Old Republic: 1Q Earnings Snapshot
CHICAGO (AP) _ Old Republic International Corp. (ORI) on Thursday reported a first-quarter loss of $604.8 million, after reporting a profit in the same period a year earlier.
The Chicago-based company said it had a loss of $2.01 per share. Earnings, adjusted for investment costs, were 47 cents per share.
The insurance underwriter posted revenue of $701.5 million in the period. Its adjusted revenue was $1.65 billion.
Old Republic shares have dropped 32% since the beginning of the year. The stock has declined 27% in the last 12 months.