Old Republic International Corp. announced on Thursday that its operating revenues dropped $40.4 million, or 3.1%, between the second quarters of 2013 and 2014.
The slowdown was due mostly to a $93.4 million reduction in Old Republic's title insurance lines, the company announced in a press release. Those lines, as well as its corporate and run-off income, overshadowed a $68.9 million gain for the company's general insurance area.
The company's net operating revenue for the second quarter was $1.2 billion.
Old Republic pointed to high case settlement costs as well as expenses re...
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