Old Republic cuts GI CR by four points as progress in commercial auto continues
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Old Republic cuts GI CR by four points as progress in commercial auto continues

Old Republic International Corporation logo Chicago Illinois.jpg

Chicago-based specialty carrier Old Republic (ORI) posted a $72mn underwriting gain for the first quarter, nearly double from the year prior, as the company continued to diversify its book into financial indemnity and property.

Underwriting profits jumped by more than 90%, to nearly $72mn, as the carrier posted operating income of $0.69 a share, almost 50% higher than it recorded a year ago.

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