Old Republic International (ORI) Financials

$37.60 +0.36 (+0.95%)

Closing price 03:59 PM Eastern

Extended Trading

$37.28 -0.33 (-0.88%)

As of 07:18 PM Eastern

Annual Income Statements for Old Republic International

This table shows Old Republic International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	853	599	686	1,534	559	1,056	371	561	467	422
Consolidated Net Income / (Loss)	853	599	686	1,534	559	1,056	371	561	467	422
Net Income / (Loss) Continuing Operations	853	599	687	1,534	559	1,057	371	561	467	422
Total Pre-Tax Income	1,070	747	857	1,922	688	1,322	438	725	686	632
Total Revenue	7,303	6,446	7,408	8,705	6,552	6,837	6,095	5,688	5,356	5,229
Net Interest Income / (Expense)	-77	-71	-67	-56	-44	-40	-42	-63	-50	-42
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	77	71	67	56	44	40	42	63	50	42
Long-Term Debt Interest Expense	77	71	67	56	44	40	42	63	50	42
Total Non-Interest Income	7,381	6,517	7,474	8,762	6,596	6,877	6,137	5,751	5,406	5,271
Other Service Charges	284	262	333	444	392	321	290	460	464	421
Net Realized & Unrealized Capital Gains on Investments	70	-191	-201	758	-142	636	196	212	73	91
Premiums Earned	7,026	6,446	7,342	7,560	6,346	5,920	5,651	5,080	4,869	4,759
Total Non-Interest Expense	6,234	5,699	6,550	6,783	5,864	5,515	5,657	4,963	4,670	4,597
Property & Liability Insurance Claims	7,061	6,424	7,147	7,341	6,415	6,071	5,759	5,455	5,146	5,074
Insurance Policy Acquisition Costs	24	17	13	23	19	27	20	20	18	18
Other Operating Expenses	-673	-578	-460	-434	-439	-451	-	-409	-387	-389
Other Special Charges	-178	-163	-150	-146	-131	-133	-122	-102	-107	-107
Income Tax Expense	217	149	171	388	130	266	68	165	219	210
Basic Earnings per Share	$3.30	$2.12	$2.28	$5.08	$1.87	$3.52	$1.26	$2.14	$1.80	$1.63
Weighted Average Basic Shares Outstanding	258.03M	282.73M	301.68M	301.95M	298.41M	299.89M	294.25M	262.11M	259.43M	259.50M
Diluted Earnings per Share	$3.24	$2.10	$2.26	$5.05	$1.87	$3.51	$1.24	$1.92	$1.62	$1.48
Weighted Average Diluted Shares Outstanding	262.88M	285.47M	303.30M	303.67M	298.90M	301.23M	301.02M	299.39M	296.38M	296.09M
Weighted Average Basic & Diluted Shares Outstanding	248.19M	278.18M	297.15M	307.60M	304.18M	303.79M	302.78M	261.90M	259.40M	259M
Cash Dividends to Common per Share	$3.06	$0.98	$1.92	$2.38	$1.84	$1.80	$0.78	$1.76	$0.75	$0.74

This table shows Old Republic International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	245	105	339	92	317	191	53	156	200	512	-92
Consolidated Net Income / (Loss)	245	105	339	92	317	191	53	156	200	512	-92
Net Income / (Loss) Continuing Operations	246	105	339	92	317	191	53	156	200	512	-92
Total Pre-Tax Income	308	131	427	113	399	237	64	197	249	649	-120
Total Revenue	2,067	1,770	2,106	1,635	1,793	1,728	1,557	1,598	1,564	2,162	1,550
Net Interest Income / (Expense)	0.00	-17	-21	-22	-16	-17	-16	-21	-17	-17	-16
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	17	21	22	16	17	16	21	17	17	16
Total Non-Interest Income	2,067	1,787	2,127	1,657	1,810	1,744	1,573	1,618	1,581	2,179	1,566
Other Service Charges	58	70	75	72	68	63	69	71	59	67	81
Net Realized & Unrealized Capital Gains on Investments	226	-154	198	-141	167	0.20	-187	-30	26	348	-377
Premiums Earned	1,783	1,872	1,854	1,726	1,575	1,681	1,691	1,577	1,496	1,764	1,862
Total Non-Interest Expense	1,759	1,639	1,679	1,521	1,395	1,490	1,493	1,401	1,315	1,513	1,670
Current and Future Benefits	1,806	-	-	-	-	-	-	-	-	-	-
Other Special Charges	-47	-45	-44	-47	-42	-42	-41	-41	-39	-36	-40
Income Tax Expense	62	26	88	21	82	47	11	41	49	137	-28
Basic Earnings per Share	$1.01	$0.43	$1.35	$0.35	$1.17	$0.70	$0.19	$0.55	$0.68	$1.71	($0.31)
Weighted Average Basic Shares Outstanding	243.77M	258.03M	251.64M	260.80M	271.73M	282.73M	277.01M	285.43M	291.95M	301.68M	303.65M
Diluted Earnings per Share	$0.98	$0.42	$1.32	$0.35	$1.15	$0.69	$0.19	$0.54	$0.68	$1.70	($0.31)
Weighted Average Diluted Shares Outstanding	249.64M	262.88M	256.86M	265.55M	275.43M	285.47M	279.92M	287.88M	293.99M	303.30M	303.65M
Weighted Average Basic & Diluted Shares Outstanding	247.16M	248.19M	253.56M	258.49M	271.83M	278.18M	280.38M	284.64M	292.77M	297.15M	304.30M

