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.

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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.

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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.

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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.

Old Republic International: No Flash Just Cash

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

Old Republic International (ORI) Is Up 1.29% in One Week: What You Should Know

CHICAGO , Sept. 18, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced that it is forming a new underwriting subsidiary to provide Accident & Health insurance products.

OLD REPUBLIC ANNOUNCES FORMATION OF A NEW ACCIDENT & HEALTH COMPANY

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

Old Republic (ORI) Stock Rises 13.2% YTD: More Room to Grow?

CAESAREA, Israel , Sept. 5, 2023 /PRNewswire/ -- Max Stock Ltd.

Max Stock announces an amendment to the agenda item for the EGM in September 2023 - Amendment of the monthly management fee payable to Mr. Ori Max - Company CEO, director and controlling shareholder

Old Republic International has experienced significant outperformance but is unlikely to maintain this level in the long term. ORI is a conservative and well-run insurance company with strong fundamentals and a well-covered dividend. However, the company is currently overvalued and does not offer enough upside potential, making it a "HOLD" rather than a "BUY."

Old Republic International: Outperformance Means That Company Is A 'Hold' (Rating Downgrade)

CHICAGO , Aug. 25, 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 September 15, 2023 to shareholders of record on September 5, 2023.

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

CHICAGO , Aug. 22, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today will recognize its 100 year anniversary with the ringing of the opening bell at the New York Stock Exchange. With employees from across the company's diverse operating units, as well as directors and invited guests, this occasion continues a year-long celebration under the banner 100 Years of Excellence.

OLD REPUBLIC MARKS 100 YEARS OF EXCELLENCE AT NYSE

CAESAREA, Israel , Aug. 15, 2023 /PRNewswire/ -- Max Stock Ltd. (TASE: MAXO) (the "Company") announces the convention of an extraordinary general meeting to be held on September 19, 2023, with one agenda item, as follows: (1)  Amendment of the management services agreement with a company controlled by Mr.

Max Stock announces an EGM for September 2023 - Amendment of the management services agreement with Mr. Ori Max - Company CEO, director and controlling shareholder

Old Republic International Corporation (NYSE:ORI ) Q2 2023 Earnings Conference Call July 27, 2023 3:00 PM ET Company Participants Joe Calabrese - IR Craig Smiddy - President and CEO Frank Sodaro - CFO Carolyn Monroe - President and CEO of Title Holding Company Conference Call Participants Greg Peters - Raymond James Paul Newsome - Piper Sandler Matt Carletti - JMP John Heagney - Dowling & Partners Ryan Winrick - Guggenheim Operator Hello. My name is Chris and I'll be your conference operator today.

Old Republic International Corporation (ORI) Q2 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 June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Old Republic (ORI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Old Republic International (ORI) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.69 per share a year ago.

Old Republic International (ORI) Q2 Earnings Beat Estimates

CHICAGO , July 27, 2023 /PRNewswire/ --  OVERALL RESULTS Quarters Ended June 30, Six Months Ended June 30, 2023 2022 % Change 2023 2022 % Change Pretax income (loss) $   196.9 $ (54.6) $   446.1 $   328.0 Pretax investment losses (30.4) (317.4) (4.2) (172.3) Pretax income (loss) excluding investment losses $   227.3 $ 262.8 (13.5) % $   450.3 $   500.4 (10.0) % Net income (loss) $   155.5 $ (40.1) $   355.4 $   266.1 Net of tax investment losses (24.0) (250.4) (3.3) (135.9) Net income (loss) excluding investment losses $   179.6 $ 210.2 (14.6) % $   358.8 $   402.0 (10.8) % Combined ratio 92.6 % 90.9 % 92.6 % 91.4 % PER DILUTED SHARE Quarters Ended June 30, Six Months Ended June 30, 2023 2022 % Change 2023 2022 % Change Net income (loss) $     0.54 $ (0.13) $     1.22 $     0.87 Net of tax investment losses (0.08) (0.82) (0.01) (0.45) Net income (loss) excluding investment losses $     0.62 $   0.69 (10.1) % $     1.23 $     1.32 (6.8) % SHAREHOLDERS' EQUITY (BOOK VALUE) June 30, Dec. 31, 2023 2022 % Change Total $  6,119.8 $  6,173.2 (0.9) % Per Common Share $     21.78 $     21.07 3.4 % ________ 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 gains (losses), of $227.3 for the quarter and $450.3 for the first six months of 2023.

OLD REPUBLIC REPORTS RESULTS FOR THE SECOND QUARTER AND FIRST HALF 2023

CHICAGO , July 13, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the second quarter of 2023 before the market opens on Thursday, July 27, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

OLD REPUBLIC INTERNATIONAL ANNOUNCES SECOND QUARTER 2023 CONFERENCE CALL

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The Taxable Account generated $2,111.31 of dividend income for June 2023 compared with $1,825.40 of dividend income for June 2022. The Taxable Account had a balance of $533.9K as of June 30, 2023, vs. $493.5K on June 30, 2022. The annualized cost basis yield is 5.44%. Five companies in the Taxable portfolio paid increased dividends or paid a special dividend during the month of June.

The Retirees' Dividend Portfolio: John And Jane's June 2023 Taxable Account Update

Old Republic International Corporation is a strong dividend aristocrat with a near 4% yield, supported by robust cash flows generated through insurance and underwriting services. The company has a strong balance sheet, with $12 billion in cash and fixed-income securities, and a low debt of $1.5 billion, allowing for consistent dividend increases even through economic downturns. Despite some concerns about inconsistent revenue, ORI stock remains a solid investment opportunity due to its strong dividend history, share repurchase plans, and potential for growth in the global insurance market.

Old Republic International: Strong Addition To A Dividend Portfolio

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

Old Republic (ORI) Gains 16% in a Year: More Upside Left?

CHICAGO , June 15, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced new appointments to Old Republic International Corporation's (ORI) Office of the CEO (OCEO), Old Republic General Insurance Group's (ORGIG) OCEO, and Old Republic National Title Holding Company's (ORNTHC) Board of Directors, all effective July 1, 2023. Carolyn Monroe, President & CEO of ORNTHC, and Jeff Lange, Sr. Vice President & Chief Operating Officer of ORGIG, have been appointed to ORI's senior policy-making OCEO.

OLD REPUBLIC ANNOUNCES SEVERAL NEW LEADERSHIP APPOINTMENTS

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Multiline insurers like Assurant Inc. (AIZ), Radian Group Inc. (RDN), Old Republic International Corporation (ORI), MetLife Inc. (MET) and Prudential Financial Inc. (PRU), which have an impressive dividend history, offer a breather amid volatility.

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ORI has outperformed the S&P 500 by an impressive margin (total return of +42% vs. +10%) since I recommended purchasing the stock, about two years ago. Nevertheless, ORI remains cheaply valued. Despite facing challenges in its Title Insurance segment, the company has a strong performance record and is expected to recover when interest rates normalize.

Old Republic International Remains Attractive, In Spite Of Trading Near Its All-Time High

CHICAGO , May 30, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — PMA Companies, Inc (PMA), a member of the Old Republic General Insurance Group, today announced the appointment of Sashi Aiyathurai as Executive Vice President and Chief Underwriting Officer.  Ms. Aiyathurai will oversee all aspects of the Company's insurance underwriting and corporate distribution functions and will be a key member of the Office of the CEO, reporting to Derek Hopper, PMA's CEO.

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