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Information About Segments of Business (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting

The contributions of Old Republic's reportable segments to consolidated totals are shown in the following tables.

Quarter Ended June 30, 2025:						Specialty Insurance						Title Insurance						Corporate & Other						Consolidation Elimination Adjustments (a)						Total
Revenues:
Net premiums written						$	1,361.0					$	629.8					$	2.8					$	—					$	1,993.8
Net premiums earned						1,294.5						629.8						2.3						—						1,926.7
Title, escrow, and other fees						—						67.9						—						—						67.9
Total premiums and fees						1,294.5						697.8						2.3						—						1,994.6
Other income						49.3						0.1						—						—						49.6
Expenses (b):
Loss and loss adjustment expenses						805.5						20.3						0.7						—						826.5
Dividends to policyholders						4.1						—						—						—						4.1
Underwriting, acquisition, and other expenses:
Commissions						148.4						429.0						0.4						—						577.9
Insurance taxes, licenses, and fees						50.1						9.6						(0.3)						—						59.4
Subtotal						198.5						438.6						—						—						637.3
General expenses						215.6						232.0						14.9						—						462.6
Total underwriting, acquisition, and
other expenses						414.2						670.7						15.0						—						1,099.9
Segment underwriting income (loss)						119.9						6.9						(13.3)						—						113.6
Add: Net investment income						149.9						17.3						20.3						(16.1)						171.5
Less: Interest and other charges						16.1						—						17.6						(16.1)						17.6
Segment pretax operating income (loss)						253.7						24.2						(10.5)						—						267.5
Income taxes (credits) on above						51.6						5.0						(2.3)						—						54.3
Net income (loss) excluding investment gains
(losses)						$	202.1					$	19.2					$	(8.2)					$	—					213.2
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments																														(2.4)
Unrealized from changes in fair value of
equity securities																														(4.9)
Income taxes (credits) on above																														(2.6)
Net of tax investment gains (losses)																														(4.7)
Total net income																														208.4
Net income attributable to noncontrolling interests																														3.9
Net income to shareholders																														$	204.4
Segment and consolidated combined ratio						90.7		%				99.0		%																93.6		%

__________

(a)    Includes intercompany financing arrangements for which interest charges were $16.1 for the quarter ended June 30, 2025.

(b)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no other segment expenses that are part of reported segment profit or loss amounts that are not included in one of the above categories.

Quarter Ended June 30, 2024:						Specialty Insurance						Title Insurance						Corporate & Other						Consolidation Elimination Adjustments (a)						Total
Revenues:
Net premiums written						$	1,247.2					$	591.9					$	4.3					$	—					$	1,843.5
Net premiums earned						1,129.6						591.9						4.3						—						1,725.9
Title, escrow, and other fees						—						71.5						—						—						71.5
Total premiums and fees						1,129.6						663.4						4.3						—						1,797.4
Other income						47.0						0.3						—						—						47.3
Expenses (b):
Loss and loss adjustment expenses						716.5						15.3						(0.3)						—						731.5
Dividends to policyholders						10.0						—						—						—						10.0
Underwriting, acquisition, and other expenses:
Commissions						130.2						398.0						—						—						528.3
Insurance taxes, licenses, and fees						43.8						9.1						(0.1)						—						52.9
Subtotal						174.1						407.1						—						—						581.2
General expenses						190.8						211.0						11.3						—						413.3
Total underwriting, acquisition, and
other expenses						364.9						618.2						11.3						—						994.5
Segment underwriting income (loss)						85.1						30.2						(6.6)						—						108.6
Add: Net investment income						132.9						15.5						34.7						(15.6)						167.4
Less: Interest and other charges						15.4						(0.3)						22.7						(15.6)						22.2
Segment pretax operating income (loss)						202.5						46.0						5.2						—						253.8
Income taxes (credits) on above						41.6						9.4						0.2						—						51.3
Net income (loss) excluding investment gains
(losses)						$	160.9					$	36.5					$	4.9					$	—					202.4
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments																														(54.1)
Unrealized from changes in fair value of
equity securities																														(86.3)
Income taxes (credits) on above																														(29.9)
Net of tax investment gains (losses)																														(110.6)
Total net income																														91.8
Net income attributable to noncontrolling interests																														—
Net income to shareholders																														$	91.8
Segment and consolidated combined ratio						92.4		%				95.4		%																93.5		%

__________

(a)    Includes intercompany financing arrangements for which interest charges were $15.6 for the quarter ended June 30, 2024.

(b)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no other segment expenses that are part of reported segment profit or loss amounts that are not included in one of the above categories.

