Old Republic Stock Price, News & Analysis

Old Republic International Corporation (NYSE: ORI) announced a regular quarterly cash dividend of 23 cents per share, payable on September 15, 2022, to shareholders on record as of September 1, 2022. The annual dividend for 2022 is projected to be 92 cents per share, up from 88 cents in 2021, marking the 41st consecutive annual increase. This year also represents the 81st year of uninterrupted cash dividend payments, reflecting the company's strong commitment to returning value to shareholders.

Old Republic International Corporation (NYSE: ORI) announced a $450 million share repurchase program and a special one-time cash dividend of $1.00 per share, payable on September 15, 2022. Shareholders of record as of September 1, 2022 will benefit from this initiative, totaling approximately $760 million in returns. The share buyback may occur at management's discretion and is intended to enhance shareholder value. Old Republic has a strong history of dividend payments, having declared around $3.0 billion in cash dividends since December 2016.

Old Republic International Corporation (NYSE: ORI) reported a decline in net income for the second quarter of 2022, with a loss of $40.1 million compared to a profit of $316.4 million in the same period last year. Excluding investment gains, net income was $210.2 million, down 4.8%. The company's combined ratio was reported at 90.9%, consistent with strong underwriting in general insurance despite a decline in title insurance premiums. Shareholders' equity decreased to $6.39 billion, reflecting a 7.3% drop year-over-year, with book value per share at $20.99. Overall, the company continues to emphasize long-term financial strength.

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.