News‎ > ‎

ATGF Reports Record Profits

posted Mar 6, 2017, 1:37 PM by web admin
For Immediate Release 
Denver, Colorado March 3, 2017

Eric Morgan, President of Attorneys Title Guaranty Fund, Inc. (ATGF) is pleased to announce the 2016 annual statement reports a net profit of $553,870, the company’s best financial performance in more than a decade.  

Eric Morgan attributed the strong 2016 financial performance to several factors, including reduced claims on business done in the company’s proprietary title software, strong revenue growth and obtaining licenses in two additional states.  “We had a very successful year on a number of fronts, including expanding our agent base and gaining our Certificate of Authority to operate as an underwriter in two additional states, which is already boosting our bottom line.” 

Morgan points to the company’s proprietary web-based EPIC (Electronic Policy Issuance Capability) title production and underwriting system as the primary driver of the company’s upward trajectory.  “The single most important aspect of the transformation of the company in the last few years has been the deployment of the EPIC system to all of our agents.  It has had a tremendous impact in several ways, including a dramatic reduction in claims expense in recent policy years since we moved all our agents onto the system.  It’s also created tremendous efficiencies for both ATGF and our agents.” The company provides the system to all its agents free of charge.  

Morgan also added the company remains steadfast in its commitment to independent agents. “That’s really what we are about, supporting independent agents.  That’s why everyone on our team gets up and comes to work in the morning – to help our agents succeed.  It’s the absolute core of our company culture.”

About Attorneys Title Guaranty Fund, Inc.

Founded in 1960, ATGF has been providing best in class title insurance underwriting and services for more than 50 years.  The company’s mission is helping agents succeed through trusted products and services, innovative technology and amazing support.  The company currently pursues this mission by underwriting, training and supporting agents in Colorado, Utah, Minnesota and North Dakota, ATGF has maintained a strong Financial Stability Rating® (FSR) of A, Exceptional, from the independent rating agency, Demotech, Inc. 

For more information on ATGF or EPIC, contact ATGF’s president, Eric Morgan at emorgan@atgf.net or 303-383-4321. www.atgf.net

####

Comments