Chicago-based specialty carrier Old Republic (ORI) more than doubled its underwriting income and cut its combined ratio, helped by improving results in commercial auto, general liability, and its financial lines business, while also benefitting from $25mn in reserve releases.
On Thursday, the carrier reported $0.79 in adjusted earnings per share, a nearly 30% improvement from a year ago.
Enter your e-mail to claim a free trial:
Uncover exclusive insights tailored for insurance leaders
Stay Informed: Access exclusive industry insights
Gain a competitive advantage: Hear first about tactical developments
Make better decisions: Understand market dynamics in crucial lines of business