Old Republic International Past Earnings Performance
Past criteria checks 3/6
Old Republic International's earnings have been declining at an average annual rate of -13.3%, while the Insurance industry saw earnings growing at 14.6% annually. Revenues have been declining at an average rate of 0.6% per year. Old Republic International's return on equity is 17.3%, and it has net margins of 10.8%.
Key information
-13.27%
Earnings growth rate
-7.66%
EPS growth rate
| Insurance Industry Growth | 8.02% |
| Revenue growth rate | -0.62% |
| Return on equity | 17.30% |
| Net Margin | 10.83% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 24
ORI: Future Returns Will Depend On Buybacks And Earnings Quality
Analysts have adjusted their price target for Old Republic International by a net $1 change, reflecting mixed recent research that incorporates updated views on the company's valuation drivers and risk profile. Analyst Commentary Recent research on Old Republic International shows a split view, with one price target raised and another reduced by a few dollars.Analysis Article • Jun 21
Old Republic International (ORI) Stock Could Be 7.9% Undervalued After Institutional Buying
Old Republic International (ORI) is drawing attention after institutional investors increased their ownership to 79.30%, alongside year-over-year growth in revenue and net profit, even as overall operating efficiency remains relatively weak. See our latest analysis for Old Republic International. At a share price of $38.69, Old Republic International has seen its short term share price returns soften, with the share price down 10.6% year to date, even as its 5 year total shareholder return of...Seeking Alpha • Jun 14
Old Republic: Not A Great Performance Or Market, As Expected
Summary Old Republic International remains a 'Hold' as valuation is not yet attractive despite recent share price declines. ORI faces low earnings growth (1–3% AEPS), volatile performance, and segment underperformance, notably a 20% OI drop in specialty insurance. The stock's 3.3% yield lags Treasuries, and capital allocation to dividends and buybacks is questioned amid worsening earnings prospects. My $29/share price target reflects a sub-10x P/E; only at this level does ORI offer compelling risk/reward and dividend yield. Read the full article on Seeking AlphaNarrative Update • Jun 02
ORI: Future Returns Will Rely On Earnings Quality And Margin Resilience
Analysts have adjusted their views on Old Republic International with a net $1 change in the consensus price target, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research updates show a mixed stance on Old Republic International, with one firm trimming its price target by US$3 and another increasing its target by US$2.Narrative Update • May 08
ORI: Neutral Outlook Where Branding Dividend And Buybacks Will Shape Returns
Analysts have trimmed their price target on Old Republic International by $0.50 to $42.00, reflecting updated views on slower revenue growth, slightly lower profit margins, a higher discount rate, and a modestly higher future P/E assumption. Analyst Commentary Recent research on Old Republic International offers a mix of optimism and caution, reflected in recent changes to price targets and key assumptions.Narrative Update • Apr 21
ORI: Neutral Reset Where Lodestar, Dividend And Buybacks Will Shape Returns
Analysts have trimmed their price targets on Old Republic International, with the consensus moving down toward about $42.50 as they factor in more cautious views following recent downgrades to Neutral after Q4 earnings. Analyst Commentary Bullish Takeaways Bullish analysts still see Old Republic as a relatively defensive name within insurance, which can appeal to investors looking for steadier execution and income-focused exposure despite the Neutral ratings.Narrative Update • Apr 07
ORI: Neutral Reset Where Dividend And Buybacks Will Shape Returns
Analysts have trimmed their stance on Old Republic International, with the consensus price target easing modestly to $42.50, as recent downgrades to Neutral reflect a more cautious read-through from the latest Q4 earnings. Analyst Commentary Recent research points to a more cautious stance on Old Republic International after Q4 results, with the stock now broadly framed as a hold rather than a clear outperformer.Narrative Update • Mar 24
ORI: Neutral Stance Where Dividend And Buybacks Will Shape Future Returns
