Old Republic International (ORI) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page	9 Months Ended
	Sep. 30, 2021shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-10607
Entity Registrant Name	OLD REPUBLIC INTERNATIONAL CORPORATION
Entity Central Index Key	0000074260
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-2678171
Entity Address, Address Line One	307 North Michigan Avenue
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60601
City Area Code	312
Local Phone Number	346-8100
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock / $1 par value
Entity Common Stock, Shares Outstanding	307,008,734
Trading Symbol	ORI
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2021	Dec. 31, 2020
Available for sale:
Fixed maturity securities (at fair value) (amortized cost: $10,136.9 and $9,897.6)		$ 10,486.3	$ 10,496.8
Short-term investments (at fair value which approximates cost)		1,102.1	749.6
Subtotal of Available for Sale Debt securities and other short-term investments		11,588.4	11,246.4
Equity securities (at fair value) (cost: $3,754.7 and $3,269.7)		4,828	4,054.8
Other investments		30.6	28.8
Total Investments		16,447.1	15,330.1
Other Assets:
Cash		133.4	118.7
Accrued investment income		86.1	86.4
Accounts and notes receivable		1,861.4	1,593.9
Reinsurance balances and funds held		234.8	205
Reinsurance recoverable: Paid losses		75.1	67.6
Reinsurance recoverable: Policy and claim reserves		4,979.6	4,295.1
Deferred policy acquisition costs		355.3	328
Sundry assets		816.7	790
Total Other Assets		8,542.8	7,485
Total Assets		24,989.9	22,815.2
Liabilities, Preferred Stock, and Common Shareholders' Equity Liabilities:
Losses, claims, and settlement expenses		11,433.7	10,671
Unearned premiums		2,682.3	2,397.1
Other policyholders' benefits and funds		202.4	195.9
Total policy liabilities and accruals		14,318.5	13,264.2
Commissions, expenses, fees, and taxes		657	663.5
Reinsurance balances and funds		942.4	725.4
Taxes Payable, Current		1.2	4.2
Deferred Income Tax Liabilities, Net		151.5	137.3
Debt		1,588.2	966.4
Sundry liabilities		1,001.4	867.3
Commitments and contingent liabilities
Total Liabilities		18,660.5	16,628.5
Preferred Stock	[1]	0	0
Common Shareholders' Equity:
Common stock	[1]	307	304.1
Additional paid-in capital		1,363.8	1,306.9
Retained earnings		4,653.3	4,394.8
Accumulated other comprehensive income (loss)		93.2	284
Unallocated ESSOP shares (at cost)		(87.9)	(103.2)
Total Common Shareholders' Equity		6,329.4	6,186.6
Total Liabilities, Preferred Stock and Common Shareholders' Equity		$ 24,989.9	$ 22,815.2
[1]	At September 30, 2021 and December 31, 2020, there were 75,000,000 shares of $0.01 par value preferred stock authorized, of which no shares were outstanding. As of the same dates, there were 500,000,000 shares of common stock, $1.00 par value, authorized, of which 307,008,734 and 304,122,180 were issued as of September 30, 2021 and December 31, 2020, respectively. At September 30, 2021 and December 31, 2020, there were 100,000,000 shares of Class B Common Stock, $1.00 par value, authorized, of which no shares were issued.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Available for sale:
Fixed maturity securities (amortized costs)	$ 10,136.9	$ 9,897.6
Equity securities - cost	$ 3,754.7	$ 3,269.7
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, authorized shares (in shares)	75,000,000	75,000,000
Preferred Stock, outstanding shares (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, authorized shares (in shares)	500,000,000	500,000,000
Common Stock, issued shares (in shares)	307,008,734	304,122,180
Common Class B [Member]
Available for sale:
Common Stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, authorized shares (in shares)	100,000,000	100,000,000
Common Stock, issued shares (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020
Revenues:
Net premiums earned		$ 1,941.7	$ 1,622.2		$ 5,542.5	$ 4,553.4
Title, escrow, and other fees		113.6	110.5		339.1	278.2
Total premiums and fees		2,055.4	1,732.8		5,881.6	4,831.6
Net investment income		111.6	106.4		323.6	329.3
Other income		37.8	31.7		112	98.5
Total operating revenues		2,204.9	1,871		6,317.3	5,259.5
Investment gains (losses):
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment		6.6	1.4		15.6	12.7
Equity Securities, FV-NI, Unrealized Gain (Loss)		(199.3)	79.2		288.1	(529.4)
Total realized and unrealized investment gains (losses)		(192.6)	80.7		303.7	(516.7)
Total revenues		2,012.2	1,951.7	[1]	6,621	4,742.8	[1]
Benefits, Claims and Expenses:
Benefits, claims and settlement expenses		615.4	633.2		1,829.3	1,870.8
Dividends to policyholders		2.9	4.9		17.5	14
Underwriting, acquisition, and other expenses		1,270.8	997.1		3,601.8	2,789.8
Interest and other charges		16.8	9.5		39.7	31.8
Total expenses		1,906.2	1,644.7		5,488.4	4,706.6
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		106	306.9		1,132.6	36.1
Income Taxes (Credits):
Current		63	45		160.4	110.9
Deferred		(45.7)	15.9		64.8	(113.7)
Total		17.2	60.9		225.2	(2.7)
Net income (loss)		$ 88.7	$ 246		$ 907.3	$ 38.9
Net Income (Loss) Per Share:
Net income (loss) per share: Basic (in dollars per share)		$ 0.29	$ 0.83		$ 3.01	$ 0.13
Net income (loss) per share: Diluted (in dollars per share)		$ 0.29	$ 0.83		$ 3	$ 0.13
Average shares outstanding: Basic (in shares)	[2]	301,577,493	297,729,418		301,247,397	298,526,123
Weighted Average Number of Shares Outstanding, Diluted, Total	[2]	303,539,358	297,990,822		302,908,488	299,015,526
[1]	Reclassification adjustments were made to certain Title segment revenues and expenses in the quarter and nine months ended September 30, 2020 to conform to the current presentation. See Note 1.
[2]	(a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all common shares.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 88.7	$ 246	$ 907.3	$ 38.9
Unrealized gains (losses) on securities:
Unrealized gains (losses) on securities before reclassifications	(67.9)	32.3	(248.9)	321.5
Amounts reclassified as realized investment gains from sales in the statements of income	(0.8)	(0.7)	(1.9)	7.8
Pretax unrealized gains (losses) on securities	(68.8)	31.6	(250.9)	329.3
Less: Deferred income taxes (credits)	(14.5)	6.6	(52.9)	69.5
Net unrealized gains (losses) on securities, net of tax	(54.3)	24.9	(197.9)	259.8
Defined benefit pension plans:
Net pension adjustment before reclassifications	0	0	0	0
Amounts reclassified as underwriting, acquisition, and other expenses in the statements of income	1.8	0.9	5.5	2.7
Pretax net adjustment related to defined benefit pension plans	1.8	0.9	5.5	2.7
Deferred income taxes (credits)	0.3	0.1	1.1	0.5
Net adjustment related to defined benefit pension plans, net of tax	1.4	0.7	4.3	2.1
Foreign currency translation adjustment	(4.3)	2.8	2.7	(3.6)
Total other comprehensive income (loss)	(57.2)	28.5	(190.8)	258.3
Comprehensive Income (Loss)	$ 31.5	$ 274.5	$ 716.4	$ 297.3

Consolidated Statements of Pref

Consolidated Statements of Preferred Stock and Common Shareholders' Equity - USD ($) $ in Millions	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained EarningsCumulative Effect, Period of Adoption, Adjusted Balance	AOCI Attributable to Parent	Unallocated ESSOP Shares
Common Stock, Dividends, Per Share, Cash Paid	$ 0.6300
Balance at Dec. 31, 2019		$ 0	$ 303.6	$ 1,297.5	$ 4,386	$ (2.3)	$ 4,383.6	$ 77.7	$ (64.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend reinvestment plan			0	0.7
Net issuance of shares under stock based compensation plans			0.3	4.8
Stock based compensation				2
ESSOP shares released				0.7					8.6
Adjustments to Additional Paid in Capital, Other				(0.2)
Net income (loss)	$ 38.9				38.9
Dividends on common stock					(187.7)
Net unrealized gains (losses) on securities, net of tax	259.8							259.8
Net adjustment related to defined benefit pension plans, net of tax	2.1							2.1
Foreign currency translation adjustment	(3.6)							(3.6)
Origination of Loans to Employee Stock Ownership Plans	$ (50)								(50)
Balance at Sep. 30, 2020		0	304	1,305.6	4,234.9			336.1	(106.1)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.2100
Balance at Jun. 30, 2020			304	1,305.1	4,051.2	0	4,051.2	307.5	(109)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend reinvestment plan			0	0.2
Net issuance of shares under stock based compensation plans			0	0.1
Stock based compensation				0.4
ESSOP shares released				0					2.8
Adjustments to Additional Paid in Capital, Other				(0.2)
Net income (loss)	$ 246				246
Dividends on common stock					(62.4)
Net unrealized gains (losses) on securities, net of tax	24.9							24.9
Net adjustment related to defined benefit pension plans, net of tax	0.7							0.7
Foreign currency translation adjustment	$ 2.8							2.8
Origination of Loans to Employee Stock Ownership Plans									0
Balance at Sep. 30, 2020		0	304	1,305.6	4,234.9			336.1	(106.1)
Common Stock, Dividends, Per Share, Cash Paid	$ 2.1600
Balance at Dec. 31, 2020		0	304.1	1,306.9	4,394.8	0	4,394.8	284	(103.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend reinvestment plan			0	1.7
Net issuance of shares under stock based compensation plans			2.7	45.6
Stock based compensation				3.1
ESSOP shares released				6.3					15.2
Adjustments to Additional Paid in Capital, Other				0
Net income (loss)	$ 907.3				907.3
Dividends on common stock					(648.8)
Net unrealized gains (losses) on securities, net of tax	(197.9)							(197.9)
Net adjustment related to defined benefit pension plans, net of tax	4.3							4.3
Foreign currency translation adjustment	2.7							2.7
Origination of Loans to Employee Stock Ownership Plans	$ 0								0
Balance at Sep. 30, 2021		0	307	1,363.8	4,653.3			93.2	(87.9)
Common Stock, Dividends, Per Share, Cash Paid	$ 1.7200
Balance at Jun. 30, 2021			305.7	1,337.6	5,082.1	$ 0	$ 5,082.1	150.4	(97.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend reinvestment plan			0	0.2
Net issuance of shares under stock based compensation plans			1.2	21.2
Stock based compensation				0.4
ESSOP shares released				4.1					9.3
Adjustments to Additional Paid in Capital, Other				0
Net income (loss)	$ 88.7				88.7
Dividends on common stock					(517.5)
Net unrealized gains (losses) on securities, net of tax	(54.3)							(54.3)
Net adjustment related to defined benefit pension plans, net of tax	1.4							1.4
Foreign currency translation adjustment	$ (4.3)							(4.3)
Origination of Loans to Employee Stock Ownership Plans									0
Balance at Sep. 30, 2021		$ 0	$ 307	$ 1,363.8	$ 4,653.3			$ 93.2	$ (87.9)

