Consolidated Quarterly Results - Unaudited

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Consolidated Quarterly Results - Unaudited

Consolidated Quarterly Results - Unaudited - Old Republic's consolidated quarterly operating data for the two years ended December 31, 2013 is presented below. In management's opinion, however, quarterly operating data for insurance enterprises such as the Company is not indicative of results to be achieved in succeeding quarters or years. The long-term nature of the insurance business, seasonal and cyclical factors affecting premium production, the fortuitous nature and, at times, delayed emergence of claims, and changes in yields on invested assets are some of the factors necessitating a review of operating results, changes in shareholders' equity, and cash flows for periods of several years to obtain a proper indicator of performance trends. The data below should be read in conjunction with the "Management Analysis of Financial Position and Results of Operations".

In management's opinion, all adjustments consisting of normal recurring adjustments necessary for a fair statement of quarterly results have been reflected in the data which follows.

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Year Ended December 31, 2013:
Operating Summary:
Net premiums, fees, and other income	$	1,186.0	$	1,245.4	$	1,295.5	$	1,248.5
Net investment income and realized gains (losses)	83.8		215.9		83.7		83.0
Total revenues	1,269.9		1,461.5		1,379.5		1,331.6
Benefits, claims, and expenses	1,185.4		1,165.2		1,229.7		1,189.3
Net income (loss)	$	56.2	$	193.9	$	102.9	$	94.7
Net income (loss) per share: Basic	$	.22	$	.76	$	.40	$	.37
Diluted	$	.21	$	.67	$	.36	$	.33
Average shares outstanding:
Basic	256,279,364		256,749,748		257,098,894		257,706,005
Diluted	292,081,785		292,842,386		293,444,269		294,396,055

Year Ended December 31, 2012:
Operating Summary:
Net premiums, fees, and other income	$	1,069.1	$	1,116.8		$	1,204.0		$	1,195.3
Net investment income and realized gains (losses)	88.7		107.0			100.6			87.8
Total revenues	1,158.0		1,223.9			1,304.8			1,283.2
Benefits, claims, and expenses	1,160.7		1,282.2			1,335.9			1,319.7
Net income (loss)	$	.4	$	(34.0	)	$	(14.8	)	$	(20.2	)
Net income (loss) per share: Basic	$	—	$	(.13	)	$	(.06	)	$	(.08	)
Diluted	$	—	$	(.13	)	$	(.06	)	$	(.08	)
Average shares outstanding:
Basic	255,473,634		255,747,273			255,921,356			256,086,431
Diluted	255,779,449		255,747,273			255,921,356			256,086,431