In its Q4 2021 earnings call (held January 27, 2022), our parent Company, Old Republic International Corporation (ORI), reported that ORI produced another terrific quarter, as well as a third consecutive record-setting year.
In his opening remarks on the call, ORI's President and CEO Craig Smiddy, said, "Both our major segments, General Insurance and Title Insurance, posted outstanding results. Net premiums and fees earned increased to $2 billion for the quarter and $8 billion for the year. That's up 19 percent over the prior year.
"At the same time, pre-tax operating income increased to $335 million for the quarter and $1.2 billion for the year, eclipsing the $1 billion mark for the first time and up over 40 percent over the prior year. Title net premiums and fees earned increased by 34 percent over the prior year.
"So we think it's clear that our diverse portfolio of specialty products in both General Insurance and Title Insurance continue to deliver strong growth and exceptional profitability as demonstrated by these results."
For more information, please review the complete 01/27/22 news release from Old Republic International Corporation. To see financial highlights for the Old Republic Title Insurance Group, scroll down in the news release to the section called "Title Insurance Segment Results."