Oct 22, 8:49 AM ET
Old Republic reported third quarter 2026 net income of $243.2 million, down from $279.5 million a year earlier, and net operating income of $181.4 million, down 7.8% from $196.7 million. Net premiums and fees earned rose to nearly $2.3 billion, but the combined ratio worsened to 96.1% from 95.3%, and net income was supported by a $124.9 million bargain purchase gain from the ECM Insurance Group acquisition.
- Net operating income of $181.4 million, or $0.73 per diluted share, versus $196.7 million, or $0.78, a year earlier.
- Net income of $243.2 million included a $124.9 million bargain purchase gain and $63.2 million in net realized investment losses.
- Net premiums and fees earned were nearly $2.3 billion versus nearly $2.1 billion; combined ratio was 96.1% versus 95.3%.
- Total capital returned to shareholders was $190.2 million, including $113.8 million in share repurchases; book value per share was $24.65.
Read the filing on SEC.gov ↗
Jul 23, 8:10 AM ET
Old Republic reported second-quarter 2026 net income of $322.3 million, up from $204.4 million a year earlier, largely due to investment gains. Net income excluding investment gains fell 11.1% to $186.0 million, and net operating income per diluted share declined to $0.76 from $0.83, while net premiums and fees earned rose 5.2% to nearly $2.1 billion.
- Net income $322.3 million vs. $204.4 million; net of tax investment gains were $136.2 million vs. a $4.7 million loss
- Net operating income $186.0 million vs. $209.2 million; diluted per-share figure $0.76 vs. $0.83
- Consolidated combined ratio 95.3% vs. 93.6%; book value per share $25.33, up 7.2% including dividends since year-end 2025
- Acquisition of Everett Cash Mutual Insurance Co. closed July 1, 2026; company expects a gain of approximately $125 million
Read the filing on SEC.gov ↗
May 18, 4:14 PM ET
Old Republic International priced a registered underwritten offering of $700 million in 5.700% senior notes due June 1, 2036, on May 13, 2026. The company issued the notes under an indenture with Wilmington Trust Company as trustee, adding $700 million of direct debt to its obligations.
- Principal amount of $700 million; interest of 5.700% paid semi-annually on June 1 and December 1, starting December 1, 2026
- Notes mature June 1, 2036; redeemable at any time before March 1, 2036 at the greater of par or a Treasury-based make-whole price plus 20 basis points
- Underwriters are Morgan Stanley & Co. LLC and PNC Capital Markets LLC; trustee is Wilmington Trust Company
Read the filing on SEC.gov ↗
Apr 23, 8:03 AM ET
Old Republic International reported first-quarter 2026 net income of $330.0 million, up from $245.0 million a year earlier, helped by $201.8 million of investment gains. Excluding investment gains, net operating income fell 15.4% to $170.5 million, and the combined ratio worsened to 96.6% from 93.7%, which matters to shareholders because the insurance operations earned less.
- Net operating income per diluted share was $0.68, compared with $0.81 a year earlier.
- Net investment gains were $201.8 million, compared with $55.0 million a year earlier.
- Specialty Insurance combined ratio rose to 94.8% from 89.8%, with less favorable prior year reserve development.
- Total capital returned to shareholders was $237.5 million, including $160.7 million in share repurchases.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
