Old 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, 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. Old Republic International Corporation was founded in 1923 and is based in Chicago, Illinois.
IPO Year:
Exchange: NYSE
Website: oldrepublic.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2024 | $32.00 | Neutral → Overweight | Piper Sandler |
| 5/17/2023 | $27.00 | Neutral | Piper Sandler |
| 4/29/2022 | $30.00 → $28.00 | Strong Buy → Outperform | Raymond James |
| 11/1/2021 | $28.00 → $30.00 | Strong Buy | Raymond James |
CHICAGO, April 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced leadership succession at BITCO Insurance Companies (BITCO), an Old Republic Specialty Insurance Group subsidiary. BITCO has named Meyer Lehman (50) President, effective May 1. Vince Lamb (62) will continue as Chief Executive Officer. In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted, "These appointments reflect thoughtful succession planning at BITCO. Since joining BITCO in 2023, Meyer has driven growth, profitability, and operational excellence, and we are confident he will continue to lead with a clear vision for
Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated. CHICAGO, April 24, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today reported the following results for the first quarter 2025: Net income of $245.0, compared to $316.7 last year.Net operating income (net income excluding investment gains) of $201.7, an increase of 9.2%.Net operating income per diluted share of $0.81, compared to $0.67 last year, an increase of 20.9%.Consolidated net premiums and fees earned of over $1.8 billion, an increase of 12.1%.Net investment income of $170.7, an increase of 4.0%.Consolidated combined ratio of 93.7%, compared to 94.3% last
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa-" (Superior) of the members of Old Republic Insurance Companies (Old Republic). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) of Old Republic National Title Insurance Company (Tampa, FL) and American Guaranty Title Insurance Company (Oklahoma City, OK) (collectively referred to as Old Republic Title Insurance Group [ORTIG]). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of "a+" (Excellent) of Old Republic Insurance Company of Canada (Old Republic Canada) (Hami
CHICAGO, April 10, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2025 before the market opens on Thursday, April 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-596-4144, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through May 1, 2025. The replay will also be available on Old Republic's website. About Old Republic Old Republic is a leading specialty insurer that operat
CHICAGO, Feb. 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on March 20, 2025 to shareholders of record on March 10, 2025. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that operate
Technology acquisition and co-development partnership will deliver transformative value to Old Republic Title technology customers and agents, as well as Qualia ecosystem TAMPA, Fla. and SAN FRANCISCO, Calif., Jan. 29, 2025 /PRNewswire/ -- Old Republic National Title Holding Company (Old Republic Title), the parent company of one of the nation's largest title insurance underwriters, and Qualia Labs, Inc. (Qualia), an innovator in the digital closing experience, have announced a strategic partnership. This partnership represents a shared vision for the future of technology in the title industry. By combining Qualia's cutting-edge technology solutions and Old Republic Title's extensive industr
Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated. CHICAGO, Jan. 23, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today reported the following results for the fourth quarter and full year 2024: Fourth quarter net income per diluted share of $0.42, compared to $0.69 last year.Fourth quarter net operating income (net income excluding investment gains or losses) per diluted share of $0.90, compared to $0.69 last year.Consolidated pretax operating income of $285.0 for the quarter and $999.8 for the full year.Consolidated net premiums and fees earned increased 11.4% in the quarter and 9.0% for the full year.Net invest
CHICAGO, Jan. 9, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2024 before the market opens on Thursday, January 23, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-510-2411, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through January 30, 2025. The replay will also be available on Old Republic's website. About Old Republic Chicago-based Old Republic International Corporat
CHICAGO, Jan. 6, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced that it is forming a new underwriting subsidiary to provide Cyber and Technology Errors and Omission (E&O) insurance products. The new company, Old Republic Cyber, Inc., will focus on providing specialized Cyber- and Technology-related coverage and will be led by CJ Pruzinsky as President and Kevin McGowan as Executive Vice President and Chief Underwriting Officer. A graduate of William Paterson University, Mr. Pruzinsky has 18 years of cyber underwriting experience with AIG, Beazley, and, most recently, Resilience. A graduate of Miami University, Mr. McGowan has 15 years of cyber under
CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders. In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares on a discretionary basis from time to time through
