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 (ORI) maintains its position as a leading provider of specialty insurance solutions through disciplined underwriting and decentralized operations. This news hub serves as the definitive source for tracking corporate developments, financial updates, and strategic initiatives at this NYSE-listed insurance enterprise.
Investors and industry professionals will find curated press releases covering earnings announcements, leadership changes, product innovations, and regulatory filings. Our aggregation includes ORI's general insurance segment updates, title insurance market expansions, and risk management advancements - all essential for understanding the company's market position.
Key updates feature quarterly financial results, dividend declarations, underwriting strategy adjustments, and technology investments in title services. The chronological organization enables efficient tracking of operational milestones while maintaining context for long-term performance analysis.
Bookmark this page for streamlined access to ORI's official communications. Combine these primary sources with our analysis tools on Stock Titan to develop informed perspectives on this insurance sector mainstay.
Old Republic International Corporation (NYSE: ORI) appointed J. Eric Smith to its Board of Directors on March 17, 2023. Smith, aged 65, brings extensive experience from leadership roles including President and CEO of Swiss Re Americas. He will serve on the Compensation and Governance Committees, as well as the Directorship of ORI's regulated insurance subsidiaries. This addition expands ORI's Board diversity, having welcomed seven new members over five years, while five departed. ORI ranks among the top 50 largest shareholder-owned insurance businesses in the U.S., highlighting its significant market position.
Old Republic International Corporation (NYSE: ORI) announced a quarterly cash dividend of 24.5 cents per share, payable on March 15, 2023. Shareholders of record as of March 6, 2023 will receive this dividend. The annual dividend for 2023 is projected to total 98 cents per share, up from 92 cents in 2022, marking the 42nd consecutive year of increases. This year also commemorates 82 years of uninterrupted cash dividends. Old Republic is a prominent insurance holding company, recognized among the top 50 in the nation.
Old Republic International Corporation (NYSE: ORI) reported financial results for Q4 and FY 2022, highlighting a 10.3% decline in pretax income, excluding investment gains, to $300.6 million for the quarter and $1,058.6 million for the year. The net income fell 18.3% year-over-year, totaling $512.1 million in Q4. Title Insurance net premiums dropped 29.4% in Q4, affected by high mortgage rates, while General Insurance premiums grew 6.5%. The combined ratio improved to 89.6% for the quarter. Despite challenges, the company returned $243.7 million to shareholders through dividends and share repurchases.
Old Republic International Corporation (NYSE: ORI) will hold a conference call on January 26, 2023, at 3:00 p.m. ET, to discuss its fourth quarter 2022 results. Investors can access the call live via Old Republic's website or by calling 1-888-510-2411 (passcode 4060501). A replay will be available until February 2, 2023, through a separate number or on the website. Old Republic is among America's largest insurance companies, with its title insurance business ranking third in the industry.
Old Republic International Corporation (NYSE: ORI) announced the appointment of Meyer Lehman as Executive Vice President of BITCO Insurance Companies, effective January 3, 2023. Reporting to Vince Lamb, BITCO's President and CEO, Lehman will oversee Underwriting, Claims, and Operations. With over 20 years of experience in general insurance and actuarial services, his leadership aims to enhance BITCO's growth strategy. This appointment is expected to strengthen BITCO's executive team and drive long-term, profitable growth.
Old Republic International Corporation (NYSE: ORI) announced the appointment of Mike Baumel as Senior Vice President – Claims and Chief Claims Officer of Old Republic General Insurance Group. With over 30 years of experience, Baumel will oversee claims initiatives, enhancing best practices within the organization. CEO Craig Smiddy praised Baumel's leadership and expertise in complex claims management. Old Republic is among the top 50 shareholder-owned insurance businesses in the U.S., with significant rankings in both general and title insurance.
Old Republic International Corporation (NYSE: ORI) has announced a quarterly cash dividend of 23 cents per share, payable on December 15, 2022, for shareholders on record by December 5, 2022. This brings the total annual dividend for 2022 to 92 cents, up from 88 cents in 2021. The announcement marks the 41st consecutive year of dividend increases and the 81st year of uninterrupted payments.
Old Republic International Corporation (NYSE: ORI) reported significant financial challenges for the third quarter ending September 30, 2022. The company experienced a net income loss of $91.7 million, compared to a profit of $88.7 million in the previous year. Key metrics include a 14.3% decline in net income, excluding investment gains/losses, and a 5.5% drop in consolidated net premiums and fees earned. The book value per share also decreased by 16.9% to $18.92. Despite a 7.1% growth in General Insurance, Title Insurance saw a steep decline in revenues due to rising mortgage interest rates.
Old Republic International Corporation (NYSE: ORI) announced a conference call scheduled for October 27, 2022, at 3:00 p.m. Eastern time to discuss its third-quarter 2022 results. Investors can access the call at www.oldrepublic.com or by calling 1-888-510-2411 (passcode 4060501). A replay will be available until November 3, 2022. Old Republic, based in Chicago, is among the top 50 shareholder-owned insurance companies in the U.S., excelling in general and title insurance services.
FAQ
What is the current stock price of Old Republic (ORI)?
What is the market cap of Old Republic (ORI)?
