Old Republic Profit Up

Old Republic International(ORI Quote), an insurance holding company, posted a 2.7% increase in profits for the first quarter.

The company earned $117.4 million, or 51 cents a share, in the quarter, compared with $114.3 million, or 49 cents a share, a year ago. The company posted net operating earnings, excluding investment gains, of 49 cents a share. Analysts surveyed by Thomson First Call were expecting earnings of 49 cents a share in the most recent quarter.

First-quarter revenue rose 7.1% from a year ago to $942.9 million. Analysts were expecting revenue of $911.15 million in the most recent quarter. ...