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Old Republic International Corp. (ORI)
NYSE:ORI
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.7Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 7.36%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
While the company experienced significant growth in investment income and general insurance, challenges were notable in title insurance and financial indemnity. The decline in pretax operating income and increased combined ratio indicate some pressures, despite positive capital management actions.Company Guidance
During the Old Republic International (ORI) third-quarter 2024 earnings call, the company reported several key metrics and provided guidance on their performance. Consolidated pretax operating income was $229 million, a decrease from $251 million in the same quarter of the previous year, with a consolidated combined ratio of 95%, up from 92% in 2023. The General Insurance segment produced $197 million in pretax operating income, down from $216 million, with a combined ratio of 94% compared to 89% last year. Title Insurance faced headwinds from high mortgage interest rates but still generated $40 million in pretax operating income, maintaining a combined ratio of 96.7%. The company emphasized its conservative reserving practices, expecting to achieve their tenth consecutive year of favorable loss reserve development. Net operating income for the quarter was reported at $183 million, with earnings per share relatively flat at $0.71. Net written premiums in General Insurance rose 16%, driven by strong renewal retentions and new business growth, particularly in the Excess and Surplus (E&S) lines, which increased by 21% in the quarter. The company also repurchased $165 million worth of shares during the quarter, with $385 million remaining in their current repurchase program. Looking forward, Old Republic remains focused on managing for the long run, investing in technology, and anticipating continued solid growth and profitability in General Insurance for the remainder of 2024.Net Investment Income Increase
Net investment income increased 17% in the quarter driven by higher yields on the bond portfolio.
General Insurance Growth
General Insurance net written premiums were up 16% in the quarter with strong renewal retentions and rate increases.
Title Insurance Positive Signs
Title Insurance experienced a 4% increase in premium and fee revenue, and commercial direct new title orders were up 11% compared to third quarter 2023.
Capital Management
Paid about $67 million in dividends and repurchased $165 million worth of shares, with continued repurchases into the following quarter.
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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
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ORI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $33.57 | $32.76 | -2.41% |
| Jul 25, 2024 | $29.73 | $30.37 | +2.15% |
| Apr 25, 2024 | $27.97 | $27.71 | -0.93% |
| Jan 25, 2024 | $27.79 | $25.19 | -9.36% |
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.
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FAQ
When does Old Republic International Corp. (ORI) report earnings?
Old Republic International Corp. (ORI) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Old Republic International Corp. (ORI) earnings time?
Old Republic International Corp. (ORI) earnings time is at Jan 23, 2025, TBA Not 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 2024 (Q4) is 0.7.
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