Old Republic International (NYSE:ORI) Releases Earnings Results

Old Republic International (NYSE:ORI) announced its quarterly earnings results on Thursday. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02), Zacks reports. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

Here are the key takeaways from Old Republic International’s conference call:

• Old Republic reported second-quarter pre-tax operating income of $238 million and net operating income of $186 million, with consolidated book value per share up 7.2% year to date including dividends.
• Specialty insurance saw softer profitability, with a 95.5% combined ratio versus 90.7% a year ago, as the runoff transactional risk business experienced poor claims and triggered $40 million of reserve strengthening.
• Title insurance delivered a strong quarter, with premium and fee revenue up 11% and pre-tax operating income rising to $56 million from $24 million, helped by improved residential activity and strong commercial business.
• Management said it is continuing to invest in technology, data analytics, and AI, which lifted the expense ratio in specialty but is expected to improve pricing, claims management, and long-term operating efficiency.
• The company expects the ECM acquisition to be accretive to earnings and book value this year, and management also sees continued upside from share repurchases while retaining flexibility for a potential special dividend later in the year.

Old Republic International Stock Down 1.1%

ORI stock opened at $40.87 on Friday. The stock has a market capitalization of $9.92 billion, a PE ratio of 11.07 and a beta of 0.58. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. Old Republic International has a 52 week low of $35.60 and a 52 week high of $46.76. The firm has a 50 day moving average of $39.81 and a 200 day moving average of $40.53.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.1%. Old Republic International’s dividend payout ratio is presently 33.78%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ORI shares. Weiss Ratings restated a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a research note on Monday, April 27th. Piper Sandler increased their target price on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Old Republic International has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Old Republic International News Roundup

Here are the key news stories impacting Old Republic International this week:

• Positive Sentiment: Old Republic reported second-quarter revenue of $2.50 billion, topping Wall Street estimates and rising 5.2% year over year, while net income increased to $322.3 million from $204.4 million last year. OLD REPUBLIC REPORTS RESULTS FOR THE SECOND QUARTER AND FIRST HALF 2026
• Positive Sentiment: Management said it expects ECM to run at a 90% to 95% combined ratio, suggesting more stable underwriting performance ahead, and flagged a bargain purchase gain that could help next quarter’s results. Old Republic expects ECM to run at a 90%-95% combined ratio, as it flags a bargain purchase gain next quarter
• Neutral Sentiment: Earnings-call materials and transcript highlighted operational details from the quarter, including net operating income of $186.0 million versus $209.2 million a year ago, giving investors more context on the mixed earnings picture. Old Republic International Corporation (ORI) Q2 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted EPS came in at $0.76, missing the consensus estimate of about $0.77 to $0.78 and down from $0.81 a year earlier, which could weigh on the shares. Old Republic: Q2 Earnings Snapshot

Insider Activity

In other news, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at $1,250,436.36. The trade was a 29.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in Old Republic International in the 3rd quarter worth about $27,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Old Republic International during the 2nd quarter worth $46,000. Mcguire Capital Advisors Inc. purchased a new stake in Old Republic International in the 4th quarter valued at about $46,000. Finally, Danske Bank A S acquired a new position in Old Republic International in the third quarter valued at about $51,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.