Thursday, July 24, 2008

Old Republic Posts a Q2 Loss

Old Republic International Corp. said Thursday that it moved to a loss in the second quarter, missing Wall Street's estimates, due to continued weakness in the insurer's mortgage guaranty and title insurance lines.

For the period ended June 30, the company reported a loss of $45.4 million, or 20 cents per share, compared with a profit of $115.1 million, or 49 cents per share, in the year-ago period.


0 comments: