Old Republic International

Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off Business. The General Insurance segment offers property and liability insurance to commercial clients. The Title Insurance segment includes issuance of policies to real estate purchasers and investors. The Republic Financial Indemnity Group Run-off Business segment consists of mortgage guaranty and consumer credit indemnity operations. The company was founded in 1923 and is headquartered in Chicago, IL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Old Republic International reports strong 2022 performance amidst Title Insurance challenges

Old Republic International (ORI) delivered a strong financial performance in 2022, driven by General Insurance growth and favorable reserve development.
While facing challenges in Title Insurance due to market conditions, the company is proactively addressing issues and focusing on strategic adjustments.
With a commitment to shareholder value and a focus on commercial opportunities and technology enhancements, Old Republic International (ORI) aims to navigate market challenges and drive future growth.

Old Republic reports solid Q1 earnings, navigates Title Insurance challenges

Old Republic International (ORI) delivered a strong performance in Q1 2023, with robust operating income and shareholder returns, despite challenges in Title Insurance.
The company's prudent financial management, new product offerings, and strategic focus position it well for continued growth and value creation.
Management's proactive approach to addressing challenges and capitalizing on opportunities underscores Old Republic's resilience and commitment to long-term success.

Old Republic International reports strong Q2 performance amidst sector challenges

Old Republic International demonstrated robust financial performance in Q2 2023, driven by General Insurance's strong underwriting results and favorable reserve development.
While facing challenges in Title Insurance due to economic headwinds, the company remains optimistic about profitable growth opportunities in General Insurance.
Capital management discussions highlighted a commitment to enhancing shareholder value through returns, signaling a proactive approach to financial stewardship.

Old Republic International reports strong Q3 performance amidst sector challenges

Old Republic International delivered a robust performance in Q3 2023, driven by General Insurance's strong underwriting results. While facing challenges in Title Insurance, the company's overall financial health remains solid. Opportunities exist for ORI to leverage its strengths, manage challenges effectively, and capitalize on growth prospects.

Old Republic International reports strong Q4 earnings and strategic investments

Old Republic International's Q4 2023 performance reflects a robust financial position, marked by strong operating income and favorable loss development. While facing challenges in certain segments, the company's strategic investments and commitment to shareholder value present opportunities for growth and efficiency improvements.
The upcoming closure of run-off mortgage insurance operations signals a shift towards optimizing core operations, while ongoing technology investments in Title Insurance demonstrate a forward-looking approach to enhancing competitiveness and operational effectiveness.

Old Republic International reports robust Q1 performance amidst market challenges

Old Republic International delivered a strong performance in Q1 2024, particularly in General Insurance, while facing challenges in Title Insurance.
The company's focus on shareholder returns, stable investment portfolio, and growth in premiums position it well for future opportunities.
ORI's strategic outlook remains positive for General Insurance growth, indicating a resilient business model and potential for continued success.

Old Republic International (ORI) reports robust Q2 performance and eyes growth opportunities

Old Republic International (ORI) delivered a strong financial performance in Q2 2024, driven by growth in pretax operating income and net operating income.
The company's focus on investment portfolio management, favorable loss reserve development, and operational effectiveness were key strengths.
Challenges from external factors and areas for improvement in expense ratios and underwriting were identified, alongside opportunities for growth and enhanced shareholder value.
Overall, management's optimism for the future, coupled with strategic initiatives and technological investments, positions ORI for continued success and competitiveness.

Old Republic International reports Q3 challenges and growth opportunities

Old Republic International (ORI) faced challenges in Q3 2024, with a decrease in pretax operating income compared to the previous year.
Despite challenges, the company demonstrated strengths in favorable loss reserve development and increased net written premiums in General Insurance.
Opportunities for growth exist in managing loss reserves, navigating market challenges, and optimizing investment strategies for enhanced profitability.
Overall, Old Republic International (ORI) remains resilient, focusing on addressing challenges and leveraging strengths to drive future performance.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other. The General Insurance segment provides property and liability insurance primarily to commercial clients. The Title Insurance segment is involved in the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. The RFIG Run-Off segment focuses on mortgage guaranty and consumer credit indemnity operations. The Corporate and Other segment includes a small life and accident insurance business. The company was founded in 1923 and is headquartered in Chicago, IL.

