Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada.
Undervalued with excellent balance sheet and pays a dividend.
Share Price & News
How has Old Republic International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ORJ has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ORJ underperformed the German Insurance industry which returned -7.2% over the past year.
Return vs Market: ORJ underperformed the German Market which returned 6.4% over the past year.
Price Volatility Vs. Market
How volatile is Old Republic International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Old Republic International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORJ (€13.4) is trading below our estimate of fair value (€30.21)
Significantly Below Fair Value: ORJ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ORJ is poor value based on its PE Ratio (17.8x) compared to the DE Insurance industry average (11x).
PE vs Market: ORJ is good value based on its PE Ratio (17.8x) compared to the German market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: ORJ is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ORJ is good value based on its PB Ratio (0.8x) compared to the DE Insurance industry average (1x).
How is Old Republic International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORJ's forecast earnings growth (44.9% per year) is above the savings rate (0.2%).
Earnings vs Market: ORJ's earnings (44.9% per year) are forecast to grow faster than the German market (23.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ORJ's revenue is expected to decline over the next 3 years (-1.3% per year).
High Growth Revenue: ORJ's revenue is forecast to decline over the next 3 years (-1.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ORJ's Return on Equity is forecast to be high in 3 years time
How has Old Republic International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORJ has high quality earnings.
Growing Profit Margin: ORJ's current net profit margins (4.3%) are lower than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: ORJ's earnings have grown by 7.3% per year over the past 5 years.
Accelerating Growth: ORJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ORJ had negative earnings growth (-63.6%) over the past year, making it difficult to compare to the Insurance industry average (9.2%).
Return on Equity
High ROE: ORJ's Return on Equity (4.6%) is considered low.
How is Old Republic International's financial position?
Financial Position Analysis
Short Term Liabilities: ORJ's short term assets ($7.1B) do not cover its short term liabilities ($14.0B).
Long Term Liabilities: ORJ's short term assets ($7.1B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: ORJ's debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: ORJ's debt to equity ratio has reduced from 24.4% to 12.5% over the past 5 years.
Debt Coverage: ORJ's debt is well covered by operating cash flow (145.3%).
Interest Coverage: ORJ's interest payments on its debt are well covered by EBIT (8.9x coverage).
What is Old Republic International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORJ's dividend (5.19%) is higher than the bottom 25% of dividend payers in the German market (1.25%).
High Dividend: ORJ's dividend (5.19%) is in the top 25% of dividend payers in the German market (3.8%)
Stability and Growth of Payments
Stable Dividend: ORJ's dividends per share have been stable in the past 10 years.
Growing Dividend: ORJ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.4%), ORJ's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ORJ's dividends in 3 years are forecast to be covered by earnings (50.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Craig Smiddy (56 yo)
Mr. Craig Richard Smiddy has been President and Director of Republic Credit Indemnity Company since 2019. Mr. Smiddy has been President and Chief Executive Officer of Old Republic International Corporation ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.65M) is below average for companies of similar size in the German market ($USD3.69M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||15.83yrs||US$1.01m||0.020% |
|Executive Chairman of Old Republic Title Companies||10.08yrs||US$1.56m||0.033% |
|Executive Vice President||0.83yr||US$2.50m||0.023% |
|Senior VP & Treasurer||2.08yrs||US$1.46m||0.0073% |
|Senior Vice President of Investments||19yrs||no data||0.028% |
|Senior Vice President of Corporate Development & Finance||no data||no data||no data|
|Senior VP||6.08yrs||no data||0.00033% |
|Human Resources Director||no data||no data||no data|
|Senior VP & Deputy Chief Investment Officer||2.17yrs||no data||no data|
|Senior VP & National Benefits Director||2.17yrs||no data||0.012% |
|Deputy CFO & Senior VP||3.17yrs||no data||no data|
Experienced Management: ORJ's management team is considered experienced (2.2 years average tenure).
|Executive Chairman of Old Republic Title Companies||10.08yrs||US$1.56m||0.033% |
|Independent Director||5.5yrs||US$143.00k||0.034% |
|Independent Director||3yrs||US$169.00k||no data|
|Independent Director||23.42yrs||US$169.00k||0.0067% |
|Independent Director||40.25yrs||US$143.00k||0.29% |
|Lead Independent Director||14.58yrs||US$182.00k||0.24% |
|Independent Director||17.25yrs||US$183.08k||0.0070% |
|Independent Director||17.25yrs||US$182.00k||0.0070% |
|Independent Director||14.25yrs||US$175.50k||0.022% |
|Independent Director||3.5yrs||US$156.00k||0.0072% |
Experienced Board: ORJ's board of directors are seasoned and experienced ( 14.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORJ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Old Republic International Corporation's company bio, employee growth, exchange listings and data sources
- Name: Old Republic International Corporation
- Ticker: ORJ
- Exchange: DB
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$4.854b
- Listing Market Cap: US$4.118b
- Shares outstanding: 299.97m
- Website: https://www.oldrepublic.com
Number of Employees
- Old Republic International Corporation
- 307 North Michigan Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ORI||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|ORJ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/07 20:39|
|End of Day Share Price||2020/08/07 00:00|
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 here.