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ORIOld Republic International Corporation
$38.69$9.4B
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ORI logoOld Republic International Corporation(ORI)Earnings, Financials & Key Ratios

ORI•NYSE•Insurance & Managed Care
10.4× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryDiversified InsuranceSub-IndustryHousing and title insurers
AboutOld Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, commercial property, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, guaranteed asset protection, and surety. This segment provides its insurance products to businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. The Title Insurance segment offers lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. This segment also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and various other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment offers private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. The company was founded in 1923 and is based in Chicago, Illinois.Show more
  • Revenue$9.09B+10.4%
  • Combined Ratio86.98%
  • Net Income$936M+9.8%
  • Return on Equity16.21%+14.4%
  • Medical Cost Ratio49.65%+35.1%
  • Operating Margin13.02%+0.2%
  • Net Margin10.3%-0.6%
  • ROA3.24%+3.3%
  • Equity / Assets19.81%-1.8%

ORI Key Insights

Old Republic International Corporation (ORI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 87.0% combined ratio
  • ✓12 consecutive years of dividend growth
  • ✓Low loss ratio of 49.7%
  • ✓Share count reduced 5.1% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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ORI Price & Volume

Old Republic International Corporation (ORI) stock price & volume — 10-year historical chart

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ORI Growth Metrics

Old Republic International Corporation (ORI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.65%
5 Years4.87%
3 Years3.98%
TTM10.41%

Profit CAGR

10 Years8.29%
5 Years10.88%
3 Years10.9%
TTM9.81%

EPS CAGR

10 Years9.68%
5 Years14.81%
3 Years18.18%
TTM15.12%

Return on Capital

10 Years5.07%
5 Years4.48%
3 Years3.64%
Last Year4.1%

ORI Recent Earnings

Old Republic International Corporation (ORI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$0.68-13.9%
$0.79
Rev
$2.4B+5.7%
$2.3B
Q1 2026
Jan 22, 2026
Metric
Actual
Est
EPS
$0.74-16.9%
$0.89
Rev
$2.4B+3.3%
$2.3B
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$1.11+45.9%
$0.76
Rev
$2.4B+6.5%
$2.3B
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$0.83+5.1%
$0.79
Rev
$2.2B-3.5%
$2.3B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.68vs $0.79-13.9%
$2.4Bvs $2.3B+5.7%
Q1 2026Jan 22, 2026
$0.74vs $0.89-16.9%
$2.4Bvs $2.3B+3.3%
Q4 2025Oct 23, 2025
$1.11vs $0.76+45.9%
$2.4Bvs $2.3B+6.5%
Q3 2025Jul 24, 2025
$0.83vs $0.79+5.1%
$2.2Bvs $2.3B-3.5%
Based on last 12 quarters of dataView full earnings history →

ORI Peer Comparison

Old Republic International Corporation (ORI) competitors in Housing and title insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HIG logoHIGThe Hartford Financial Services Group, Inc.Direct Competitor35.27B128.259.637.1%14.13%22.01%0.23
CNA logoCNACNA Financial CorporationDirect Competitor12.04B44.529.495.1%8.95%11.94%0.26
WRB logoWRBW. R. Berkley CorporationDirect Competitor25.16B67.1815.107.82%12.1%18.86%0.29
MKL logoMKLMarkel CorporationDirect Competitor23.11B1847.1610.92-0.96%10.7%9.56%0.23
HCI logoHCIHCI Group, Inc.Direct Competitor2.13B163.636.5820.21%32.64%30.81%0.06
ERIE logoERIEErie Indemnity CompanyDirect Competitor10.21B221.1420.827.17%13.2%25.03%
FAF logoFAFFirst American Financial CorporationProduct Competitor7.02B68.6311.4421.64%11.19%12.54%0.35
FNF logoFNFFidelity National Financial, Inc.Product Competitor12.6B46.8221.198.61%5.15%8.5%0.53

Compare ORI vs Peers

Old Republic International Corporation (ORI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HIG

Most directly comparable listed peer for ORI.

Scale Benchmark

vs CB

Larger-name benchmark to compare ORI against a more recognizable public peer.

