Capitol Investment Corp. V SPAC Merger Partner Doma Q1 Revenues $128M, Up 80% YoY

Author: Bill Haddad | May 25, 2021 04:13pm

• Total revenues of $128 million, up 80% versus Q1 2020
• Closed orders of 33 thousand, up 83% versus Q1 2020
• Retained premiums and fees of $57 million, up 52% versus Q1 2020
• Gross profit of $26 million, up 98% versus Q1 2020
• Adjusted gross profit of $29 million, up 101% versus Q1 2020
• Added Wells Fargo, the nation’s largest bank mortgage originator, as a new Strategic & Enterprise Account
• Expanded geographic footprint of Strategic and Enterprise Accounts channel to cover 75% of the country through adding Massachusetts, South Carolina, Texas, and Wisconsin
• Announced plans to become publicly traded via merger with Capitol Investment Corp. V

Posted In: CAP