10-Q quarterly report · filed May 8, 2019

Old Republic International Corp (ORI) Q1 2019 10-Q Quarterly Report

Short answer

Old Republic International Corp (ORI) filed its Q1 2019 10-Q quarterly report on May 8, 2019 for the quarter ended Mar 31, 2019.

Old Republic International Corp Q1 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Pretax income $518.5 million vs $(6.0) million YoY
  • Pretax income excluding investment gains $150.4 million, up 15.4% YoY
  • Net income $412.2 million vs $4.0 million YoY
  • Pretax investment gains $368.0 million vs $(136.4) million YoY
  • Life and accident insurance contributed 0.3% of operating revenues and 0.7% of assets

Risk Factors

  • No material changes identified in the 10-Q risk factors section, which contains no substantive risk-factor discussion
  • Claim-reserve estimation risk: $9,488.4 million gross reserves remain exposed to adverse legal, actuarial, and claims development
  • Regulatory liquidity risk: subsidiary dividends capped at $507.8 million without prior regulatory approval
  • Title-market risk: premiums and fees declined 1.4% amid slower housing and mortgage-lending activity
  • Equity-market risk: 28% of investments in equity securities, producing $355.6 million of first-quarter unrealized gains subject to volatility

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

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