Old Republic Q3 net income rises to $338.9 million; operating EPS slips to $0.71
Old Republic International reported third-quarter 2024 net income of $338.9 million, up from $52.6 million a year earlier, largely due to investment gains. Excluding investment gains and losses, net income fell 8.7% to $182.7 million, and the combined ratio rose to 95.0% from 91.9%, so shareholders see higher reported profit but weaker underlying operating results.
Key points
- Diluted net income per share was $1.32, versus $0.19 in the third quarter of 2023.
- Diluted net income excluding investment gains and losses was $0.71, versus $0.72 a year earlier.
- Total operating revenues rose 10.1% to $2,144.0 million, and the combined ratio was 95.0%, up from 91.9%.
- Capital returned to shareholders in the quarter totaled $232 million, including $165 million in share repurchases.
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 October 24, 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.