Old Republic International Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company’s net premiums and fees earned was $1,408.1 million compared to $1,339.2 million a year ago. Operating Revenue was $1,533.9 million compared to $1,465.9 million a year ago. Pretax operating income was $176.0 million compared to $127.1 million a year ago. Net operating income was $122.3 million compared to $81.3 million a year ago. Net realized investment gains were $9.5 million compared to $9.2 million a year ago. Net income was $131.9 million compared to $90.6 million a year ago. For the full year, the company’s net premiums and fees earned was $5,333.2 million compared to $5,179.4 million a year ago. Operating Revenue was $5,827.6 million compared to $5,674.8 million a year ago. Pretax operating income was $613.1 million compared to $540.4 million a year ago. Net operating income was $419.6 million compared to $362.7 million a year ago. Net realized investment gains were $47.3 million compared to $59.3 million a year ago. Net income was $466.9 million compared to $422.1 million a year ago. Consolidated operating cash flow was additive to investable funds and operating needs in the amount of $637.3 and $688.2 for the years ended December 31, 2016 and 2015, respectively. Excluding inherently negative operating cash flows in the MI and CCI run-off business, these amounts would be $739.8 and $812.8, respectively. Book value per share was $17.20 compared to $15.02 a year ago.