Old Republic International
Market Cap
US$5.7b
Last Updated
2021/01/16 23:38 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 +/- 5% a week.
Volatility Over Time: ORI's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.0%
ORI
0.2%
US Insurance
-1.0%
US Market
1 Year Return
-17.9%
ORI
-4.7%
US Insurance
19.6%
US Market
Return vs Industry: ORI underperformed the US Insurance industry which returned -4.7% over the past year.
Return vs Market: ORI underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| ORI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 0.2% | -1.0% |
| 30 Day | -0.3% | 1.7% | 2.2% |
| 90 Day | 18.7% | 15.1% | 11.5% |
| 1 Year | -9.3%-17.9% | -1.9%-4.7% | 22.3%19.6% |
| 3 Year | 15.4%-7.0% | 13.2%4.5% | 45.3%35.7% |
| 5 Year | 47.0%4.3% | 72.0%50.3% | 124.8%99.8% |
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
2 weeks ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy Old Republic International Corporation (NYSE:ORI) For Its Upcoming Dividend4 weeks ago | Simply Wall St
Are Insiders Buying Old Republic International Corporation (NYSE:ORI) Stock?1 month ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Old Republic International Corporation's (NYSE:ORI) Shares?Valuation
Is Old Republic International undervalued compared to its fair value and its price relative to the market?
43.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORI ($18.86) is trading below our estimate of fair value ($33.07)
Significantly Below Fair Value: ORI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ORI is poor value based on its PE Ratio (17.9x) compared to the US Insurance industry average (14.4x).
PE vs Market: ORI is good value based on its PE Ratio (17.9x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: ORI is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: ORI's PB Ratio (0.9x) is in line with the US Insurance industry average.
Next Steps
Future Growth
How is Old Republic International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
36.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORI's forecast earnings growth (36.7% per year) is above the savings rate (2%).
Earnings vs Market: ORI's earnings (36.7% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ORI's revenue (3.7% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ORI's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ORI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Old Republic International performed over the past 5 years?
3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORI has high quality earnings.
Growing Profit Margin: ORI's current net profit margins (4.9%) are lower than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: ORI's earnings have grown by 3.7% 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 (-53.6%) over the past year, making it difficult to compare to the Insurance industry average (5.9%).
Return on Equity
High ROE: ORI's Return on Equity (5.2%) is considered low.
Next Steps
Financial Health
How is Old Republic International's financial position?
Financial Position Analysis
Short Term Liabilities: ORI's short term assets ($7.2B) do not cover its short term liabilities ($14.5B).
Long Term Liabilities: ORI's short term assets ($7.2B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: ORI's debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: ORI's debt to equity ratio has reduced from 24.9% to 12% over the past 5 years.
Debt Coverage: ORI's debt is well covered by operating cash flow (148.2%).
Interest Coverage: ORI's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Old Republic International current dividend yield, its reliability and sustainability?
4.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORI's dividend (4.45%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: ORI's dividend (4.45%) is in the top 25% of dividend payers in the US market (3.85%)
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: At its current payout ratio (78.9%), ORI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ORI's dividends in 3 years are forecast to be well covered by earnings (48.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Craig Smiddy (56 yo)
1.25yrs
Tenure
US$1,646,775
Compensation
Mr. Craig Richard Smiddy has been President and Director of Republic Credit Indemnity Company since 2019. Mr. Smiddy has been President and Chief Executive Officer of Old Republic International Corporation...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD1.65M) is below average for companies of similar size in the US market ($USD6.20M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.25yrs | US$1.65m | 0.0076% $ 431.1k | |
| Senior VP & CFO | 16.25yrs | US$1.01m | 0.020% $ 1.1m | |
| Executive Chairman of Old Republic Title Companies | 10.5yrs | US$1.56m | 0.033% $ 1.8m | |
| Executive Vice President | 1.25yrs | US$2.50m | 0.023% $ 1.3m | |
| Senior VP & Treasurer | 2.5yrs | US$1.46m | 0.0073% $ 410.2k | |
| Senior Vice President of Investments | 19.42yrs | no data | 0.028% $ 1.6m | |
| Senior Vice President of Corporate Development & Finance | no data | no data | no data | |
| Senior VP | 6.5yrs | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Senior VP & Deputy Chief Investment Officer | 2.58yrs | no data | no data | |
| Senior VP & National Benefits Director | 2.58yrs | no data | 0.012% $ 697.6k | |
| Deputy CFO & Senior VP | 3.58yrs | no data | no data |
2.6yrs
Average Tenure
59yo
Average Age
Experienced Management: ORI's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.25yrs | US$1.65m | 0.0076% $ 431.1k | |
| Executive Chairman of Old Republic Title Companies | 10.5yrs | US$1.56m | 0.033% $ 1.8m | |
| Chairman | 28yrs | US$2.85m | 0.68% $ 38.4m | |
| Independent Director | 5.92yrs | US$143.00k | 0.034% $ 1.9m | |
| Independent Director | 3.42yrs | US$169.00k | no data | |
| Independent Director | 23.83yrs | US$169.00k | 0.0067% $ 381.9k | |
| Independent Director | 40.67yrs | US$143.00k | 0.29% $ 16.4m | |
| Lead Independent Director | 15yrs | US$182.00k | 0.20% $ 11.6m | |
| Independent Director | 17.67yrs | US$183.08k | 0.0070% $ 396.0k | |
| Independent Director | 17.67yrs | US$182.00k | 0.0070% $ 397.2k | |
| Independent Director | 14.67yrs | US$175.50k | 0.022% $ 1.3m | |
| Independent Director | 3.92yrs | US$156.00k | 0.0078% $ 443.0k |
14.8yrs
Average Tenure
75.5yo
Average Age
Experienced Board: ORI's board of directors are seasoned and experienced ( 14.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORI 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:
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$5.657b
- Shares outstanding: 299.97m
- Website: https://www.oldrepublic.com
Number of Employees
Location
- Old Republic International Corporation
- 307 North Michigan Avenue
- Chicago
- Illinois
- 60601
- United States
Listings
| 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 |
| ORI * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1969 |
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 | 2021/01/16 23:38 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.