Peer Set

Compare Top 5

vs HIG, CNA, WRB, MKL

ORI Income Statement

Old Republic International Corporation (ORI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue
6.26B6.26B7.46B7.17B9.34B8.08B7.26B8.23B9.09B
Revenue Growth %
6.15%-0.07%19.2%-3.95%30.36%-13.47%-10.21%13.41%10.41%
Medical Costs & Claims
5.45B5.52B5.82B2.47B2.4B2.43B2.58B3.02B4.51B
Medical Cost Ratio %
87.1%88.22%78.06%34.51%25.67%30.03%35.55%36.74%49.65%
Gross Profit
808M▲ 0%
737.1M▼ 8.8%
1.64B▲ 122.0%
4.69B▲ 186.8%
6.94B▲ 47.9%
5.66B▼ 18.5%
4.68B▼ 17.3%
5.21B▲ 11.3%
4.58B▼ 12.1%
Gross Margin %
12.9%11.78%21.94%65.49%74.33%69.97%64.45%63.26%50.35%
Gross Profit Growth %
7.13%-8.77%122.02%186.78%47.94%-18.54%-17.29%11.3%-12.12%
Operating Expenses
82.8M299.2M314.3M4B5.02B4.8B3.93B4.14B3.39B
OpEx / Revenue %
1.32%4.78%4.21%55.89%53.75%59.36%54.16%50.26%37.33%
Depreciation & Amortization
000000000
Combined Ratio %
88.42%93%82.28%90.4%79.43%89.4%89.7%87.01%86.98%
Operating Income
725.2M▲ 0%
437.9M▼ 39.6%
1.32B▲ 201.9%
688.1M▼ 48.0%
1.92B▲ 179.3%
857.1M▼ 55.4%
747.3M▼ 12.8%
1.07B▲ 43.1%
1.18B▲ 10.6%
Operating Margin %
11.58%7%17.72%9.6%20.57%10.6%10.3%12.99%13.02%
Operating Income Growth %
5.75%-39.62%201.94%-47.96%179.31%-55.4%-12.81%43.13%10.63%
EBITDA
788.4M480.3M1.36B732.1M1.98B924.1M817.9M1.15B1.24B
EBITDA Margin %
12.59%7.67%18.26%10.22%21.18%11.43%11.27%13.93%13.61%
Interest Expense
63M42.2M40M43.7M56.2M66.7M70.5M77.3M70.1M
Non-Operating Income
-63.2M-42.4M-40.2M-44M-56.4M-67M-70.6M-77.4M-53.2M
Pretax Income
725.4M▲ 0%
438.1M▼ 39.6%
1.32B▲ 201.8%
688.4M▼ 47.9%
1.92B▲ 179.2%
857.4M▼ 55.4%
747.4M▼ 12.8%
1.07B▲ 43.1%
1.18B▲ 10.7%
Pretax Margin %
11.58%7%17.73%9.61%20.58%10.61%10.3%13%13.03%
Income Tax
164.8M67.6M265.9M129.7M387.7M170.9M148.7M216.9M241.9M
Effective Tax Rate %
22.72%15.43%20.11%18.84%20.17%19.93%19.9%20.28%20.43%
Net Income
560.5M▲ 0%
370.5M▼ 33.9%
1.06B▲ 185.1%
558.6M▼ 47.1%
1.53B▲ 174.7%
686.4M▼ 55.3%
598.6M▼ 12.8%
852.7M▲ 42.4%
936.1M▲ 9.8%
Net Margin %
8.95%5.92%14.16%7.8%16.42%8.49%8.25%10.36%10.3%
Net Income Growth %
20.05%-33.9%185.13%-47.12%174.67%-55.26%-12.79%42.45%9.78%
EPS (Diluted)
1.92▲ 0%
1.23▼ 35.9%
3.51▲ 185.4%
1.87▼ 46.7%
5.05▲ 170.1%
2.26▼ 55.2%
2.10▼ 7.1%
3.24▲ 54.3%
3.73▲ 15.1%
EPS Growth %
18.52%-35.94%185.37%-46.72%170.05%-55.25%-7.08%54.29%15.12%
EPS (Basic)
2.141.263.521.875.082.282.123.303.84
Diluted Shares Outstanding
299.39M301.02M301.23M298.9M303.67M303.3M285.47M263.18M249.64M

