Our second quarter results reflect continued strong performance across the business, highlighted by strength in our commercial, residential, and agency businesses. Additionally, our disciplined expense management drove strong incremental margins. Looking at our title results more closely, Starting with purchase, U.S. existing home sales remain at historically low levels at around the $4 million annual pace due to elevated mortgage rates and housing market dynamics.

Aug 6, 2026 / receipt, needs a key / Mike Nolan, CEO | earnings call 2026-08-06 | transcript 920b46ef-3de4-4997-adec-bc57311680b8 | chars 2874-3343 | segment 2

Additionally, our disciplined expense management drove strong incremental margins.

May 7, 2026 / receipt, needs a key / Mike Nolan, CEO | earnings call 2026-05-07 | transcript 25e18168-8429-46da-9a2f-030efc8cc6b4 | chars 2355-2437 | segment 2

All in, the title business generated adjusted pre-tax title earnings of $401 million compared with $343 million for the fourth quarter of 2024 and a 17.5% adjusted pre-tax title margin for the quarter versus 16.6% in the prior year quarter. As Mike said earlier, these results were driven by strong performance across the business as well as disciplined expense management.

Feb 20, 2026 / receipt, needs a key / Tony Park, CFO | earnings call 2026-02-20 | transcript 136bd73a-933e-4ea2-8a91-e5f1d7712a65 | chars 13312-13685 | segment 13