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Information About Segments of Business (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The contributions of Old Republic's insurance industry segments to consolidated totals are shown in the following table.









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Segmented and Consolidated Results:
 
 
 
Quarters Ended
 
 
 
March 31,
 
 
 
 
 
2019
 
2018
General Insurance:
 
 
 
 
 
 
 
Net premiums earned
 
 
 
 
$
831.5

 
$
791.2

Net investment income and other income
 
 
 
 
118.5

 
113.5

Total revenues excluding investment gains (losses)
 
 
 
 
$
950.0

 
$
904.8

Segment pretax operating income (loss) (a)
 
 
 
 
$
108.3

 
$
83.3

Income tax expense (credits) on above
 
 
 
 
$
20.8

 
$
11.5

 
 
 
 
 
 
 
 
Title Insurance:
 
 
 
 
 
 
 
Net premiums earned
 
 
 
 
$
412.2

 
$
414.5

Title, escrow and other fees
 
 
 
 
94.6

 
99.3

Sub-total
 
 
 
 
506.9

 
513.8

Net investment income and other income
 
 
 
 
10.4

 
9.7

Total revenues excluding investment gains (losses)
 
 
 
 
$
517.3

 
$
523.6

Segment pretax operating income (loss) (a)
 
 
 
 
$
20.5

 
$
29.5

Income tax expense (credits) on above
 
 
 
 
$
4.3

 
$
6.3

 
 
 
 
 
 
 
 
RFIG Run-off Business:
 
 
 
 
 
 
 
Net premiums earned
 
 
 
 
$
16.2

 
$
21.3

Net investment income and other income
 
 
 
 
4.5

 
5.3

Total revenues excluding investment gains (losses)
 
 
 
 
$
20.7

 
$
26.7

Segment pretax operating income (loss)
 
 
 
 
$
8.2

 
$
10.9

Income tax expense (credits) on above
 
 
 
 
$
1.6

 
$
2.2

 
 
 
 
 
 
Consolidated Revenues:
 
 
 
 
 
 
 
Total revenues of above Company segments
 
 
 
 
$
1,488.1

 
$
1,455.2

Other sources (b)
 
 
 
 
44.0

 
41.4

Consolidated investment gains (losses):
 
 
 
 
 
 
 
Realized from actual transactions
 
 
 
 
12.3

 
15.5

Unrealized from changes in fair value of equity securities
 
 
 
 
355.6

 
(152.0
)
Total realized and unrealized investment gains (losses)
 
 
 
 
368.0

 
(136.4
)
Consolidation elimination adjustments
 
 
 
 
(31.5
)
 
(29.7
)
Consolidated revenues
 
 
 
 
$
1,868.6

 
$
1,330.4

 
 
 
 
 
 
 
 
Consolidated Pretax Income (Loss):
 
 
 
 
 
 
 
Total segment pretax operating income (loss) of
 
 
 
 
 
 
 
above Company segments
 
 
 
 
$
137.1

 
$
123.8

Other sources - net (b)
 
 
 
 
13.2

 
6.5

Consolidated investment gains (losses):
 
 
 
 
 
 
 
Realized from actual transactions
 
 
 
 
12.3

 
15.5

Unrealized from changes in fair value of equity securities
 
 
 
 
355.6

 
(152.0
)
Total realized and unrealized investment gains (losses)
 
 
 
 
368.0

 
(136.4
)
Consolidated income (loss) before income
 
 
 
 
 
 
 
   taxes (credits)
 
 
 
 
$
518.5

 
$
(6.0
)
 
 
 
 
 
 
 
 

 
 
 
Quarters Ended
 
 
 
March 31,
 
 
 
 
 
2019
 
2018
Consolidated Income Tax Expense (Credits):
 
 
 
 
 
 
 
Total income tax expense (credits)
 
 
 
 
 
 
 
of above Company segments
 
 
 
 
$
26.8

 
$
20.1

Other sources - net (b)
 
 
 
 
2.0

 
(1.5
)
Income tax expense (credits) on consolidated realized
 
 
 
 
 
 
 
and unrealized investment gains (losses)
 
 
 
 
77.4

 
(28.7
)
Consolidated income tax expense (credits)
 
 
 
 
$
106.2

 
$
(10.1
)
 
 
 
 
 
 
 
 
 
March 31,
 
December 31,
 
2019
 
2018
Consolidated Assets:
 
 
 
General Insurance
$
17,013.5

 
$
16,411.4

Title Insurance
1,579.3

 
1,452.2

RFIG Run-off Business
735.9

 
736.7

Total assets for the above company segments
19,328.7

 
18,600.3

Other assets (b)
1,140.0

 
1,028.9

Consolidation elimination adjustments
(171.8
)
 
(302.2
)
Consolidated assets
$
20,296.9

 
$
19,327.1

 
 
 
 

(a)
Segment pretax operating income (loss) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $18.4 and $15.4 for the quarters ended March 31, 2019 and 2018, respectively, and Title - $1.5 and $1.4 for the quarters ended March 31, 2019 and 2018, respectively.
(b)
Includes amounts for a small life and accident insurance business as well as those of the parent holding company and its internal corporate services subsidiaries.