CHICAGO , March 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per common share. This dividend is payable on March 21, 2024 to shareholders of record on March 11, 2024.

OLD REPUBLIC DECLARES FIRST QUARTER REGULAR CASH DIVIDEND OF 26.5 CENTS PER SHARE

Old Republic International is a reliable dividend-paying stock with a long track record of dividend increases. The company reported steady earnings and net income growth, although there was a slight decline in EPS and net premiums. Old Republic is shareholder-friendly, occasionally paying special dividends and conducting share buybacks, and has outperformed the S&P over the long term.

Old Republic International: A Stock Every Income-Focused Investor Should Own

Old Republic International Corporation (ORI) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Old Republic (ORI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Old Republic (ORI) Q4 Earnings: A Look at Key Metrics

Old Republic International (ORI) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.80 per share a year ago.

Old Republic International (ORI) Misses Q4 Earnings and Revenue Estimates

CHICAGO , Jan. 25, 2024 /PRNewswire/ -- OVERALL RESULTS Quarters Ended December 31, Years Ended December 31, 2023 2022 % Change 2023 2022 % Change Pretax income $    237.4 $    649.0 $    747.4 $    857.4 Pretax investment gains (losses) 0.2 348.3 (190.9) (201.1) Pretax income excluding investment gains (losses) $    237.1 $    300.6 (21.1) % $    938.4 $ 1,058.6 (11.4) % Net income $    190.6 $    512.1 $    598.6 $    686.4 Net of tax investment gains (losses) 0.1 275.2 (150.8) (158.6) Net income excluding investment gains (losses) $    190.4 $    236.9 (19.6) % $    749.5 $    845.1 (11.3) % Combined ratio 93.3 % 89.6 % 92.6 % 91.0 % PER DILUTED SHARE Quarters Ended December 31, Years Ended December 31, 2023 2022 % Change 2023 2022 % Change Net income $      0.69 $      1.73 $      2.10 $      2.26 Net of tax investment gains (losses) — 0.93 (0.53) (0.53) Net income excluding investment gains (losses) $      0.69 $      0.80 (13.8) % $      2.63 $      2.79 (5.7) % SHAREHOLDERS' EQUITY (BOOK VALUE) Dec. 31, Dec. 31, 2023 2022 % Change Total $ 6,410.7 $ 6,173.2 3.8 % Per Common Share $    23.31 $    21.07 10.6 % ________ All amounts in this report are stated in millions except where noted, common stock data and percentages. Old Republic International Corporation (NYSE: ORI) today reported pretax income, excluding investment losses (pretax operating income), of $237.1 for the quarter and $938.4 for the full year 2023.

OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023

Evaluate the expected performance of Old Republic (ORI) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Seeking Clues to Old Republic (ORI) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Old Republic (ORI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Old Republic International (ORI) Q4 Earnings Expected to Decline

CHICAGO , Jan. 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2023 before the market opens on Thursday, January 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

OLD REPUBLIC INTERNATIONAL ANNOUNCES FOURTH QUARTER 2023 EARNINGS CALL

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Old Republic International (ORI) Stock?

Old Republic (ORI) stands to gain from higher premiums in commercial auto, financial indemnity and property coverages, and a solid balance sheet.

Why Old Republic (ORI) Shares Are Attracting Investors Now

Are Investors Undervaluing Old Republic International (ORI) Right Now?

Old Republic International has outperformed the S&P 500 by an impressive margin in recent years. The company has a solid business model, reliable earnings growth, and a high-quality investment portfolio. Old Republic International is attractively valued with a low forward price-to-earnings ratio and offers exceptional dividends.

Despite Its Vast Outperformance, Old Republic International Remains Attractively Valued

CNO Financial Group

Hartford Financial Services Group

MGIC Investment

Multiline insurers like MGIC Investment Corporation (MTG), CNO Financial (CNO), Old Republic International Corporation (ORI) and The Hartford Financial Services Group (HIG), which have an impressive dividend history, offer a breather amid volatility.

4 Dividend-Paying Multiline Insurers to Add to Your Portfolio

CHICAGO , Nov. 21, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on December 15, 2023 to shareholders of record on December 5, 2023.

