Old Republic International Corporation (ORI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 2.4B | 2.34B | 2.42B | 2.21B | 2.11B | 2B | 2.34B | 1.87B | 2.02B | 1.94B | 1.76B | 1.8B | 1.76B | 2.35B | 1.72B | 1.81B | 2.21B | 2.72B | 2.01B | 2.25B |
| Revenue Growth % | 13.51% | 16.94% | 3.53% | 17.98% | 4.88% | 3.17% | 33.03% | 4.09% | 14.63% | -17.24% | 2.28% | -0.66% | -20.3% | -13.79% | -14.47% | -19.67% | -6.3% | 4.25% | 3.11% | 11.19% |
| Medical Costs & Claims | 840.2M | 2.06B | 852.3M | 826.5M | 772.1M | 788.8M | 809.4M | 731.5M | 694.6M | 709.5M | 657.4M | 612.8M | 600.2M | 563.3M | 624.3M | 635.6M | 604.4M | 568.9M | 615.4M | 615.8M |
| Medical Cost Ratio % | 35.02% | 88.02% | 35.16% | 37.43% | 36.52% | 39.39% | 34.57% | 39.08% | 34.46% | 36.55% | 37.35% | 34.08% | 34.13% | 24.02% | 36.28% | 35.12% | 27.39% | 20.91% | 30.59% | 27.33% |
| Gross Profit | 1.56B | 280.5M | 1.57B | 1.38B | 1.34B | 1.21B | 1.53B | 1.14B | 1.32B | 1.23B | 1.1B | 1.19B | 1.16B | 1.78B | 1.1B | 1.17B | 1.6B | 2.15B | 1.4B | 1.64B |
| Gross Margin % | 64.98% | 11.98% | 64.84% | 62.57% | 63.48% | 60.61% | 65.43% | 60.92% | 65.54% | 63.45% | 62.65% | 65.92% | 65.87% | 75.98% | 63.72% | 64.88% | 72.61% | 79.09% | 69.41% | 72.67% |
| Gross Profit Growth % | 16.19% | -76.89% | 2.59% | 21.19% | 1.57% | -1.45% | 38.94% | -3.81% | 14.06% | -30.9% | 0.56% | 0.93% | -27.7% | -17.18% | -21.49% | -28.28% | -8.81% | 7.15% | 5.96% | 186.33% |
| Operating Expenses | 1.15B | 17.4M | 1.22B | 1.12B | 1.03B | 1.08B | 1.11B | 1.03B | 922.6M | 994.1M | 1.04B | 988.6M | 909.3M | 1.13B | 1.22B | 1.23B | 1.22B | 1.36B | 1.29B | 1.24B |
| OpEx / Revenue % | 47.75% | 0.74% | 50.29% | 50.8% | 48.92% | 54.06% | 47.21% | 54.86% | 45.77% | 51.22% | 59.02% | 54.98% | 51.71% | 48.32% | 70.69% | 67.92% | 55.27% | 50.07% | 64.16% | 55.11% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33M | 0 | 0 | 0 | 28.3M | 0 | 0 | 0 | 27.2M | 0 | 0 |
| Combined Ratio % | 82.77% | 88.77% | 85.45% | 88.23% | 85.45% | 93.45% | 81.78% | 93.95% | 80.23% | 87.77% | 96.38% | 89.06% | 85.85% | 72.34% | 106.97% | 103.04% | 82.67% | 70.98% | 94.74% | 82.44% |
| Operating Income | 413.4M | 263.1M | 352.7M | 259.9M | 307.6M | 131.2M | 426.6M | 113.3M | 398.4M | 237.4M | 63.8M | 196.7M | 248.9M | 648.8M | -119.9M | -55M | 382.4M | 789.5M | 105.8M | 395.6M |
| Operating Margin % | 17.23% | 11.23% | 14.55% | 11.77% | 14.55% | 6.55% | 18.22% | 6.05% | 19.77% | 12.23% | 3.62% | 10.94% | 14.15% | 27.66% | -6.97% | -3.04% | 17.33% | 29.02% | 5.26% | 17.56% |
| Operating Income Growth % | 34.4% | 100.53% | -17.32% | 129.39% | -22.79% | -44.73% | 568.65% | -42.4% | 60.06% | -63.41% | 153.21% | 457.64% | -34.91% | -17.82% | -213.33% | -113.9% | -39.32% | 21.07% | -65.49% | -20.69% |
