Old Republic International (US:ORI)2024-01-25 19:58Company Overview - Old Republic has a history dating back 100 years and has been listed on the NYSE since 1990[3] - The company has a track record of 82 years of uninterrupted cash dividends[3] - Since December 31, 2016, the company has allocated $42 billion to dividends and share repurchases[3] Financial Performance - Q4 2023 operating EPS was $069, a 14% decrease from $080 in Q4 2022[8] - Net premiums and fees earned in Q4 2023 were $174 billion, a 5% decrease[8] - Book value per share was $2331, representing a 153% increase from year-end 2022 when adding back dividends[8] - The combined ratio for Q4 2023 was 933, up 37 points from the previous year[8] Business Segments - General Insurance generated $47 billion in operating revenue in 2023[38] - Title Insurance generated $26 billion in operating revenue in 2023[12] - The Title Insurance segment's equity was $10 billion as of December 31, 2023, supporting $26 billion of revenue[20] Investment Portfolio & Capital - The investment portfolio is high-grade, with 99% investment grade fixed income[45] - Share repurchases amounted to $530 million in 2023[8, 42] - Subsidiary dividend capacity was $925 million in 2023[42]