Consolidated Statements of Pr_2

Consolidated Statements of Preferred Stock and Common Shareholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Stockholders' Equity Attributable to Parent	$ 6,329.4		$ 6,329.4		$ 6,186.6
Dividends on common share (in usd per share)	$ 1.7200	$ 0.2100	$ 2.1600	$ 0.6300
Preferred Stock
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 907.3	$ 38.9
Adjustments to reconcile net income (loss) to
Deferred policy acquisition costs	(27.2)	(3.3)
Premiums and other receivables	(267.5)	(263.5)
Unpaid claims and related items	257.5	328.8
Unearned premiums and other policyholders' liabilities	112	46
Income taxes	63	(99.7)
Reinsurance balances	179.8	193.1
Realized from actual transactions and impairments	(15.6)	(12.7)
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI	(288.1)	529.4
Accounts payable, accrued expenses and other	49.4	51.9
Total	970.6	808.9
Available for sale
Maturities and early calls	1,121.4	935.3
Sales	281	343.6
Proceeds from Sale of Equity Securities, FV-NI	522.6	159.1
Sales of:
Other - net	6.5	7.1
Purchases of:
Fixed maturity securities	(1,668.4)	(1,380.2)
Payments to Acquire Equity Securities, FV-NI	(993.5)	(321)
Other - net	(42)	(31.7)
Net decrease (increase) in short-term investments	(352.2)	(263.6)
Other - net	0	(0.4)
Total	(1,124.5)	(551.9)
Cash flows from financing activities:
Proceeds from Issuance of Debt	642.5	0
Issuance of common shares	50.3	6
Redemption of debentures and notes	(21.7)	(8.6)
Origination of Loans to Employee Stock Ownership Plans	0	(50)
2021 of $304.0)	(501.5)	(187.7)
Other - net	(0.8)	(0.5)
Total	168.7	(240.8)
Increase (decrease) in cash
Cash, beginning of period	118.7	78.8
Cash, end of period	133.4	95
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	14.7	16.1
Supplemental cash flow information:
Cash paid (received) during the period for: Interest	40.9	41.3
Cash paid (received) during the period for: Income taxes	$ 162.4	$ 98.2

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
Statement of Cash Flows [Abstract]
Special dividend paid in January 2021	$ 303.4

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Accounting Policies and Basis of Presentation	Accounting Policies and Basis of Presentation: The accompanying consolidated financial statements have been prepared in conformity with the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") of accounting principles generally accepted in the United States of America ("GAAP"). These interim financial statements should be read in conjunction with these notes and those included in the Company's 2020 Annual Report on Form 10-K incorporated herein by reference. Pertinent accounting and disclosure pronouncements issued from time to time by the FASB are adopted by the Company as they become effective. Recent pronouncements are discussed below. Effective January 1, 2020, the Company adopted the FASB’s accounting guidance on current expected credit loss ("CECL") which requires the immediate recognition of estimated credit losses expected to occur over the remaining life of certain financial assets measured at amortized cost, primarily including the Company’s reinsurance recoverables, and its accounts and notes receivable. CECL replaced the incurred loss impairment model that recognized losses when a probability threshold was met with a requirement to recognize lifetime expected credit losses immediately when a financial asset is originated or purchased and at subsequent measurement dates. The expected credit losses, and subsequent adjustment to such losses, are recorded through an allowance account that is deducted from the amortized cost basis of the financial asset, with the net carrying value of the asset presented on the consolidated balance sheet. The guidance relating to financial assets measured at amortized cost was adopted on a modified retrospective basis, resulting in a net of tax adjustment to January 1, 2020 retained earnings of $2.3. The Company’s January 1, 2020 credit loss allowance of $30.1 was comprised of $14.5 related to reinsurance recoverables, $15.5 related to accounts and notes receivable, and an immaterial amount related to held to maturity securities. The September 30, 2021 allowance included $16.0 related to reinsurance recoverables and $21.5 related to accounts and notes receivable. No significant changes were made to the allowance during the nine months ended September 30, 2021. The guidance also modified the impairment model for available for sale fixed maturity securities by requiring the recognition of credit losses through an allowance account, as opposed to a charge that cannot be revised should the underlying security recover. Under the guidance, the length of time a security has been in an unrealized loss position will no longer impact the determination as to whether a credit loss exists. The revised guidance for available for sale fixed maturity securities was adopted on a prospective basis and the related disclosures summarizing this standard’s impact on the Company’s investment portfolio are included in Note 3. The financial accounting and reporting process relies on estimates and on the exercise of judgment. In the opinion of management all adjustments consisting only of normal recurring accruals necessary for a fair presentation of interim periods' results and financial position have been recorded. Amounts shown in the consolidated financial statements and applicable notes are stated (except as otherwise indicated and as to share data) in millions, which amounts may not add to totals shown due to truncation. Reclassifications - Reclassifications are made in prior periods' financial statements whenever appropriate to conform to the most current presentation. Immaterial Adjustment - The Company recorded immaterial adjustments to present revenues gross of the applicable commission expenses in the September 30, 2020 consolidated statements of income and comprehensive income by: increasing net premiums earned by $126.2 and $327.6 for the quarter and nine months, respectively, decreasing title, escrow and other fees by $58.3 and $140.7 for the quarter and nine months, respectively, and increasing underwriting, acquisition, and other expenses by $67.9 and $186.8 for the quarter and nine months, respectively. These immaterial adjustments were made to conform all prior periods to the current presentation and had no impact on net income (loss), comprehensive income (loss) or shareholders' equity.

Common Share Data

Common Share Data	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Common Share Data	Common Share Data:Earnings Per Share - Consolidated basic earnings per share excludes the dilutive effect of common stock equivalents and is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares actually outstanding for the periods presented. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. The following table provides a reconciliation of net income (loss) and the number of shares used in basic and diluted earnings per share calculations. Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Basic and diluted earnings per share - income (loss) available to common stockholders $ 88.7 $ 246.0 $ 907.3 $ 38.9 Denominator: Basic earnings per share - weighted-average shares (a) 301,577,493 297,729,418 301,247,397 298,526,123 Effect of dilutive securities - stock based compensation awards 1,961,865 261,404 1,661,091 489,403 Diluted earnings per share - adjusted weighted-average shares (a) 303,539,358 297,990,822 302,908,488 299,015,526 Earnings per share: Basic $ .29 $ .83 $ 3.01 $ .13 Diluted $ .29 $ .83 $ 3.00 $ .13 Anti-dilutive common stock equivalents excluded from earnings per share computations: Stock based compensation awards — 8,063,111 292,500 5,858,669 __________ (a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all common shares.

