Old Republic reports healthy 1Q revenue after rough 2020
Title big Old Republic saw broad first quarter 2021 beneficial properties, reporting a 40% twelve months-over-twelve months growth in title insurance premiums and charges.
The corporate posted a full working revenue of $2.3 billion for the main quarter 2021 — up from ideal $764 million within the main quarter of 2020. Profits was reported at $502 million, a huge restoration from the main quarter of 2020 when Old Republic reported a shortage of $605 million.
Full charges for the main quarter possess been $1.7 billion, a 12.4% magnify from the main quarter of 2020.
Old Republic’s title insurance segment notched $978 million in working revenue within the main quarter of 2021, a 40% magnify over the $690.7 million from the identical quarter a twelve months within the past. Its ea...