Old Republic International Third Quarter 2024 Earnings: Beats Expectations

Old Republic International (NYSE:ORI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.34b (up 33% from 3Q 2023).
• Net income: US$338.9m (up by US$286.3m from 3Q 2023).
• Profit margin: 14% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.35 (up from US$0.19 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Old Republic International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 89%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Old Republic International (1 makes us a bit uncomfortable!) that you need to be mindful of.

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