ORI Balance Sheet

Old Republic International Corporation (ORI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets
19.4B19.33B21.08B22.82B24.98B25.16B26.5B27.84B29.92B
Asset Growth %
4.37%-0.39%9.05%8.25%9.5%0.71%5.33%5.06%7.48%
Total Investment Assets
3.27B3.38B14.36B15.33B16.58B15.86B15.87B16.08B16.84B
Long-Term Investments
3.27B3.38B14.33B15.3B16.54B3.22B15.83B16.04B13.87B
Short-Term Investments
009.28B11.25B11.24B12.61B13.17B2.84B2.97B
Total Current Assets
292.9M13.64B0018.12B20.22B003.05B
Cash & Equivalents
10.15B9.68B78.8M118.7M158.1M81M202.8M201.9M263.2M
Receivables
005.3B5.96B6.72B6.76B7.38B8.48B2.78B
Other Current Assets
00-14.66B-17.32B3.82B5.15B-21.55B-12.44B-2.97B
Goodwill & Intangibles
297.8M490.3M000356.2M00173.2M
Goodwill
0174M00174.5M178.1M00173.2M
Intangible Assets
297.8M316.3M00174.5M178.1M000
PP&E (Net)
2.71B-771M004.62B-677.8M000
Other Assets
-3.27B9.58B-14.33B-15.3B-16.54B12.61B-15.83B-16.04B-14.04B
Total Liabilities
14.67B14.18B15.08B16.63B18.09B18.99B20.09B22.22B16.51B
Total Debt
1.45B981.3M973.9M966.4M1.59B1.6B1.59B1.59B1.78B
Net Debt
-8.7B-8.7B895.1M847.7M-9.81B1.52B1.39B1.39B1.52B
Long-Term Debt
1.45B981.3M576.6M568.5M1.59B1.2B1.19B1.59B1.59B
Short-Term Debt
00397.3M397.9M1.59B399M399.5M052.3M
Total Current Liabilities
10.3B10.54B0000000
Accounts Payable
000000000
Deferred Revenue
000000004.04B
Other Current Liabilities
-554.2M-525.4M-948.2M-1.07B-2.16B-913.8M-932.4M-547.5M-4.09B
Deferred Taxes
1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Liabilities
13.22B13.2B-688.8M-705.8M-1.84B-1.24B-1.3B-1.72B14.24B
Total Equity
4.73B▲ 0%
5.15B▲ 8.7%
6B▲ 16.6%
6.19B▲ 3.1%
6.89B▲ 11.4%
6.17B▼ 10.5%
6.41B▲ 4.0%
5.62B▼ 12.3%
5.93B▲ 5.5%
Equity Growth %
5.85%8.72%16.59%3.11%11.42%-10.55%3.97%-12.35%5.51%
Shareholders Equity
4.73B5.15B6B6.19B6.89B6.17B6.41B5.62B5.91B
Minority Interest
0000000014.4M
Retained Earnings
3.21B3.85B4.39B4.39B5.21B5.32B5.64B5.52B5.52B
Common Stock
269.2M302.7M303.6M304.1M307.5M296.9M278.3M248.8M246.3M
Accumulated OCI
474.2M-210M77.7M284M78M-522.7M-132.4M-102.4M163.1M
Return on Equity (ROE)
12.18%7.5%18.96%9.17%23.46%10.51%9.52%14.18%16.21%
Return on Assets (ROA)
2.95%1.91%5.23%2.55%6.42%2.74%2.32%3.14%3.24%
Equity / Assets
24.39%26.63%28.47%27.12%27.59%24.51%24.19%20.18%19.81%
Debt / Equity
0.31x0.19x0.16x0.16x0.23x0.26x0.25x0.28x0.30x
Book Value per Share
15.8117.1019.9220.7022.7020.3322.4621.3523.75
Tangible BV per Share
14.8215.4719.9220.7021.5519.1622.4621.3523.05

