Seaton noted that commercial refinance represented roughly 40% of commercial premiums in 2025 versus a historical level around 30%, citing some lenders moving to shorter loan maturities that can drive more frequent refinancing. In response to analyst questions, he added that he expects this refinancing dynamic to remain a “tailwind” for several years and that premiums are “basically the same” for commercial purchase and refinance transactions.Commercial title revenue increased 35% to $339 million, supported ...