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Piper Sandler upgraded Old Republic from Neutral to Overweight and set a new price target of $32.00
Piper Sandler initiated coverage of Old Republic with a rating of Neutral and set a new price target of $27.00
Raymond James downgraded Old Republic from Strong Buy to Outperform and set a new price target of $28.00 from $30.00 previously
Raymond James reiterated coverage of Old Republic Intl with a rating of Strong Buy and set a new price target of $30.00 from $28.00 previously
Raymond James reiterated coverage of Old Republic Intl with a rating of Strong Buy and set a new price target of $28.00 from $25.00 previously
Raymond James reiterated coverage of Old Republic Intl with a rating of Strong Buy and set a new price target of $25.00 from $21.00 previously
Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated. CHICAGO, April 24, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today reported the following results for the first quarter 2025: Net income of $245.0, compared to $316.7 last year.Net operating income (net income excluding investment gains) of $201.7, an increase of 9.2%.Net operating income per diluted share of $0.81, compared to $0.67 last year, an increase of 20.9%.Consolidated net premiums and fees earned of over $1.8 billion, an increase of 12.1%.Net investment income of $170.7, an increase of 4.0%.Consolidated combined ratio of 93.7%, compared to 94.3% last
CHICAGO, April 10, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2025 before the market opens on Thursday, April 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-596-4144, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through May 1, 2025. The replay will also be available on Old Republic's website. About Old Republic Old Republic is a leading specialty insurer that operat
CHICAGO, Feb. 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on March 20, 2025 to shareholders of record on March 10, 2025. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that operate
Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated. CHICAGO, Jan. 23, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today reported the following results for the fourth quarter and full year 2024: Fourth quarter net income per diluted share of $0.42, compared to $0.69 last year.Fourth quarter net operating income (net income excluding investment gains or losses) per diluted share of $0.90, compared to $0.69 last year.Consolidated pretax operating income of $285.0 for the quarter and $999.8 for the full year.Consolidated net premiums and fees earned increased 11.4% in the quarter and 9.0% for the full year.Net invest
CHICAGO, Jan. 9, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2024 before the market opens on Thursday, January 23, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-510-2411, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through January 30, 2025. The replay will also be available on Old Republic's website. About Old Republic Chicago-based Old Republic International Corporat
CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders. In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares on a discretionary basis from time to time through
CHICAGO, Nov. 26, 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 share. This dividend is payable on December 16, 2024 to shareholders of record on December 6, 2024. That brings the full year's cash dividend to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-
CHICAGO, Oct. 24, 2024 /PRNewswire/ -- OVERALL RESULTS Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Pretax income $ 426.9 $ 63.9 $ 939.0 $ 510.0 Pretax investment gains (losses) 197.7 (186.9) 224.3 (191.1) Pretax income excluding investment gains (losses) $ 229.2 $ 250.8 (8.6) % $ 714.7 $ 701.2 1.9 % Net income $ 338.9 $ 52.6 $ 747.6 $ 408.0 Net of tax investment gains (losses) 156.1 (147.6) 177.6 (151.0) Net income excluding investment gains (losses) $ 182.7 $ 200.2 (8.7) % $ 570.0 $ 559.0 2.0 % Combined ratio 95.0 % 91.9 % 94.3 % 92.4 % PER DILUTED SHARE Quarters Ended September 30, Nine Months Ended
CHICAGO, Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 800-715-9871, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through October 31, 2024. The replay will also be available on Old Republic's website. About Old RepublicChicago-based Old Republic International Corporatio
CHICAGO, Aug. 16, 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 share. This dividend is payable on September 16, 2024 to shareholders of record on September 6, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is o
CHICAGO, April 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced leadership succession at BITCO Insurance Companies (BITCO), an Old Republic Specialty Insurance Group subsidiary. BITCO has named Meyer Lehman (50) President, effective May 1. Vince Lamb (62) will continue as Chief Executive Officer. In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted, "These appointments reflect thoughtful succession planning at BITCO. Since joining BITCO in 2023, Meyer has driven growth, profitability, and operational excellence, and we are confident he will continue to lead with a clear vision for
