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Old Republic International's CEO Discuss The Decision To Withdraw The Spin-Off Of Its RFIG Subsidiary's Stock To ORI Shareholders Conference (Transcript)

Now, then as 2011 progressed we became increasingly convinced that on the basis of our standard forecasting model, the run-off could result in the payment of a 100 cents on the dollar for all valid claims by the end of a 10-year period. In the interim; however, the run-off would produce significant losses for at least 2012 and 2013 and would therefore require anywhere between 250 to $350 million of capital to just keep the business funded at minimum levels between year ends 2012 to 2014.

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