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]

Core Insights - Old Republic National Title Holding Company and Qualia Labs have formed a strategic partnership aimed at enhancing technology in the title industry, combining Old Republic's industry experience with Qualia's innovative solutions [1][2][3] Company Overview - Old Republic Title is one of the largest title insurance groups in the United States, with a history dating back to 1907 and a national network of over 270 branch and subsidiary offices, supported by approximately 8,000 independent title agents [4] - Qualia is a leading digital closing platform that simplifies real estate transactions for title, escrow, real estate, and mortgage lending professionals, providing a secure system of record and various integrated services [5] Partnership Details - The partnership will involve Qualia acquiring Old Republic Title's RamQuest and E-Closing platforms, which will enhance Qualia's title production capabilities and support Old Republic's direct division and agents [2] - The collaboration is expected to position Old Republic Title to leverage advancements in artificial intelligence and lead technological evolution in the title industry [3]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Old Republic International (ORI) - ORI currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3]. - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4]. Performance Metrics - Over the past week, ORI shares increased by 0.5%, outperforming the Zacks Insurance - Multi line industry, which rose by 0.21% [6]. - In the last quarter, ORI shares rose by 7.42%, and over the past year, they gained 32.79%, significantly outperforming the S&P 500's increases of 3.88% and 24.54%, respectively [7]. - The average 20-day trading volume for ORI is 1,120,953 shares, indicating a bullish trend when combined with rising stock prices [8]. Earnings Outlook - In the past two months, two earnings estimates for ORI have been revised upwards, increasing the consensus estimate from $3.08 to $3.18 [10]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [10]. Conclusion - Given the strong performance metrics and positive earnings outlook, ORI is positioned as a strong candidate for momentum investing, making it a noteworthy pick for investors [12].

Financial Data and Key Metrics Changes - The company reported its fourth quarter 2024 results, with a focus on financial performance metrics [2][3]. Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not provided in the available content [2][3]. Market Data and Key Metrics Changes - Information on market performance and key metrics was not included in the provided content [2][3]. Company Strategy and Development Direction and Industry Competition - The management team, including the President and CEO, will discuss strategic directions and competitive positioning during the call [3]. Management Comments on Operating Environment and Future Outlook - Management is expected to provide insights on the operating environment and future outlook during the conference call [3]. Other Important Information - The call may involve forward-looking statements, and risks associated with these statements can be found in the company's latest SEC filings [3]. Q&A Session Summary Question: General inquiries about the company's performance - The Q&A session will follow the management's opening remarks, allowing participants to ask questions regarding the company's performance and outlook [3].

MANAGING OLD REPUBLIC FOR THE LONG RUN Investor Presentation Non-GAAP Financial Measures 4th Quarter 2024 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," "estimate," "anticipate," "predict" and similar expressions, and the negatives thereof, often identify forward-looking statements, which are not limited ...

