Old Republic International
Market Cap
US$7.1b
Last Updated
2019/10/22 23:39 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.
Snowflake
Fundamentals
Solid track record, good value and pays a dividend.
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
Market Performance
7 Day Return
0.5%
ORI
-1.2%
US Insurance
0.07%
US Market
1 Year Return
17.0%
ORI
15.3%
US Insurance
8.9%
US Market
Return vs Industry: ORI exceeded the US Insurance industry which returned 15.3% over the past year.
Return vs Market: ORI exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| ORI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -1.2% | 0.07% |
| 30 Day | 3.5% | -2.8% | -0.3% |
| 90 Day | 1.9% | -3.7% | -1.6% |
| 1 Year | 26.6%17.0% | 18.2%15.3% | 11.3%8.9% |
| 3 Year | 59.3%29.8% | 44.2%33.1% | 46.3%36.8% |
| 5 Year | 118.7%63.1% | 66.2%46.3% | 62.1%44.3% |
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
21 hours ago | Simply Wall St
Investors Who Bought Old Republic International (NYSE:ORI) Shares Five Years Ago Are Now Up 68%2 weeks ago | Simply Wall St
Do Directors Own Old Republic International Corporation (NYSE:ORI) Shares?3 weeks ago | Simply Wall St
Do You Know What Old Republic International Corporation's (NYSE:ORI) P/E Ratio Means?Valuation
Is Old Republic International undervalued compared to its fair value and its price relative to the market?
3.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORI ($23.78) is trading below our estimate of fair value ($24.58)
Significantly Below Fair Value: ORI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ORI is good value based on its PE Ratio (9.5x) compared to the Insurance industry average (15.8x).
PE vs Market: ORI is good value based on its PE Ratio (9.5x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ORI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ORI is good value based on its PB Ratio (1.2x) compared to the US Insurance industry average (1.2x).
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?
-2.0%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ORI's forecast earnings growth is above the savings rate (2.7%).
Earnings vs Market: Insufficient data to determine if ORI's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ORI's revenue is expected to decline over the next 3 years (-2% per year).
High Growth Revenue: ORI's revenue is forecast to decline over the next 3 years (-2% 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
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Past Performance
How has Old Republic International performed over the past 5 years?
11.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ORI's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: ORI's earnings growth over the past year (36.3%) exceeds its 5-year average (11.6% per year).
Earnings vs Industry: ORI earnings growth over the past year (36.3%) exceeded the Insurance industry 2%.
Return on Equity
High ROE: ORI's Return on Equity (12.7%) is considered low.
Return on Assets
ROA vs Industry: ORI has a higher Return on Assets than the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: ORI has significantly improved its Return on Capital Employed over the past 3 years.
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Financial Health
How is Old Republic International's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ORI has a low level of unsold assets or inventory.
Debt Coverage by Assets: ORI's debt is covered by short term assets (assets are 6.551050x debt).
Financial Institutions Analysis
Asset Level: ORI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ORI has a sufficient allowance for bad loans.
Low Risk Liabilities: ORI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ORI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ORI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ORI has an appropriate level of bad loans.
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Dividend
What is Old Republic International's current dividend yield, its reliability and sustainability?
3.36%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ORI's dividend (3.36%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ORI's dividend (3.36%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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 (31.7%), ORI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
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Management
What is the CEO of Old Republic International's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Craig Smiddy (55yo)
0yrs
Tenure
US$1,372,762
Compensation
Mr. Craig Richard Smiddy has been President and Director of Republic Credit Indemnity Company since 2019. Mr. Smiddy serves as President and Chief Operating Officer at Old Republic International Corporatio ...
CEO Compensation Analysis
Compensation vs. Market: Craig has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.8yrs
Average Tenure
62yo
Average Age
Experienced Management: ORI's management team is considered experienced (4.8 years average tenure).
Board Age and Tenure
15.2yrs
Average Tenure
78yo
Average Age
Experienced Board: ORI's board of directors are seasoned and experienced ( 15.2 years average tenure).
Insider Trading
Insider Buying: ORI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 47,250 |
| Max Price | US$22.60 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 5,000 |
| Max Price | US$19.87 |
Ownership Breakdown
Management Team
Charlie Boone (65yo)
Senior Vice President of Investments
- Tenure: 18.2yrs
Aaron Jacoby (48yo)
Senior Vice President of Corporate Development & Finance
- Tenure: 0yrs
Rande Yeager (70yo)
Executive Chairman of Old Republic Title Companies
- Tenure: 9.3yrs
- Compensation: US$1.37m
Cheryl Jones (66yo)
Senior VP & National Benefits Director
- Tenure: 1.3yrs
Karl Mueller (60yo)
Senior VP & CFO
- Tenure: 15yrs
- Compensation: US$896.08k
Craig Smiddy (55yo)
President & CEO
- Tenure: 0yrs
- Compensation: US$1.37m
John Heitkamp (64yo)
Senior VP
- Tenure: 5.3yrs
Dana Loncar-Gakovic
Human Resources Director
- Tenure: 0yrs
Marilynn Meek
Investor Relations Professional
- Tenure: 4.8yrs
Phillip Schutt (58yo)
Senior VP & Deputy Chief Investment Officer
- Tenure: 1.3yrs
Board Members
Al Zucaro (80yo)
Chairman
- Tenure: 26.8yrs
- Compensation: US$3.14m
Spencer LeRoy (72yo)
Independent Director
- Tenure: 4.7yrs
- Compensation: US$132.00k
Tony Bischof (84yo)
Independent Director
- Tenure: 22.6yrs
- Compensation: US$156.00k
Arnold Steiner (81yo)
Lead Independent Director
- Tenure: 13.8yrs
- Compensation: US$168.00k
Fredricka Taubitz (75yo)
Independent Director
- Tenure: 16.4yrs
- Compensation: US$162.00k
John Dixon (80yo)
Independent Director
- Tenure: 16.4yrs
- Compensation: US$168.00k
Rande Yeager (70yo)
Executive Chairman of Old Republic Title Companies
- Tenure: 9.3yrs
- Compensation: US$1.37m
Dennis Van Mieghem (79yo)
Independent Director
- Tenure: 15.2yrs
- Compensation: US$156.00k
Charles Titterton (77yo)
Independent Director
- Tenure: 15.2yrs
- Compensation: US$156.00k
Steven Walker (74yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: US$162.00k
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: 1887
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$7.098b
- Shares outstanding: 298.47m
- 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 |
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 | 2019/10/22 23:39 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.