Old Republic Stock Price, News & Analysis

Old Republic International Corporation (NYSE: ORI) reported mixed financial results for Q3 and the first nine months of 2021. Pretax income decreased to $106 million from $307 million year-over-year, while net income fell to $89 million from $246 million. However, the company saw a strong increase in operating performance, with net income excluding investment gains rising by 32% in Q3. Net premiums and fees earned grew by 18.6% for the quarter and 21.7% for nine months. Book value per share improved to $20.96, highlighting ongoing long-term growth strategies.

Old Republic International Corporation (NYSE: ORI) is set to hold a conference call on October 28, 2021, at 3:00 p.m. Eastern time to discuss its third-quarter results. The call will be available on the company's website and via phone at 1-888-655-9638. A replay will be accessible until November 4, 2021. Old Republic, based in Chicago, is among the top 50 largest shareholder-owned insurance firms in the U.S. It prides itself on a long-standing cash dividend policy, with $0.88 per share, marking 40 years of increases.

Old Republic International Corporation (NYSE: ORI) announced the appointment of Veronica Romano as Senior Vice President, Underwriting & Distribution for Old Republic General Insurance Group, effective September 27, 2021. With 18 years at Zurich Insurance, Romano brings expertise in underwriting and distribution. CEO Craig Smiddy emphasized her leadership will enhance the team as the company aims for growth and profitability. Old Republic is a major player in the insurance industry, recognized for its solid dividend history with 40 consecutive years of increases at an annual rate of $0.88 per share.

Old Republic International Corporation (NYSE: ORI) declared a special cash dividend of $1.50 per share, payable on October 6, 2021, to shareholders on record as of September 15, 2021. This decision reflects a strong liquidity position, allowing fair distribution to shareholders. Since 2016, the company has distributed nearly $2.4 billion in dividends, maintaining a steady growth in shareholders' equity by approximately 52% during the same period.

Old Republic International Corporation (NYSE: ORI) announced a quarterly cash dividend of 22 cents per share, payable on September 15, 2021, to shareholders of record by September 1, 2021. This dividend rate signifies the 40th consecutive annual increase, bringing the total yearly dividend to 88 cents compared to 84 cents in 2020. Old Republic celebrates its 80th year of uninterrupted dividend payments, reflecting a commitment to shareholder returns.

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.