Old Republic International (NYSE:ORI) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Old Republic International (NYSE:ORI) posted its quarterly earnings results on Thursday. The insurance provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03), Zacks reports. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS.

Here are the key takeaways from Old Republic International’s conference call:

• Old Republic reported second-quarter pre-tax operating income of $238 million and net operating income of $186 million, with consolidated book value per share up 7.2% year to date including dividends.
• Specialty insurance saw softer profitability, with a 95.5% combined ratio versus 90.7% a year ago, as the runoff transactional risk business experienced poor claims and triggered $40 million of reserve strengthening.
• Title insurance delivered a strong quarter, with premium and fee revenue up 11% and pre-tax operating income rising to $56 million from $24 million, helped by improved residential activity and strong commercial business.
• Management said it is continuing to invest in technology, data analytics, and AI, which lifted the expense ratio in specialty but is expected to improve pricing, claims management, and long-term operating efficiency.
• The company expects the ECM acquisition to be accretive to earnings and book value this year, and management also sees continued upside from share repurchases while retaining flexibility for a potential special dividend later in the year.

Old Republic International Stock Up 2.2%

Shares of Old Republic International stock opened at $42.23 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.68 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.26 billion, a P/E ratio of 9.98 and a beta of 0.58. The firm’s 50 day moving average price is $39.86 and its 200-day moving average price is $40.54. Old Republic International has a 52-week low of $35.60 and a 52-week high of $46.76.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a $0.315 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s payout ratio is presently 33.78%.

Analyst Ratings Changes

Several research firms have commented on ORI. Weiss Ratings restated a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. Piper Sandler dropped their price target on Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Raymond James Financial set a $44.00 price objective on Old Republic International in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.50.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by insiders.

Hedge Funds Weigh In On Old Republic International

A number of large investors have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International in the 3rd quarter worth $27,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after buying an additional 222 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Old Republic International in the second quarter valued at about $46,000. Mcguire Capital Advisors Inc. purchased a new stake in Old Republic International in the fourth quarter valued at about $46,000. Finally, Danske Bank A S acquired a new stake in Old Republic International in the third quarter worth about $51,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Old Republic International

Here are the key news stories impacting Old Republic International this week:

• Positive Sentiment: ORI reported second-quarter revenue of $2.50 billion, topping Wall Street expectations of about $2.38 billion and rising 5.2% year over year. Old Republic International earnings release and conference call links
• Positive Sentiment: The company also reported net income of $322.3 million, up sharply from $204.4 million a year ago, which supports investor confidence in underlying profitability. Old Republic second-quarter and first-half 2026 results
• Neutral Sentiment: Management said its ECM business should run at a 90% to 95% combined ratio, and flagged a bargain purchase gain expected next quarter, which may support future results but is not an immediate earnings driver. Old Republic expects ECM to run at a 90%-95% combined ratio
• Negative Sentiment: Adjusted performance was less impressive: net operating income fell to $186.0 million from $209.2 million last year, and EPS of $0.76 missed consensus by a small amount, which may limit upside. Old Republic Q2 earnings snapshot

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.