AP NEWS

Old Republic: 1Q Earnings Snapshot

April 23, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORI at https://www.zacks.com/ap/ORI