| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 4/6 |
| Dividends | 6/6 |
ORI Overview
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada.
Old Republic International Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.28 |
| 52 Week High | US$14.40 |
| 52 Week Low | US$26.69 |
| Beta | 0.86 |
| 1 Month Change | -11.48% |
| 3 Month Change | -6.39% |
| 1 Year Change | 55.82% |
| 3 Year Change | 5.39% |
| 5 Year Change | 32.57% |
| Change since IPO | 785.35% |
Recent News & Updates
Shareholder Returns
| ORI | US Insurance | US Market | |
|---|---|---|---|
| 7D | 3.4% | 2.9% | 2.0% |
| 1Y | 55.8% | 39.8% | 32.8% |
Return vs Industry: ORI exceeded the US Insurance industry which returned 39.8% over the past year.
Return vs Market: ORI exceeded the US Market which returned 32.8% over the past year.
Price Volatility
| ORI volatility | |
|---|---|
| ORI Beta | 0.86 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: ORI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ORI's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1923 | 9,000 | Craig Smiddy | https://www.oldrepublic.com |
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 three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, guaranteed asset protection, and surety.
Old Republic International Fundamentals Summary
| ORI fundamental statistics | |
|---|---|
| Market Cap | US$6.93b |
| Earnings (TTM) | US$1.58b |
| Revenue (TTM) | US$8.98b |
4.4x
P/E Ratio0.8x
P/S RatioIs ORI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ORI income statement (TTM) | |
|---|---|
| Revenue | US$8.98b |
| Cost of Revenue | US$2.47b |
| Gross Profit | US$6.51b |
| Expenses | US$4.93b |
| Earnings | US$1.58b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.32 |
| Gross Margin | 72.47% |
| Net Profit Margin | 17.63% |
| Debt/Equity Ratio | 23.5% |
How did ORI perform over the long term?
See historical performance and comparisonDividends
10.2%
Current Dividend Yield16%
Payout RatioValuation
Is Old Republic International undervalued compared to its fair value and its price relative to the market?
45.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORI ($23.28) is trading below our estimate of fair value ($42.63)
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 (4.4x) compared to the US Insurance industry average (9.7x).
PE vs Market: ORI is good value based on its PE Ratio (4.4x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: ORI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ORI is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).
Future Growth
How is Old Republic International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-31.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORI's earnings are forecast to decline over the next 3 years (-31.6% per year).
Earnings vs Market: ORI's earnings are forecast to decline over the next 3 years (-31.6% per year).
High Growth Earnings: ORI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ORI's revenue is expected to decline over the next 3 years (-6.5% per year).
High Growth Revenue: ORI's revenue is forecast to decline over the next 3 years (-6.5% 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
Past Performance
How has Old Republic International performed over the past 5 years?
18.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORI has high quality earnings.
Growing Profit Margin: ORI's current net profit margins (17.6%) are higher than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: ORI's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: ORI's earnings growth over the past year (483%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: ORI earnings growth over the past year (483%) exceeded the Insurance industry 76%.
Return on Equity
High ROE: ORI's Return on Equity (23.4%) is considered high.
Financial Health
How is Old Republic International's financial position?
Financial Position Analysis
Short Term Liabilities: ORI's short term assets ($7.8B) do not cover its short term liabilities ($15.4B).
Long Term Liabilities: ORI's short term assets ($7.8B) exceed its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ORI's debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: ORI's debt to equity ratio has increased from 22.6% to 23.5% over the past 5 years.
Debt Coverage: ORI's debt is well covered by operating cash flow (79.4%).
Interest Coverage: ORI's interest payments on its debt are well covered by EBIT (45.9x coverage).
Balance Sheet
Dividend
What is Old Republic International current dividend yield, its reliability and sustainability?
10.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORI's dividend (10.22%) is higher than the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: ORI's dividend (10.22%) is in the top 25% of dividend payers in the US market (3.57%)
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 low payout ratio (16.2%), 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 (36.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Craig Smiddy (57 yo)
1.92yrs
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 ($USD6.38M).
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 not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: ORI's board of directors are seasoned and experienced ( 13.3 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 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$6.932b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 22:56 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| 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.