Old Republic International Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 09:51 am EDT
Old Republic International Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1,798.3 million compared to USD 1,810.3 million a year ago. Net income was USD 155.5 million compared to net loss of USD 40.1 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to basic loss per share from continuing operations of USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to diluted loss per share from continuing operations of USD 0.13 a year ago.
For the six months, revenue was USD 3,557 million compared to USD 4,017 million a year ago. Net income was USD 355.4 million compared to USD 266.1 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to USD 0.87 a year ago.