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 |
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 |