Increase in Consolidated Pretax Operating Income
Consolidated pretax operating income increased to $285 million in Q4 2024 from $237 million in Q4 2023.
Specialty Insurance Growth
Specialty Insurance net premiums earned grew by 13% in Q4 2024 with pretax operating income rising to $228 million from $195 million last year.
Title Insurance Performance
Title Insurance grew premiums and fees by 9% and increased pretax operating income to $55 million from $44 million in Q4 2023.
Special Dividend and Capital Management
A special dividend of $2 per share was declared, contributing to a total capital return of just over $1.7 billion for the year.
Investment Income Increase
Net investment income increased by 10% in the quarter and 16% for the year, driven by higher yields on the bond portfolio.