OLD REPUBLIC DECLARES FIRST QUARTER REGULAR CASH DIVIDEND OF 31.5 CENTS PER SHARE [Accessibility Statement] Skip NavigationCHICAGO, Feb. 27, 2026 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 31.5 cents per share. This dividend is payable on March 19, 2026 to shareholders of record on March 09, 2026. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to ...

Great West Casualty Company has been a subsidiary of Old Republic International Corporation since 1985. Old Republic is a Fortune 500 holding company with subsidiaries dating back to 1887. Great West’s commercial auto, cargo, inland marine, and workers’ compensation policies are underwritten and issued by Old Republic Insurance Company. The name on the certificate says Great West. The money comes from Old Republic.Northland Insurance is a division of Travelers Companies, a Dow 30 component and one of the la ...

Group 1 - Old Republic International Corporation (NYSE:ORI) has experienced a decline in stock price following an earnings miss, but it is still considered a strong company with potential for recovery in future quarters [1] - The company provides insurance products, title insurance policies, and related financial indemnity and escrow services, indicating a diversified service offering within the insurance sector [2] - Despite the potential of ORI as an investment, there are suggestions that certain AI stocks may offer greater upside potential and carry less downside risk, highlighting a competitive landscape for investment opportunities [3]

Core Viewpoint - Old Republic International Corporation (NYSE: ORI) is facing challenges following its Q4 results, leading to a downgrade by Piper Sandler from Overweight to Neutral and a reduction in price target from $51 to $38 [2] Financial Performance - For Q4 2025, Old Republic reported consolidated pretax operating income of $236 million, a decrease from $285 million in the previous year [3] - The consolidated combined ratio worsened to 96% from 92.7% year-over-year [3] - Full-year pretax operating income reached $1 billion, with a consolidated combined ratio of 94.7% [3] - Premium and fee revenue for the quarter was $789 million, reflecting a 12% increase compared to the same period last year [4] Business Outlook - Piper Sandler expressed concerns about Old Republic's specialty underwriting business, particularly due to ongoing challenges related to commercial auto loss cost inflation [2] - The firm generally advises caution for investors in companies facing loss cost reserve or loss trend issues [2] - Despite the challenges, Old Republic's president highlighted a 22% increase in book value per share, attributing it to strong operating earnings, higher investment valuations, and disciplined capital management [3]

Financial Performance - Net investment income increased by 7.9% in the quarter, primarily due to higher bond portfolio yields, with an average reinvestment rate on corporate bonds at 4.6% compared to 4.2% from the previous year [1] - Net operating income for the quarter was $185 million, down from $227 million year-over-year, translating to $0.74 per share compared to $0.90 in the prior-year quarter [2] - Consolidated pre-tax operating income for the full year 2025 was reported at $1 billion, with a consolidated combined ratio of 94.7% [3] Segment Performance - In the fourth quarter, consolidated pre-tax operating income was $236 million, down from $285 million a year earlier, with a consolidated combined ratio of 96% compared to 92.7% in the prior-year quarter [4][5][8] - Title insurance segment reported premium and fee revenue of $789 million, up approximately 12% year-over-year, with pre-tax operating income of $66 million [6][20] - Specialty insurance saw net premiums earned grow by 8.3% in Q4 and 10.9% for the full year, but profitability declined with pre-tax income falling to $178 million and a combined ratio of 97.3% [7][11] Capital Management - The company returned over $1 billion in capital in 2025, including nearly $700 million in dividends and $56 million in share buybacks, with about $850 million remaining in the repurchase program [6][23] - Management anticipates recommending a regular dividend increase and plans to be opportunistic with share repurchases based on market conditions [25] Future Outlook - Looking ahead to 2026, the company expects net investment income growth to slow, emphasizing underwriting discipline and a focus on maintaining a combined ratio similar to 2025 levels [1][24] - The title business is projected to see commercial title activity improve by 15% to 20% from 2025 levels, while residential activity may see a single-digit increase [20]

Core Insights - The company reported a consolidated pretax operating income of $236 million for Q4 2025, down from $285 million in the previous year, with a combined ratio of 96% compared to 92.7% [3] - For the full year 2025, the consolidated pretax operating income reached $1 billion, with a combined ratio of 94.7% [3] - Specialty insurance net premiums earned grew by 10.9% for the full year, surpassing $5 billion for the first time, while the combined ratio for specialty insurance was 93.2% [2][3] - Title insurance reported a 12% increase in premium and fee revenue for Q4 2025, with a pretax operating income of $66 million, up from $55 million in the same quarter last year [15][18] Financial Performance - The company achieved a net operating income of $185 million for Q4 2025, down from $227 million year-over-year, with a per-share income of 74¢ compared to 90¢ [4] - The average reinvestment rate on corporate bonds was 4.6%, with a total bond portfolio book yield of 4.75% [4] - The company declared nearly $700 million in dividends and repurchased $56 million worth of shares, bringing total capital return for the year to just over $1 billion [6][7] Specialty Insurance Insights - Specialty insurance's pretax operating income for Q4 was $178 million, down from $228 million, with a combined ratio of 97.3% [2][8] - The loss ratio for specialty insurance was 67.6% for Q4, including 2.2 percentage points of favorable prior year loss reserve development [9] - The company noted strong rate increases in commercial auto and general liability, with net premiums written up 6.1% in Q4 [8][10] Title Insurance Insights - Title insurance's premium and fee revenue for Q4 was $789 million, marking a 12% increase from the previous year, with direct title operations premiums up 18% [15][16] - The combined ratio for title insurance improved to 94% in Q4, down from 94.4% [16][18] - The company plans to focus on technological solutions for title agents and operational efficiency in 2026 [18][19] Market Outlook - The company anticipates continued growth in specialty insurance, driven by new operating companies and a focus on underwriting excellence [13][19] - For 2026, the company expects commercial premiums to improve by about 20%, while residential premiums are projected to see single-digit growth [35] - The company remains committed to maintaining pricing discipline and managing loss trends effectively [24][46]

