secwatch.observer — SEC 8-K summary
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Issuer:     OLD REPUBLIC INTERNATIONAL CORP (ORI)
CIK:        0000074260
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000074260-22-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Republic Q2 adjusted EPS dips 5.5% to $0.69; GAAP net loss of $0.13 on $317M investment losses
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- Pretax operating income (ex-investment gains/losses) $262.8M in Q2, down 4.4% from $275.0M YoY; combined ratio 90.9%.
- General Insurance pretax operating income rose 11.8% to $137.9M; net premiums earned up 8.8%.
- Title Insurance pretax operating income fell 21.1% to $109.5M; net premiums and fees down 7.1% on rising mortgage rates reducing refinance activity.
- Book value per share $20.99, down 7.8% from Dec 2021, driven by $2.59 per share in net unrealized investment losses in H1 2022.
- Net investment income flat at $107.8M; cash dividend increased to $0.23 per share from $0.22 in Q2 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74260/000007426022000051/0000074260-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74260/000007426022000051/ori-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000074260-22-000051

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