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Old Republic CEO says title business a powerful Q1 earnings contributor
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Industry News, Market Data
Friday, April 25, 2014
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Old Republic International Corp. reported financial results for the first quarter 2014. Operating profits for the quarter were marked by moderately improved performance in general insurance and by the condition of a strong turnaround in the run-off mortgage guaranty line. While title insurance operations remained profitable, a transitory real estate and mortgage market downturn halted the fast-paced earnings progress of the past three years.
Mark Bilbrey, president of Old Republic Title Insurance Co., said earnings were positive in the title group at $4.7 million despite the significant downturn.
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