Old Republic Q2 net income rises to $322.3 million; operating income falls 11.1%
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.
Key points
- 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
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 23, 2026.
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.