Investments

Investments	9 Months Ended
	Sep. 30, 2021
Investments [Abstract]
Investment	Investments: The Company classifies its fixed maturity securities as those it either (1) has the intent and ability to hold until maturity, (2) has available for sale or (3) has the intention of trading. The Company's entire fixed maturity portfolio is classified as available for sale. As of June 30, 2020 the Company changed its intent to hold its tax exempt municipal bond portfolio until maturity and consequently, reclassified these securities from their previous held to maturity designation to available for sale. As a result, net of tax unrealized gains of $48.5 were recognized in other comprehensive income as of that date. Fixed maturity securities classified as available for sale are reported at fair value with changes in such values, net of deferred income taxes, reflected directly in shareholders' equity. Equity securities are reported at fair value with changes in such values reflected as unrealized investment gains (losses) in the consolidated statements of income. Fair values are based on quoted market prices or estimates using values obtained from recognized independent pricing services. Credit losses are recorded through an allowance with the corresponding charge to realized investment gains (losses). If the Company intends to sell or is more likely than not required to sell a security, the asset is written down to fair value directly through realized investment gains (losses). The status and fair value changes of each of the fixed maturity investments are reviewed at least once per quarter during the year to assess whether a decline in fair value of an investment below its cost basis is the result of a credit loss. Factors considered in making this assessment include a security's market price history, as well as the issuer's operating results, financial condition and liquidity, its ability to access capital markets and to make scheduled principal or interest payments, credit rating trends, most current audited financial statements, industry and securities markets conditions and analyst expectations. Sudden fair value declines caused by such adverse developments as newly emerged or imminent bankruptcy filings, issuer default on significant obligations, or reports of financial accounting developments that bring into question the validity of the issuer's previously reported earnings or financial condition, are recognized as realized losses as soon as credible publicly available information emerges to confirm such developments. The Company recorded no allowance for credit losses as of September 30, 2021, and December 31, 2020. The amortized cost and estimated fair values by type and contractual maturity of fixed maturity securities are shown in the following tables. Expected maturities will differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Gross Gross Estimated Fixed Maturity Securities by Type: September 30, 2021: U.S. & Canadian Governments $ 1,952.5 $ 59.2 $ 5.7 $ 2,006.0 Tax-exempt 956.3 48.5 — 1,004.8 Corporate 7,228.0 294.1 46.8 7,475.3 $ 10,136.9 $ 401.9 $ 52.5 $ 10,486.3 December 31, 2020: U.S. & Canadian Governments $ 1,967.1 $ 96.4 $ .3 $ 2,063.2 Tax-exempt 997.1 66.3 — 1,063.5 Corporate 6,933.3 440.1 3.4 7,370.0 $ 9,897.6 $ 602.9 $ 3.8 $ 10,496.8 Amortized Estimated Fixed Maturity Securities Stratified by Contractual Maturity at September 30, 2021: Due in one year or less $ 1,142.3 $ 1,154.3 Due after one year through five years 5,048.3 5,301.6 Due after five years through ten years 3,857.2 3,941.5 Due after ten years 89.0 88.7 $ 10,136.9 $ 10,486.3 The following table reflects the Company's gross unrealized losses and fair value, aggregated by category and length of time that individual available for sale securities have been in an unrealized loss position. Fair value and issuer's cost comparisons follow: Less than 12 Months 12 Months or Greater Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses September 30, 2021: Fixed Maturity Securities: U.S. & Canadian Governments $ 482.9 $ 5.7 $ — $ — $ 482.9 $ 5.7 Corporate 1,796.4 46.8 — — 1,796.4 46.8 $ 2,279.4 $ 52.5 $ — $ — $ 2,279.4 $ 52.5 Number of securities in unrealized loss position 353 2 355 December 31, 2020: Fixed Maturity Securities: U.S. & Canadian Governments $ 416.4 $ .3 $ — $ — $ 416.4 $ .3 Corporate 333.6 3.4 — — 333.6 3.4 $ 750.0 $ 3.8 $ — $ — $ 750.0 $ 3.8 Number of securities in unrealized loss position 74 3 77 In the above tables the unrealized losses on fixed maturity securities are primarily deemed to reflect changes in the interest rate environment. As part of its assessment of credit losses, the Company considers its intent and ability to continue to hold the securities until cost recovery, principally in consideration of its asset and liability matching objectives. The following table shows cost and fair value information for equity securities: Equity Securities Cost Gross Gross Estimated September 30, 2021 $ 3,754.7 $ 1,185.3 $ 112.0 $ 4,828.0 December 31, 2020 $ 3,269.7 $ 1,028.1 $ 243.0 $ 4,054.8 During the third quarter and first nine months of 2021 and 2020, the Company recognized pretax unrealized investment gains (losses) of $(199.3) and $288.1, respectively for 2021, and $79.2 and $(529.4), respectively for 2020, emanating from changes in the fair value of equity securities in the consolidated statements of income. Changes in the fair value of equity securities still held at September 30, 2021 and 2020 were $(178.3) and $245.9 for the third quarter and first nine months of 2021, respectively, and $78.9 and $(520.6) for the third quarter and first nine months of 2020, respectively. Fair Value Measurements - Fair value is defined as the estimated price that is likely to be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (an exit price) at the measurement date. A fair value hierarchy is established that prioritizes the sources ("inputs") used to measure fair value into three broad levels: Level 1 inputs are based on quoted market prices in active markets; Level 2 observable inputs are based on corroboration with available market data; and Level 3 unobservable inputs are based on uncorroborated market data or a reporting entity's own assumptions. Following is a description of the valuation methodologies and general classification used for financial instruments measured at fair value. The Company uses quoted values and other data provided by a nationally recognized independent pricing source as inputs into its quarterly process for determining fair values of fixed maturity and equity securities. To validate the techniques or models used by pricing sources, the Company's review process includes, but is not limited to: (i) initial and ongoing evaluation of methodologies used by outside parties to calculate fair value; and (ii) comparisons with other sources including the fair value estimates based on current market quotations, and with independent fair value estimates provided by the independent investment custodian. The independent pricing source obtains market quotations and actual transaction prices for securities that have quoted prices in active markets and uses their own proprietary method for determining the fair value of securities that are not actively traded. In general, these methods involve the use of "matrix pricing" in which the independent pricing source uses observable market inputs including, but not limited to, investment yields, credit risks and spreads, benchmarking of like securities, broker-dealer quotes, reported trades and sector groupings to determine a reasonable fair value. Level 1 securities include U.S. and Canadian Treasury notes, publicly traded common stocks, mutual funds, and short-term investments in highly liquid money market instruments. Level 2 securities generally include corporate bonds, municipal bonds, and certain U.S. and Canadian government agency securities. Securities classified within Level 3 include non-publicly traded bonds and equity securities. There were no significant changes in the fair value of Level 3 assets as of September 30, 2021 and December 31, 2020. The following tables show a summary of the fair value of financial assets segregated among the various input levels described above: Fair Value Measurements As of September 30, 2021: Level 1 Level 2 Level 3 Total Available for sale: Fixed maturity securities: U.S. & Canadian Governments $ 1,277.3 $ 728.6 $ — $ 2,006.0 Tax-exempt — 1,004.8 — 1,004.8 Corporate — 7,464.8 10.5 7,475.3 Short-term investments 1,102.1 — — 1,102.1 Equity securities $ 4,826.1 $ — $ 1.9 $ 4,828.0 As of December 31, 2020: Available for sale: Fixed maturity securities: U.S. & Canadian Governments $ 1,262.2 $ 801.0 $ — $ 2,063.2 Tax-exempt — 1,063.5 — 1,063.5 Corporate — 7,359.5 10.5 7,370.0 Short-term investments 749.6 — — 749.6 Equity securities $ 4,052.9 $ — $ 1.8 $ 4,054.8 There were no transfers between Levels 1, 2 or 3 during the quarter ended September 30, 2021. Investment income is reported net of allocated expenses and includes appropriate adjustments for amortization of premium and accretion of discount on fixed maturity securities acquired at other than par value. Dividends on equity securities are credited to income on the ex-dividend date. Investment gains and losses, which result from sales or write downs of securities, are reflected as revenues in the income statement and are determined on the basis of amortized cost at date of sale for fixed maturity securities, and cost in regard to equity securities; such bases apply to the specific securities sold. Unrealized gains and (losses) from changes in fair value of equity securities are recorded as investment gains (losses) in the income statement. Unrealized investment gains (losses) on fixed maturity securities, net of any deferred income taxes, are recorded directly as a component of accumulated other comprehensive income in shareholders' equity. At September 30, 2021, the Company and its subsidiaries did not have significant amounts of non-income producing fixed maturity or equity securities. The following table reflects the composition of net investment income, net realized gains or losses, and the net change in unrealized investment gains or losses for each of the periods shown. Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Investment income: Fixed maturity securities $ 67.3 $ 71.3 $ 209.7 $ 218.3 Equity securities 45.0 36.1 116.6 111.1 Short-term investments — .1 .1 2.3 Other sources .8 .3 1.6 2.7 Gross investment income 113.2 107.9 328.1 334.5 Investment expenses (a) 1.5 1.5 4.5 5.1 Net investment income $ 111.6 $ 106.4 $ 323.6 $ 329.3 Investment gains (losses): From actual transactions: Fixed maturity securities: Gains $ 1.0 $ 6.3 $ 2.6 $ 10.0 Losses (.1) (5.6) (.7) (17.9) Net .8 .6 1.9 (7.8) Equity securities: Gains 31.2 .7 68.0 21.7 Losses (25.5) — (54.3) (1.2) Net 5.7 .7 13.6 20.5 Total from actual transactions 6.6 1.4 15.6 12.7 From unrealized changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Current and deferred income taxes (credits) (40.9) 16.9 64.0 (108.7) Net of tax realized and unrealized investment gains (losses) $ (151.6) $ 63.7 $ 239.6 $ (408.0) Changes in unrealized investment gains (losses) reflected directly in shareholders' equity: Fixed maturity securities $ (68.3) $ 31.5 $ (249.2) $ 325.9 Less: Deferred income taxes (credits) (14.4) 6.6 (52.6) 68.7 (53.9) 24.8 (196.6) 257.1 Other investments (.4) .1 (1.6) 3.4 Less: Deferred income taxes (credits) (.1) — (.3) .7 (.3) — (1.3) 2.7 Net changes in unrealized investment gains (losses), net of tax $ (54.3) $ 24.9 $ (197.9) $ 259.8 __________ (a) Investment expenses largely consist of personnel costs and investment management and custody service fees.

