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Old Republic's CEO Hosts Combines Mortgage And CCI Business News Release Conference (Transcript)

Old Republic International Corp. (ORI)

Combines Mortgage and CCI Business News Release Conference Transcript

February 22, 2012 3:00 PM ET

Executives

Scott Eckstein – Financial Relations Board

Al Zucaro – Chairman and CEO

Analysts

Bill Laemmel – Divine Capital Markets

Presentation

Operator

At this time, we are about to begin. Good everyone. And welcome to the Old Republic Combines Mortgage and CCI Businesses News Release Conference Call. Today’s conference is being recorded.

At this time, I would like to turn the call over to Mr. Scott Eckstein of the Financial Relations Board. You may begin.

Scott Eckstein

Thank you, Operator. Good afternoon, everyone. And thank you for joining us today for Old Republic’s conference call to discuss news release. Yesterday afternoon we distributed a copy of the press release. If there is anyone online who did not receive a copy, you can access it at Old Republic’s website which is www.oldrepublic.com.

Please be advised this call may involve forward-looking statements as discussed in the press release dated March 21, 2012. Risks associated with these statements can be found in the company’s latest SEC filings.

Joining us today from management is Al Zucaro, Chairman and Chief Executive Officer. At this time, I’d like to turn the call over to Al Zucaro for his opening remarks. Please go ahead.

Al Zucaro

Thank you, Scott, and good afternoon to everybody. The news release we issued yesterday afternoon after the market close. It was issued really as a follow-up to what we’ve been reporting and saying for quite a long time now about our Mortgage Guaranty business and its prospects, as well as the impact it has had on Old Republic’s business during the past four or five years.

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