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Information About Segments of Business
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Information About Segments of Business
Information About Segments of Business - The Company is engaged in the single business of insurance underwriting. It conducts its' operations through a number of regulated insurance company subsidiaries organized into three major segments, namely its' General Insurance Group (property and liability insurance), Title Insurance Group and the Republic Financial Indemnity Group Run-off Business. The results of a small life & accident insurance business are included with those of its holding company parent and minor corporate services operations. Each of the Company's segments underwrites and services only those insurance coverages which may be written by it pursuant to state insurance regulations and corporate charter provisions.

In late March of 2012, Old Republic combined its General Insurance Group's CCI division with its MI line within a business denoted as the Republic Financial Indemnity Group, Inc. (RFIG) run-off segment. The two operations, which offer similar insurance coverages, have been in run-off operating mode since 2008 (CCI) and August 2011 (MI), and are inactive from new business production standpoints. The combination has affected the manner in which segmented information is presented. The operating results of the combined coverages are therefore shown as a single run-off book of business within the Company's consolidated operations. Segment results exclude net realized investment gains or losses and other-than-temporary impairments as these are aggregated in the consolidated totals. The contributions of Old Republic's insurance industry segments to consolidated totals are shown in the following table.

The Company does not derive over 10% of its consolidated revenues from any one customer. Revenues and assets connected with foreign operations are not significant in relation to consolidated totals.

The General Insurance Group provides property and liability insurance primarily to commercial clients. Old Republic does not have a meaningful participation in personal lines of insurance. Workers' compensation is the largest type of coverage underwritten by the General Insurance Group, accounting for 35.8% of the Group's direct premiums written in 2013. The remaining premiums written by the General Insurance Group are derived largely from a wide variety of coverages, including commercial automobile (principally trucking), general liability, general aviation, directors and officers indemnity, fidelity and surety indemnities, and home and auto warranties.

The title insurance business consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. The policy insures against losses arising out of defects, loans and encumbrances affecting the insured title and not excluded or excepted from the coverage of the policy.

Private mortgage insurance produced by the RFIG Run-off Business protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers who make down payments of less than 20% of the home's purchase price. The RFIG Run-off mortgage guaranty operations insures only first mortgage loans, primarily on residential properties having one-to-four family dwelling units. CCI policies provide limited indemnity coverage to lenders and other financial intermediaries. The coverage is for the risk of non-payment of loan balances by individual buyers and borrowers.

The accounting policies of the segments parallel those described in the summary of significant accounting policies pertinent thereto.
Segment Reporting
Years Ended December 31:
 
2013
 
2012
 
2011
General Insurance:
 
 
 
 
 
 
Including CCI run-off business:
 
 
 
 
 
 
Net premiums earned
 
$
2,543.5

 
$
2,366.9

 
$
2,167.7

Net investment income and other income
 
336.6

 
375.1

 
379.3

Total revenues before realized gains or losses
 
$
2,880.1

 
$
2,742.0

 
$
2,547.1

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses (a)
 
$
272.0

 
$
186.0

 
$
304.3

Income tax expense (credits) on above
 
$
85.2

 
$
51.1

 
$
94.5

 
 
 
 
 
 
 
All CCI run-off business:
 
 
 
 
 
 
Net premiums earned
 
$
29.8

 
$
42.4

 
$
58.3

Net investment income and other income
 
.4

 
.1

 
.1

Total revenues before realized gains or losses
 
$
30.2

 
$
42.6

 
$
58.4

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses
 
$
(16.2
)
 
$
(74.9
)
 
$
(49.6
)
Income tax expense (credits) on above
 
$
(5.6
)
 
$
(26.2
)
 
$
(17.3
)
 
 
 
 
 
 
 
Total excluding all CCI run-off business:
 
 
 
 
 
 
Net premiums earned
 
$
2,513.7

 
$
2,324.4

 
$
2,109.4

Net investment income and other income
 
336.2

 
374.9

 
379.2

Total revenues before realized gains or losses
 
$
2,849.9

 
$
2,699.4

 
$
2,488.6

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses (a)
 
$
288.3

 
$
261.0

 
$
353.9

Income tax expense (credits) on above
 
$
90.9

 
$
77.4

 
$
111.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Title Insurance:
 
 
 
 
 
 
Net premiums earned
 
$
1,567.1

 
$
1,250.2

 
$
1,007.9

Title, escrow and other fees
 
429.0

 
427.1

 
354.5

Sub-total
 
1,996.1

 
1,677.4

 
1,362.4

Net investment income and other income
 
29.5

 
29.6

 
29.3

Total revenues before realized gains or losses
 
$
2,025.6

 
$
1,707.1

 
$
1,391.8

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses (a)
 
$
124.3

 
$
73.8

 
$
36.2

Income tax expense (credits) on above
 
$
44.0

 
$
26.5

 
$
11.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
RFIG Run-off Business:
 
 
 
 
 
 
Excluding CCI run-off business:
 
 
 
 
 
 
Net premiums earned
 
$
286.7

 
$
368.0

 
$
444.9

Net investment income and other income
 
36.4

 
36.6

 
61.2

Total revenues before realized gains or losses
 
$
323.1

 
$
404.6

 
$
506.1

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses (a)(c)
 
