Benzinga | May 25, 2021 04:13PM EDT

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

* 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