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Old Republic International (ORI)
NYSE:ORI
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.8Last Year’s EPS
0.81Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive full-year performance with key strengths: record specialty pretax income, double-digit book value growth, robust title revenue gains, solid investment yields, and significant capital returns. However, the fourth quarter showed softer operating income and higher combined ratios, driven primarily by accelerating commercial auto loss trends, a workers' comp reserve/credit loss, and a rising expense ratio in specialty due to strategic investments. Management emphasized conservative reserving, disciplined underwriting and accelerated rate actions in response to loss trends, and expects to maintain profitability and capital flexibility into 2026.Company Guidance
Strong Full-Year Operating Income and Book Value Growth
Full-year consolidated pretax operating income of $1.0 billion; operating return on beginning equity of 14.1%; book value per share increased 22% (including dividends), ending the quarter at $24.21.
Specialty Insurance Growth and Record Results
Specialty net premiums earned grew 8.3% in Q4 and 10.9% for the full year, eclipsing $5 billion in premium for the first time; specialty produced a full-year pretax operating income record of $900 million.
Title Revenue and Profitability Improvement
Title premium and fees rose 12.4% in Q4 and 9.1% for the full year; Q4 pretax operating income increased 18% year-over-year to $66 million and Q4 combined ratio improved to 94.0% from 94.4%.
Capital Return and Balance Sheet Flexibility
Declared nearly $700 million in dividends and repurchased $56 million of shares in the quarter, totaling just over $1.0 billion in capital returned for the year; approximately $850 million remains available in the current repurchase program.
Investment Income and Portfolio Yield Improvement
Net investment income increased 7.9% in the quarter driven by higher bond yields and larger investment base; total bond portfolio book yield rose to 4.75% from 4.5% year-end, with average reinvestment rate on corporate bonds at 4.6%.
New Specialty Operating Companies Contribution
New specialty operating companies contributed over $300 million in net premium written in 2025 and collectively delivered positive operating income, supporting continued growth and diversification.
Favorable Prior-Year Reserve Development
Both specialty and title recognized favorable prior-year loss reserve development, producing a consolidated benefit of 2.4 percentage points in the quarter and 2.9 points for specialty for the full year.
Expense Management and Operational Initiatives in Title
Title decreased operating expenses relative to premium and fees by 1.2% in the quarter; continued rollout of Qualia platform and margin-expansion initiatives to serve agents and large commercial transactions.
ORI Earnings History
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 |
|---|---|---|---|
Jan 22, 2026 | $43.12 | $39.11 | -9.30% |
Oct 23, 2025 | $39.43 | $38.24 | -3.00% |
Jul 24, 2025 | $34.14 | $33.32 | -2.40% |
Apr 24, 2025 | $35.13 | $35.54 | +1.18% |
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 (ORI) report earnings?
Old Republic International (ORI) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Old Republic International (ORI) earnings time?
Old Republic International (ORI) earnings time is at Apr 23, 2026, 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 2026 (Q1) is 0.8.