Old Republic International
Market Cap
US$6.9b
Last Updated
2021/04/09 22:06 UTC
Data Sources
Company Financials +
Executive Summary
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with excellent balance sheet.
Similar Companies
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: ORI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ORI's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
6.8%
ORI
0.7%
US Insurance
1.6%
US Market
1 Year Return
37.0%
ORI
35.2%
US Insurance
55.3%
US Market
Return vs Industry: ORI exceeded the US Insurance industry which returned 35.2% over the past year.
Return vs Market: ORI underperformed the US Market which returned 55.3% over the past year.
Shareholder returns
| ORI | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | 0.7% | 1.6% |
| 30 Day | 8.1% | 2.5% | 4.1% |
| 90 Day | 22.7% | 9.4% | 5.5% |
| 1 Year | 51.4%37.0% | 38.8%35.2% | 58.1%55.3% |
| 3 Year | 35.2%8.9% | 31.1%21.3% | 63.8%53.3% |
| 5 Year | 80.4%28.0% | 76.0%54.0% | 120.2%95.7% |
Long-Term 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
1 day ago | Simply Wall St
How Many Old Republic International Corporation (NYSE:ORI) Shares Do Institutions Own?2 weeks ago | Simply Wall St
Read This Before Selling Old Republic International Corporation (NYSE:ORI) Shares1 month ago | Simply Wall St
Old Republic International Corporation (NYSE:ORI) Looks Interesting, And It's About To Pay A DividendValuation
Is Old Republic International undervalued compared to its fair value and its price relative to the market?
26.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORI ($23.34) is trading below our estimate of fair value ($31.94)
Significantly Below Fair Value: ORI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ORI is good value based on its PE Ratio (12.5x) compared to the US Insurance industry average (14.2x).
PE vs Market: ORI is good value based on its PE Ratio (12.5x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: ORI is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: ORI's PB Ratio (1.1x) is in line with the US Insurance industry average.
Future Growth
How is Old Republic International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORI's forecast earnings growth (7% per year) is above the savings rate (2%).
Earnings vs Market: ORI's earnings (7% per year) are forecast to grow slower than the US market (18.7% per year).
High Growth Earnings: ORI's earnings are forecast to grow, but not significantly.
Revenue vs Market: ORI's revenue is expected to decline over the next 3 years (-1.4% per year).
High Growth Revenue: ORI's revenue is forecast to decline over the next 3 years (-1.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ORI's Return on Equity is forecast to be low in 3 years time (9%).
Past Performance
How has Old Republic International performed over the past 5 years?
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORI has high quality earnings.
Growing Profit Margin: ORI's current net profit margins (7.8%) are lower than last year (14%).
Past Earnings Growth Analysis
Earnings Trend: ORI's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: ORI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ORI had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the Insurance industry average (-9.8%).
Return on Equity
High ROE: ORI's Return on Equity (9%) is considered low.
Financial Health
How is Old Republic International's financial position?
Financial Position Analysis
Short Term Liabilities: ORI's short term assets ($7.1B) exceed its short term liabilities ($6.7B).
Long Term Liabilities: ORI's short term assets ($7.1B) do not cover its long term liabilities ($10.0B).
Debt to Equity History and Analysis
Debt Level: ORI's debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: ORI's debt to equity ratio has reduced from 24.5% to 15.6% over the past 5 years.
Debt Coverage: ORI's debt is well covered by operating cash flow (122.6%).
Interest Coverage: ORI's interest payments on its debt are well covered by EBIT (16.8x coverage).
Balance Sheet
Dividend
What is Old Republic International current dividend yield, its reliability and sustainability?
8.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORI's dividend (8.05%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: ORI's dividend (8.05%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: ORI's dividends per share have been stable in the past 10 years.
Growing Dividend: ORI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.9%), ORI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ORI's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Craig Smiddy (56 yo)
1.5yrs
Tenure
US$1,882,098
Compensation
Mr. Craig Richard Smiddy has been President and Director of Republic Credit Indemnity Company since 2019. Mr. Smiddy has been Chief Executive Officer and Director of Old Republic International Corporation ...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.88M) is below average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ORI's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: ORI's board of directors are seasoned and experienced ( 15.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Old Republic International Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Old Republic International Corporation
- Ticker: ORI
- Exchange: NYSE
- Founded: 1923
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$6.950b
- Shares outstanding: 297.76m
- Website: https://www.oldrepublic.com
Number of Employees
Location
- Old Republic International Corporation
- 307 North Michigan Avenue
- Chicago
- Illinois
- 60601
- United States
Listings
Biography
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 | 2021/04/09 22:06 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.