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Old Republic cites raised interest rates for title revenue drop
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Industry News
Tuesday, May 2, 2023
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A recent first quarter earnings call from Old Republic International Corp. showed title revenue from net premiums and fees down 41.6 percent compared with the first three months of 2022.
Company leaders said elevated interest rates continue to be the primary contributor to lower title segment performance. Old Republic Title brought in $583.2 million in the first quarter of 2023.
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