| | Business Summary | | Old
Republic
International
Corporation
is
an
insurance
holding
company
that
conducts
its
business
through
four
separate
segments,
General
(property
and
liability
coverages),
Mortgage
Guaranty,
Title
and
Life
insurance
groups.
The
General
Insurance
Group
provides
commercial
automobile
full
coverage
protection,
workers'
compensation
and
general
liability
(including
the
general
liability
portion
of
commercial
package
policies).
The
Mortgage
Guaranty
Group
only
insures
first
mortgage
loans,
primarily
on
residential
properties
having
one-to-four-family
dwelling
units.
The
Title
Insurance
Group's
business
consists
primarily
of
the
issuance
of
policies
to
real
estate
purchasers
and
investors
based
upon
searches
of
the
public
records
that
contain
information
concerning
interests
in
real
property.
The
Life
Insurance
Group
markets
and
writes
consumer
credit
life
and
disability
insurance
primarily
through
automobile
dealers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | ORI
is
a
holding
company
engaged
in
the
underwriting
and
managing
of
property
and
liability,
life
and
disability,
title,
and
mortgage
guaranty
insurance.
For
the
six
months
ended
6/30/01,
revenues
increased
14%
to
$1.14
billion.
Net
income
increased
41%
to
$175.5
million.
Revenues
reflect
pricing
and
risk
selection
improvements,
and
increased
investment
income.
Earnings
also
reflect
decreased
claims
and
settlement
expenses
as
a
percentage
of
revenues. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| A. Zucaro, 61
Chairman,
Pres, CEO | $902K | $267K | John Adams, 43
CFO,
Sr. VP | 423K | 192K | William Simpson, 59
Sr.
VP, Pres of Republic Mortgage Insurance Company | 1.1M | 1.8M | Charlie Boone, 48
Sr.
VP, Investments and Treasurer | -- | -- | Spencer LeRoy III, 54
Sr.
VP, Gen. Counsel, and Sec. | 475K | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/o/ori.gif)