LandAmerica Financial Group reported record consolidated operating revenue for third-quarter 2005 of $1.02 billion, an increase of $163 million, or 19 percent, over third-quarter 2004. Acquisitions completed since Sept. 30, 2004, contributed approximately $20.5 million to this increase, the company said. Operating revenue for the Title Operations segment for third-quarter 2005 was $955.6 million, an increase of $146.8 million, or 18.2 percent, over third-quarter 2004. Operating revenue for the Lender Services segment increased 7.7 percent to $36.5 million for third-quarter 2005 over third-quarter 2004. The company reported third-quarter net income of $41.6 million, or $2.31 per share, up 24 percent from $33.5 million, or $1.88 per share, a year ago. "I am pleased to report record...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.