Losses, Claims and Settlement E

Losses, Claims and Settlement Expenses	9 Months Ended
	Sep. 30, 2021
Insurance [Abstract]
Losses, Claims and Settlement Expenses	Losses, Claims and Settlement Expenses: The establishment of claim reserves by the Company's insurance subsidiaries is a reasonably complex and dynamic process influenced by a large variety of factors. These factors principally include past experience applicable to the anticipated costs of various types of claims, continually evolving and changing legal theories emanating from the judicial system, recurring accounting, statistical, and actuarial studies, the professional experience and expertise of the Company's claim departments' personnel or attorneys and independent claim adjusters, ongoing changes in claim frequency or severity patterns such as those caused by natural disasters, illnesses, accidents, work-related injuries, and changes in general and industry-specific economic conditions. Consequently, the reserves established are a reflection of the opinions of a large number of persons, of the application and interpretation of historical precedent and trends, of expectations as to future developments, and of management's judgment in interpreting all such factors. At any point in time, the Company is exposed to the incurrence of possibly higher or lower than anticipated claim costs due to all of these factors, and to the evolution, interpretation, and expansion of tort law, as well as the effects of unexpected jury verdicts. All reserves are therefore based on estimates which are periodically reviewed and evaluated in the light of emerging claim experience and changing circumstances. The resulting changes in estimates are recorded in operations of the periods during which they are made. Return and additional premiums and policyholders' dividends, all of which tend to be affected by development of claims in future years, may offset, in whole or in part, favorable or unfavorable claim developments for certain coverages such as workers' compensation, portions of which are written under loss sensitive programs that provide for such adjustments. The Company believes that its overall reserving practices have been consistently applied over many years, and that its aggregate net reserves have generally resulted in reasonable approximations of the ultimate net costs of claims incurred. However, no representation is made nor is any guaranty given that ultimate net claim and related costs will not develop in future years to be greater or lower than currently established reserve estimates. The Company’s accounting policy regarding the establishment of claim reserve estimates is described in Note 1(h) to the consolidated financial statements included in Old Republic’s 2020 Annual Report on Form 10-K. The following table shows an analysis of changes in aggregate reserves for the Company's losses, claims and settlement expenses for each of the periods shown. This space left intentionally blank Summary of changes in aggregate reserves for claims and related costs: Nine Months Ended September 30, 2021 2020 Gross reserves at beginning of period $ 10,671.0 $ 9,929.5 Less: reinsurance losses recoverable 3,650.5 3,249.7 Net reserves at beginning of period: General Insurance 6,328.0 6,021.3 Title Insurance 556.1 530.9 RFIG Run-off 127.6 118.9 Other 8.6 8.4 Sub-total 7,020.4 6,679.7 Incurred claims and claim adjustment expenses: Provisions for insured events of the current year: General Insurance 1,802.9 1,787.9 Title Insurance 118.0 80.8 RFIG Run-off 14.8 36.2 Other 9.0 8.3 Sub-total 1,944.8 1,913.4 Change in provision for insured events of prior years: General Insurance (77.0) (11.6) Title Insurance (22.6) (19.6) RFIG Run-off (11.4) (7.8) Other (3.3) (2.3) Sub-total (114.4) (41.4) Total incurred claims and claim adjustment expenses 1,830.4 1,871.9 Payments: Claims and claim adjustment expenses attributable to insured events of the current year: General Insurance 523.9 505.9 Title Insurance 17.7 1.9 RFIG Run-off .2 .6 Other 4.9 4.8 Sub-total 546.8 513.4 Claims and claim adjustment expenses attributable to insured events of prior years: General Insurance 971.4 968.3 Title Insurance 40.9 35.5 RFIG Run-off 12.3 23.9 Other 1.3 1.9 Sub-total 1,026.0 1,029.8 Total payments 1,572.8 1,543.2 Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable: General Insurance 6,558.5 6,323.4 Title Insurance 592.8 554.5 RFIG Run-off 118.5 122.7 Other 8.0 7.7 Sub-total 7,278.0 7,008.4 Reinsurance losses recoverable 4,155.7 3,548.6 Gross reserves at end of period $ 11,433.7 $ 10,557.1

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
Pension Plans	Employee Benefit Plans:The Company had an active pension plan (the "Plan") covering a portion of its work force until December 31, 2013. The Plan is a defined benefit plan pursuant to which pension payments are based primarily on years of service and employee compensation near retirement. The Plan was closed to new participants and benefits were frozen as of December 31, 2013. As a result, eligible employees retained all of the vested rights as of the effective date of the freeze. While additional benefits no longer accrue, the Company's cumulative obligation continues to be subject to further adjustment due to changes in actuarial assumptions such as expected mortality and changes in interest rates. Net periodic pension costs for the quarterly periods ended September 30, 2021 and 2020 were not material to Old Republic's consolidated statements of income.

Information About Segments of B

Information About Segments of Business	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Information About Segments of Business	Information About Segments of Business: Old Republic is engaged in the single business of insurance underwriting and related services. The Company conducts its operations through a number of regulated insurance company subsidiaries organized into three major segments, namely its General Insurance (property and liability insurance), Title Insurance, and the Republic Financial Indemnity Group ("RFIG") Run-off Business. The results of a small life and accident insurance business are included with those of the parent holding company and its internal corporate services subsidiaries. Each of the Company's segments underwrites and services only those insurance coverages which may be written by it pursuant to state insurance regulations and corporate charter provisions. Segment results exclude investment gains or losses as these are aggregated in the consolidated totals. The contributions of Old Republic's insurance industry segments to consolidated totals are shown in the following table. This space left intentionally blank Segmented and Consolidated Results: Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 General Insurance: Net premiums earned $ 902.8 $ 861.9 $ 2,629.2 $ 2,532.8 Net investment income and other income 121.7 117.3 367.4 362.1 Total revenues excluding investment gains (losses) $ 1,024.6 $ 979.3 $ 2,996.7 $ 2,895.0 Segment pretax operating income (loss) (a) $ 145.8 $ 109.7 $ 410.0 $ 305.1 Income tax expense (credits) $ 29.0 $ 20.5 $ 79.9 $ 56.9 Title Insurance: Net premiums earned (c) $ 1,028.5 $ 746.5 $ 2,879.6 $ 1,976.3 Title, escrow and other fees (c) 113.6 110.5 339.1 278.2 Sub-total (c) 1,142.1 857.0 3,218.7 2,254.5 Net investment income and other income 11.2 10.5 33.3 32.1 Total revenues excluding investment gains (losses) (c) $ 1,153.3 $ 867.6 $ 3,252.0 $ 2,286.6 Segment pretax operating income (loss) (a) $ 135.7 $ 103.1 $ 378.3 $ 211.9 Income tax expense (credits) $ 29.8 $ 21.5 $ 80.8 $ 44.4 RFIG Run-off Business: Net premiums earned $ 7.7 $ 10.8 $ 25.4 $ 35.1 Net investment income and other income 2.6 3.4 8.7 11.8 Total revenues excluding investment gains (losses) $ 10.3 $ 14.3 $ 34.2 $ 46.9 Segment pretax operating income (loss) $ 8.4 $ 4.5 $ 20.9 $ 8.0 Income tax expense (credits) $ 1.6 $ .8 $ 4.0 $ 1.2 Consolidated Revenues: Total revenues of Company segments (c) $ 2,188.3 $ 1,861.3 $ 6,283.0 $ 5,228.6 Other sources (b) 50.1 36.4 122.0 112.6 Consolidated investment gains (losses): Realized from actual transactions 6.6 1.4 15.6 12.7 Unrealized from changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Consolidation elimination adjustments (33.6) (26.7) (87.7) (81.7) Consolidated revenues (c) $ 2,012.2 $ 1,951.7 $ 6,621.0 $ 4,742.8 Consolidated Pretax Income (Loss): Total segment pretax operating income (loss) of Company segments $ 290.0 $ 217.4 $ 809.3 $ 525.0 Other sources - net (b) 8.6 8.7 19.5 27.8 Consolidated investment gains (losses): Realized from actual transactions 6.6 1.4 15.6 12.7 Unrealized from changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Consolidated income (loss) before income taxes (credits) $ 106.0 $ 306.9 $ 1,132.6 $ 36.1 Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Consolidated Income Tax Expense (Credits): Total income tax expense (credits) of Company segments $ 60.5 $ 42.9 $ 164.8 $ 102.7 Other sources - net (b) (2.3) .9 (3.6) 3.2 Income tax expense (credits) on consolidated realized and unrealized investment gains (losses) (40.9) 16.9 64.0 (108.7) Consolidated income tax expense (credits) $ 17.2 $ 60.9 $ 225.2 $ (2.7) September 30, December 31, 2021 2020 Consolidated Assets: General Insurance $ 20,562.5 $ 19,226.1 Title Insurance 2,118.1 1,920.9 RFIG Run-off Business 524.7 582.9 Total assets of company segments 23,205.4 21,730.0 Other assets (b) 2,002.6 1,318.2 Consolidation elimination adjustments (218.2) (233.0) Consolidated assets $ 24,989.9 $ 22,815.2 (a) Segment pretax operating income (loss) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $15.9 and $47.7 compared to $15.4 and $47.6 for the quarters and nine months ended September 30, 2021 and 2020, respectively, and Title - $.4 and $1.4 compared to $.6 and $2.2 for the quarters and nine months ended September 30, 2021 and 2020, respectively. (b) Includes amounts for a small life and accident insurance business as well as those of the parent holding company and its internal corporate services subsidiaries. (c) Reclassification adjustments were made to certain Title segment revenues and expenses in the quarter and nine months ended September 30, 2020 to conform to the current presentation. See Note 1.

