Old Republic International Corp. (ORI)
NYSE:ORI
Want to see ORI full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.78Last Year’s EPS
0.83Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture. Positive developments include a strong rebound in Title Insurance revenue and pretax income, modest investment income growth with improved bond yields, active capital returns (dividends and buybacks), and strategic specialty expansion initiatives (new operating companies, planned ECM acquisition). Offsetting those positives were meaningful declines in consolidated and Specialty pretax operating income, higher combined and expense ratios in Specialty driven by start-up and IT costs, softness in Commercial Auto retention and top-line growth, and lower favorable reserve development versus the prior year. Management emphasizes disciplined underwriting and multi-year benefits from current investments, but near-term results reflect execution and market pressures. Overall, highlights and lowlights are balanced, with cautious optimism for longer-term upside but clear near-term headwinds.Company Guidance
Strong Title Insurance Revenue and Margin Improvement
Title Insurance premium and fee revenue of $678 million, up 12% YoY; pretax operating income increased to $16.7 million from $4.3 million (≈+288%); combined ratio improved to 100% from 102%; expense ratio improved to 97.5% from 99.4%; agency-produced premiums up 14% and comprised ~80% of revenues (vs 78% prior); commercial premiums rose and represented 27% of earned premiums (vs 24%).
Solid Investment Income and Improved Bond Yields
Net investment income rose just over 4% in the quarter driven by a larger invested asset base and higher yields; bond portfolio book yield ~4.75%; corporate bonds acquired during the quarter averaged ~4.7% vs rolling-off yields of ~3.8%; management expects net investment income growth in the low- to mid-single digits for 2026.
Shareholder Returns and Capital Deployment
Paid nearly $77 million in dividends during the quarter and repurchased $161 million of shares in the quarter (additional $52 million repurchased post-quarter), leaving approximately $640 million remaining in the current repurchase authorization.
Book Value and Return on Equity
Book value per share of $24.53, representing a 2.6% increase including dividends since year-end; operating return on beginning equity was 11.5% for the quarter.
Specialty Top-line Growth and Strategic Expansion
Specialty Insurance grew net premiums earned by 4.7% YoY (net premiums written up ~3.4%); announced formation of Old Republic Property and the rebranding of Lodestar as a stand-alone fee-income business; expect to close ECM acquisition around July 1 to contribute to H2 top and bottom line.
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 |
|---|---|---|---|
Apr 23, 2026 | $42.07 | $39.90 | -5.16% |
Jan 22, 2026 | $42.80 | $38.81 | -9.30% |
Oct 23, 2025 | $39.13 | $37.95 | -3.00% |
Jul 24, 2025 | $33.88 | $33.07 | -2.40% |
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 Jul 23, 2026, Before Open (Confirmed).
What is Old Republic International Corp. (ORI) earnings time?
Old Republic International Corp. (ORI) earnings time is at Jul 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 (Q2) is 0.78.