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Jun 30, 2022
Old Republic Q2 2022 Earnings Report
Old Republic reported pretax income, excluding investment gains (losses), of $262.8 million for the quarter. The decline compared to the 2021 periods is within expectations, with General Insurance pretax operating income increasing nearly 12%, while the effect of increasing mortgage interest rates reduced Title Insurance results.
Key Takeaways
Old Republic's Q2 2022 results saw a decline in pretax income excluding investment gains, with General Insurance showing growth while Title Insurance was impacted by rising mortgage rates. However, both segments maintained solid underwriting results, contributing to a consolidated combined ratio of 90.9%.
Pretax income, excluding investment gains (losses), was $262.8 million for the quarter.
General Insurance pretax operating income increased nearly 12%.
Title Insurance results were reduced by increasing mortgage interest rates.
Consolidated combined ratio was 90.9% for the quarter.
Old Republic
Old Republic
Old Republic Revenue by Segment
Revenue by Segment
Specialty Insurance Revenue
CapyFin.comTitle Insurance Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
Some of the oral or written statements made in the Company's reports, press releases, and conference calls following earnings releases, can constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve assumptions, uncertainties, and risks that may affect the Company's future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income