Without question our core business revolves around title insurance. We are the largest and most profitable title insurance company in the industry and provide centralized and distributed title and settlement services through the United States, Canada, and many international locations.
Part of our innovative history is our ability to take the lessons learned from creating the industry’s leading title insurance companies and apply what we’ve learned and the management practices that made us successful to other investment opportunities. Our investment strategy and disciplined management of these opportunities will continue to generate meaningful value for our shareholders.
While the overall real estate market remains challenged, we are proud of our results and the ongoing efforts of our employees to deliver high-quality services in a cost efficient manner.
Mortgage originations have trended lower over the last several years with 2013 totals being estimated at less than half of peak years.
Despite mortgage origination volumes being will below peak levels, our title-zrelated companies continue to find ways to thrive, capture market share, and increase profitability.
Our priorities for diversification center around unregulated, non-title related industries. Whether these opportunities are in the restaurant and food services industry, auto parts manufacturing sector, or the outsourced human resources, payroll, benefits and payments solutions industry we are confident that our investment strategy and disciplined management of these opportunities will continue to generate meaningful value for our shareholders.