Profit Grows, But Old Republic Cites Challenges in General Insurance Segment

Old Republic International Corp. reported a net income for 2016 of $467 million, a 10.6% increase from a net income of $422 million in the prior year. Net operating income rose last year to a 10-year high, according to management comments included in an annual filing with the U.S. Securities and Exchange Commission. But most of last year’s earnings progress came from Old Republic’s faster-growing title Insurance business, the company said, and the positive outcomes were partially offset by disappointing results in general insurance, which is the company’s largest ...