The Company is an insurance holding company engaged in the single business of insurance underwriting. It conducts its business through regulated insurance company subsidiaries organized into three segments- General, Mortgage Guaranty, and Title insurance.
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ORI has large stakes in PMI and MGIC - 'nuff said near term.
MGIC is trading at 31% of its Net Tangible Asset Value, and PMI is trading at 11% of its NTAV. These companies can lose a lot more money before ORI loses money on its investments in them.