Old Republic more than doubles underwriting income, boosted by $25mn reserve release
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Old Republic more than doubles underwriting income, boosted by $25mn reserve release

James Thaler
October 29, 2021
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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.

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