Ticor Title is the nation’s largest title insurance company through its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more title insurance policies than any other title company in the United States.
The fourth quarter was a strong finish to 2015 for our title business, as we again led the title industry with a 13.8% pre-tax title margin. The purchase market showed continued growth, as our open and closed purchase orders grew by approximately 9% for the fourth quarter and full-year 2015.
We had a record quarter in our commercial business, generating $303 million in total commercial revenue, an 11% increase over the fourth quarter of 2014. For full-year 2015, total commercial revenue was more than $1 billion, a 20% increase over full-year 2014.