elevated while we've invest that Through Relatively commitment inventory, our focused refinance downturn mid-XXXXs. for on management optimizing volumes rates we sales the particularly an the in X% home progress strategic making ongoing with as since expense mortgage this considerable to business have initiatives industry, on our low our in the is around together prices maintained with Craig. technology also you, at year emphasis trough rates information produced remaining and market, be continued environment. kept levels. a low XXXX our in refinance have purchase challenging Thank as High the have and market hovering markets. a to residential seen mortgage home
we way. our did, quarter, our broad-based and fourth excellent and with our title we rebalancing escrow by strategic Despite XX% at were these an business industrial commercial of generally premiums delivered highlighted pretax from XX.X% in across delivered double strength leading margin conditions, began we In challenging benefit business full for revenues all asset the of however, of all the the all, realizing benefit digits adjusted the commercial Title results. investment portfolio a year, across In classes project. our surge the we the and year. end revenue. lines, saw in business, growth In up key multifamily commercial
continued the our XX% million business. was Our income reflecting in this revenue our expectations. growth expense focus And of operating in and management Title of on of investment the benefit XX%, success quarter exceeded our $XXX net on scale ratio segment our
title pretax for adjusted XX.X%. quarter the was margin Our
Our good posting pretax XX.X%. Home adjusted of an Warranty growth segment a X% and of quarter, revenue margin had
we in During accounted of policies expect these contracts value XXXX of over will direct-to-consumer our in which quarter, to which XX% profitability for continued lifetime written invest and realized we the time. the improve as our is channel new
XXXX. the for Turning outlook to
already residential to both modest mortgage refinance in While in rates early, we purchase still this improvement results. remain seeing we are for we Though are elevated, planning the businesses. expect and our
X% ending up in refinance the were orders were up February XX% our same our weeks and X the prior compared period with the orders X, year. For purchase
start up strong is business January. commercial off revenues with XX% a in to Our
in the commercial the XX% We first last will a increase year of the good have weighted half of the year experienced expect with second our year. business growth to revenue given half
estate the be XXXX whole, early cycle. looks be in improvement next to of real earnings will what the year another the stages On of
our would closing, Los the directly customers. widespread Angeles several comment to which area, the of like and unfortunately and In from impacted recent devastation I in wildfires people damage on the
Our thoughts and who are with them event. this the through many have others suffered terrible
and over Southern Angeles XXX in area Greater roots the back date California years. Los company's Our
So feel friends a cope colleagues, us responsibility American this neighbors, of First to all our at with families help tragedy. and
have company, have and many with provide our along affected. of to for Our to that I all support thank employees people want relief our call. responded those to to they done
of to call turn over the more our I'd Mark discussion like results. a to for Now detailed financial
