NEWS RELEASE At Old Republic: At Financial Relations Board: Craig R. Smiddy, President and CEO Analysts/Investors: Joe Calabrese 212/827-3772 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------|---------|--------------|-------|-----------------------------------------------|------------------------------|-------|---------------------|-------|------------------------------------------------------|-----------------| | OLD REPUBLIC REPORTS OV ...

Company Performance - Old Republic International (ORI) reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, and up from $0.72 per share a year ago, representing an earnings surprise of 88.57% [1] - The company posted revenues of $2.14 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.82%, and an increase from $1.95 billion year-over-year [1] - Over the last four quarters, Old Republic has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Performance - Old Republic shares have increased by approximately 21.7% since the beginning of the year, compared to the S&P 500's gain of 21.5% [2] - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $2.06 billion, and for the current fiscal year, it is $2.83 on revenues of $7.99 billion [4] Industry Outlook - The Insurance - Multi line industry, to which Old Republic belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook [5] - Corebridge Financial (CRBG), another company in the same industry, is expected to report quarterly earnings of $1.17 per share, reflecting a year-over-year change of +11.4%, with revenues anticipated to be $5.72 billion, up 40.2% from the previous year [5]

CHICAGO, Oct. 24, 2024 /PRNewswire/ --OVERALL RESULTS Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Pretax income $   426.9 $     63.9 $   939.0 <td colspan="1" nowrap rowspan="1" height ...

Wall Street analysts expect Old Republic International (ORI) to post quarterly earnings of $0.70 per share in its upcoming report, which indicates a year-over-year decline of 2.8%. Revenues are expected to be $2.07 billion, up 6.1% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company' ...

CHICAGO, Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 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 800-715-9871, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4 ...

Old Republic International Corporation (ORI) closed at $35.33 on Wednesday, near its 52-week high of $36.09. 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 average (SMA) of $34.75 and $31.15, 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 grew 10.3% in t ...

Old Republic International Corporation's (ORI) shares have rallied 32.9% over the past year compared with the industry's growth of 28.7%. The Finance sector and the Zacks S&P 500 composite have returned 29.3% and 25.3%, respectively, in the same time frame. With a market capitalization of $9.24 billion, the average volume of shares traded in the last three months was 1.21 million. ORI Outperforms Industry, Sector, S&P 500 Image Source: Zacks Investment Research The rally was largely driven by solid market p ...

Company Overview - Old Republic International (NYSE: ORI) is a prominent member of the "Dividend Insurance Champion" club, recognized as the third-largest title insurer in the U.S. and also providing commercial insurance coverages [1][4] - The company has a strong market position, holding a 15.2% share in the title insurance market, following Fidelity National and First American [5][4] Financial Performance - In Q2 2024, Old Republic reported a post-tax income of $91.8 million, a year-over-year decrease of 41%, while year-to-date post-tax income increased from $355.4 million to $408.6 million [3][2] - The underwriting profit for the insurance segment in the first half of 2024 was $16.9 million, with a combined ratio of 98.6% and premium volume of approximately $1.2 billion [7][9] - The commercial insurance segment experienced double-digit growth (approximately 15%) despite a lower underwriting margin compared to the previous year [17][10] Market Dynamics - The title insurance market is primarily controlled by independent title agents, leading to high commission rates and an expense ratio around 90% [6] - The insurance portfolio is heavily weighted towards commercial auto and workers' compensation coverages, which together accounted for 60% of FY2023 earned premiums [11][12] Dividend and Shareholder Returns - Old Republic has a long-standing history of paying uninterrupted cash dividends since 1942, with a record of increasing annual cash dividends for the past 43 years [19][21] - In Q2 2024, the company returned approximately $479 million to shareholders, including $69 million in dividends and $410 million in share repurchases [21][22] Debt and Valuation - As of the first half of 2024, the company's mark-to-market debt was nearly $2.0 billion, reflecting a $500 million increase from December 2023 [23] - The intrinsic value of Old Republic is estimated to be between $25.90 and $28 per share, based on a book value per share of $23.59 and projected FY2024 earnings of around $0.8 billion [27][26] Strategic Outlook - The company is focused on driving growth and profitability in the general insurance business while being aware of potential headwinds in the real estate sector that may impact profitability [28][10] - Management aims to maintain steady underwriting performance to support gradual dividend increases and book value growth [28][2]

Core Insights - InsureMyTrip has launched the TIPS Youth Premier Plan, specifically designed for travelers up to age 29, underwritten by Old Republic Insurance Company of Canada [1][6] - The plan aims to provide extensive benefits at competitive prices, catering to the needs of young travelers [2][6] Coverage Details - The plan includes comprehensive coverage such as trip cancellation, trip interruption, emergency medical/evacuation, baggage loss/delay, and travel delay benefits [3][5] - It offers high coverage limits, insuring trip costs up to $25,000 per person, with a maximum of two travelers [3] - Emergency medical coverage is available up to $1 million for medical expenses and emergency evacuation [4] Pre-Existing Conditions and Travel Disruption - A stability period of 60 days prior to the effective date applies for pre-existing conditions, with a 180-day period for trips over $15,000 [4] - Travel disruption coverage includes trip cancellation/interruption for common issues like carrier delays and weather-related cancellations [5] Additional Services - The plan provides baggage loss coverage, including passport/travel visa replacement, and comprehensive travel assistance services [5] - InsureMyTrip emphasizes its commitment to offering tailored insurance options that meet the diverse needs of Canadian travelers [6]

TORONTO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- InsureMyTrip, Canada's rapidly growing travel insurance comparison website, is excited to announce the launch of TIPS Youth Premier Plan underwritten by Old Republic Insurance Company of Canada, a plan tailored specifically for travellers up to age 29. The AllInclusive plan offers extensive benefits at a competitive price, ensuring young travellers are well-protected during their adventures. This launch supports InsureMyTrip.ca's dedication to providing an extensiv ...