Commitments and Contingent Liab

Commitments and Contingent Liabilities Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities: Legal Proceedings - Legal proceedings against the Company and its subsidiaries routinely arise in the normal course of business and usually pertain to claim matters related to insurance policies and contracts issued by its insurance subsidiaries. At September 30, 2021, the Company had no material non-claim litigation exposures in its consolidated business.

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt: Consolidated debt of Old Republic and its subsidiaries is summarized below: September 30, 2021 December 31, 2020 Carrying Fair Carrying Fair 4.875% Senior Notes issued in 2014 and due 2024 $ 398.3 $ 444.5 $ 397.9 $ 457.7 3.875% Senior Notes issued in 2016 and due 2026 547.2 609.5 546.8 634.1 3.850% Senior Notes issued in 2021 and due 2051 642.6 709.3 — — Other miscellaneous debt — — 21.7 21.7 Total debt $ 1,588.2 $ 1,763.5 $ 966.4 $ 1,113.6 On June 11, 2021, the Company completed a public offering of $650.0 aggregate principal amount of Senior Notes. The notes bear interest at a rate of 3.850% per year and mature on June 11, 2051. Fair Value Measurements - The Company utilizes indicative market prices, which incorporate recent actual market transactions and current bid/ask quotations to estimate the fair value of outstanding debt securities that are classified within Level 2 of the fair value hierarchy as presented below. The Company used an internally generated interest yield market matrix table, which incorporates maturity, coupon rate, credit quality, structure and current market conditions to estimate the fair value of its outstanding debt securities that were classified within Level 3. The following table shows a summary of financial liabilities disclosed, but not carried at fair value, segregated among the various input levels described in Note 3 above: Carrying Fair Value Value Level 1 Level 2 Level 3 Financial Liabilities: Debt: September 30, 2021 $ 1,588.2 $ 1,763.5 $ — $ 1,763.5 $ — December 31, 2020 $ 966.4 $ 1,113.6 $ — $ 1,091.9 $ 21.7

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes:Tax positions taken or expected to be taken in a tax return by the Company are recognized in the financial statements when it is more likely than not that the position would be sustained upon examination by tax authorities. To the best of management's knowledge, there are no tax uncertainties that are expected to result in significant increases or decreases to unrecognized tax benefits within the next twelve month period. The Company views its income tax exposures as primarily consisting of timing differences whereby the ultimate deductibility of a taxable amount is highly certain but the timing of its deductibility is uncertain. Such differences relate principally to the timing of deductions for loss and premium reserves. As in prior examinations, the Internal Revenue Service ("IRS") could assert that claim reserve deductions were overstated thereby reducing the Company's statutory taxable income in any particular year. The Company believes that it establishes its reserves fairly and consistently at each balance sheet date, and that it would succeed in defending its tax position in these regards. Because of the impact of deferred tax accounting, the possible accelerated payment of tax to the IRS would not necessarily affect the annual effective tax rate. The Company classifies interest and penalties as income tax expense in the consolidated statement of income. The Company is not currently under audit by the IRS and 2018 and subsequent tax years remain open.

Common Share Data (Tables)

Common Share Data (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	The following table provides a reconciliation of net income (loss) and the number of shares used in basic and diluted earnings per share calculations. Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Basic and diluted earnings per share - income (loss) available to common stockholders $ 88.7 $ 246.0 $ 907.3 $ 38.9 Denominator: Basic earnings per share - weighted-average shares (a) 301,577,493 297,729,418 301,247,397 298,526,123 Effect of dilutive securities - stock based compensation awards 1,961,865 261,404 1,661,091 489,403 Diluted earnings per share - adjusted weighted-average shares (a) 303,539,358 297,990,822 302,908,488 299,015,526 Earnings per share: Basic $ .29 $ .83 $ 3.01 $ .13 Diluted $ .29 $ .83 $ 3.00 $ .13 Anti-dilutive common stock equivalents excluded from earnings per share computations: Stock based compensation awards — 8,063,111 292,500 5,858,669 __________ (a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all common shares.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2021
Investments [Abstract]
Amortized Cost and Estimated Fair Values Of Fixed Maturities	Expected maturities will differ from contractual maturities since borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Gross Gross Estimated Fixed Maturity Securities by Type: September 30, 2021: U.S. & Canadian Governments $ 1,952.5 $ 59.2 $ 5.7 $ 2,006.0 Tax-exempt 956.3 48.5 — 1,004.8 Corporate 7,228.0 294.1 46.8 7,475.3 $ 10,136.9 $ 401.9 $ 52.5 $ 10,486.3 December 31, 2020: U.S. & Canadian Governments $ 1,967.1 $ 96.4 $ .3 $ 2,063.2 Tax-exempt 997.1 66.3 — 1,063.5 Corporate 6,933.3 440.1 3.4 7,370.0 $ 9,897.6 $ 602.9 $ 3.8 $ 10,496.8
Amortized Cost and Estimated Fair Values Of Fixed Maturities By Contractual Maturities	Amortized Estimated Fixed Maturity Securities Stratified by Contractual Maturity at September 30, 2021: Due in one year or less $ 1,142.3 $ 1,154.3 Due after one year through five years 5,048.3 5,301.6 Due after five years through ten years 3,857.2 3,941.5 Due after ten years 89.0 88.7 $ 10,136.9 $ 10,486.3
Gross Unrealized Losses and Fair Value, Aggregated	The following table reflects the Company's gross unrealized losses and fair value, aggregated by category and length of time that individual available for sale securities have been in an unrealized loss position. Fair value and issuer's cost comparisons follow: Less than 12 Months 12 Months or Greater Total Fair Unrealized Losses Fair Unrealized Losses Fair Unrealized Losses September 30, 2021: Fixed Maturity Securities: U.S. & Canadian Governments $ 482.9 $ 5.7 $ — $ — $ 482.9 $ 5.7 Corporate 1,796.4 46.8 — — 1,796.4 46.8 $ 2,279.4 $ 52.5 $ — $ — $ 2,279.4 $ 52.5 Number of securities in unrealized loss position 353 2 355 December 31, 2020: Fixed Maturity Securities: U.S. & Canadian Governments $ 416.4 $ .3 $ — $ — $ 416.4 $ .3 Corporate 333.6 3.4 — — 333.6 3.4 $ 750.0 $ 3.8 $ — $ — $ 750.0 $ 3.8 Number of securities in unrealized loss position 74 3 77
Equity Securities Reflecting Reported Cost	Equity Securities Cost Gross Gross Estimated September 30, 2021 $ 3,754.7 $ 1,185.3 $ 112.0 $ 4,828.0 December 31, 2020 $ 3,269.7 $ 1,028.1 $ 243.0 $ 4,054.8
Fair Value, Assets Measured on Recurring Basis	The following tables show a summary of the fair value of financial assets segregated among the various input levels described above: Fair Value Measurements As of September 30, 2021: Level 1 Level 2 Level 3 Total Available for sale: Fixed maturity securities: U.S. & Canadian Governments $ 1,277.3 $ 728.6 $ — $ 2,006.0 Tax-exempt — 1,004.8 — 1,004.8 Corporate — 7,464.8 10.5 7,475.3 Short-term investments 1,102.1 — — 1,102.1 Equity securities $ 4,826.1 $ — $ 1.9 $ 4,828.0 As of December 31, 2020: Available for sale: Fixed maturity securities: U.S. & Canadian Governments $ 1,262.2 $ 801.0 $ — $ 2,063.2 Tax-exempt — 1,063.5 — 1,063.5 Corporate — 7,359.5 10.5 7,370.0 Short-term investments 749.6 — — 749.6 Equity securities $ 4,052.9 $ — $ 1.8 $ 4,054.8
Investment Income	The following table reflects the composition of net investment income, net realized gains or losses, and the net change in unrealized investment gains or losses for each of the periods shown. Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Investment income: Fixed maturity securities $ 67.3 $ 71.3 $ 209.7 $ 218.3 Equity securities 45.0 36.1 116.6 111.1 Short-term investments — .1 .1 2.3 Other sources .8 .3 1.6 2.7 Gross investment income 113.2 107.9 328.1 334.5 Investment expenses (a) 1.5 1.5 4.5 5.1 Net investment income $ 111.6 $ 106.4 $ 323.6 $ 329.3 Investment gains (losses): From actual transactions: Fixed maturity securities: Gains $ 1.0 $ 6.3 $ 2.6 $ 10.0 Losses (.1) (5.6) (.7) (17.9) Net .8 .6 1.9 (7.8) Equity securities: Gains 31.2 .7 68.0 21.7 Losses (25.5) — (54.3) (1.2) Net 5.7 .7 13.6 20.5 Total from actual transactions 6.6 1.4 15.6 12.7 From unrealized changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Current and deferred income taxes (credits) (40.9) 16.9 64.0 (108.7) Net of tax realized and unrealized investment gains (losses) $ (151.6) $ 63.7 $ 239.6 $ (408.0) Changes in unrealized investment gains (losses) reflected directly in shareholders' equity: Fixed maturity securities $ (68.3) $ 31.5 $ (249.2) $ 325.9 Less: Deferred income taxes (credits) (14.4) 6.6 (52.6) 68.7 (53.9) 24.8 (196.6) 257.1 Other investments (.4) .1 (1.6) 3.4 Less: Deferred income taxes (credits) (.1) — (.3) .7 (.3) — (1.3) 2.7 Net changes in unrealized investment gains (losses), net of tax $ (54.3) $ 24.9 $ (197.9) $ 259.8 __________ (a) Investment expenses largely consist of personnel costs and investment management and custody service fees.

