10-Q quarterly report · filed May 9, 2018

Old Republic International Corp (ORI) Q1 2018 10-Q Quarterly Report

Short answer

Old Republic International Corp (ORI) filed its Q1 2018 10-Q quarterly report on May 9, 2018 for the quarter ended Mar 31, 2018.

Old Republic International Corp Q1 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Filing text provides no quarterly revenue, YoY comparison, or profitability percentages
  • Three operating segments: General, Title, and RFIG Run-off Business
  • Life and accident insurance: 0.3% of quarterly operating revenues, 0.8% of assets
  • Management emphasizes long-term underwriting performance over five- or ten-year periods

Risk Factors

  • Newly triggered accounting risk: FASB equity-securities rule produced $152.0 unrealized losses in first-quarter 2018 income
  • Market risk: Fixed-maturity unrealized losses increased to $123.2, affecting shareholders’ equity amid interest-rate sensitivity
  • Regulatory risk: TCJA requires new IRS reserve-discount tables, but updated tables remained unpublished at March 31, 2018
  • Operational risk: General Insurance composite ratio worsened to 97.8% from 95.9% on higher expenses and prior-year reserve development
  • Liquidity risk: Parent dividends from subsidiaries limited to $554.6 in 2018 without regulatory approval

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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