Description of Business
(a) General Description of Business. Old Republic International Corporation is a
Chicago based holding company engaged in the single business of insurance
underwriting. It conducts its operations through a number of regulated insurance
company subsidiaries organized into three major segments, namely, it's General
Insurance Group (property and liability insurance), Title Insurance Group, and
the Republic Financial Indemnity Group ("RFIG") (mortgage guaranty ("MI") and
consumer credit indemnity ("CCI")) Run-off Business. References herein to such
groups apply to the Company's subsidiaries engaged in these respective segments
of business. The results of a small life and accident insurance business are
included within the corporate and other caption of this report. "Old Republic"
or "the Company" refers to Old Republic International Corporation and its
subsidiaries as the context requires.