Old Republic National Title Insurance Company
Executive Administrative Office
3000 Bayport Drive
Suite 1000
Tampa, Florida 33607

Old Republic Title Posts Record Results for 2017

Record Results

2017 was a record-setting year in many ways for Old Republic Title Insurance Group, especially in revenues and profits. The Company capitalized on an ongoing favorable mortgage rate environment, as well as an improving economy, positive unemployment figures and increased consumer confidence, which all helped to create reasonably strong housing and commercial property markets.

On the revenue side, there was a year-over-year gain of 3.6% in premiums and fees, reaching just shy of $2.3 billion. From the profitability side, pretax operating income increased by 12.8%, totaling $237.1 million, the best bottom-line result in the Company's 100+ year history. The favorable developments of claim reserves established in prior years continued in 2017 and reduced Old Republic Title's claim ratio by 3.3 percentage points for the full year.

For more information and financial highlights, see the Title Insurance Results section of the January 25, 2018 News Release from Old Republic International Corporation, Old Republic Title's parent company.

About Old Republic Title

Headquartered in Tampa, FL, the Old Republic Title Insurance Group, Inc. (ORTIG) is comprised of a multitude of title and related services companies. Its underwriters are Old Republic National Title Insurance Company, formed in 1907, and American Guaranty Title Insurance Company, dating back to 1889. Since 1992, no other title insurer has had higher overall financial-strength ratings than the ORTIG.

The ORTIG (known widely as Old Republic Title) offers a full complement of title insurance underwriting and related services such as: Internal Revenue Code (IRC) Section 1031 exchanges, notary services, commercial real estate due diligence, UCC insurance, bankruptcy reporting, national timeshare and relocation services, document recording, real estate appraisal, commercial real estate transaction coordination, mortgage servicer solutions, default management, flood reporting, and centralized national order placement services. It is a wholly-owned subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation's 50 largest publicly held insurance organizations.

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