ORI Cash Flow Statement

Old Republic International Corporation (ORI) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
452.8M760.5M936.2M1.19B1.31B1.17B880.4M1.23B1.16B
Operating CF Growth %
-28.95%67.95%23.1%26.58%10.69%-10.76%-24.79%40.1%-5.6%
Operating CF / Revenue %
7.23%12.15%12.55%16.54%14.04%14.48%12.13%14.98%12.81%
Net Income
560.5M370.5M1.06B558.6M1.53B686.4M598.6M852.7M937M
Depreciation & Amortization
27.2M27.6M26.8M26.9M27.2M28.3M33M00
Stock-Based Compensation
3.5M3.8M3.7M2.1M3.2M9M19.5M00
Deferred Taxes
49.5M-69.5M37.2M-18.3M151.4M-37.3M000
Other Non-Cash Items
-315.1M185.9M-712.5M128.9M-962M169.3M421.7M-228.9M-174.8M
Working Capital Changes
127.2M172.7M524.6M486.8M557.6M314.9M-192.4M609.6M402.1M
Cash from Investing
-293.9M-239.5M-424.6M-845.2M-936.5M-415M25.3M-7.2M-177.2M
Capital Expenditures
000000000
Acquisitions
0-13.1M-1.2M0000136.6M0
Purchase of Investments
-2.45B-2.17B-2.65B-2.65B-3.36B-5.42B-3.48B-4.53B-3.12B
Sale/Maturity of Investments
2.18B1.98B2.25B1.84B2.47B5.02B3.51B4.39B2.94B
Other Investing
-24.3M-31.9M-28M-41.8M-47.1M-12.3M200K-4.5M2.3M
Cash from Financing
-178.5M-546.5M-533.1M-300M-335.7M-832.7M-783.2M-1.23B-925.7M
Dividends Paid
-198.8M-498.8M-538.7M-250.1M-1.02B-579.7M-275.5M-271.9M-782.6M
Share Repurchases
00000-281.2M-535.3M-942.2M-123.8M
Stock Issued
17.8M13.1M13.8M6.7M60M26.6M31.1M2M3.8M
Debt Issuance (Net)
-1000K-1000K-1000K-1000K1000K0-1000K-1000K0
Other Financing
6.4M-6.1M200K2M2.7M1.6M1.8M-10.7M-23.1M
Net Change in Cash
-19.8M▲ 0%
-25.6M▼ 29.3%
-21.5M▲ 16.0%
39.9M▲ 285.6%
39.4M▼ 1.3%
-77.1M▼ 295.7%
121.8M▲ 258.0%
-900K▼ 100.7%
61.3M▲ 6911.1%
Exchange Rate Effect
-200K-100K0100K-100K0-700K-200K-100K
Cash at Beginning
145.7M125.9M100.3M78.8M118.7M158.1M81M202.8M201.9M
Cash at End
125.9M100.3M78.8M118.7M158.1M81M202.8M201.9M263.2M
Free Cash Flow
452.8M▲ 0%
760.5M▲ 68.0%
936.2M▲ 23.1%
1.19B▲ 26.6%
1.31B▲ 10.7%
1.17B▼ 10.8%
880.4M▼ 24.8%
1.23B▲ 40.1%
1.16B▼ 5.6%
FCF Growth %
-28.95%67.95%23.1%26.58%10.69%-10.76%-24.79%40.1%-5.6%
FCF Margin %
7.23%12.15%12.55%16.54%14.04%14.48%12.13%14.98%12.81%
FCF per Share
1.512.533.113.964.323.863.084.694.66

ORI Key Ratios

Old Republic International Corporation (ORI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Combined Ratio
88.38%88.42%93%82.28%90.4%79.43%89.4%89.7%87.01%86.98%
Medical Cost Ratio
87.22%87.1%88.22%78.06%34.51%25.67%30.03%35.55%36.74%49.65%
Return on Equity (ROE)
11.18%12.18%7.5%18.96%9.17%23.46%10.51%9.52%14.18%16.21%
Return on Assets (ROA)
2.62%2.95%1.91%5.23%2.55%6.42%2.74%2.32%3.14%3.24%
Equity / Assets
24.05%24.39%26.63%28.47%27.12%27.59%24.51%24.19%20.18%19.81%
Book Value / Share
15.0915.8117.119.9220.722.720.3322.4621.3523.75
Debt / Equity
0.34x0.31x0.19x0.16x0.16x0.23x0.26x0.25x0.28x0.30x
Revenue Growth
2.33%6.15%-0.07%19.2%-3.95%30.36%-13.47%-10.21%13.41%10.41%
Related:ORI Dividend History·ORI Revenue History·ORI Price History·ORI P/E History·ORI Financial Ratios·ORI Institutional Holders

ORI SEC Filings & Documents

Old Republic International Corporation (ORI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Jan 22, 2026·SEC

Material company update

Dec 12, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

ORI Frequently Asked Questions

Old Republic International Corporation (ORI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Old Republic International Corporation (ORI) grew revenue by 10.4% over the past year. This is steady growth.

Yes, Old Republic International Corporation (ORI) is profitable, generating $936.1M in net income for fiscal year 2025 (10.3% net margin).

Dividend & Returns

Yes, Old Republic International Corporation (ORI) pays a dividend with a yield of 8.10%. This makes it attractive for income-focused investors.

Old Republic International Corporation (ORI) has a return on equity (ROE) of 16.2%. This is reasonable for most industries.

Industry Metrics

Old Republic International Corporation (ORI) has a combined ratio of 87.0%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in ORI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in ORI be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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