Analysts have reiterated their price target on Old Republic International at $42.50, citing a more cautious stance following a downgrade to Neutral after recent Q4 earnings commentary. Analyst Commentary Bullish Takeaways Bullish analysts see the reiterated US$42.50 price target as consistent with a view that the shares already reflect recent Q4 commentary, which they believe limits downside if execution stays on track.Narrative Update • Mar 09
ORI: Neutral Outlook Where P/E Reset And Cash Returns Will Matter
Analysts have trimmed their price target on Old Republic International to $42.50, citing a slightly lower assumed future P/E multiple, even as their fair value estimate and core operating assumptions remain effectively unchanged. Analyst Commentary Bullish Takeaways Bullish analysts point to the largely unchanged core operating assumptions as a sign that the underlying business case remains intact, even with the lower assumed P/E multiple.Narrative Update • Feb 23
ORI: Neutral Stance And Capital Returns Will Shape Future Share Path
Analysts have lowered their price targets on Old Republic International, with the consensus moving to $42.50 as they respond to recent downgrades following Q4 earnings and reassess the stock from a more neutral perspective. Analyst Commentary Bullish Takeaways Bullish analysts view the move to a more neutral stance and a US$42.50 target as reflecting what they see as a fair balance between execution risks after Q4 and the company’s established position in its markets.Narrative Update • Feb 08
ORI: Capital Returns And Neutral Stance Will Frame Future Share Performance
Analysts have trimmed their price target on Old Republic International to US$42.50. This reflects a slightly higher discount rate and updated views on revenue growth, profit margins and future P/E assumptions following recent Neutral downgrades after Q4 earnings.Narrative Update • Jan 24
ORI: Capital Returns And Reset Expectations Will Support Future Upside
Analysts have reduced their price target on Old Republic International to US$42.50 from US$49.00, attributing the change to more cautious assumptions on revenue growth, profit margins, and future P/E after recent research downgrades following Q4 earnings. Analyst Commentary Bullish Takeaways Bullish analysts see the revised US$42.50 target as reflecting more measured assumptions on growth and margins, which they view as a cleaner entry point for investors who want less aggressive expectations baked into the price.Narrative Update • Jan 10
ORI: Capital Returns And Commercial Auto Confidence Will Support Future Upside
Analysts have trimmed their price target on Old Republic International by $1 to $46, citing a solid recent quarter and confidence in management's view on commercial auto exposure and future capital support for ECM, while maintaining existing capital return plans to shareholders. Analyst Commentary Bullish Takeaways Bullish analysts trimmed the price target only slightly to $46, which signals that their broader thesis on valuation and execution remains largely intact after what they describe as a fine quarter.Narrative Update • Dec 23
ORI: Capital Returns And Commercial Auto Resilience Will Guide A Measured Outlook
Analysts have nudged their price target on Old Republic International higher to $49.00 from $46.50, citing confidence in management's relative insulation from commercial auto headwinds and its ability to support ECM capital needs without jeopardizing capital returns to shareholders. Analyst Commentary Recent commentary highlights a generally constructive view on Old Republic International, with analysts balancing solid execution against modest adjustments to valuation expectations.Narrative Update • Dec 09
ORI: Environmental Expansion And Capital Returns Will Shape A Balanced Future Outlook
Analysts have modestly reduced their price target on Old Republic International by $1 to $46. They cite a solid recent quarter, optimism around specialty insurance growth and capital management, and an improving outlook for the title segment, despite slight adjustments to long term growth and margin assumptions.Narrative Update • Nov 24
ORI: Environmental Expansion And Capital Discipline Will Shape Outlook In A Flat Market
Analysts have modestly reduced their price target for Old Republic International to $46 from $47. They cited a strong recent quarter and continued confidence in the company’s risk management and capital allocation strategies.Narrative Update • Nov 06
