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Old Republic Fourth-Quarter Profits Jump 42%

Stock quotes in this article: ORI  

Old Republic International(ORI Quote), an insurance holding company, posted a 42.5% increase in profits for the fourth quarter on higher premiums and fees in its three main segments.

The company earned $143.1 million, or 61 cents a share, in the quarter, compared with $100.4 million, or 43 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 52 cents a share in the most recent quarter.

Fourth-quarter revenue rose 11.3% from a year ago to $1 billion. Analysts were expecting revenue of $930.2 million in the most recent quarter. ...

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