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Old Republic International Corporation reports developments across its specialty insurance, property and casualty, and title insurance operations. The company’s updates commonly cover underwriting results, net investment income, combined ratio trends, loss reserve development, book value, dividends, share repurchases, and rating-agency actions affecting its insurance subsidiaries.
Old Republic also announces operating-company actions within its decentralized insurance group, including brand changes, the Lodestar Claims & Risk Services third-party administrator business, specialized property insurance expansion, and leadership changes at units such as BITCO Insurance Companies and Old Republic Professional. Its business serves commercial clients and other partners in the United States and Canada through specialized underwriting, claims administration, risk services, and title insurance capabilities.
Old Republic International Corporation (NYSE: ORI) will host a conference call on July 28, 2022, at 3:00 p.m. Eastern to discuss its second-quarter results. The call is accessible live via the company’s website or by phone at 1-888-655-9638, with a replay available until August 25, 2022. Old Republic is one of the top 50 shareholder-owned insurance companies in the U.S., featuring significant operations in general and title insurance.
For more updates, visit www.oldrepublic.com.
Old Republic International Corporation (NYSE: ORI) declared a quarterly cash dividend of 23 cents per share, payable on June 15, 2022. Shareholders on record as of June 3, 2022 will be eligible. The projected annual dividend for 2022 is 92 cents, up from 88 cents in 2021, marking the 41st consecutive year of dividend increases. This announcement highlights Old Republic's commitment to shareholder returns and reflects its 81 years of uninterrupted dividend payments.
Old Republic International Corporation (NYSE: ORI) reported a decrease in pretax income to $382.6 million for Q1 2022, down from $630.6 million in 2021. The net income also fell to $306.3 million, compared to $502.1 million last year. Investment gains were significantly lower, totaling $145.1 million versus $375.4 million in Q1 2021. Despite these declines, net premiums earned rose by 4.4%, reaching $1.9 billion. The consolidated combined ratio improved slightly to 91.9%. Shareholders' equity decreased by 2.1% to $6.75 billion, equating to $22.23 per share.
Old Republic International Corporation (NYSE: ORI) announced a conference call scheduled for April 28, 2022, at 3:00 p.m. Eastern time, to discuss its first quarter 2022 results. Investors can join via Old Republic's website or by calling 1-888-655-9638. A replay will be available until May 9, 2022, through phone or the company’s website until May 26, 2022. With a ranking among the nation’s largest shareholder-owned insurance businesses, Old Republic specializes in general and title insurance services.
Old Republic International Corporation (NYSE: ORI) has announced key management changes within its subsidiaries, PMA Companies and Great West Casualty Company. Effective immediately, John Santulli has been appointed Executive Chairman, and Derek Hopper is now President and CEO of PMA. Vince Donnelly is retiring from his executive role. Additionally, from July 1, 2022, Jim Jensen will become Executive Chairman of Great West Holdings, and Steve Olson will transition to President and CEO. Old Republic emphasizes that these changes are part of a thoughtful succession planning process.
Old Republic International (NYSE: ORI) has launched a new venture, Old Republic Excess & Surplus, Inc. (ORES), dedicated to providing specialized Excess & Surplus Lines insurance solutions. This initiative aims to enhance Old Republic's offerings through the wholesale distribution channel. Ralph Sabbagh, with 16 years of E&S experience, will lead the new company. The venture is viewed as a continuation of Old Republic's legacy in commercial insurance. The necessary capital for ORES will be sourced internally, backed by Old Republic's existing resources.
Old Republic International Corporation (NYSE: ORI) announced a quarterly cash dividend of 23 cents per share, payable on March 15, 2022. Shareholders of record by March 7, 2022 will receive this dividend. The annualized dividend for 2022 will total 92 cents, an increase from 88 cents in 2021, marking the 41st consecutive year of dividend increases and the 81st year of uninterrupted payments. Old Republic is among the top 50 largest shareholder-owned insurance businesses in the nation.
Old Republic International Corporation (NYSE: ORI) reported record pretax income of $335.1 million for Q4 2021, marking a 20.7% increase from Q4 2020. For the full year, pretax income reached $1.16 billion, up 40.2% year-over-year. The firm’s net premiums and fees earned totaled $2.1 billion for the quarter and $8.0 billion for the year, translating to growth rates of 11.3% and 18.8%, respectively. The combined ratio improved to 88.5% for Q4 2021 and 89.9% for the year. Shareholders' equity rose to $6.89 billion, or $22.76 per share, marking an 11.4% increase from the previous year.
Old Republic International Corporation (NYSE: ORI) has successfully acquired the operating assets of Mountain View Title & Escrow, based in Utah, effective January 21, 2022. This acquisition adds nine new office locations and 86 employees to Old Republic Title's existing operations, which includes over 270 branch and subsidiary locations nationally. Mountain View Title, established in 1979, is recognized for its excellence in managing real estate transactions, aligning with Old Republic's commitment to superior customer service and advanced technology.
Old Republic International Corporation (NYSE: ORI) has scheduled a conference call on January 27, 2022, at 3:00 p.m. Eastern time to discuss its fourth quarter and full year results for 2021. Investors can join the call via the company's website or through a dedicated phone line. A replay will be available until February 3, 2022, and also online until February 27, 2022. Old Republic is among the top 50 shareholder-owned insurance firms in the U.S., focusing on general and title insurance.