Financial Performance - Fourth quarter net income of $105.1 million, down from $190.6 million in the same quarter last year, resulting in a diluted net income per share of $0.42 compared to $0.69[5][3] - Consolidated pretax operating income for the fourth quarter was $285.0 million, a 20.2% increase from $237.1 million in the previous year[2][5] - Total capital returned to shareholders was $733 million in the fourth quarter and $1,708 million for the full year[5] - The consolidated net income excluding investment gains for 2024 was $227.0 million, reflecting a 19.2% increase compared to $190.4 million in 2023[11] - The total consolidated income for 2024 was $7,310.8 million, a 9.0% increase from $6,707.7 million in 2023[11] Premiums and Fees - Net premiums and fees earned increased by 11.4% in the fourth quarter to $1,941.5 million, and by 9.0% for the full year to $7,310.8 million[5][8] - Specialty Insurance net premiums earned increased by 13.3% for Q4 2024 and 13.5% for the full year, reaching $1,237.2 million and $4,677.0 million respectively, driven by premium rate increases and high renewal retention ratios[14] - Title Insurance net premiums and fees earned increased by 8.7% for the quarter and 2.2% for the full year, with commercial premiums representing approximately 23% of net premiums earned in Q4 2024 compared to 21% in 2023[18] Investment Income - Net investment income rose by 9.8% in the fourth quarter to $170.3 million, and by 16.4% for the full year to $673.1 million[5][8] - The net investment income for the full year increased by 16.4% to $673.1 million, up from $578.3 million in 2023, primarily due to higher investment yields[11][15] - Net investment income rose to $16.0 million in Q4 2024, reflecting a 7.5% increase from $14.9 million in Q4 2023, and a full year increase of 10.8% to $63.2 million[18] Ratios and Performance Metrics - The consolidated combined ratio improved to 92.7% in the fourth quarter from 93.3% last year, while the full year ratio was 93.9%, slightly up from 92.6%[5][2] - The consolidated combined ratio improved to 92.7% for Q4 2024, down from 93.3% in Q4 2023, indicating better underwriting performance[11] - The loss ratio for Specialty Insurance improved to 64.1% for the full year 2024, compared to 65.1% in 2023, reflecting favorable prior year loss reserve development[14][16] - The expense ratio for Specialty Insurance was 27.7% for Q4 2024, slightly up from 26.9% in Q4 2023, reflecting costs incurred to start-up new underwriting subsidiaries[14][16] - The loss ratio for the current year improved to 3.3% in Q4 2024, compared to 3.4% in Q4 2023, indicating favorable claim trends[19] Shareholder Returns - Cash dividends declared on common stock increased to $2.265 per share in the fourth quarter from $0.245 last year[8] - Shareholders' equity per share decreased to $22.84 in Q4 2024, down 11.2% from $25.71 in Q4 2023, influenced by a special cash dividend of $2.00 per share[28] - Total capital returned to shareholders during the quarter was $733 million, comprising $558 million in dividends and $174 million in share repurchases[28] Segment Performance - The Specialty Insurance segment pretax operating income rose by 17.0% to $228.0 million for Q4 2024, compared to $194.8 million in Q4 2023[14] - Operating revenues for the Title Insurance segment reached $717.8 million in Q4 2024, an 8.7% increase from $660.5 million in Q4 2023, and $2,682.9 million for the full year, up 2.4% from $2,620.6 million[18] - Segment pretax operating income increased by 26.3% to $55.4 million in Q4 2024, and by 7.9% to $144.1 million for the full year[18] Market and Economic Factors - The company experienced a decline in transactional risk premiums, which produced $19.4 million of net premiums earned in 2024, due to market conditions[14] - Title Insurance results are affected by national and regional housing demand, mortgage loan availability, and employment trends[35] - Life and accident insurance earnings are impacted by employment levels, consumer spending, and health trends[35] Risk Management and Forward-Looking Statements - The company has a risk management framework that includes various risks outlined in its 2023 Form 10-K[36] - Forward-looking statements made by the company involve assumptions and uncertainties that may affect future performance[35] - Old Republic does not undertake any obligation to publicly update or revise forward-looking statements[37] Corporate Information - The company renamed its reportable segment from "General Insurance" to "Specialty Insurance" to better reflect its niche market strategy[10] - Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses and ranks third in the title insurance industry[32] - The company has scheduled a conference call to discuss its fourth quarter 2024 performance and major operating trends[33] - The long-term nature of the insurance business and various external factors can significantly impact future operating results[34]

Financial Performance - Old Republic International (ORI) reported revenue of $2.16 billion for the quarter ended December 2024, reflecting an 11.1% increase year-over-year [1] - Earnings per share (EPS) were $0.90, up from $0.69 in the same quarter last year, indicating a significant improvement [1] - The reported revenue exceeded the Zacks Consensus Estimate of $2.11 billion by 2.03%, while the EPS surpassed the consensus estimate of $0.67 by 34.33% [1] Key Metrics - General Insurance Segment reported a loss ratio of 64.1%, better than the average estimate of 66.2% [4] - The expense ratio for the General Insurance Segment was 27.7%, compared to the estimated 28.2% [4] - Title Insurance Segment's combined ratio was 94.4%, significantly lower than the average estimate of 98% [4] Revenue Breakdown - General Insurance Segment net premiums earned were $1.24 billion, exceeding the average estimate of $1.22 billion, representing a 13.6% year-over-year increase [4] - General Insurance Segment net investment income was $142.50 million, slightly above the average estimate of $141.65 million, with a year-over-year change of 14.4% [4] - Title Insurance Segment operating revenue was $717.80 million, surpassing the average estimate of $687.37 million, reflecting an 8.7% increase year-over-year [4]