Losses, Claims and Settlement_2

Losses, Claims and Settlement Expenses (Tables)	9 Months Ended
	Sep. 30, 2021
Insurance [Abstract]
Schedule of Changes in Aggregate Reserves for Losses, Claims and Settlement Expenses	The following table shows an analysis of changes in aggregate reserves for the Company's losses, claims and settlement expenses for each of the periods shown. This space left intentionally blank Summary of changes in aggregate reserves for claims and related costs: Nine Months Ended September 30, 2021 2020 Gross reserves at beginning of period $ 10,671.0 $ 9,929.5 Less: reinsurance losses recoverable 3,650.5 3,249.7 Net reserves at beginning of period: General Insurance 6,328.0 6,021.3 Title Insurance 556.1 530.9 RFIG Run-off 127.6 118.9 Other 8.6 8.4 Sub-total 7,020.4 6,679.7 Incurred claims and claim adjustment expenses: Provisions for insured events of the current year: General Insurance 1,802.9 1,787.9 Title Insurance 118.0 80.8 RFIG Run-off 14.8 36.2 Other 9.0 8.3 Sub-total 1,944.8 1,913.4 Change in provision for insured events of prior years: General Insurance (77.0) (11.6) Title Insurance (22.6) (19.6) RFIG Run-off (11.4) (7.8) Other (3.3) (2.3) Sub-total (114.4) (41.4) Total incurred claims and claim adjustment expenses 1,830.4 1,871.9 Payments: Claims and claim adjustment expenses attributable to insured events of the current year: General Insurance 523.9 505.9 Title Insurance 17.7 1.9 RFIG Run-off .2 .6 Other 4.9 4.8 Sub-total 546.8 513.4 Claims and claim adjustment expenses attributable to insured events of prior years: General Insurance 971.4 968.3 Title Insurance 40.9 35.5 RFIG Run-off 12.3 23.9 Other 1.3 1.9 Sub-total 1,026.0 1,029.8 Total payments 1,572.8 1,543.2 Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable: General Insurance 6,558.5 6,323.4 Title Insurance 592.8 554.5 RFIG Run-off 118.5 122.7 Other 8.0 7.7 Sub-total 7,278.0 7,008.4 Reinsurance losses recoverable 4,155.7 3,548.6 Gross reserves at end of period $ 11,433.7 $ 10,557.1

Information About Segments of_2

Information About Segments of Business (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting	The contributions of Old Republic's insurance industry segments to consolidated totals are shown in the following table. This space left intentionally blank Segmented and Consolidated Results: Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 General Insurance: Net premiums earned $ 902.8 $ 861.9 $ 2,629.2 $ 2,532.8 Net investment income and other income 121.7 117.3 367.4 362.1 Total revenues excluding investment gains (losses) $ 1,024.6 $ 979.3 $ 2,996.7 $ 2,895.0 Segment pretax operating income (loss) (a) $ 145.8 $ 109.7 $ 410.0 $ 305.1 Income tax expense (credits) $ 29.0 $ 20.5 $ 79.9 $ 56.9 Title Insurance: Net premiums earned (c) $ 1,028.5 $ 746.5 $ 2,879.6 $ 1,976.3 Title, escrow and other fees (c) 113.6 110.5 339.1 278.2 Sub-total (c) 1,142.1 857.0 3,218.7 2,254.5 Net investment income and other income 11.2 10.5 33.3 32.1 Total revenues excluding investment gains (losses) (c) $ 1,153.3 $ 867.6 $ 3,252.0 $ 2,286.6 Segment pretax operating income (loss) (a) $ 135.7 $ 103.1 $ 378.3 $ 211.9 Income tax expense (credits) $ 29.8 $ 21.5 $ 80.8 $ 44.4 RFIG Run-off Business: Net premiums earned $ 7.7 $ 10.8 $ 25.4 $ 35.1 Net investment income and other income 2.6 3.4 8.7 11.8 Total revenues excluding investment gains (losses) $ 10.3 $ 14.3 $ 34.2 $ 46.9 Segment pretax operating income (loss) $ 8.4 $ 4.5 $ 20.9 $ 8.0 Income tax expense (credits) $ 1.6 $ .8 $ 4.0 $ 1.2 Consolidated Revenues: Total revenues of Company segments (c) $ 2,188.3 $ 1,861.3 $ 6,283.0 $ 5,228.6 Other sources (b) 50.1 36.4 122.0 112.6 Consolidated investment gains (losses): Realized from actual transactions 6.6 1.4 15.6 12.7 Unrealized from changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Consolidation elimination adjustments (33.6) (26.7) (87.7) (81.7) Consolidated revenues (c) $ 2,012.2 $ 1,951.7 $ 6,621.0 $ 4,742.8 Consolidated Pretax Income (Loss): Total segment pretax operating income (loss) of Company segments $ 290.0 $ 217.4 $ 809.3 $ 525.0 Other sources - net (b) 8.6 8.7 19.5 27.8 Consolidated investment gains (losses): Realized from actual transactions 6.6 1.4 15.6 12.7 Unrealized from changes in fair value of equity securities (199.3) 79.2 288.1 (529.4) Total realized and unrealized investment gains (losses) (192.6) 80.7 303.7 (516.7) Consolidated income (loss) before income taxes (credits) $ 106.0 $ 306.9 $ 1,132.6 $ 36.1 Quarters Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Consolidated Income Tax Expense (Credits): Total income tax expense (credits) of Company segments $ 60.5 $ 42.9 $ 164.8 $ 102.7 Other sources - net (b) (2.3) .9 (3.6) 3.2 Income tax expense (credits) on consolidated realized and unrealized investment gains (losses) (40.9) 16.9 64.0 (108.7) Consolidated income tax expense (credits) $ 17.2 $ 60.9 $ 225.2 $ (2.7) September 30, December 31, 2021 2020 Consolidated Assets: General Insurance $ 20,562.5 $ 19,226.1 Title Insurance 2,118.1 1,920.9 RFIG Run-off Business 524.7 582.9 Total assets of company segments 23,205.4 21,730.0 Other assets (b) 2,002.6 1,318.2 Consolidation elimination adjustments (218.2) (233.0) Consolidated assets $ 24,989.9 $ 22,815.2 (a) Segment pretax operating income (loss) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $15.9 and $47.7 compared to $15.4 and $47.6 for the quarters and nine months ended September 30, 2021 and 2020, respectively, and Title - $.4 and $1.4 compared to $.6 and $2.2 for the quarters and nine months ended September 30, 2021 and 2020, respectively. (b) Includes amounts for a small life and accident insurance business as well as those of the parent holding company and its internal corporate services subsidiaries. (c) Reclassification adjustments were made to certain Title segment revenues and expenses in the quarter and nine months ended September 30, 2020 to conform to the current presentation. See Note 1.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Consolidated debt of Old Republic and its subsidiaries is summarized below: September 30, 2021 December 31, 2020 Carrying Fair Carrying Fair 4.875% Senior Notes issued in 2014 and due 2024 $ 398.3 $ 444.5 $ 397.9 $ 457.7 3.875% Senior Notes issued in 2016 and due 2026 547.2 609.5 546.8 634.1 3.850% Senior Notes issued in 2021 and due 2051 642.6 709.3 — — Other miscellaneous debt — — 21.7 21.7 Total debt $ 1,588.2 $ 1,763.5 $ 966.4 $ 1,113.6
Fair Value, Debt Measured on Recurring Basis	The following table shows a summary of financial liabilities disclosed, but not carried at fair value, segregated among the various input levels described in Note 3 above: Carrying Fair Value Value Level 1 Level 2 Level 3 Financial Liabilities: Debt: September 30, 2021 $ 1,588.2 $ 1,763.5 $ — $ 1,763.5 $ — December 31, 2020 $ 966.4 $ 1,113.6 $ — $ 1,091.9 $ 21.7

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Change in Accounting Principle (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Jan. 01, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 4,653.3	$ 4,394.8
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss	21.5		$ 15.5
Reinsurance Recoverable, Allowance for Credit Loss	$ 16		14.5
Total credit loss allowance relating to financial assets			30.1
Accounting Standards Update 2016-13 | Revision of Prior Period, Accounting Standards Update, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings			$ 2.3

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Reclassification [Line Items]
Premiums Earned, Net	$ 1,941.7	$ 1,622.2	$ 5,542.5	$ 4,553.4
Title, escrow, and other fees	113.6	110.5	339.1	278.2
Underwriting Acquisition And Other Expenses	$ 1,270.8	997.1	$ 3,601.8	2,789.8
Revision of Prior Period, Adjustment
Reclassification [Line Items]
Premiums Earned, Net		126.2		327.6
Title, escrow, and other fees		58.3		140.7
Underwriting Acquisition And Other Expenses		$ 67.9		$ 186.8

Common Share Data (Details)

Common Share Data (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Numerator for basic earnings per share - income (loss) available to common stockholders		$ 88.7	$ 246	$ 907.3	$ 38.9
Numerator for diluted earnings per share - income (loss) available to common stockholders		$ 88.7	$ 246	$ 907.3	$ 38.9
Average shares outstanding: Basic (in shares)	[1]	301,577,493	297,729,418	301,247,397	298,526,123
Effect of dilutive securities - stock based compensation awards		1,961,865	261,404	1,661,091	489,403
Weighted Average Number of Shares Outstanding, Diluted, Total	[1]	303,539,358	297,990,822	302,908,488	299,015,526
Net income (loss) per share: Basic (in dollars per share)		$ 0.29	$ 0.83	$ 3.01	$ 0.13
Net income (loss) per share: Diluted (in dollars per share)		$ 0.29	$ 0.83	$ 3	$ 0.13
Stock based compensation awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive common stock equivalents excluded from earnings per share computations		0	8,063,111	292,500	5,858,669
[1]	(a) In calculating earnings per share, pertinent accounting rules require that common shares owned by the Company's Employee Savings and Stock Ownership Plan that are not yet allocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all common shares.

