Old Republic Q4 EPS falls to $0.42 on investment losses; operating EPS up to $0.90
Old Republic International reported fourth-quarter 2024 diluted net income of $0.42 per share, down from $0.69 a year earlier, after $154.4 million in pretax investment losses. Excluding investment gains and losses, diluted operating income rose to $0.90 per share from $0.69, with net premiums and fees earned up 11.4% and the combined ratio improving to 92.7% from 93.3%, while the company also disclosed a special cash dividend of $2.00 per share.
Key points
- Q4 2024 diluted net income of $0.42 per share vs. $0.69 in Q4 2023; investment losses cost $0.48 per share
- Q4 2024 diluted net income excluding investment gains (losses) of $0.90 per share, up 30.4%
- Full-year 2024 diluted net income of $3.24 per share vs. $2.10 in 2023; full-year combined ratio of 93.9% vs. 92.6%
- Special cash dividend of $2.00 per share declared in Q4 and paid in January 2025; total capital returned in Q4 was $733 million
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 January 23, 2025.
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.