Headquartered in Chicago, IL Fiscal year ends December NYSE: ORI oldrepublic.com
Old Republic International Corporation is a specialty insurance holding company that operates diversified property & casualty and title insurance businesses across the United States and Canada. Founded in 1923 and a member of the Fortune 500, the company operates through two principal segments: Specialty Insurance, which underwrites commercial auto, workers' compensation, general liability, property, accident & health, financial indemnity, and auto warranty coverages; and Title Insurance, which provides title search, examination, and insurance services for residential and commercial real estate transactions through both direct and agency distribution channels. The company also maintains a small life and accident insurance business within its Corporate & Other segment. Old Republic's investment portfolio is conservatively managed with approximately 86% allocated to fixed income securities and short-term investments and 14% to equity securities, with minimal exposure to illiquid or high-risk asset classes. Updated
Underwriting, not demand, is what sank the quarter: the combined ratio slipped to 96.1% from 95.3% a year ago, and earnings missed expectations even as revenue topped consensus. A $20 million credit loss in the Specialty guaranteed asset protection book plus thinner prior-year reserve releases did the damage. The dividend still rose 8.6%.
Wall Street's most popular income screens keep recycling the same mega-cap names, but five overlooked companies quietly pay yields that stretch from 3.7% to nearly 9% while sitting outside the radar of…
Old Republic International Corporation is a specialty insurance holding company that operates diversified property & casualty and title insurance businesses across the United States and Canada.
24/7 Wall St.'s 12-month price target for ORI is $46.95, rated Buy. The Wall Street consensus target is $43.50. ORI price prediction →
