Old Republic Grows Profit by 20% in 2017

Old Republic International Corp. has reported a net income of $300 million for the fourth quarter of 2017, a 127% increase from net income of $132 million in the prior-year quarter. For the full year, Old Republic’s net income was $560 million, up 20% from $467 million in 2016. In the general insurance group, net premiums earned increased 7.2% in the fourth quarter, to $797 million. The group’s investment income was up 3%, to $81 million. For the full year, general insurance net premiums earned were $3.11 billion, a 5.9% increase from 2016. Investment income in the general insur...