Welcome to our dedicated page for Old Republic news (Ticker: ORI), a resource for investors and traders seeking the latest updates and insights on Old Republic stock.
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 (NYSE: ORI) has declared a special cash dividend of $2.00 per share, payable on January 15, 2025, to shareholders of record on January 3, 2025, returning approximately $500 million to shareholders. The company has purchased $174 million under a $1.1 billion share repurchase program, with $240 million remaining available.
Since December 31, 2019, ORI has returned over $4 billion to shareholders through share repurchases and dividends. The company's current annualized regular cash dividend rate of $1.06 per share represents an 8.2% increase from 2023, marking the 43rd consecutive year of dividend increases and 83rd year of uninterrupted regular dividend payments.
Old Republic International (NYSE: ORI) announced a quarterly cash dividend of 26.5 cents per share, payable on December 16, 2024, to shareholders of record on December 6, 2024. The full year's cash dividend totals $1.06 per share, representing an 8.2% increase from 2023's 98 cents per share. This marks the company's 43rd consecutive year of dividend increases and 83rd year of uninterrupted regular cash dividend payments.
Old Republic International (NYSE: ORI) reported Q3 2024 results with pretax income of $426.9 million, up significantly from $63.9 million in Q3 2023. Net income was $338.9 million ($1.32 per diluted share) compared to $52.6 million ($0.19) last year. Excluding investment gains/losses, net operating income was $182.7 million ($0.71 per share) vs $200.2 million ($0.72) in Q3 2023.
Key highlights include: consolidated net premiums and fees earned increased 9.6%, net investment income rose 17.3%, and the combined ratio was 95.0%. Book value per share reached $25.71, up 13.7% year-to-date. The company returned $232 million to shareholders through dividends and share repurchases during the quarter.
Old Republic International (NYSE: ORI) has announced its upcoming financial results release and conference call for the third quarter of 2024. The company will report its financial results before the market opens on Thursday, October 24. Following the release, ORI will host a conference call at 3:00 p.m. Eastern time to discuss the results.
Investors and interested parties can access the call live through Old Republic's website at www.oldrepublic.com or by dialing 800-715-9871 with passcode 4060501. For those unable to attend the live call, a replay will be available until October 31, 2024, accessible by dialing 1-800-770-2030 with the same passcode. The replay will also be available on the company's website.
Old Republic International (NYSE: ORI) has declared a regular quarterly cash dividend of 26.5 cents per share, payable on September 16, 2024, to shareholders of record on September 6, 2024. This announcement marks the 43rd consecutive year of dividend increases and the 83rd year of uninterrupted regular cash dividend payments for the company.
Subject to Board approval each quarter, the full year's cash dividend for 2024 will amount to $1.06 per share, representing an 8.2% increase from the 98 cents per share paid in 2023. This consistent dividend growth demonstrates Old Republic's commitment to delivering value to its shareholders.
Old Republic International (NYSE: ORI) reported results for Q2 and the first half of 2024. Q2 pretax income excluding investment gains was $253.8M, up 11.6% YoY, while H1 pretax income was $485.4M, up 7.8% YoY. Net income for Q2 was $91.8M, down from $155.5M YoY; H1 net income was $408.6M, up from $355.4M. Q2 net operating income per diluted share was $0.76, a 22.6% increase. General Insurance pretax operating income rose by 9.9% in Q2, while Title Insurance saw a 32.5% increase. Net premiums and fees earned grew by 9.0% in Q2. However, investment losses were substantial, with pretax investment losses of $140.5M. The combined ratio for Q2 was 93.5%, up from 92.6% YoY. Book value per share increased to $23.59. Despite some positive metrics, a significant decline in investment gains impacted overall profitability.
Old Republic International (NYSE: ORI) announced it will release its second-quarter 2024 financial results on Thursday, July 25, 2024, before the market opens. The company will host a conference call at 3:00 p.m. Eastern time to discuss the results. Investors can access the call live on Old Republic's website or by dialing 1-888-510-2411 with passcode 4060501. A replay of the call will be available until August 1, 2024, by dialing 1-800-770-2030 with the same passcode, and on the company’s website.
Old Republic International (NYSE: ORI) announced that its Board of Directors has declared a quarterly cash dividend of 26.5 cents per common share. This dividend will be payable on June 14, 2024, to shareholders recorded by June 4, 2024. Assuming Board approval each quarter, the annual cash dividend for 2024 will total $1.06 per share, representing an 8.2% increase from the $0.98 per share paid in 2023. This marks the 43rd consecutive year of dividend increases and the 83rd year of uninterrupted payments.
Summary not available.
Summary not available.