Doma Holdings, Inc.
capinvestment.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 14, 2024. Its latest SEC filing is a 4 from Dec 9, 2024.
10-Q for Q2 FY2024, filed Aug 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Issues title insurance and provides title, escrow and settlement services for homeowners, lenders, and independent title agents.
10-K for FY2023, filed Apr 1, 2024
How Did They Make Money?
Earns premiums on title insurance for purchase and refinance transactions when policies close; for policies issued through independent agents, Doma receives the agent’s notice, generally when the agent receives cash. Escrow and other title-related fees are earned at the transaction closing.
10-K for FY2023, filed Apr 1, 2024
$310.9M
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10-K for FY2023, filed Apr 1, 2024
$310.9M ↗
Who Were Their Customers?
Independent title and escrow agents use Doma’s underwriting services; national lenders and mortgage originators partner with Doma for title, escrow and settlement services, reaching homeowners through those lender relationships.
10-K for FY2023, filed Apr 1, 2024Our primary business activity is the issuance of residential and commercial title insurance on purchase and refinance transactions. We also…View ↗
Third-Party Agents. Comprised of independent title and escrow agents utilizing our underwriting insurance services.View ↗
Doma Enterprise. Represents partnerships with national lenders and mortgage originators that maintain centralized lending operations.View ↗
Our Corporate and Other segment reflects our operations related to the execution of our title, escrow and settlement services through our…View ↗
Did Revenues Turn Into Profits?
No. It lost $124.4M in FY2023.
10-K for FY2023, filed Apr 1, 2024
−$74.9MView ↗
10-K for FY2023, filed Apr 1, 2024
−$124.4MView ↗
10-K for FY2023, filed Apr 1, 2024
−$84.8MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Aug 14, 2024
−$20.4MView ↗
- ▼ −43% (Loss)
- vs −$35.9M in Q2 FY2023
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Sep 27, 2024
Parent completed its acquisition of Doma
Each eligible common share was converted into the right to receive $6.29 in cash.
Sources
8-K, filed Sep 27, 2024
On the Closing Date, Parent completed the acquisition of the Company. Pursuant to the Merger Agreement, at the effective time of the Merger…View ↗
Shrank. Revenue fell 13% in 4 years, from $358.1M in FY2019 to $310.9M in FY2023, about 3% a year.
A different business
The older report describes Capitol as a company formed to acquire or merge with a business; the latest report describes Doma as issuing title insurance and providing title, escrow and settlement services.
10-K for FY2020, filed Mar 1, 2021 10-K for FY2023, filed Apr 1, 2024We were originally formed as a Cayman Islands exempted company on May 1, 2017. In May 2019, we redomesticated from the Cayman Islands to…View ↗
Our primary business activity is the issuance of residential and commercial title insurance on purchase and refinance transactions. We also…View ↗
Who Did They Compete With?
Competes with Fidelity National Financial, First American Financial, Old Republic International, and Stewart Information Services
10-K for FY2023, filed Apr 1, 2024The traditional title and escrow market is highly concentrated by legacy, incumbent players. The “big four” providers of traditional title…View ↗
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