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Sep 30, 2023
Old Republic Q3 2023 Earnings Report
Old Republic's Q3 2023 earnings were reported, revealing a mix of results across its segments.
Key Takeaways
Old Republic reported pretax income, excluding investment losses, of $250.8 million for the third quarter of 2023. Title Insurance results declined due to higher mortgage interest rates, while General Insurance pretax operating income rose by 28.6%. The consolidated combined ratio was 91.9% for the quarter.
Pretax income, excluding investment losses, was $250.8 million.
General Insurance pretax operating income increased by 28.6%.
Title Insurance results were affected by higher mortgage interest rates.
The consolidated combined ratio stood at 91.9%.
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
The insurance business is distinguished from most others in that the prices (premiums) charged for most products are set without knowing what the ultimate loss costs will be.
Revenue & Expenses
Visualization of income flow from segment revenue to net income