Our Financial Strength
A Record Commercial Quarter Ensures
STRONG FINISH FOR THE YEAR
Fidelity National Title Group is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and 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.
Title Operation Performance
Commercial Real Estate Overview
Our commercial operations finished 2018 with quarterly company record-breaking numbers, as fourth quarter total commercial revenue was $324 million. This represented a 13% increase over the same quarter in 2017. This was driven primarily by a 6% increase in total commercial fee per file as well as a 6% increase in closed orders. Full year 2018 total commercial revenue was also a company record at $1.1 billion.
Residential Real Estate Overview
Residential purchase opened orders and closed orders decreased by 6% in the fourth quarter versus the same quarter of 2017. The mix of business trend towards purchase transactions was sustained once again in the fourth quarter, with purchase business accounting for 67% of opened and 69% of closed orders.
Optimistically Moving into 2019
Moving into 2019, we expect another strong performance from our commercial operations. We believe we are well-positioned to capitalize on our commitment to reducing risk and remaining laser-focused on cost management. We will continue to monitor our key operating metrics as we strive to maximize our profitability and create value for our shareholders.
© 2019 Fidelity National Financial