Old Republic International Corp (NYSE:ORI)

Old Republic International Corporation, through its subsidiaries, engages in underwriting insurance products in the United States and Canada. The company’s General Insurance Group segment offers various insurance products, such as automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products. It also provides financial indemnity products for specialty coverages, including consumer credit indemnity, errors and omissions/directors and officers, fidelity, guaranteed asset protection, and surety. This segment offers its liability insurance coverages for businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale, forest products, energy, general manufacturing, and financial services industries. Old Republic International Corporation’s Mortgage Guaranty Group segment insures first mortgage loans, primarily on residential properties incorporating one-to-four family dwelling units. Its coverages comprise primary mortgage insurance that offers mortgage default protection on individual loans to mortgage bankers, brokers, commercial banks, and savings institutions; and pool insurance, which is written on a group of loans in negotiated transactions to mortgage banking customers. The company’s Title Insurance Group segment provides lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. It also offers escrow closing and construction disbursement services; and real estate information products, national default management services, and services pertaining to real estate transfers and loan transactions. Old Republic International Corporation markets its products directly, as well as through insurance agents and brokers. The company was founded in 1887 and is based in Chicago, Illinois.

Last updated March 6, 2013


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