Old Republic General Insurance Group: Update following ratings' affirmation; stable outlook
Our credit view of this issuer reflects its strong market position in commercial lines and good profitability offset by pricing and reserving risk in long tail casualty lines.
Old Republic International is a holding company engaged in the business of insurance underwriting and related services. Through its regulated insurance company subsidiaries, the company conducts its operations in three main segments: General Insurance Group, which is a commercial lines insurance business focused on liability insurance coverages; Title Insurance Group, which consists mainly 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; and the Republic Financial Indemnity Group Run-off Business, which consists of mortgage guaranty and consumer credit indemnity operations.
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