“Exploring the 12.8% Drop in Old Republic’s Net Income in 2023: A Comprehensive Analysis”
Although interest rates have been on a downward trend, Old Republic, one of the top four title companies, saw a significant annualized drop of 22.8% in net premiums and fees in its title insurance division in the final quarter of 2023. This sharp decline played a significant role in the year’s overall decrease of 12.8%. The final quarter of the year was particularly challenging for the company’s title segment.