Old Republic Q3 net income falls to $243.2 million; operating income down 7.8%

Old Republic reported third quarter 2026 net income of $243.2 million, down from $279.5 million a year earlier, and net operating income of $181.4 million, down 7.8% from $196.7 million. Net premiums and fees earned rose to nearly $2.3 billion, but the combined ratio worsened to 96.1% from 95.3%, and net income was supported by a $124.9 million bargain purchase gain from the ECM Insurance Group acquisition.

Key points

• Net operating income of $181.4 million, or $0.73 per diluted share, versus $196.7 million, or $0.78, a year earlier.
• Net income of $243.2 million included a $124.9 million bargain purchase gain and $63.2 million in net realized investment losses.
• Net premiums and fees earned were nearly $2.3 billion versus nearly $2.1 billion; combined ratio was 96.1% versus 95.3%.
• Total capital returned to shareholders was $190.2 million, including $113.8 million in share repurchases; book value per share was $24.65.

The filing

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.