurance companies issue policies to protect homeowners and lenders against discrepancies with their property title. On the other hand, an escrow company holds funds in an account to be paid out at a later date. During the purchase process, your earnest money deposit is held in an escrow account until the closing paperwork is signed.
Market share, direct written premium and financial strength information for our list of title insurance companies was gathered from S&P Global, a top provider of financial data, research and analytics.