Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2013

Schedule V - Valuation and Qualifying Accounts [Abstract]

Schedule V - Valuation and Qualifying Accounts

OLD REPUBLIC INTERNATIONAL CORPORATION AND SUBSIDIARIES
SCHEDULE V - VALUATION AND QUALIFYING ACCOUNTS
For the years ended December 31, 2013, 2012 and 2011
($ in Millions)
Column A	Column B		Column C				Column D			Column E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts - Describe		Deductions - Describe			Balance at End of Period
Year Ended December 31, 2013:
Deducted from Asset Accounts:
Reserve for unrecoverable
reinsurance	$	21.2	$	—	$	—	$	—		$	21.2
Deferred tax asset valuation
Allowance (1)	$	9.6	$	—	$	—	$	—		$	9.6
Year Ended December 31, 2012:
Deducted from Asset Accounts:
Reserve for unrecoverable
reinsurance	$	28.2	$	—	$	—	$	(7.0	)	$	21.2
Deferred tax asset valuation
Allowance (1)	$	12.2	$	—	$	—	$	(2.5	)	$	9.6
Year Ended December 31, 2011:
Deducted from Asset Accounts:
Reserve for unrecoverable
reinsurance	$	28.2	$	—	$	—	$	—		$	28.2
Deferred tax asset valuation
Allowance (1)	$	13.5	$	—	$	—	$	(1.3	)	$	12.2

__________

(1) A valuation allowance was established against deferred tax assets as of December 31, 2013, 2012 and 2011 related to certain net operating loss and tax credit carryforwards which the Company did not expect to realize. In valuing the deferred tax assets, the Company considered certain factors including primarily the scheduled reversals of certain deferred tax liabilities, estimates of future taxable income, the impact of available carryback and carryforward periods, as well as the availability of certain tax planning strategies. The Company estimates that all remaining deferred tax assets at year end 2013 will more likely than not be fully realized.