Conservative reserving philosophy
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Old Republic International Corporation Q1 2026 Earnings Call Summary
Yahoo Finance· 2026-04-24 08:17AI 处理中...
The company continues to utilize a conservative reserving philosophy, which resulted in favorable prior year development across both major segments, albeit at lower levels than the prior year.Workers' Compensation remains a stable contributor, with rate decreases of approximately 2% remaining in line with favorable frequency trends and consistent severity.Management attributed the decline in Specialty renewal retention to their refusal to follow competitors who are 'looking in the rearview mirror' regarding ...