$
126.3

 
$
(433.6
)
 
$
(678.1
)
Income tax expense (credits) on above
 
$
44.2

 
$
(151.5
)
 
$
(234.3
)
 
 
 
 
 
 
 
All CCI run-off business:
 
 
 
 
 
 
Net premiums earned
 
$
29.8

 
$
42.4

 
$
58.3

Net investment income and other income
 
.4

 
.1

 
.1

Total revenues before realized gains or losses
 
$
30.2

 
$
42.6

 
$
58.4

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses
 
$
(16.2
)
 
$
(74.9
)
 
$
(49.6
)
Income tax expense (credits) on above
 
$
(5.6
)
 
$
(26.2
)
 
$
(17.3
)
 
 
 
 
 
 
 
Total RFIG run-off MI and CCI business:
 
 
 
 
 
 
Net premiums earned
 
$
316.5

 
$
410.5

 
$
503.2

Net investment income and other income
 
36.8

 
36.7

 
61.3

Total revenues before realized gains or losses
 
$
353.4

 
$
447.3

 
$
564.6

Income (loss) before taxes (credits) and
 
 
 
 
 
 
realized investment gains or losses (a)(c)
 
$
110.0

 
$
(508.6
)
 
$
(727.8
)
Income tax expense (credits) on above
 
$
38.5

 
$
(177.8
)
 
$
(251.6
)
 
 
 
 
 
 
 

Segment Reporting (Continued)
Years Ended December 31:
 
2013
 
2012
 
2011
Consolidated Revenues:
 
 
 
 
 
 
Total revenues of above Company segments
 
$
5,228.9

 
$
4,853.8

 
$
4,445.1

Other sources (b)
 
123.3

 
126.4

 
143.7

Consolidated net realized investment gains (losses)
 
148.1

 
47.8

 
115.5

Consolidation elimination adjustments
 
(57.7
)
 
(58.0
)
 
(58.8
)
Consolidated revenues
 
$
5,442.7

 
$
4,970.1

 
$
4,645.5

 
 
 
 
 
 
 
Consolidated Income (Loss) Before Taxes (Credits):
 
 
 
 
 
 
Total income (loss) before income taxes (credits)
 
 
 
 
 
 
and realized investment gains or losses of
 
 
 
 
 
 
above Company segments
 
$
522.7

 
$
(173.6
)
 
$
(337.5
)
Other sources - net (b)
 
2.1

 
(2.7
)
 
(14.6
)
Consolidated net realized investment gains (losses)
 
148.1

 
47.8

 
115.5

Consolidated income (loss) before income taxes (credits)
 
$
672.9

 
$
(128.5
)
 
$
(236.7
)
 
 
 
 
 
 
 
Consolidated Income Tax Expense (Credits):
 
 
 
 
 
 
Total income tax expense (credits)
 
 
 
 
 
 
for above Company segments
 
$
173.5

 
$
(73.8
)
 
$
(128.2
)
Other sources - net (b)
 
(.3
)
 
(2.8
)
 
(5.4
)
Income tax expense (credits) on
 
 
 
 
 
 
consolidated net realized investment gains (losses)
 
51.8

 
16.7

 
37.5

Consolidated income tax expense (credits)
 
$
225.0

 
$
(59.8
)
 
$
(96.1
)
December 31:
 
 
 
2013
 
2012
Consolidated Assets:
 
 
 
 
 
 
General Insurance
 
 
 
$
13,276.6

 
$
12,770.2

Title Insurance
 
 
 
1,185.5

 
1,076.5

RFIG Run-off Business
 
 
 
1,822.3

 
2,051.1

Total assets for above company segments
 
 
 
16,284.5

 
15,897.9

Other assets (b)
 
 
 
549.8

 
626.2

Consolidation elimination adjustments
 
 
 
(299.9
)
 
(297.3
)
Consolidated assets
 
 
 
$
16,534.4

 
$
16,226.8

__________

In the above tables, net premiums earned on a GAAP basis differ slightly from statutory amounts due to certain differences in calculations of unearned premium reserves under each accounting method.

(a)
Income (loss) before taxes (credits) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $28.9, $28.1 and $25.0 for the years ended December 31, 2013, 2012, and 2011, respectively; Title - $7.9, $8.0 and $5.3 for the years ended December 31, 2013, 2012, and 2011, respectively; RFIG Run-off - $-, $2.1 and $8.0 for the years ended December 31, 2013, 2012, and 2011, respectively.
(b)
Represents amounts for Old Republic's holding company parent, minor corporate services subsidiaries, and a small life and accident insurance operation.
(c)
Income (loss) before taxes (credits) for 2011 includes an accrual of employment severance and similar costs ($10.7), elimination of previously deferred acquisition costs ($29.1) no longer deemed recoverable in future run-off periods, and a write-off of the historical goodwill balance of ($10.7).

General Insurance results for 2012 reflect a pretax charge of $37.9 related to previously deferred acquisition costs . The charge stemmed from new accounting guidance issued by the FASB which became effective as of January 1, 2012.