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