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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums earned $ 1,926.7 $ 1,725.9 $ 3,709.6 $ 3,300.5
Title, escrow, and other fees 67.9 71.5 126.1 139.5
Total premiums and fees 1,994.6 1,797.4 3,835.7 3,440.1
Net investment income 171.5 167.4 342.2 331.6
Other income 49.6 47.3 96.8 89.2
Total operating revenues 2,215.8 2,012.2 4,274.9 3,861.0
Net investment gains (losses):        
Realized from actual transactions and impairments (2.4) (54.1) 34.9 126.2
Equity Securities, FV-NI, Unrealized Gain (Loss) (4.9) (86.3) 12.7 (99.6)
Total realized and unrealized investment gains (losses) (7.3) (140.5) 47.7 26.6
Total revenues 2,208.5 1,871.7 4,322.6 3,887.6
Expenses:        
Loss and loss adjustment expenses [1] 826.5 731.5 1,598.6 1,426.1
Dividends to policyholders [1] 4.1 10.0 9.7 12.8
Underwriting, acquisition, and other expenses [1] 1,099.9 994.5 2,110.7 1,897.8
Interest and other charges 17.6 22.2 35.5 38.7
Total expenses 1,948.3 1,758.3 3,754.6 3,375.5
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 260.1 113.3 567.9 512.1
Income Taxes (Credits):        
Current 55.1 29.3 100.6 105.3
Deferred (3.4) (7.8) 12.6 (1.9)
Total 51.7 21.4 113.3 103.4
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 208.4 91.8 454.5 408.6
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Noncontrolling Interest 3.9 0.0 5.0 0.0
Total net income $ 204.4 $ 91.8 $ 449.5 $ 408.6
Net Income Per Share:        
Net income (loss) per share: Basic (in dollars per share) $ 0.83 $ 0.35 $ 1.84 $ 1.53
Net income (loss) per share: Diluted (in dollars per share) $ 0.81 $ 0.35 $ 1.79 $ 1.51
Average shares outstanding: Basic (in shares) [2] 244,801,566 260,796,757 244,343,845 266,341,589
Weighted Average Number of Shares Outstanding, Diluted, Total [2] 251,075,011 265,549,655 250,456,276 270,538,608
[1]
(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.
[2]
(a) In calculating earnings per share, accounting standards require that common shares owned by the ORI 401(k) Savings and Profit Sharing Plan that are unallocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all other common shares.