Old Republic International Corp. (ORI), first-quarter net income of $56.2 million or $0.21 per share, compared to $0.4 million or break even per share last year.
Operating income for the quarter was $53.2 million or $0.20 per share, compared to a loss of $1.4 million or $0.01 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share. Analysts' estimates typically exclude special items.
Total revenues grew 9.5 percent to $1.27 billion from $1.16 billion last year. Analysts estimated revenues of $1.22 billion for the quarter.
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