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Old Republic Suffers $66M Loss as Run-off Lines Bleed Red Ink

By Jim Sams (Senior Editor)

Friday, July 27, 2012 | 0

Old Republic International Corp. on Thursday reported a $34 million loss in the second quarter, compared to a $66.3 million loss in the second quarter of 2011.The carrier's operating revenues, however, increased 9% to $1.2 billion. The company's bottom line was impacted by a $104.1 million loss from its mortgage and consumer credit insurance units. Old Republic put Consumer Credit Indemnity into runoff in 2008 and Republic Financial Indemnity Group in runoff in 2011.Old Republic reported net premiums of $403.4 million in the second quarter, up from $327.1 million in the second quarter ...

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