v3.26.1
Information About Segments of Business (Tables)
 6 Months Ended
Jun. 30, 2026
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, 2026:Specialty Insurance
Title Insurance
Corporate & Other
Consolidation Elimination Adjustments (a)
Total
Revenues:
Net premiums written
$1,483.2 $699.3 $0.7 $— $2,183.3 
Net premiums earned
1,323.8 699.3 1.2 — 2,024.4 
Title, escrow, and other fees
— 73.3 — — 73.3 
Total premiums and fees
1,323.8 772.6 1.2 — 2,097.8 
Other income
51.2 0.2 — — 51.4 
Expenses (b):
Loss and loss adjustment expenses
868.4 23.4 0.5 — 892.4 
Dividends to policyholders
4.3 — — — 4.3 
Underwriting, acquisition, and other expenses:
Commissions
151.9 484.7 0.1 — 636.7 
Insurance taxes, licenses, and fees
53.9 11.6 0.7 — 66.2 
Subtotal
205.8 496.3 0.8 — 703.0 
General expenses
237.1 215.4 14.6 — 467.2 
Total underwriting, acquisition, and
other expenses
442.9 711.8 15.4 — 1,170.2 
Segment underwriting income (loss)
59.3 37.6 (14.7)— 82.2 
Add: Net investment income
159.5 18.3 20.3 (16.1)182.0 
Less: Interest and other charges
20.2 — 22.4 (16.1)26.5 
Segment pretax operating income (loss)
198.6 55.9 (16.8)— 237.7 
Income taxes (credits) on above
40.5 12.1 (3.0)— 49.5 
Net income (loss) excluding investment
gains (losses)$158.0 $43.8 $(13.7)$— 188.1 
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments
38.1 
Unrealized from changes in fair value of
equity securities
134.2 
Income taxes on above36.2 
Net of tax investment gains
136.2 
Total net income
324.4 
Net income attributable to noncontrolling interests
2.0 
Net income to shareholders
$322.3 
Segment and consolidated combined ratio
95.5 %95.1 %95.3 %
__________

(a)    Includes intercompany financing arrangements between Old Republic's parent holding company and the Specialty Insurance group for which interest charges were $16.1 for the quarter ended June 30, 2026.
(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, 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 tax credits on above(2.6)
Net of tax investment 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 between Old Republic's parent holding company and the Specialty Insurance group 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.
Six Months Ended June 30, 2026:Specialty Insurance
Title Insurance
Corporate & Other
Consolidation Elimination Adjustments (a)
Total
Revenues:
Net premiums written
$2,822.6 $1,318.2 $1.7 $— $4,142.6 
Net premiums earned
2,615.7 1,318.2 3.7 — 3,937.7 
Title, escrow, and other fees
— 132.2 — — 132.2 
Total premiums and fees
2,615.7 1,450.5 3.7 — 4,070.0 
Other income
98.4 0.3 — — 98.8 
Expenses (b):
Loss and loss adjustment expenses
1,685.7 40.8 1.4 — 1,728.0 
Dividends to policyholders
9.0 — — — 9.0 
Underwriting, acquisition, and other expenses:
Commissions
290.6 920.1 — — 1,210.7 
Insurance taxes, licenses, and fees
106.9 22.0 1.2 — 130.2 
Subtotal
397.5 942.1 1.2 — 1,340.9 
General expenses
495.3 430.8 31.1 — 957.3 
Total underwriting, acquisition, and
other expenses
892.8 1,372.9 32.3 — 2,298.2 
Segment underwriting income (loss)
126.5 37.0 (30.1)— 133.5 
Add: Net investment income
317.6 35.8 39.0 (32.4)360.1 
Less: Interest and other charges
36.5 0.1 40.0 (32.4)44.3 
Segment pretax operating income (loss)
407.6 72.7 (31.1)— 449.3 
Income taxes (credits) on above
83.6 15.4 (8.0)— 91.0 
Net income (loss) excluding investment
gains (losses)$324.0 $57.2 $(23.0)$— 358.2 
Consolidated pretax investment gains (losses):
Realized from actual transactions and
impairments
123.5 
Unrealized from changes in fair value of
equity securities
250.7 
Income taxes on above
78.6 
Net of tax investment gains
295.7 
Total net income
653.9 
Net income attributable to noncontrolling interests1.5 
Net income to shareholders
$652.4 
Segment and consolidated combined ratio
95.2 %97.4 %96.0 %
__________

(a)    Includes intercompany financing arrangements between Old Republic's parent holding company and the Specialty Insurance group for which interest charges were $32.4 for the six months ended June 30, 2026.
(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 (loss) 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 on above
9.1 
Net of tax investment gains
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 between Old Republic's parent holding company and the Specialty Insurance group 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.
Segment Reporting, Reconciliation of Asset by Segment to Consolidated
June 30,December 31,
20262025
Consolidated Assets:
Specialty Insurance
$28,249.2 $26,750.6 
Title Insurance1,982.2 1,937.7 
Total assets of Company segments
30,231.4 28,688.4 
Corporate & Other
1,529.1 1,334.8 
Consolidation elimination adjustments (a)
(168.1)(160.5)
Consolidated assets$31,592.4 $29,862.7 
__________

(a) Includes predominately intercompany debt and various reclassifications.