Old Republic International (NYSE:ORI) Issues Earnings Results

Old Republic International (NYSE:ORI) released its quarterly earnings results on Thursday. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15), Zacks reports. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the company posted $0.90 EPS.

Here are the key takeaways from Old Republic International’s conference call:

• Full-year results were strong: Old Republic reported roughly $1.0 billion of consolidated pre-tax operating income for 2025 and a 22% increase in book value per share (including dividends).
• Specialty insurance reached an all-time high in premium scale (exceeding $5 billion) and delivered a record $900 million of pre-tax operating income for the year, despite a weaker fourth-quarter combined ratio.
• Commercial auto loss trends worsened late in the year, prompting a 3-point increase to the accident-year loss pick and accelerated rate increases (now ~16%), signaling higher claim pressure that could weigh on near-term underwriting results.
• Capital returns remained sizable: the company paid nearly $700 million in dividends, repurchased $56 million of shares in Q4, and still has about $850 million remaining on its buyback program while signaling potential further regular/special dividends.
• Investment income benefited from higher bond yields (portfolio book yield ~4.75%), but management expects net investment income growth to slow in 2026 as prior portfolio actions and the rate environment evolve.

Old Republic International Price Performance

NYSE ORI opened at $37.94 on Friday. Old Republic International has a 1 year low of $34.43 and a 1 year high of $46.76. The business’s fifty day moving average is $44.35 and its two-hundred day moving average is $41.33. The stock has a market capitalization of $9.39 billion, a P/E ratio of 11.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd were given a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International’s payout ratio is 34.22%.

Key Headlines Impacting Old Republic International

Here are the key news stories impacting Old Republic International this week:

• Positive Sentiment: Revenue and some segment momentum: ORI reported revenue above Street estimates and management highlighted momentum in title insurance, particularly commercial title, which supports top-line resilience. Read More.
• Positive Sentiment: GAAP net income rose year-over-year, which helps capital / reserves positioning despite operational pressures — a cushion for investors watching solvency and dividend capacity. Read More.
• Neutral Sentiment: Earnings call details and slides are available for deeper review — useful for judging management’s plans on underwriting actions, reserve strategy and capital allocation. Read More.
• Negative Sentiment: EPS missed estimates ($0.74 vs. $0.89 consensus), and net operating income declined versus prior year — an immediate driver of the share-price reaction as earnings power was weaker than expected. Read More.
• Negative Sentiment: Underwriting deterioration: Q4 combined ratio ~96%, driven by trucking reserve additions and commercial-auto loss issues — raises near-term margin risk and increases uncertainty around 2026 underwriting results. Read More.
• Negative Sentiment: Analyst reaction: Piper Sandler cut ORI to Neutral and slashed its price target (from $51 to $38), citing commercial-auto loss issues — that downgrade tightens near-term analyst support and caps upside. Read More.
• Negative Sentiment: Market reaction and margin commentary: Multiple outlets note the stock slid after the EPS miss and management’s acknowledgement of margin pressures, reinforcing negative sentiment until underwriting trends stabilize. Read More.

Insiders Place Their Bets

In related news, Director Therace Risch bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the acquisition, the director directly owned 10,625 shares of the company’s stock, valued at $415,862.50. The trade was a 10.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 6,680 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $44.54, for a total value of $297,527.20. Following the sale, the senior vice president directly owned 29,075 shares of the company’s stock, valued at approximately $1,295,000.50. This represents a 18.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International during the third quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB grew its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Old Republic International during the 2nd quarter valued at $46,000. Danske Bank A S purchased a new stake in shares of Old Republic International in the third quarter valued at $51,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Old Republic International in the third quarter worth $51,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ORI shares. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Piper Sandler reiterated a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.50.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.