Title insurance and RFIG run-off lead Old Republic results

• Q1 pretax operating income of $134.8M or $0.32 per share vs. $105.7M and $0.25 one year ago.
• General Insurance Group pretax operating income of $82M about flat from a year ago. Net premiums earned of $703.3M up 7.1%. Net investment income of $73.7M up 11.8%. Benefits and claim costs of $518.8M up 8.7%. Composite ratio of 97.3% vs. 96.2%.
• Title Insurance Group pretax income of $15.9M up 233.5%. Net premiums earned of $428.3M up 8.7%. Net investment income of $7.9M up 12%. Composite ratio of 97.7% vs. 100.1%.
• RFIG Run-off Business pretax operating income of $40M up 8.7%. Net premiums earned of $52.6M down 10.5%. Claim costs of $13.5M down 40.8%. Composite ratio of 35.6% vs. 51.2%.
• Conference call at 3 ET
• Previously: Old Republic beats by $0.08, misses on revenue (April 23)
• ORI +1%