Investments Fixed Maturity Secu

Investments Fixed Maturity Securities by Type (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Fixed maturity securities (amortized cost)	$ 10,136.9	$ 9,897.6
Available for sale, Fixed maturity securities (estimated fair value)	10,486.3	10,496.8
Debt Securities, Available-for-sale, Allowance for Credit Loss	0	0
U.S. & Canadian Governments [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Fixed maturity securities (amortized cost)	1,952.5	1,967.1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	59.2	96.4
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	5.7	0.3
Available for sale, Fixed maturity securities (estimated fair value)	2,006	2,063.2
Tax-exempt [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Fixed maturity securities (amortized cost)	956.3	997.1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	48.5	66.3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	0
Available for sale, Fixed maturity securities (estimated fair value)	1,004.8	1,063.5
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax			$ 48.5
Corporate [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Fixed maturity securities (amortized cost)	7,228	6,933.3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	294.1	440.1
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	46.8	3.4
Available for sale, Fixed maturity securities (estimated fair value)	7,475.3	7,370
Fixed Maturity Securities [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Fixed maturity securities (amortized cost)	10,136.9	9,897.6
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	401.9	602.9
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	52.5	3.8
Available for sale, Fixed maturity securities (estimated fair value)	$ 10,486.3	$ 10,496.8

Investments Fair Value (Details

Investments Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	$ 4,828	$ 4,054.8
Available for sale, Fixed maturity securities	10,486.3	10,496.8
Short-term investments	1,102.1	749.6
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	1,102.1	749.6
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	0	0
U.S. & Canadian Governments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	2,006	2,063.2
U.S. & Canadian Governments [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	1,277.3	1,262.2
U.S. & Canadian Governments [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	728.6	801
U.S. & Canadian Governments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	0	0
Tax-exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	1,004.8	1,063.5
Tax-exempt [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	0	0
Tax-exempt [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	1,004.8	1,063.5
Tax-exempt [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	0	0
Corporate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	7,475.3	7,370
Corporate [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	0	0
Corporate [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	7,464.8	7,359.5
Corporate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale, Fixed maturity securities	10.5	10.5
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	4,828	4,054.8
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	4,826.1	4,052.9
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0	0
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	$ 1.9	$ 1.8

Investments Net Investment Inco

Investments Net Investment Income (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Gain (Loss) on Securities [Line Items]
Gross investment income		$ 113.2	$ 107.9	$ 328.1	$ 334.5
Investment expenses	[1]	1.5	1.5	4.5	5.1
Net investment income		111.6	106.4	323.6	329.3
Net realized gains (losses)		(151.6)	63.7	239.6	(408)
Equity Securities, FV-NI, Unrealized Gain (Loss)		(199.3)	79.2	288.1	(529.4)
Total realized and unrealized investment gains (losses)		(192.6)	80.7	303.7	(516.7)
Current and deferred income taxes (credits)		(40.9)	16.9	64	(108.7)
Changes in unrealized investment gains (losses) on, fixed maturity securities		(68.8)	31.6	(250.9)	329.3
Less: Deferred income taxes (credits)		(14.5)	6.6	(52.9)	69.5
Unrealized Gain (Loss) on Investments		(54.3)	24.9	(197.9)	259.8
Debt Securities, Available-for-sale, Realized Gain		1	6.3	2.6	10
Debt Securities, Available-for-sale, Realized Loss		0.1	5.6	0.7	17.9
Debt Securities, Available-for-sale, Realized Gain (Loss)		0.8	0.6	1.9	(7.8)
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment		6.6	1.4	15.6	12.7
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Equity securities, gross realized gains		31.2	0.7	68	21.7
Equity securities, gross realized losses		(25.5)	0	(54.3)	(1.2)
Equity securities, net realized gains (losses)		5.7	0.7	13.6	20.5
Fixed Maturity Securities [Member]
Gain (Loss) on Securities [Line Items]
Changes in unrealized investment gains (losses) on, fixed maturity securities		(68.3)	31.5	(249.2)	325.9
Less: Deferred income taxes (credits)		(14.4)	6.6	(52.6)	68.7
Net changes in unrealized investment gains (losses)		(53.9)	24.8	(196.6)	257.1
Equity securities & other long-term investments [Member]
Gain (Loss) on Securities [Line Items]
Changes in unrealized investment gains (losses) on, fixed maturity securities		(0.4)	0.1	(1.6)	3.4
Less: Deferred income taxes (credits)		(0.1)	0	(0.3)	0.7
Net changes in unrealized investment gains (losses)		(0.3)	0	(1.3)	2.7
Fixed Maturity Securities [Member]
Gain (Loss) on Securities [Line Items]
Gross investment income		67.3	71.3	209.7	218.3
Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Gross investment income		45	36.1	116.6	111.1
Short-term Investments [Member]
Gain (Loss) on Securities [Line Items]
Gross investment income		0	0.1	0.1	2.3
Investments [Member]
Gain (Loss) on Securities [Line Items]
Gross investment income		$ 0.8	$ 0.3	$ 1.6	$ 2.7
[1]	(a)    Investment expenses largely consist of personnel costs and investment management and custody service fees.

Investments Textuals (Details)

Investments Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Net unrealized gains (losses) on securities, net of tax	$ (54.3)	$ 24.9	$ (197.9)	$ 259.8
Equity Securities, FV-NI, Unrealized Gain (Loss)	(199.3)	79.2	288.1	(529.4)
Net Unrealized Gains Losses Recognized from Changes in Fair Value of Equity Securities Held	(178.3)	78.9	245.9	(520.6)
Changes in unrealized investment gains (losses) on, fixed maturity securities	(68.8)	$ 31.6	(250.9)	$ 329.3
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ 0		$ 0		$ 0

Investments Fixed Maturity Se_2

Investments Fixed Maturity Securities Stratified by Contractual Maturity (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Investments [Abstract]
Available for sale, Due in one year or less (amortized cost)	$ 1,142.3
Available for sale, Due after one year through five years (amortized cost)	5,048.3
Available for sale, Due after five years through ten years (amortized cost)	3,857.2
Available for sale, Due after ten years (amortized cost)	89
Available for sale, Fixed maturity securities (amortized cost)	10,136.9	$ 9,897.6
Available for sale, Due in one year or less (estimated fair value)	1,154.3
Available for sale, Due after one year through five years (estimated fair value)	5,301.6
Available for sale, Due after five years through ten years (estimated fair value)	3,941.5
Available for sale, Due after ten years (estimated fair value)	88.7
Available for sale, Fixed maturity securities (estimated fair value)	$ 10,486.3	$ 10,496.8

Investments Gross Unrealized Lo

Investments Gross Unrealized Losses and Fair Value (Details) $ in Millions	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Unrealized Losses, Less than 12 Months	$ 52.5	$ 3.8
Available for sale, Unrealized Losses, 12 Months or Greater	0	0
Available for sale, Unrealized Losses, Total	52.5	3.8
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	2,279.4	750
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	$ 2,279.4	$ 750
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	355	77
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	2	3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	353	74
U.S. & Canadian Governments [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Unrealized Losses, Less than 12 Months	$ 5.7	$ 0.3
Available for sale, Unrealized Losses, 12 Months or Greater	0	0
Available for sale, Unrealized Losses, Total	5.7	0.3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	482.9	416.4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	482.9	416.4
Corporate [Member]
Schedule of Available-for-sale and Held-to-maturity Securities [Table] [Line Items]
Available for sale, Unrealized Losses, Less than 12 Months	46.8	3.4
Available for sale, Unrealized Losses, 12 Months or Greater	0	0
Available for sale, Unrealized Losses, Total	46.8	3.4
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	1,796.4	333.6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0	0
Debt Securities, Available-for-sale, Unrealized Loss Position	$ 1,796.4	$ 333.6

Investments Equity Securities (

Investments Equity Securities (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Equity securities - cost	$ 3,754.7	$ 3,269.7
Equity Securities, FV-NI	4,828	4,054.8
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Equity securities, gross unrealized gains	1,185.3	1,028.1
Equity securities, gross unrealized losses	112	243
Equity securities - cost	$ 3,754.7	$ 3,269.7

