Old Republic Increases Net Income 54.3% in Q2

Old Republic International Corp., a Chicago-based property and casualty insurance carrier, announced Wednesday that it grew its net income 54.3% in the second quarter of 2015. The company's income rose from $66.1 million during the second quarter of 2014 to $102 million during the same time frame this year, according to its latest earnings report. The jump was accounted for largely with growth in net premiums earned, which increased 8.6% from $1.2 billion to $1.3 billion. Old Republic's composite underwriting ratio fell from 102.1% to 95.7%, meaning it earned a profit of 4....