Old Republic Q1 pretax operating income up 3.9% to $231.5 million; EPS $1.15
Old Republic International reported first-quarter 2024 results, with diluted net income of $1.15 per share, up from $0.68 a year earlier, and diluted net income excluding investment gains of $0.67 per share, up 9.8%. General Insurance pretax operating income rose 14.1%, while Title Insurance pretax operating income fell to $2.3 million from $17.4 million, and the combined ratio rose to 94.3% from 92.7%.
Key points
- Diluted net income of $1.15 per share versus $0.68 a year earlier; excluding investment gains, $0.67 per share, up 9.8%
- Net premiums and fees earned of $1,642.7 million, up 5.6%; General Insurance up 13.1%, Title Insurance down 6.5%
- Title Insurance pretax operating income of $2.3 million versus $17.4 million; combined ratio 102.5% versus 99.3%
- Capital returned to shareholders of $264 million in the quarter, including $193 million in share repurchases, plus $146 million more in repurchases after quarter end
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.
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.