ORTIGOld Republic Title Insurance Group (Minneapolis, MN)
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ORTIG is committed to being the most financially stable title insurance group in the industry.
Conservative reserving methodologies gave ORTIG a GAAP loss reserve to five-year average paid loss ratio of 10.
Conversely, Standard & Poor's recognizes that such dividend disbursements by ORTIG have been either reduced or nonexistent in stressed reporting cycles.
Good market position: Although ORTIG is ranked sixth of the six major title underwriters in the U.
Reserve adequacy: ORTIG has historically outperformed its peer market reserve adequacy, as measured by the GAAP loss reserve to five-year average paid loss ratio.
The deterioration in Old Republic's financial position resulted in an elimination of lift to ORTIG and a reduction of lift to ORGENCO.
ORTIG should have good earnings--albeit lower than the record results of 2003--as the volume of refinance title premiums declines.
for this reason, the ratings on ORTIG are only one notch below
ORTIG is a unit of Old Republic International Corp.