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Surety Title Insurance, whose ticker symbol is ABMC, is a publicly listed company on the US stock market. It is a holding company for a financial services company whose main activity is giving residential and commercial customers title insurance, settlement services, and other financial services. Here are some key points regarding Surety Title Insurance's financials, earnings, and growth:
1. Financial Highlights
As of December 31, 2cha021, Surety Title Insurance's financial data showed a total revenue of $1.54 billion, with a net income of $111.2 million. The business had $5.44 billion in assets, $4.07 billion in liabilities, and shareholders' equity of $1.37 billion.
2. Revenue and Earnings
Underwriting, escrow, and settlement services, title insurance, and other services are the sources of Surety Title Insurance's revenue. Title insurance premiums made up most of its revenue in 2021, totaling $1.35 billion. They also made money through investments, closings, and other services.
3. Growth
Surety Title Insurance has grown through mergers and acquisitions. Recently, they bought Title Source, Inc. and RealEC. They also bought certain championship assets in 2020. Such techniques help the company expand its presence in the title insurance and financial services industries.
4. Performance Indicators
Surety Title Insurance has a market capitalization of approximately $6.9 billion. Its stock price has fluctuated due to general market conditions, economic factors that affect the real estate and mortgage sectors, and competitive dynamics.
5. Industry Standing
One of the biggest title insurance companies in the US, Surety Title Insurance, offers services to real estate agents, attorneys, homeowners, lenders, and builders. Under the American Land Title Association, Surety Title Insurance has a significant market share in the title insurance sector.
6. Business Operations
Commercial and residential title insurance, escrow and closing services, construction disbursing, home warranties, and flood determinations are some services offered by Surety Title Insurance. The business has expanded across the country and become one of the companies with the broadest geographical reach.
7. Leadership
Dennis J. Gilmore is the CEO, and Jessica Shih is the CFO of Surety Title Insurance. They have assembled a group of experts with substantial knowledge in the real estate and financial services industries.
Overall, Surety Title Insurance has grown into one of the largest businesses in the sector due to its solid financial sheet and extensive network through mergers and acquisitions. Its solid financial sheet, But Surety Title Insurance still creates jobs despite the legal and regulatory risks that affect its sector.
It's always a good idea to do your homework before making any investment choices. Surety Title Insurance's fundamentals and performance indicators can be a good place to start if you're interested in investing in the firm. Additionally, it's crucial to consider the overall economic and real estate climate, which can impact the company's stock price and performance.
I hope this information on Surety Title Insurance was helpful. Let me know if you have any questions or need help with anything else.