Old Republic Q3 pretax op income $250.8M, down 2.6%; Title Insurance weak, General strong

OLD REPUBLIC INTERNATIONAL CORP

2023-Q3 EPS reported $1.42 revenue$5,317,200,000

Pretax income excluding investment losses of $250.8M (down 2.6% YoY); diluted EPS $0.72 (up 5.9%).
Title Insurance pretax operating income fell 48.9% to $37.4M on lower mortgage originations due to higher rates.
General Insurance pretax operating income rose 28.6% to $215.5M on premium rate increases and higher net investment income.
Book value per share $21.37 (up from $21.07 at year-end 2022); $192M returned to shareholders in Q3.
Consolidated combined ratio 91.9% (Q3 2023) vs 91.4% (Q3 2022); net premiums and fees earned down 9.4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP reported the first nine months of 2023 results: net income $408.0, EPS $1.42.

Period: the first nine months of 2023
Net income: $408.0
EPS: $1.42
Result: reported results

Exact text from the filing

Net income (loss) $ 52.6 $ (91.7) $ 408.0 $ 174.3

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP reported the quarter ended September 30, 2023 results: net income $52.6, EPS $0.19.

Period: the quarter ended September 30, 2023
Net income: $52.6
EPS: $0.19
Result: reported results

Exact text from the filing

Old Republic International Corporation announced the results of its operations and its financial condition for the quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000074260-23-000091

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