Old Republic International has reported a net income of $55.2m, or $0.22 diluted earnings per share for the fourth quarter of 2011, compared to a net loss of $13.3m, or $0.05 diluted earnings per share, for the same period in 2010.
Operating revenues for the fourth quarter of 2011 rose 3% to $1.17bn, compared to $1.14bn for the same period a year ago.
Net operating loss was $27.7m, down 14.5%, compared to $32.4m for the same period in the previous year.
Mortgage insurance segment reported a pretax operating income loss of $163.2m, compared to a loss of $110.4m for the same period of 2010.
The company said in the aggregate, the general and title insurance segments reflected substantial operating improvements as underwriting accounts turned positive for the first time since 2007.