Stewart Market Share Update - Winter 2009
Articles from The Massachusetts Focus
Newsletter of Stewart Title Guaranty Company, Massachusetts Offices
Winter 2009, Volume 8, Number 2
Stewart Market Share Update
by Craig J. Celli, Massachusetts State Manager
It has been the practice of Stewart’s Boston office to update its agents about Stewart’s market share growth in Massachusetts. Along with many of you, while working for two different law offices and owning my own, I was a Stewart agent from the mid-nineties through 2006. During that time, Stewart would place anywhere from third to sixth place in Massachusetts with a market share that vacillated between 8% and 9%.
Stewart is very proud to report that, as of the second quarter of 2009, Stewart has increased its market share to 14.9% (second in Massachusetts), almost doubling its percentage in less than three years. It is the eighth consecutive quarter in which Stewart increased its market share. The upcoming third quarter report will be very exciting as well, as Stewart’s revenues in the third quarter were its largest of any quarter in the same three-year period.
These numbers just don’t appear out of thin air. It is the dedication and loyalty of you, our agents, that make it happen. We endeavor to provide the best support possible, and I think we do a tremendous job, but in an industry where the customer has options, I appreciate how often you have chosen Stewart Title.
This is a success story that continues to be written. As a company we have a long way to go before we are satisfied with our position in the market. We can be even better. We can provide even greater support.
For our customers, we will continue to strive for perfection. Thank you for your business and trust, and for choosing Stewart Title.