Old Republic International has reported total revenues of $932.6m for the first quarter of 2010, which is an increase of 6.1% as comapred to $878.5m for the same quarter in 2009.
Old Republic International earned net premiums of $828.5m for the first quarter of 2010 as compared to $777.4m for the same period last year.
The first quarter operating revenues for the general insurance segment were $479.1m, while for the mortgage guaranty segment were $160.5m and for the title insurance segment were$262m. The corporate and other segment posted an operating revenue of $27.8m for the first quarter of 2010.
Net income for the first quarter of 2010 was $25m, or $0.11 per share compared to a net loss of $53.9m, or $0.23 for the same quarter in 2009.
For the year ended March 31, 2010, the company’s total revenues were $3857.7m compared to $3164.6m for the same period last year. The company posted a net loss of $20.1m, or $0.08 per share compared to net loss of $593.2m, or $2.56 per share for the same period last year.
Headquartered in Chicago, Old Republic International is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a range of coverages primarily in property & liability, mortgage guaranty, and title insurance fields.