Old Republic (ORI) Tops Q1 EPS by 15c
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April 28, 2016 9:03 AM EDT
CHICAGO, April 28, 2016 /PRNewswire/ --Â Old Republic International Corporation (NYSE: ORI) today reported better operating earnings for this year's first quarter. Excluding the RFIG run-off segment, pretax operating earnings were up 10.9% quarter-over-quarter as General and Title Insurance performance outpaced comparable results in 2015. A 21.3% drop in RFIG's earnings, however, drove consolidated pretax operating income down to an approximate 2.5% gain. In this context, all of this year's gain in pretax operating income emanated from higher investment income. Consolidated net income for this year's first quarter nonetheless advanced 18.9% as much greater gains were secured from sales... More
