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]

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 ...

MANAGING OLD REPUBLIC FOR THE LONG RUN Investor Presentation 2nd 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 to historical facts. Forwar ...

A more detailed listing and discussion of the risks and other factors which affect the Company's risk-taking insurance business are included in Part I, Item 1A - Risk Factors, of the Company's 2023 Form 10-K, and the various risks, uncertainties, and other factors that are included from time to time in other Securities and Exchange Commission filings. 2 Together, these factors produced highly profitable combined ratios and strong pretax operating income for the quarter. For General Insurance, we target comb ...

This quarterly report represents an earnings surprise of 24.59%. A quarter ago, it was expected that this insurance underwriter would post earnings of $0.66 per share when it actually produced earnings of $0.67, delivering a surprise of 1.52%. Old Republic, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $2.01 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $1.83 billion. The company has topped co ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Revenues are expected to be $1.92 billion, up 4.9% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. The Zacks Earnings ESP c ...

Old Republic International Corporation's (ORI) solid market presence, niche focus, low property catastrophe exposure in its General Insurance segment and strong capital position make it worth adding to one's portfolio. The Zacks Consensus Estimate for Old Republic's 2024 earnings per share indicates a year-over-year increase of 3.8%. The consensus estimate for revenues is pegged at $7.96 billion, implying a year-over-year improvement of 6.8%. Earnings Surprise History ORI currently carries a Zacks Rank #2 ( ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, ...

Analysts don't randomly choose which stocks to cover. Their decision is typically driven by significant investor interest or promising prospects associated with a particular stock. An interesting observation is that when stocks receive new analyst coverage, they often experience gradual upward price movements compared to those already covered by analysts. The magnitude of this price movement is influenced by the recommendations made by the new analysts. Positive recommendations like "Buy" and "Strong Buy" t ...