OLD REPUBLIC DECLARES FOURTH QUARTER REGULAR CASH DIVIDEND OF 24.5 CENTS PER SHARE

CHICAGO , Nov. 13, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that it has entered into a definitive agreement to sell its mortgage insurance business to Arch Capital Group Ltd. In this transaction, Arch U.S. MI Holdings Inc. will acquire all of the capital stock of Old Republic's wholly-owned subsidiary, RMIC Companies, Inc., and its wholly-owned subsidiaries that together comprise Old Republic's run-off mortgage insurance business.

OLD REPUBLIC ANNOUNCES SALE OF RUN-OFF MORTGAGE BUSINESS

Does Old Republic International (ORI) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Old Republic International (ORI) a Strong Momentum Stock: Buy Now?

Old Republic International Corporation (NYSE:ORI ) Q3 2023 Earnings Conference Call October 26, 2023 3:00 PM ET Company Participants Joe Calabrese - Investor Relations Craig Smiddy - President & Chief Executive Officer Frank Sodaro - Chief Financial Officer Carolyn Monroe - President & Chief Executive Officer, Old Republic National Title Holding Company Conference Call Participants Greg Peters - Raymond James Paul Newsome - Piper Sandler Evan Tindell - Bireme Capital Operator Good afternoon. My name is Audra and I will be your conference operator today.

Old Republic International Corporation (ORI) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Old Republic (ORI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Old Republic (ORI) Q3 Earnings: A Look at Key Metrics

Old Republic International (ORI) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.68 per share a year ago.

Old Republic International (ORI) Q3 Earnings and Revenues Beat Estimates

CHICAGO , Oct. 26, 2023 /PRNewswire/ -- OVERALL RESULTS Quarters Ended September 30, Nine Months Ended September 30, 2023 2022 % Change 2023 2022 % Change Pretax income (loss) $     63.9 $ (119.6) $   510.0 $   208.3 Pretax investment losses (186.9) (377.1) (191.1) (549.5) Pretax income (loss) excluding investment losses $   250.8 $   257.5 (2.6) % $   701.2 $   757.9 (7.5) % Net income (loss) $     52.6 $   (91.7) $   408.0 $   174.3 Net of tax investment losses (147.6) (297.9) (151.0) (433.8) Net income (loss) excluding investment losses $   200.2 $   206.1 (2.9) % $   559.0 $   608.1 (8.1) % Combined ratio 91.9 % 91.4 % 92.4 % 91.4 % PER DILUTED SHARE Quarters Ended September 30, Nine Months Ended September 30, 2023 2022 % Change 2023 2022 % Change Net income (loss) $     0.19 $   (0.31) $     1.42 $     0.57 Net of tax investment losses (0.53) (0.99) (0.53) (1.42) Net income (loss) excluding investment losses $     0.72 $     0.68 5.9 % $     1.95 $     1.99 (2.0) % SHAREHOLDERS' EQUITY (BOOK VALUE) Sep. 30, Dec. 31, 2023 2022 % Change Total $  5,915.6 $  6,173.2 (4.2) % Per Common Share $   21.37 $   21.07 1.4 % ________ All amounts in this report are stated in millions except where noted, common stock data and percentages. Old Republic International Corporation (NYSE: ORI) today reported pretax income, excluding investment losses, of $250.8 for the quarter and $701.2 for the first nine months of 2023.

OLD REPUBLIC REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS 2023

AbbVie

Amgen

Franklin Resources

Chevron

Helmerich & Payne

Walgreens

The best retirement stocks ideally have attractive dividends that can be sustained. This can lead to steady income and long-term value for retirees.

Best Retirement Stocks to Buy Now

CHICAGO , Oct. 12, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2023 before the market opens on Thursday, October 26, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

OLD REPUBLIC INTERNATIONAL ANNOUNCES THIRD QUARTER 2023 EARNINGS CALL

Solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and a strong capital position poise Old Republic (ORI) well for growth.

Old Republic (ORI) Stock Rises 10% YTD: More Upside Left?

Old Republic International Corporation has a 42-year history of raising dividends and 82 years of consecutive payments. The company has returned $492 million to its shareholders in the 1H of '23 between dividends & buybacks. The insurance segment has outperformed the overall market in the last 1, 3, and 5-year periods.

News for Old Republic International Stock (ORI)