Six Months Ended June 30, 2025:						Specialty Insurance						Title Insurance						Corporate & Other						Consolidation Elimination Adjustments (a)						Total
Revenues:
Net premiums written						$	2,633.1					$	1,176.8					$	6.2					$	—					$	3,816.2
Net premiums earned						2,528.1						1,176.8						4.6						—						3,709.6
Title, escrow, and other fees						—						126.1						—						—						126.1
Total premiums and fees						2,528.1						1,302.9						4.6						—						3,835.7
Other income						96.4						0.3						—						—						96.8
Expenses (b):
Loss and loss adjustment expenses						1,561.0						36.3						1.2						—						1,598.6
Dividends to policyholders						9.7						—						—						—						9.7
Underwriting, acquisition, and other expenses:
Commissions						288.0						805.5						0.2						—						1,093.8
Insurance taxes, licenses, and fees						92.8						18.6						1.6						—						113.1
Subtotal						380.8						824.1						1.8						—						1,206.9
General expenses						426.8						448.0						28.9						—						903.8
Total underwriting, acquisition, and
other expenses						807.7						1,272.1						30.8						—						2,110.7
Segment underwriting income (loss)						246.1						(5.2)						(27.4)						—						213.4
Add: Net investment income						299.9						34.0						40.2						(32.0)						342.2
Less: Interest and other charges						32.1						0.1						35.2						(32.0)						35.5
Segment pretax operating income (loss)						513.9						28.6						(22.3)						—						520.2
Income taxes (credits) on above						104.7						6.0						(6.5)						—						104.1
Net income excluding investment gains
(losses)						$	409.2					$	22.6					$	(15.8)					$	—					416.0
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments																														34.9
Unrealized from changes in fair value of
equity securities																														12.7
Income taxes (credits) on above																														9.1
Net of tax investment gains (losses)																														38.5
Total net income																														454.5
Net income attributable to noncontrolling interests																														5.0
Net income to shareholders																														$	449.5
Segment and consolidated combined ratio						90.2		%				100.4		%																93.7		%

__________

(a)    Includes intercompany financing arrangements for which interest charges were $32.0 for the six months ended June 30, 2025.

(b)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no other segment expenses that are part of reported segment profit or loss amounts that are not included in one of the above categories.

Six Months Ended June 30, 2024:						Specialty Insurance						Title Insurance						Corporate & Other						Consolidation Elimination Adjustments (a)						Total
Revenues:
Net premiums written						$	2,404.4					$	1,069.3					$	9.8					$	—					$	3,483.6
Net premiums earned						2,221.3						1,069.3						9.9						—						3,300.5
Title, escrow, and other fees						—						139.5						—						—						139.5
Total premiums and fees						2,221.3						1,208.8						9.9						—						3,440.1
Other income						88.8						0.4						—						—						89.2
Expenses (b):
Loss and loss adjustment expenses						1,398.0						27.4						0.6						—						1,426.1
Dividends to policyholders						12.8						—						—						—						12.8
Underwriting, acquisition, and other expenses:
Commissions						244.7						730.9						—						—						975.8
Insurance taxes, licenses, and fees						81.6						17.0						1.0						—						99.7
Subtotal						326.4						747.9						1.1						—						1,075.5
General expenses						381.9						417.2						23.1						—						822.2
Total underwriting, acquisition, and
other expenses						708.3						1,165.1						24.3						—						1,897.8
Segment underwriting income (loss)						190.9						16.7						(15.1)						—						192.5
Add: Net investment income						264.0						31.2						68.7						(32.3)						331.6
Less: Interest and other charges						31.9						(0.4)						39.5						(32.3)						38.7
Segment pretax operating income (loss)						422.9						48.4						14.0						—						485.4
Income taxes (credits) on above						86.5						9.9						1.7						—						98.2
Net income excluding investment gains
(losses)						$	336.4					$	38.4					$	12.3					$	—					387.2
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments																														126.2
Unrealized from changes in fair value of
equity securities																														(99.6)
Income taxes (credits) on above																														5.2
Net of tax investment gains (losses)																														21.4
Total net income																														408.6
Net income attributable to noncontrolling interests																														—
Net income to shareholders																														$	408.6
Segment and consolidated combined ratio						91.4		%				98.6		%																93.8		%

__________

(a)    Includes intercompany financing arrangements for which interest charges were $32.3 for the six months ended June 30, 2024.

(b)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. There are no other segment expenses that are part of reported segment profit or loss amounts that are not included in one of the above categories.

			June 30,						December 31,
			2025						2024
Consolidated Assets:
Specialty Insurance			$	26,322.6					$	24,563.2
Title Insurance			1,905.1						1,915.8
Total assets of Company segments			28,227.8						26,479.1
Corporate & Other (a)			1,196.4						1,532.4
Consolidation elimination adjustments (b)			(168.5)						(168.4)
Consolidated assets			$	29,255.7					$	27,843.1

__________

(a) Includes a small life and accident insurance business, the parent holding company, and several internal corporate services subsidiaries.

(b) Includes predominately intercompany debt and various reclassifications.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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