The earnings call highlights strong performance in Specialty Insurance and overall growth in investment income and net operating income. However, the Title Insurance segment faces challenges due to market conditions and legal expenses, and the company is cautious about entering the cyber insurance market. The strong growth and profitability in key segments are slightly offset by challenges in Title Insurance.

Company Guidance

During the second quarter of 2025, Old Republic International reported a consolidated pretax operating income of $267.5 million, up from $253.8 million in the same period last year. The consolidated combined ratio slightly increased to 93.6 from 93.5 a year ago. Specialty Insurance saw a 14.6% increase in net premiums earned and a pretax operating income rise to $253.7 million from $202.5 million last year, with a combined ratio improvement to 90.7 from 92.4. In the Title Insurance segment, despite higher mortgage rates and a slow real estate market, premiums and fees grew by 5.2%, although pretax operating income dropped to $24.2 million from $46 million, with a combined ratio increase to 99 from 95.4. The company reported net operating income of $209 million for the quarter, a 9% year-over-year increase, and a book value per share of $25.14, up 12.6% due to strong operating earnings and higher investment valuations. The company's balance sheet remains robust, with continued investment in new specialty underwriting subsidiaries, technology, and talent.

Consolidated Pretax Operating Income Growth

Old Republic International produced $267.5 million of consolidated pretax operating income, up from $253.8 million in the second quarter of '24.

Specialty Insurance Segment Performance

Net premiums earned by Specialty Insurance grew by 14.6% in the second quarter, with a pretax operating income of $253.7 million, up from $202.5 million last year. The combined ratio improved to 90.7 from 92.4.

Increase in Net Operating Income

Net operating income was $209 million for the quarter compared to $202 million last year, with a 9% increase in per-share basis.

Investment Income Growth

Net investment income increased by 2.4% due to higher yields on the bond portfolio, with an average reinvestment rate of 5% compared to 4% previously.

Healthy Book Value Increase

Book value per share increased by 12.6% to $25.14, driven by strong operating earnings and higher investment valuations.

Strong Renewal Retention in Specialty Insurance

Renewal retentions across Specialty Insurance lines remain above 85%, attributed to strong service and long-term commitments.

Expansion and Growth in Auto Warranty Segment

The auto warranty segment experienced growth due to several new key partnerships.

Old Republic International (ORI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ORI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.76 / -	0.71	―	―	―
Jul 24, 2025	2025 (Q2)	0.81 / 0.83	0.76	9.21% (+0.07)
Apr 24, 2025	2025 (Q1)	0.74 / 0.81	0.67	20.90% (+0.14)
Jan 23, 2025	2024 (Q4)	0.70 / 0.90	0.69	30.43% (+0.21)
Oct 24, 2024	2024 (Q3)	0.73 / 0.71	0.72	-1.39% (-0.01)
Jul 25, 2024	2024 (Q2)	0.64 / 0.76	0.62	22.58% (+0.14)
Apr 25, 2024	2024 (Q1)	0.65 / 0.67	0.61	9.84% (+0.06)
Jan 25, 2024	2023 (Q4)	0.71 / 0.69	0.8	-13.75% (-0.11)
Oct 26, 2023	2023 (Q3)	0.62 / 0.72	0.68	5.88% (+0.04)
Jul 27, 2023	2023 (Q2)	0.54 / 0.62	0.69	-10.14% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ORI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$36.36	$35.49	-2.39%
Apr 24, 2025	$37.41	$37.85	+1.18%
Jan 23, 2025	$34.94	$35.49	+1.57%
Oct 24, 2024	$32.82	$32.03	-2.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Old Republic International Corp. (ORI) report earnings?

Old Republic International Corp. (ORI) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Old Republic International Corp. (ORI) earnings time?

Old Republic International Corp. (ORI) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ORI EPS forecast?

ORI EPS forecast for the fiscal quarter 2025 (Q3) is 0.76.

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