Old Republic Stock Price, News & Analysis

Old Republic International Corporation (NYSE: ORI) released a Special Report focusing on Enterprise Risk Management principles such as Insurance Underwriting Risk, Capital Management, and Corporate Governance. This report reflects the Board of Directors' business judgment in response to suggestions from a new hedge fund shareholder. The issuance of the report demonstrates the company's commitment to transparency and open disclosure to shareholders. The full report can be accessed on ORI's website.

Old Republic International Corporation (NYSE: ORI) announced a management transition in its home service contract subsidiary, Old Republic Home Protection (ORHP). President Gwen Gallagher is retiring, and Frank Caballero, currently the Chief Operating Officer, will assume her role. Craig R. Smiddy, President and CEO, commended Gallagher for her leadership and emphasized that the experienced management team will ensure a smooth transition. As one of the largest insurance businesses in the U.S., Old Republic continues its long-term commitment to shareholders, evidenced by a 40-year history of dividend increases.

Old Republic International Corporation (NYSE: ORI) reported solid financial results for the second quarter and first half of 2021. The company achieved a 29.1% increase in net premiums and fees earned during Q2, totaling $1,987.3 million, with significant growth in the Title Insurance segment. Although pretax income dropped to $396.0 million from $499.1 million, net income was $316.4 million, demonstrating strong profitability in core operations. Book value per share rose to $22.59, an 8.9% increase from the previous year.

Old Republic International Corporation (NYSE: ORI) announced a conference call scheduled for July 22, 2021, at 3:00 p.m. ET to discuss its second-quarter and six-month results of 2021. Investors can access the call on Old Republic's website or via phone. A replay will be available until July 29, 2021. Old Republic, based in Chicago, is one of the largest shareholder-owned insurance companies in the U.S., known for its long-standing cash dividend policy, marking 40 consecutive years of increased dividends. It ranks as the third largest in title insurance.

Old Republic International Corporation (NYSE: ORI) announced key changes in its Accounting and Finance Executive Group, effective June 30 and July 1, 2021. Karl Mueller will retire as Chief Financial Officer after 40 years, with Frank Sodaro appointed as his successor. Sodaro, a CPA, was previously Deputy CFO, while Chris Lieser will take on the role of Deputy CFO while continuing his work in Title Insurance. The leadership changes reflect stable governance during a critical transition phase for the company.

The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a quarterly cash dividend of 22 cents per share, payable on June 15, 2021, to shareholders of record by June 4, 2021. This increases the total dividend for the year to 88 cents, up from 84 cents in 2020. This marks the 40th consecutive year of dividend growth and the 80th year of uninterrupted payments. Old Republic ranks among the largest insurance companies in the U.S. and is recognized for its long-term commitment to shareholders through consistent dividends.

Old Republic International Corporation (NYSE: ORI) reported a strong first quarter for 2021, with pretax income of $630.6 million compared to a loss of $769.9 million in 2020. Net income rose to $502.1 million, reflecting significant investment gains and improved underwriting results in both General and Title Insurance. The company achieved a combined ratio of 90.9%, a marked improvement from 95.1% in the previous year. As of March 31, 2021, shareholders' equity increased to $6,451.8 million, enhancing book value per share to $21.59.

AM Best has upgraded the Financial Strength Rating (FSR) of Old Republic Title Insurance Group (ORTIG) to A+ (Superior) from A (Excellent). The Long-Term Issuer Credit Ratings (Long-Term ICRs) also increased to 'aa-' from 'a+'. This upgrade reflects ORTIG's strategic importance, solid revenue generation, and profitability within Old Republic International Corporation. The ratings outlook is stable. Old Republic's strong balance sheet and operating performance have been affirmed, contributing to its position as a top property/casualty insurer in the U.S.

Old Republic International Corporation (NYSE: ORI) has appointed Lisa Jeffries Caldwell to its Board of Directors as of April 15, 2021. Caldwell, 60, previously served as Executive Vice President and Chief Human Resources Officer at Reynolds American for 27 years. Her appointment is part of ORI's ongoing strategy to enhance board diversity. The company has added seven new directors over five years, while four have retired. ORI is noted for its long-standing commitment to dividends, announcing its $0.88 annualized dividend, marking the 40th consecutive increase.