Old Republic International Corporation has announced its financial results for the second quarter of 2025. The company reported a net income of $204.4 million, a significant increase from $91.8 million in the same period last year. Net income excluding investment gains or losses, referred to as net operating income, rose by 3.3% to $209.2 million. Earnings per diluted share increased by 9.2% to $0.83, compared to $0.76 the previous year. The company experienced growth in consolidated net premiums and fees earned, reaching nearly $2 billion, which marks an 11.0% increase. Net investment income for the quarter was $171.5 million, up 2.4% from the previous year. Old Republic's consolidated combined ratio remained stable at 93.6%, compared to 93.5% last year. The company also noted favorable loss reserve development of 2.1 points, slightly down from 2.2 points in the prior year. Shareholders' equity, or book value per share, increased to $25.14, representing a 12.6% rise since the end of 2024. The company continues to focus on achieving profitable long-term operating results and maintaining balance sheet strength for its insurance underwriting subsidiaries.
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