Old Republic Q2 net operating EPS $0.83 (+9.2%); Title insurance combined ratio worsens to 99.0%

OLD REPUBLIC INTERNATIONAL CORP

2025-Q2 EPS reported $1.79 revenue$4,322,600,000

Net operating EPS $0.83 (up 9.2%); net income $204.4M vs $91.8M last year (boosted by lower investment losses).
Consolidated premiums earned $1.99B (+11%); combined ratio 93.6% (vs 93.5% prior year).
Specialty Insurance pretax operating income $253.7M (+25.3%) on rate increases and new business.
Title Insurance pretax operating income $24.2M (-47.2%); combined ratio 99.0% (vs 95.4%) from litigation costs.
Book value per share $25.14 (+12.6% YTD); Q2 dividends of $71.8M returned to shareholders.

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