Old Republic Reports Decreased Comp Claim Costs in Q1

Old Republic International Corp. on Thursday reported net income for the first quarter at $4 million, a 96% drop from a net income of $113 million in the same quarter of 2017. Old Republic noted that net income was affected by the inclusion of unrealized fair-value investment gains or losses on equity securities for the first time beginning this year. “As a consequence, year-over-year post-tax operating and net income are not fully comparable among the periods reported upon,” the company said in a news release. At the same time, net income got a boost from lower corporate i...