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 (NYSE: ORI) generates a steady flow of news as a Fortune 500 specialty insurer focused on property & casualty and title insurance. Founded in 1923 and headquartered in Chicago, the company regularly issues updates on its financial performance, capital management actions, and developments within its specialized operating companies across the United States and Canada.
On this page, readers can follow ORI news related to quarterly and annual earnings releases, earnings conference call announcements, and management’s commentary on segment performance. Old Republic frequently reports metrics such as net income, net income excluding investment gains or losses, net premiums and fees earned, combined ratios, and segment‑level results for its Specialty Insurance and Title Insurance operations.
Investors also see news on dividends and share repurchases, including declarations of regular quarterly cash dividends, special cash dividends, and authorizations of share repurchase programs. These announcements often describe the Board’s considerations regarding liquidity, capital needs, and the company’s long‑term approach to returning capital to shareholders.
Company updates extend to strategic and operational developments, such as the formation of new underwriting subsidiaries like Old Republic Environmental, Inc., and agreements to acquire specialty insurers, including the pending acquisition of Everett Cash Mutual Insurance Co. and affiliated companies, subject to regulatory and policyholder approvals. There are also sector‑specific items, such as endorsements of Old Republic Lawyers Specialty Insurance as a malpractice insurance provider for professional associations.
By reviewing this news feed, users can track how Old Republic manages its specialty insurance portfolio, responds to market conditions, and communicates material events through press releases and related SEC Form 8‑K filings. Regular visits help provide context around ORI’s financial results, capital allocation decisions, and specialty insurance initiatives.
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Old Republic International Corporation (NYSE: ORI) reported Q1 2023 results with a net income of $199.8 million, down from $306.3 million in Q1 2022. Pretax income excluding investment gains fell by 6.1% to $222.9 million. Combined ratio improved slightly to 92.7% as General Insurance pretax income increased 35.6%. However, Title Insurance revenues plummeted 41.6% due to elevated mortgage rates, leading to a substantial decrease in premiums earned. Net investment income rose 29.7% year-over-year, which helped mitigate some losses. The company returned approximately $204 million to shareholders through dividends and share repurchases, increasing book value per share to $21.91, a 4% rise since the end of 2022. Despite the challenges in the Title Insurance segment, Old Republic maintains a strong focus on long-term profitability.
Old Republic International Corporation (NYSE: ORI) has announced it will report its financial results for the first quarter of 2023 on April 27, before the market opens. A conference call is scheduled for 3:00 p.m. Eastern time on the same day to discuss these results. Investors can access the call live via the company's website or by dialing 1-888-510-2411, using the passcode 4060501. A replay of the call will be available until May 4, 2023. Old Republic is a major player in the insurance industry, ranking among the largest in general and title insurance, and is listed in the Fortune 500.
Old Republic International Corporation (NYSE: ORI) announced the appointment of Kivin Jones as the new Senior Vice President – Chief Human Resource Officer. This role aims to enhance the company's human capital strategy, with a focus on diversity, equity, and inclusion initiatives. Mr. Jones brings over 22 years of HR leadership experience, previously serving at the NBA, USAA, Marsh, and CNA Insurance. Craig Smiddy, ORI's President and CEO, expressed optimism about Mr. Jones’s contributions to organizational success. Old Republic is one of the largest shareholder-owned insurance firms in the U.S.
Old Republic International Corporation (NYSE: ORI) announced the formation of a new underwriting subsidiary, Old Republic Lawyers Specialty Insurance, Inc. (ORLSI), aimed at providing professional liability coverage specifically for lawyers. The subsidiary will be led by Michael Furlong, an experienced lawyer with over 30 years in the industry. Craig R. Smiddy, ORI's CEO, expressed confidence that this new venture represents a natural extension of ORI's successful history in specialized insurance, emphasizing its potential to deliver long-term value for shareholders.
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