Overall Results - Old Republic International Corporation reported a net income of $206.3 million for Q4 2025, a significant increase from $105.1 million in Q4 2024 [2][3] - The net income excluding investment gains (net operating income) was $184.7 million, down 18.6% from $227.0 million in the previous year [2][3] - The combined ratio for the quarter was 96.0%, compared to 92.7% in the prior year, indicating a decline in underwriting profitability [2][3] Financial Performance - Consolidated net premiums and fees earned reached $2.1 billion, reflecting a 9.8% increase year-over-year [3][6] - Net investment income increased by 7.9% to $183.8 million, driven by higher investment yields and a larger asset base [3][11] - Total operating revenues for the quarter were $2.4 billion, up 9.5% from the previous year [6] Shareholder Returns - Total capital returned to shareholders was $742 million in Q4 2025, consisting of $686 million in dividends and $56 million in share repurchases [27] - The book value per share increased to $24.21, a 6.0% rise from $22.84 at the end of 2024 [2][27] Segment Performance - Specialty Insurance net premiums earned increased by 8.3% for Q4 and 10.9% for the full year, driven by premium rate increases and strong renewal retention [10][12] - Title Insurance segment saw net premiums and fees earned rise by 12.4% for the quarter and 9.1% for the full year, supported by lower interest rates and robust commercial business production [16][19] - Corporate & Other segment reported a decline in net premiums earned by 4.5% for Q4 and 35.6% for the full year, impacted by the sale of the RFIG Run-off business [21][22] Investment Portfolio - As of December 31, 2025, the investment portfolio was allocated approximately 85% to fixed income securities and short-term investments, and 15% to equity securities [24][25] - The investment management strategy focuses on maintaining quality investments that provide consistent income streams while minimizing exposure to high-risk assets [25]

Core Viewpoint - U.S. stock futures are showing positive movement, particularly with Nasdaq 100 futures increasing by approximately 1% on Friday, while Outlook Therapeutics Inc faces significant stock decline due to FDA's response on its biologics license application [1]. Company Specifics - Outlook Therapeutics Inc (NASDAQ:OTLK) experienced a sharp decline of 60.9%, dropping to $0.62 in pre-market trading after the FDA issued a complete response letter regarding its ONS-5010/LYTENAVA application for treating wet age-related macular degeneration, indicating that the application cannot be approved in its current form [2][1]. - Intelligent Bio Solutions Inc (NASDAQ:INBS) saw a decrease of 19.2%, falling to $7.70 in pre-market trading following the announcement of a $10 million private placement priced at-the-market under Nasdaq rules [3]. - Net Lease Office Properties (NYSE:NLOP) shares dipped by 8.9% to $23.50 in pre-market trading [3]. - Progressive Corp (NYSE:PGR) tumbled by 5.8% to $214.60 in pre-market trading [3]. - Old Republic International Corp (NYSE:ORI) slipped by 4.8% to $43.42 in pre-market trading [3]. - Cango Inc – ADR (NYSE:CANG) fell by 4% to $1.44 in pre-market trading [3]. - Xeris Biopharma Holdings Inc (NASDAQ:XERS) decreased by 3.6% to $7.57 in pre-market trading after a previous gain of over 7% on Wednesday [3]. - Biohaven Ltd (NYSE:BHVN) fell by 2.6% to $11.00 in pre-market trading [3]. - RealReal Inc (NASDAQ:REAL) slipped by 2.3% to $15.41 in pre-market trading [3].

Group 1 - Universal Insurance Holdings Inc reported a significant increase in net income, reaching $50 million, which represents a 25% year-over-year growth [1] - Tecnoglass Inc experienced a revenue growth of 15%, totaling $200 million for the last quarter, driven by increased demand in the construction sector [1] - Old Republic International Corp announced a dividend increase of 10%, reflecting strong financial performance and commitment to returning value to shareholders [1] Group 2 - The insurance industry is showing resilience with a projected growth rate of 5% annually, supported by favorable market conditions and regulatory changes [1] - The construction industry is expected to continue its upward trend, with a forecasted growth of 7% over the next two years, bolstered by infrastructure investments [1] - Overall market sentiment remains positive, with analysts predicting a stable economic environment that will benefit both the insurance and construction sectors [1]

Group 1 - Old Republic International Corporation (NYSE:ORI) is recognized as one of the 11 Best Low Priced Dividend Stocks to Buy according to analysts [1] - Piper Sandler has raised the price target for Old Republic to $51 from $46, maintaining an Overweight rating, citing the potential for stronger earnings as the housing market recovers [2] - The company announced a definitive agreement to acquire Everett Cash Mutual Insurance Co., which had $237 million in direct written premiums in 2024, indicating a strategic expansion in the farmowners and commercial agricultural market [3][4] Group 2 - Old Republic's President & CEO, Craig R. Smiddy, emphasized the strategic fit of ECM's expertise with ORI's portfolio, highlighting the potential for sustained profitable growth [4]