Old Republic International Corp (N:ORI)

Sector:  Financials Industry:  Property & Casualty Insurance
 
See Regulatory Filings on SEC
Company Contact
Address: 307 N MICHIGAN AVE
CHICAGO IL 60601
Tel: N/A
Website: https://www.oldrepublic.com
IR: See website
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Key People
Craig R. Smiddy
President, Chief Executive Officer, Director
Frank J. Sodaro
Chief Financial Officer, Senior Vice President
W. Todd Gray
Executive Vice President, Treasurer
Stephen J. Oberst
Executive Vice President
Thomas A. Dare
Senior Vice President, General Counsel, Company Secretary
Jeffrey P. Lange
Senior Vice President - Underwriting and Distribution
Carolyn Monroe
Senior Vice President - Title Insurance
   
Business Overview
Old Republic International Corporation is a holding company. The Company is engaged in the business of insurance underwriting and related services. It operates through three segments: General Insurance (property and liability insurance), Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off. Its General Insurance provides property and liability insurance primarily to commercial clients. Title Insurance consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. The policies insure against losses arising out of defects, liens, and encumbrances. RFIG Run-off segment offers private mortgage insurance, which protects mortgage lenders and investors from default-related losses on residential mortgage loans made primarily to homebuyers. The RFIG Run-off mortgage guaranty operations insures only first mortgage loans, primarily on residential properties.
Financial Overview
For the three months ended 31 March 2024, Old Republic International Corp revenues increased 15% to $2.03B. Net income applicable to common stockholders increased 59% to $316.7M. Revenues reflect General Insurance segment increase of 14% to $1.26B. Net income benefited from Expense Ratio -%-General Insurance decrease of 1% to 27.6%, Claim Ratio -%General Insurance increase of 2% to 62.7%.
Employees: 9,200 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $10,389M as of Mar 31, 2024
Annual revenue (TTM): $7,653M as of Mar 31, 2024
EBITDA (TTM): $1,105M as of Mar 31, 2024
Net annual income (TTM): $715.40M as of Mar 31, 2024
Free cash flow (TTM): $608.00M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1,851M as of Mar 31, 2024
Shares outstanding: 271,833,079 as of Mar 31, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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