Losses, Claims and Settlement_3

Losses, Claims and Settlement Expenses (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Reinsurance Recoverable for Unpaid Claims and Claims Adjustments			$ 3,650.5	$ 3,249.7
Liability for Unpaid Claims and Claims Adjustment Expense
Gross reserves at beginning of period	$ 10,671	$ 9,929.5
Less: reinsurance losses recoverable	4,155.7	3,548.6
Net reserves at beginning of period			7,020.4	6,679.7
Provisions for insured events of the current year	1,944.8	1,913.4
Change in provision for insured events of prior years	(114.4)	(41.4)
Total incurred claims and claim adjustment expenses	1,830.4	1,871.9
Claims and claim adjustment expenses attributable to insured events of the current year	546.8	513.4
Claims and claim adjustment expenses attributable to insured events of prior years	1,026	1,029.8
Total payments	1,572.8	1,543.2
Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable	7,278	7,008.4
Gross reserves at end of period	11,433.7	10,557.1
General Insurance
Liability for Unpaid Claims and Claims Adjustment Expense
Net reserves at beginning of period			6,328	6,021.3
Provisions for insured events of the current year	1,802.9	1,787.9
Change in provision for insured events of prior years	(77)	(11.6)
Claims and claim adjustment expenses attributable to insured events of the current year	523.9	505.9
Claims and claim adjustment expenses attributable to insured events of prior years	971.4	968.3
Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable	6,558.5	6,323.4
Title Insurance
Liability for Unpaid Claims and Claims Adjustment Expense
Net reserves at beginning of period			556.1	530.9
Provisions for insured events of the current year	118	80.8
Change in provision for insured events of prior years	(22.6)	(19.6)
Claims and claim adjustment expenses attributable to insured events of the current year	17.7	1.9
Claims and claim adjustment expenses attributable to insured events of prior years	40.9	35.5
Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable	592.8	554.5
RFIG Run-off
Liability for Unpaid Claims and Claims Adjustment Expense
Net reserves at beginning of period			127.6	118.9
Provisions for insured events of the current year	14.8	36.2
Change in provision for insured events of prior years	(11.4)	(7.8)
Claims and claim adjustment expenses attributable to insured events of the current year	0.2	0.6
Claims and claim adjustment expenses attributable to insured events of prior years	12.3	23.9
Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable	118.5	122.7
Other
Liability for Unpaid Claims and Claims Adjustment Expense
Net reserves at beginning of period			$ 8.6	$ 8.4
Provisions for insured events of the current year	9	8.3
Change in provision for insured events of prior years	(3.3)	(2.3)
Claims and claim adjustment expenses attributable to insured events of the current year	4.9	4.8
Claims and claim adjustment expenses attributable to insured events of prior years	1.3	1.9
Amount of reserves for unpaid claims and claim adjustment expenses at the end of each period, net of reinsurance losses recoverable	$ 8	$ 7.7

Information About Segments of_3

Information About Segments of Business (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020		Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information
Premiums Earned, Net		$ 1,941.7	$ 1,622.2		$ 5,542.5	$ 4,553.4
Consolidated Revenues [Abstract]
Consolidated revenues		2,012.2	1,951.7	[1]	6,621	4,742.8	[1]
Title, escrow and other fees		113.6	110.5		339.1	278.2
Total premiums and fees		2,055.4	1,732.8		5,881.6	4,831.6
Total realized and unrealized investment gains (losses)		(192.6)	80.7		303.7	(516.7)
Total Operating Revenues		2,204.9	1,871		6,317.3	5,259.5
Consolidated Income (Loss) Before Taxes (Credits) [Abstract]
Total realized and unrealized investment gains (losses)		(192.6)	80.7		303.7	(516.7)
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)		17.2	60.9		225.2	(2.7)
Income tax expense (credits) on consolidated net realized investment gains (losses)		(40.9)	16.9		64	(108.7)
Realized from actual transactions and impairments		6.6	1.4		15.6	12.7
Equity Securities, FV-NI, Unrealized Gain (Loss)		(199.3)	79.2		288.1	(529.4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		106	306.9		1,132.6	36.1
Total Company Segments [Member]
Consolidated Revenues [Abstract]
Consolidated revenues		2,188.3	1,861.3	[1]	6,283	5,228.6	[1]
Consolidated Income (Loss) Before Taxes (Credits) [Abstract]
Income (loss) before income taxes (credits)		290	217.4		809.3	525
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)		60.5	42.9		164.8	102.7
Consolidation elimination adjustments [Member]
Consolidated Revenues [Abstract]
Consolidated revenues		(33.6)	(26.7)		(87.7)	(81.7)
General Insurance Group [Member]
Segment Reporting Information
Premiums Earned, Net		902.8	861.9		2,629.2	2,532.8
Income (loss) before income taxes (credits) and realized investment gains or losses	[2]	145.8	109.7		410	305.1
Consolidated Revenues [Abstract]
Net investment income and other income		121.7	117.3		367.4	362.1
Total Operating Revenues		1,024.6	979.3		2,996.7	2,895
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)		29	20.5		79.9	56.9
Interest charges on intercompany financing arrangements		15.9	15.4		47.7	47.6
Title Insurance
Segment Reporting Information
Premiums Earned, Net		1,028.5	746.5	[1]	2,879.6	1,976.3	[1]
Income (loss) before income taxes (credits) and realized investment gains or losses	[2]	135.7	103.1		378.3	211.9
Consolidated Revenues [Abstract]
Title, escrow and other fees		113.6	110.5	[1]	339.1	278.2	[1]
Total premiums and fees		1,142.1	857	[1]	3,218.7	2,254.5	[1]
Net investment income and other income		11.2	10.5		33.3	32.1
Total Operating Revenues		1,153.3	867.6	[1]	3,252	2,286.6	[1]
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)		29.8	21.5		80.8	44.4
Interest charges on intercompany financing arrangements		0.4	0.6		1.4	2.2
RFIG Run-off Business [Member]
Segment Reporting Information
Premiums Earned, Net		7.7	10.8		25.4	35.1
Income (loss) before income taxes (credits) and realized investment gains or losses		8.4	4.5		20.9	8
Consolidated Revenues [Abstract]
Net investment income and other income		2.6	3.4		8.7	11.8
Total Operating Revenues		10.3	14.3		34.2	46.9
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)		1.6	0.8		4	1.2
Other sources - net [Member]
Consolidated Revenues [Abstract]
Consolidated revenues	[3]	50.1	36.4		122	112.6
Consolidated Income (Loss) Before Taxes (Credits) [Abstract]
Income (loss) before income taxes (credits)	[3]	8.6	8.7		19.5	27.8
Consolidated Income Tax Expense (Credits) [Abstract]
Income tax expense (credits)	[3]	$ (2.3)	$ 0.9		$ (3.6)	$ 3.2
[1]	Reclassification adjustments were made to certain Title segment revenues and expenses in the quarter and nine months ended September 30, 2020 to conform to the current presentation. See Note 1.
[2]	Segment pretax operating income (loss) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $15.9 and $47.7 compared to $15.4 and $47.6 for the quarters and nine months ended September 30, 2021 and 2020, respectively, and Title - $.4 and $1.4 compared to $.6 and $2.2 for the quarters and nine months ended September 30, 2021 and 2020, respectively.
[3]	Includes amounts for a small life and accident insurance business as well as those of the parent holding company and its internal corporate services subsidiaries.

Information About Segments of_4

Information About Segments of Business Textuals (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information
Number of major segments | segment			3
Assets	$ 24,989.9		$ 24,989.9		$ 22,815.2
General Insurance Group [Member]
Segment Reporting Information
Interest charges on intercompany financing arrangements	15.9	$ 15.4	47.7	$ 47.6
Assets	20,562.5		20,562.5		19,226.1
Title Insurance
Segment Reporting Information
Interest charges on intercompany financing arrangements	0.4	$ 0.6	1.4	$ 2.2
Assets	2,118.1		2,118.1		1,920.9
RFIG Run-off Business [Member]
Segment Reporting Information
Assets	$ 524.7		$ 524.7		$ 582.9

Information About Segments of_5

Information About Segments of Business Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions		Sep. 30, 2021	Dec. 31, 2020
Segment Reporting, Asset Reconciling Item
Assets		$ 24,989.9	$ 22,815.2
Total Company Segments [Member]
Segment Reporting, Asset Reconciling Item
Assets		23,205.4	21,730
Intersegment Elimination [Member]
Segment Reporting, Asset Reconciling Item
Assets		(218.2)	(233)
General Insurance Group [Member]
Segment Reporting, Asset Reconciling Item
Assets		20,562.5	19,226.1
Title Insurance
Segment Reporting, Asset Reconciling Item
Assets		2,118.1	1,920.9
RFIG Run-off Business [Member]
Segment Reporting, Asset Reconciling Item
Assets		524.7	582.9
All Other Segments [Member]
Segment Reporting, Asset Reconciling Item
Assets	[1]	$ 2,002.6	$ 1,318.2
[1]	Includes amounts for a small life and accident insurance business as well as those of the parent holding company and its internal corporate services subsidiaries.

Debt (Details)

Debt (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Fair value	$ 1,763.5	$ 1,113.6
Debt and Lease Obligation	1,588.2	966.4
Senior Notes Due 2024
Debt Instrument [Line Items]
Fair value	444.5	457.7
Debt and Lease Obligation	$ 398.3	$ 397.9
Debt Instrument, Interest Rate, Stated Percentage	4.875%	4.875%
Senior Notes Due 2026 [Member]
Debt Instrument [Line Items]
Fair value	$ 609.5	$ 634.1
Debt and Lease Obligation	$ 547.2	$ 546.8
Debt Instrument, Interest Rate, Stated Percentage	3.875%	3.875%
Debt [Member]
Debt Instrument [Line Items]
Fair value	$ 0	$ 21.7
Debt and Lease Obligation	0	21.7
Senior Notes Due 2051
Debt Instrument [Line Items]
Debt	650
Fair value	709.3	0
Debt and Lease Obligation	$ 642.6	$ 0
Debt Instrument, Interest Rate, Stated Percentage	3.85%
Debt Instrument, Face Amount	$ 650
Debt and Lease Obligation [Abstract]
Debt Instrument, Maturity Date	Jun. 11, 2051

Debt Financial Liabilities Disc

Debt Financial Liabilities Disclosed, but not Carried, at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,588.2	$ 966.4
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	1,763.5	1,113.6
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	1,763.5	1,091.9
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	0	21.7
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,588.2	$ 966.4