Old Republic International Corporation (NYSE:ORI) Q1 2025 Earnings Conference Call April 24, 2025 3:00 PM ET Company Participants Joe Calabrese - IR Craig Smiddy - President and CEO Francis Sodaro - CFO Carolyn Monroe - President and CEO, Old Republic National Title Holding Company Conference Call Participants Greg Peters - Raymond James Matt Carletti - Citizens Paul Newsome - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator toda ...

NEWS RELEASE OLD REPUBLIC REPORTS RESULTS FOR THE FIRST QUARTER 2025 Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated. CHICAGO – April 24, 2025 – Old Republic International Corporation (NYSE: ORI) today reported the following results for the first quarter 2025: OVERALL RESULTS | | | | | Quarters Ended March 31, | | | --- | --- | --- | --- | --- | --- | | | 2025 | | | 2024 | % Change | | Net income | | $ 245.0 | $ | 316.7 | | | Net of tax investment gains ...

MANAGING OLD REPUBLIC FOR THE LONG RUN Investor Presentation 1st Quarter 2025 OLD REPUBLIC Preliminary Matters Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "expect," "predict," "estimate," "will," "should," "anticipate," "believe," and similar expressions, and the negatives thereof, often identify forward-looking statements, which are not limit ...

Old Republic International (ORI) reported $2.06 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 11.4%. EPS of $0.81 for the same period compares to $0.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.03 billion, representing a surprise of +1.20%. The company delivered an EPS surprise of +10.96%, with the consensus EPS estimate being $0.73.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Old Republic International (ORI) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.96%. A quarter ago, it was expected that this insurance underwriter would post earnings of $0.67 per share when it actually produced earnings of $0.90, delivering a surprise of 34.33%.Over the last fou ...

CHICAGO, April 10, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2025 before the market opens on Thursday, April 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-596-4144, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 40 ...

Shares of Old Republic International Corporation (ORI) closed at $39.62 on Tuesday, near its 52-week high of $39.84. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $37.16 and $35.38, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Earnings of Old Republic Interna ...

Core Insights - Albert Anthony is a Croatian-American media personality active on investor platforms, focusing on markets and stocks, with a growing follower base of over 1,000 since 2023 [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing article series on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in a top-10 financial firm's IT department [1] Company Overview - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, focusing on general market commentary rather than personalized financial advice [1] - The company does not sell or market financial products and services, nor does it receive compensation for ratings [1] Investment Focus - Albert Anthony has launched the Future Investor Fund, which aims to build a dividend portfolio [1] - The company emphasizes the importance of due diligence for investors, indicating that all investments carry risk [1]

Dividend Announcement - Old Republic International Corporation declared a regular quarterly cash dividend of 29 cents per share, payable on March 20, 2025, to shareholders of record on March 10, 2025 [1] - The full year's cash dividend for 2025 will amount to $1.16 per share, representing a 9.4% increase from the $1.06 per share paid in 2024 [1] Dividend History - 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend [2] - The company has maintained uninterrupted regular cash dividend payments for 84 years [2] Company Overview - Old Republic is a leading specialty insurer operating diverse property & casualty and title insurance companies [3] - Founded in 1923, the company is a member of the Fortune 500 and excels in underwriting and risk management services across the United States and Canada [3] - The specialized operating companies within Old Republic provide tailored solutions that distinguish the company in the market [3]

Financial Performance - Specialty Insurance segment revenues increased to $5,400.6 million in 2024, up 13.8% from $4,744.3 million in 2023[14] - Title Insurance segment revenues slightly rose to $2,682.9 million in 2024, compared to $2,620.6 million in 2023[14] - Consolidated pretax income reached $1,069.7 million in 2024, a significant increase of 43.1% from $747.4 million in 2023[14] - Consolidated net income for the year ended December 31, 2024, was $852.7 million, up from $598.6 million in 2023, representing a 42.3% increase[170] - Net income per diluted share increased to $3.24 in 2024 from $2.10 in 2023, reflecting a 54.0% rise[171] - Consolidated net premiums and fees earned increased by 9.0% year-over-year[174] - Total operating revenues for 2024 increased by 9.6% to $8,161.6 million compared to $7,449.3 million in 2023[177] - Total capital returned to shareholders amounted to $1.708 billion[174] Insurance Segment Performance - The combined ratio for Specialty Insurance improved to 92.2% in 2024 from 90.2% in 2023, indicating better underwriting performance[18] - Specialty Insurance net premiums earned increased by 13.5% in 2024, driven by premium rate increases, high renewal retention ratios, and new business production[35] - Title Insurance net premiums and fees earned increased by 2.2% in 2024, while net premiums and fees earned decreased by 33.2% in 2023 due to a drop in mortgage originations[64] - The combined ratio for Title Insurance improved slightly to 97.0% in 2024 from 97.1% in 2023, reflecting favorable claim trends and expense management[185] - The loss ratio for Specialty Insurance was 64.1% in 2024, compared to 62.0% in 2023, reflecting increased claims costs[18] - The loss ratio for current year claims in Title Insurance improved to 3.4% in 2024, compared to 3.7% in 2023, indicating better claim performance[186] Investment and Capital Management - The Company invests primarily in investment grade, publicly traded fixed income securities and large capitalization equity securities, avoiding high-risk asset classes[79] - As of December 31, 2024, the consolidated investment portfolio allocation was approximately 84% in fixed income and short-term investments, and 16% in equity securities, with net investment income reported at $673.1 million for 2024, up from $578.3 million in 2023 and $459.5 million in 2022[97] - Net investment income rose by 16.4% compared to the previous year[174] - The investment portfolio allocation as of December 31, 2024, was approximately 84% in fixed income securities and 16% in equity securities, focusing on quality investments[191] Risk Management - The Company emphasizes disciplined risk selection and diversification to manage underwriting risks effectively[12] - The Company faces significant credit risk with counterparties, including potential defaults that could adversely affect profitability and liquidity, particularly with financial institutions and reinsurers[100][101] - The Company is exposed to risks associated with technological advancements and cybersecurity threats, which could disrupt operations and result in financial losses[105][106] - The establishment of loss reserves is influenced by various factors, including past experience, legal changes, and economic conditions, making it a complex process[45] Regulatory and Compliance - The Company is subject to evolving U.S. privacy and cybersecurity laws, which impose obligations on the handling of personal information[87] - The Company’s operations are heavily regulated, and failure to comply with regulations could result in penalties that adversely affect business objectives and financial condition[117] - The Company must comply with evolving laws and regulations related to AI and technology, which could lead to legal liabilities and reputational harm if not managed properly[110] Shareholder Returns - Cash dividends declared on common stock increased to $3.06 in 2024, up from $0.98 in 2023[177] - Dividends declared by the Company's subsidiaries to the holding company amounted to $645.7 million in 2024, $673.3 million in 2023, and $614.6 million in 2022, with future dividend payments subject to regulatory approval and financial performance[103] - Total capital returned to shareholders in 2024 was $1,708 million, consisting of $766 million in dividends and $942 million in share repurchases[195] Market and Competitive Landscape - The competitive landscape in the insurance industry is intensifying, with competition from larger companies and Insurtech firms potentially impacting premium revenues and market share[112] - The company’s title insurance business is closely related to real estate market activity, which is affected by financing availability and socio-economic factors[63] - The Title Insurance segment's profitability may be adversely affected by deteriorations in the real estate market and regulatory conditions in Florida[137]