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Jun 30, 2021
Old Republic Q2 2021 Earnings Report
Reported strong growth in profitability in the General Insurance and Title Insurance businesses.
Key Takeaways
Old Republic International Corporation reported strong growth in profitability in the General Insurance and Title Insurance businesses for the second quarter of 2021. The consolidated combined ratio was 90.6%, and net premiums and fees earned increased by 29.1%.
Consolidated pretax income, excluding investment gains or losses, showed strong growth in profitability in the General Insurance and Title Insurance businesses.
Solid underwriting results produced a consolidated combined ratio of 90.6% for the second quarter of 2021.
Consolidated net premiums and fees earned increased 29.1% for the quarter.
Favorable investment valuation trends, along with higher retained earnings, contributed to an increased book value per share of $22.59 as of June 30, 2021.
Old Republic
Old Republic
Old Republic Revenue by Segment
Revenue by Segment
Specialty Insurance Revenue
CapyFin.comTitle Insurance Revenue
CapyFin.com Forward Guidance
As the economy continues to emerge from the pandemic, premium and fee revenues in General Insurance could continue growing, especially compared to the 2020 periods where exposure levels were lower due to the effects of the pandemic on economic activity and employment levels. Title Insurance premium and fee revenues could remain strong as low interest rates and a favorable real estate market continue.
Positive Outlook
- Premium and fee revenues in General Insurance could continue growing.
- Growth compared to 2020 periods where exposure levels were lower due to the effects of the pandemic on economic activity and employment levels.
- Title Insurance premium and fee revenues could remain strong.
- Low interest rates.
- Favorable real estate market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income