ORI - Old Republic Q2 earnings top estimates on premium and fee growth

juststock/iStock via Getty ImagesShares of Old Republic International ([[ORI]] -1.2%) are trading lower despite posting solid Q2 earnings including strong growth in the General and Title insurance businesses' profitability.Old Republic's Q2 earnings per share, excluding investment gains/losses, of $0.73 increases from $0.42 in Q2 2020, beats average analyst estimate of $0.52.Net investment income of $107.6M fell 1.0% from $108.7M a year ago.Q2 total operating revenue of $2.13B jumps from $1.68B in the same period last year, beating consensus of $1.71B.Net premiums and fees earned in Q2 increased to $1.98B from $1.54B in Q2 of last year.General Insurance combined ratio, which measures an insurers' profitability, improves to 94.0% in Q2 from 98.4% in Q2 2020; driven by strong premium rate increases for most lines of coverage, and new business production.Thanks to low interest rates and a robust real estate market, title insurance combined ratio also improves to 88.4% in Q2, compared with

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Old Republic Q2 earnings top estimates on premium and fee growth