Old Republic International ( (ORI) ) has released its Q4 earnings. Here is a breakdown of the information Old Republic International presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Old Republic International Corporation is a Chicago-based insurance holding company, primarily operating in the property and casualty and title insurance sectors, and is recognized as one of the largest shareholder-owned insurance businesses in the United States.
Old Republic International Corporation recently announced its earnings results for the fourth quarter and full year of 2024, highlighting a notable increase in net operating income despite a decrease in net income due to investment losses. The company continues to focus on long-term strategies and maintaining a strong balance sheet.
Key financial metrics revealed a 20.2% increase in consolidated pretax operating income for the quarter and a 6.5% increase for the full year. The company also achieved a 9.0% increase in net premiums and fees earned over the year and a 16.4% rise in net investment income. However, net income per diluted share dropped to $0.42 in the fourth quarter from $0.69 in the previous year due to realized and unrealized investment losses.
Despite the investment challenges, Old Republic’s insurance segments, Specialty and Title Insurance, reported growth in net premiums, with Specialty Insurance witnessing a 13.5% increase for the year. The company returned $1,708 million to shareholders through dividends and share repurchases, reflecting a commitment to shareholder value.
Looking ahead, Old Republic International remains focused on managing its insurance business over the long term, emphasizing favorable underwriting results and financial stability to support its obligations to policyholders and beneficiaries.