ORI: Improving Title Segment Outlook Will Drive Opportunity as Interest Rates Fall
Old Republic International’s analyst price target has been adjusted downward by $0.50 to $46.50. Analysts cite mixed sector dynamics but remain encouraged by the company’s resilient commercial auto business and proactive capital management strategies.Narrative Update • Oct 22
Analysts Lift Price Target for Old Republic International Amid Title Segment Strength and Buybacks
Analysts have raised their price target for Old Republic International from $43 to $47, citing improving prospects for the company's title segment and improved capital management. Analyst Commentary Recent analyst activity reflects an increasingly positive outlook for Old Republic International, with upward revisions to price targets driven by both sector trends and company-specific factors.Narrative Update • Oct 08
Digitalization And Rising Homeownership Will Increase Efficiency Despite Risks
Analysts have raised their price target for Old Republic International to $47.00 from $46.00, citing an improved outlook for the company’s title segment and more proactive capital management. Analyst Commentary Recent updates from bullish analysts highlight Old Republic International’s strengthening position and improved prospects, particularly within its title segment and broader specialty insurance portfolio.Narrative Update • Sep 24
Digitalization And Rising Homeownership Will Increase Efficiency Despite Risks
Analysts have raised their price target for Old Republic International to $46.00, citing anticipated interest rate cuts benefiting the title insurance segment, ongoing specialty insurance expansion, and higher sector multiples, reflecting improved industry and company fundamentals. Analyst Commentary Bullish analysts highlight an improving outlook for the company's title insurance segment, attributed to anticipated interest rate cuts.Analysis Article • Sep 20
If EPS Growth Is Important To You, Old Republic International (NYSE:ORI) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Sep 03
Digitalization And Rising Homeownership Will Increase Efficiency Despite Risks
The upward revision in Old Republic International’s price target primarily reflects a substantial increase in its future P/E multiple, while revenue growth expectations remain steady, resulting in a new fair value of $44.00. What's in the News Board authorized a new share buyback plan.Analysis Article • Jul 15
Old Republic International Corporation's (NYSE:ORI) Prospects Need A Boost To Lift Shares
With a price-to-earnings (or "P/E") ratio of 11.6x Old Republic International Corporation ( NYSE:ORI ) may be sending...Seeking Alpha • Mar 15
Old Republic Is An Old Insurer With New Business Growth And A Cash Flow Engine
Summary Old Republic International gets rated buy today, agreeing with the Wall St bullish consensus. This specialty and title insurer has grown through business acquisitions, the launch of a new cyber risk segment, and new policy growth. The strong cash flow generation should support the dividend, however the dividend's yield and growth history are not remarkable. For investors looking for lower leverage risk, this stock has a very low D/E and is rated investment-grade by Moody's and S&P. The share price is nearing its 5-year high and has been mostly trading above average, though not severely overvalued vs similar peers. Read the full article on Seeking AlphaSeeking Alpha • Jan 10
Old Republic: Plenty To Like, But Valuation Makes This One A "Hold"
Summary Old Republic International (ORI) is a fundamentally strong insurance company, but currently overvalued compared to peers like Lincoln National (LNC). ORI's high valuation and lower yield make LNC a more attractive investment, offering better upside potential and a higher yield. Despite ORI's solid fundamentals and stability, its current valuation does not justify new investments; I maintain a "Hold" rating with a $27/share price target. ORI excels in underwriting and has a strong dividend, but recent trends and combined ratios indicate challenges, reinforcing my cautious stance. Read the full article on Seeking AlphaSeeking Alpha • Oct 26
Old Republic International: Consistent Dividends Amid Insurance Market Challenges