| EBITDA | 431.1M | 263.1M | 370.2M | 277.7M | 325.5M | 148M | 448.2M | 135.5M | 415.1M | 270.4M | 80.3M | 217.6M | 266.1M | 677.1M | -103.3M | -38M | 399.5M | 816.7M | 122.8M | 408.1M |
| EBITDA Margin % | 17.97% | 11.23% | 15.27% | 12.58% | 15.4% | 7.39% | 19.14% | 7.24% | 20.59% | 13.93% | 4.56% | 12.1% | 15.13% | 28.87% | -6% | -2.1% | 18.11% | 30.02% | 6.1% | 18.11% |
| Interest Expense | 17.7M | 17.4M | 17.3M | 17.6M | 17.8M | 17.3M | 21.3M | 22.2M | 16.4M | 16.5M | 16.4M | 20.7M | 16.9M | 16.8M | 16.3M | 16.6M | 16.9M | 16.5M | 16.8M | 12.1M |
| Non-Operating Income | -17.7M | 0 | -17.5M | -17.8M | -17.9M | -16.8M | -21.6M | -22.2M | -16.7M | -16.5M | -16.5M | -20.9M | -17.2M | -17.1M | -16.6M | -17M | -17.1M | -16.5M | -17M | -12.5M |
| Pretax Income | 413.4M | 263.1M | 352.9M | 260.1M | 307.7M | 130.7M | 426.9M | 113.3M | 398.7M | 237.4M | 63.9M | 196.9M | 249.2M | 649.1M | -119.6M | -54.6M | 382.6M | 789.5M | 106M | 396M |
| Pretax Margin % | 17.23% | 11.23% | 14.56% | 11.78% | 14.56% | 6.53% | 18.23% | 6.05% | 19.78% | 12.23% | 3.63% | 10.95% | 14.17% | 27.68% | -6.95% | -3.02% | 17.34% | 29.02% | 5.27% | 17.57% |
| Income Tax | 83.8M | 55.8M | 72.8M | 51.7M | 61.6M | 25.5M | 88M | 21.4M | 81.9M | 46.7M | 11.3M | 41.3M | 49.3M | 136.9M | -27.8M | -14.4M | 76.3M | 162.5M | 17.2M | 79.5M |
| Effective Tax Rate % | 20.27% | 21.21% | 20.63% | 19.88% | 20.02% | 19.51% | 20.61% | 18.89% | 20.54% | 19.67% | 17.68% | 20.98% | 19.78% | 21.09% | 23.24% | 26.37% | 19.94% | 20.58% | 16.23% | 20.08% |
| Net Income | 330M | 207.2M | 279.5M | 204.4M | 245M | 105.1M | 338.9M | 91.8M | 316.7M | 190.6M | 52.6M | 155.5M | 199.8M | 512.1M | -91.7M | -40.1M | 306.3M | 627M | 88.7M | 316.4M |
| Net Margin % | 13.75% | 8.85% | 11.53% | 9.26% | 11.59% | 5.25% | 14.47% | 4.9% | 15.71% | 9.82% | 2.99% | 8.65% | 11.36% | 21.83% | -5.33% | -2.22% | 13.88% | 23.05% | 4.41% | 14.04% |
| Net Income Growth % | 34.69% | 97.15% | -17.53% | 122.66% | -22.64% | -44.86% | 544.3% | -40.96% | 58.51% | -62.78% | 157.36% | 487.78% | -34.77% | -18.33% | -203.38% | -112.67% | -39% | 20.65% | -63.94% | -20.44% |
| EPS (Diluted) | 1.32 | 0.83 | 1.11 | 0.81 | 0.98 | 0.42 | 1.32 | 0.35 | 1.15 | 0.69 | 0.19 | 0.54 | 0.68 | 1.69 | -0.30 | -0.13 | 1.00 | 2.06 | 0.29 | 1.05 |
| EPS Growth % | 34.69% | 97.62% | -15.91% | 131.43% | -14.78% | -39.13% | 594.74% | -35.19% | 69.12% | -59.17% | 163.33% | 515.38% | -32% | -17.96% | -203.45% | -112.38% | -40.48% | 18.39% | -65.06% | -21.64% |
| EPS (Basic) | 1.35 | 0.85 | 1.14 | 0.84 | 1.01 | 0.43 | 1.35 | 0.35 | 1.17 | 0.70 | 0.19 | 0.54 | 0.68 | 1.70 | -0.31 | -0.13 | 1.01 | 2.07 | 0.29 | 1.06 |
| Diluted Shares Outstanding | 249.64M | 249.64M | 249.64M | 249.64M | 249.64M | 250.24M | 256.74M | 262.29M | 275.39M | 277.23M | 279.92M | 287.88M | 293.99M | 302.59M | 303.65M | 303.79M | 305.42M | 304.37M | 303.54M | 302.33M |