CHICAGO, March 18, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced Therace M. Risch (51) has joined its Board of Directors as of March 18, 2024. She has concurrently been appointed to the Board's Audit and Governance and Nominating Committees, as well as to the Directorship of ORI's major regulated insurance company subsidiaries. Ms. Risch is currently the Executive Vice President and Chief Information & Technology Officer for American Electric Power Company, Inc. She was previously Executive Vice President and Chief Information & Digital Officer at J. C. Penney Company, Inc. and Executive Vice President and Chief Information Officer at COUNTRY Financ
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. She joins PMA with over 25 years of experience, which includes executive leadership, corporate strategy, and oversight of production underwriting and regional underwriting activities. She earned a bachelor's deg
CHICAGO, May 1, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced that after 36 years of dedicated service to Old Republic, Rande Yeager, Executive Chairman of Old Republic National Title Holding Company (ORNTHC), will retire, effective June 30, 2023. In making this announcement, Craig Smiddy, ORI's President and CEO, noted that "Rande's 48 year career in the title insurance industry has been marked by exemplary leadership, strategic vision, and a relentless commitment to advancing the title insurance industry. He has spearheaded initiatives that promoted innovation and engaged in advocacy efforts to reinforce the industry's reputation. His ability to ada
CHICAGO, April 4, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced the appointment of Kivin Jones as Senior Vice President – Chief Human Resource Officer. In this newly created role, Mr. Jones will work closely with ORI's Office of the Chief Executive Officer, enhancing the Company's human capital strategy and best practices across the organization, including oversight responsibilities of diversity, equity, and inclusion initiatives. He joins ORI's executive team in Chicago with over 22 years of experience in human resource leadership. Mr. Jones most recently served as an Executive Vice President and Deputy Chief Human Resources Officer of the National
CHICAGO, Jan. 3, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — BITCO Insurance Companies (BITCO), a member of the Old Republic General Insurance Group since 1985, today announced the appointment of Meyer Lehman as Executive Vice President and member of BITCO's Office of the Chief Executive Officer. In this newly created role reporting to Vince Lamb, BITCO's President and CEO, Mr. Lehman will have direct oversight of Underwriting, Claims and Operations. He joins BITCO with over 20 years of experience, including executive leadership of actuarial, underwriting, and finance teams. He is a graduate of the University of California – Santa Cruz and a Fellow of the Casual
CHICAGO, Dec. 1, 2022 /PRNewswire/ --– Old Republic International Corporation (NYSE:ORI) today announced the appointment of Mike Baumel as Senior Vice President – Claims, ORI, and Senior Vice President - Chief Claims Officer, Old Republic General Insurance Group, Inc. (ORGIG). In this newly created role, Mr. Baumel will work closely with the claim department leaders of ORGIG's diverse specialty companies, enhancing best practices across the organization, and he will lead ORGIG's Claims Excellence and Managed Care Excellence initiatives. He joins Old Republic's executive team in Chicago with over 30 years of experience as a claims executive and litigation attorney, leading global claim depart
CHICAGO, Sept. 14, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced the appointment of Veronica Romano as Senior Vice President, Underwriting & Distribution of the Old Republic General Insurance Group, Inc. (ORGIG), effective September 27, 2021. Veronica joins Old Republic's senior leadership team in Chicago after 18 years at Zurich Insurance, where she held leadership roles in underwriting, business development, and distribution. In making this announcement, Craig Smiddy, Old Republic's President and CEO, noted that "Veronica brings strong underwriting acumen, as well as experience leading teams and managing distribution in several regional markets in
CHICAGO, May 14, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced the following changes in its Accounting and Finance Executive Group. The changes are occasioned by Karl Mueller's decision to retire as ORI's Chief Financial Officer, effective June 30, 2021. The decision ends a highly successful 40-year career that began in public accounting, with the last 17 years dedicated to ORI's business. Karl has agreed to provide advisory services for a period of time to ensure a seamless transition to his successor. To succeed Karl, ORI named Deputy CFO Frank Sodaro (52) as its Chief Financial Officer, effective July 1, 2021. Frank, a CPA by profession, was most
CHICAGO, Jan. 6, 2021 /PRNewswire/ -- On December 18, 2020, the Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a special, one-time cash dividend of $1.00 per share payable on January 15, 2021 to shareholders of record on January 5, 2021. The attached letter to shareholders provides further background and context to the Board's evaluation relative to this special dividend. The letter has also been posted to the ORI website. About Old Republic Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America's largest companies. The Company i
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