Old Republic net income rises to $204.4 million in second quarter
Old Republic International reported second-quarter 2025 net income of $204.4 million, up from $91.8 million a year earlier, and net operating income per diluted share of $0.83, up 9.2% from $0.76. Total operating revenues rose 10.1% to $2.2 billion, while the consolidated combined ratio was 93.6%, close to 93.5% a year earlier. Book value per share reached $25.14, up 12.6% since year-end 2024 including dividends declared, which is the measure the company highlights for shareholders.
Key points
- Net income was $204.4 million for the quarter, compared with $91.8 million a year earlier.
- Net operating income per diluted share was $0.83, compared with $0.76, an increase of 9.2%.
- Net premiums and fees earned rose 11.0% to $1,994.6 million; Specialty Insurance premiums grew 14.6%.
- Book value per share was $25.14 at June 30, 2025, up 12.6% since year-end 2024 including dividends declared.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing 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 July 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.