Summary Old Republic International delivered steady third-quarter results driven by reliable but declining underwriting margins and massive unrealized gain changes. Despite strong results, ORI's current valuation appears slightly above fair value, with challenges in the real estate sector potentially affecting profitability. As a dividend aristocrat, ORI consistently rewards shareholders through dividends and share repurchases, with a 13% capital return on current market capitalization. Read the full article on Seeking Alpha
New Narrative • Aug 25
Innovations In Insurance Tech And Tactical Underwriting Propel Market Dominance
Investments in insurance technologies and conservative underwriting practices aim to boost efficiency, profitability, and financial stability.Seeking Alpha • Jul 21
Old Republic International: A Difficult Company To Invest In Here
Summary Old Republic International stock is overvalued, with limited upside potential, making it a "HOLD" at this time. Old Republic International has a "HOLD" rating, but has not outperformed the market recently. ORI is a conservative insurance company, but may not outperform broader indexes over time. Read the full article on Seeking AlphaSeeking Alpha • Apr 26
Old Republic International Stock: My Thesis Materializes, I Say 'Hold'
Summary Old Republic International Corporation reported soft quarterly results, making investing in the company unappealing at this time. Old Republic is a conservative and well-run insurance company with stability and a well-covered dividend, but its valuation and potential are not impressive. The company's move from title insurance to general insurance is ongoing, with general insurance being more capital-heavy but offering better trends. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Old Republic International makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 9,422 | 1,020 | 4,622 | 0 |
| 31 Dec 25 | 9,136 | 935 | 4,505 | 0 |
| 30 Sep 25 | 8,749 | 834 | 4,369 | 0 |
| 30 Jun 25 | 8,666 | 894 | 4,249 | 0 |
| 31 Mar 25 | 8,330 | 781 | 4,144 | 0 |
| 31 Dec 24 | 8,232 | 853 | 4,036 | 0 |
| 30 Sep 24 | 8,171 | 938 | 3,940 | 0 |
| 30 Jun 24 | 7,589 | 652 | 3,879 | 0 |
| 31 Mar 24 | 7,516 | 716 | 3,848 | 0 |
| 31 Dec 23 | 7,258 | 599 | 3,833 | 0 |
| 30 Sep 23 | 7,663 | 920 | 3,983 | 0 |
| 30 Jun 23 | 7,623 | 776 | 4,162 | 0 |
| 31 Mar 23 | 7,636 | 580 | 4,409 | 0 |
| 31 Dec 22 | 8,084 | 686 | 4,719 | 0 |
| 30 Sep 22 | 8,459 | 801 | 4,945 | 0 |
| 30 Jun 22 | 8,750 | 982 | 5,020 | 0 |
| 31 Mar 22 | 9,193 | 1,339 | 5,031 | 0 |
| 31 Dec 21 | 9,342 | 1,534 | 4,942 | 0 |
| 30 Sep 21 | 9,044 | 1,427 | 4,754 | 0 |
| 30 Jun 21 | 8,984 | 1,584 | 4,481 | 0 |
| 31 Mar 21 | 8,757 | 1,666 | 4,153 | 0 |
| 31 Dec 20 | 7,166 | 559 | 3,942 | 0 |
| 30 Sep 20 | 6,919 | 315 | 3,943 | 0 |
| 30 Jun 20 | 6,738 | 272 | 3,791 | 0 |
| 31 Mar 20 | 6,356 | 39 | 3,691 | 0 |
| 31 Dec 19 | 7,460 | 1,056 | 3,525 | 0 |
| 30 Sep 19 | 6,565 | 674 | 3,143 | 0 |
| 30 Jun 19 | 6,574 | 746 | 3,113 | 0 |
| 31 Mar 19 | 6,560 | 779 | 3,086 | 0 |
| 31 Dec 18 | 6,259 | 371 | 3,318 | 0 |
| 30 Sep 18 | 6,467 | 777 | 3,133 | 0 |
| 30 Jun 18 | 6,280 | 548 | 3,068 | 0 |
| 31 Mar 18 | 6,149 | 451 | 3,024 | 0 |
| 31 Dec 17 | 6,263 | 561 | 2,996 | 0 |
| 30 Sep 17 | 6,086 | 393 | 2,929 | 0 |
| 30 Jun 17 | 5,989 | 458 | 2,902 | 0 |
| 31 Mar 17 | 5,932 | 457 | 2,870 | 0 |
| 31 Dec 16 | 5,901 | 467 | 2,816 | 0 |
| 30 Sep 16 | 5,832 | 426 | 2,764 | 0 |
| 30 Jun 16 | 5,881 | 441 | 2,734 | 0 |
| 31 Mar 16 | 5,849 | 442 | 2,684 | 0 |
| 31 Dec 15 | 5,766 | 422 | 2,633 | 0 |
| 30 Sep 15 | 5,661 | 395 | 2,551 | 0 |
Quality Earnings: ORI has high quality earnings.
Growing Profit Margin: ORI's current net profit margins (10.8%) are higher than last year (9.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ORI's earnings have declined by 13.3% per year over the past 5 years.
Accelerating Growth: ORI's earnings growth over the past year (30.7%) exceeds its 5-year average (-13.3% per year).
Earnings vs Industry: ORI earnings growth over the past year (30.7%) did not outperform the Insurance industry 36.2%.
Return on Equity
High ROE: ORI's Return on Equity (17.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 02:47 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Old Republic International Corporation is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Carletti | Citizens JMP Securities, LLC |
| Vincent DeAugustino | Keefe, Bruyette, & Woods |
| Jasper Burch | Macquarie Research |