This table details how cash moves in and out of Old Republic International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	2.40	123	-77	39	40	-21	-26	-20	-14	-403
Net Cash From Operating Activities	1,233	880	1,171	1,312	1,185	936	761	453	637	688
Net Cash From Continuing Operating Activities	1,234	880	1,171	1,312	1,185	936	464	700	574	259
Net Income / (Loss) Continuing Operations	853	599	686	1,534	559	1,056	371	561	467	422
Consolidated Net Income / (Loss)	853	599	686	1,534	559	1,056	371	561	467	422
Non-Cash Adjustments to Reconcile Net Income	-70	191	201	-758	142	-636	166	-212	-73	-78
Changes in Operating Assets and Liabilities, net	451	91	283	535	484	516	224	104	243	344
Net Cash From Investing Activities	-3.90	25	-415	-937	-845	-425	-240	-294	-1,036	-450
Net Cash From Continuing Investing Activities	-3.90	25	-415	-937	-845	-425	-240	-294	-1,037	-450
Purchase of Investment Securities	-4,207	-3,481	-5,140	-3,418	-2,431	-2,580	-2,239	-2,503	-2,786	-1,970
Divestitures	137	0.00	0.00	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	4,066	3,506	4,725	2,482	1,585	2,155	1,999	2,209	1,750	1,520
Net Cash From Financing Activities	-1,227	-783	-833	-336	-300	-533	-546	-179	385	-212
Net Cash From Continuing Financing Activities	-1,227	-783	-833	-336	-300	-533	-546	-179	385	-212
Issuance of Debt	396	0.00	0.00	643	0.00	0.00	0.00	-	577	34
Issuance of Common Equity	2.00	31	27	60	6.70	14	13	18	8.40	12
Repayment of Debt	-400	-5.30	0.00	-22	-8.60	-8.40	-61	-3.90	-3.50	-
Repurchase of Common Equity	-942	-535	-281	0.00	-50	-	-	-	-	-
Payment of Dividends	-272	-276	-580	-1,019	-250	-539	-499	-199	-194	191
Other Financing Activities, Net	-11	1.80	1.50	2.50	2.00	0.20	-	6.40	-2.80	1.30
Cash Interest Paid	77	66	66	53	41	42	51	63	41	41
Cash Income Taxes Paid	196	198	227	237	149	229	137	106	179	199

This table details how cash moves in and out of Old Republic International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	62	-323	356	36	-66	51	56	2.60	13	-21	1.60
Net Cash From Operating Activities	232	362	475	237	160	283	350	91	157	267	500
Net Cash From Continuing Operating Activities	232	362	475	237	160	284	350	91	157	267	500
Net Income / (Loss) Continuing Operations	246	105	339	92	317	191	53	156	200	512	-92
Consolidated Net Income / (Loss)	246	105	339	92	317	191	53	156	200	512	-92
Non-Cash Adjustments to Reconcile Net Income	-37	43	26	41	-180	178	43	-2.10	-28	294	92
Changes in Operating Assets and Liabilities, net	23	214	110	103	24	-85	254	-63	-15	-538	500
Net Cash From Investing Activities	428	-46	115	282	-355	-114	-110	201	49	-60	-20
Net Cash From Continuing Investing Activities	428	-46	115	282	-355	-114	-110	200	49	-60	-20
Purchase of Investment Securities	-636	-1,220	-1,212	-798	-976	-1,559	-981	-446	-494	-827	-1,993
Divestitures	0.00	-	-	-	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	1,064	1,175	1,327	944	621	1,445	871	647	544	766	1,974
Net Cash From Financing Activities	-598	-639	-233	-483	128	-118	-184	-289	-193	-228	-479
Net Cash From Continuing Financing Activities	-598	-639	-233	-483	129	-118	-184	-288	-193	-229	-479
Issuance of Debt	0.00	-	-	-0.10	396	-	-	-	0.00	-	-
Issuance of Common Equity	2.40	0.30	0.40	0.50	0.80	-0.20	11	3.70	17	7.60	4.60
Repayment of Debt	0.00	-400	-	-	0.00	-	-	-	-5.30	-	-
Repurchase of Common Equity	-25	-174	-165	-409	-194	-56	-126	-220	-134	-176	-105
Payment of Dividends	-568	-65	-66	-69	-72	-67	-68	-70	-71	-67	-374
Other Financing Activities, Net	-7.60	-0.30	-2.40	-5.70	-2.30	4.90	-0.90	-2.00	-0.20	7.40	-5.00
Other Net Changes in Cash	0.00	-	-	-	0.40	-0.80	-	-	0.00	-	-
Cash Interest Paid	22	13	32	13	20	13	20	13	21	13	20
Cash Income Taxes Paid	3.90	35	46	111	4.80	52	39	104	4.10	41	57

This table presents Old Republic International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	27,843	26,501	25,159	24,982	22,815	19,327	3,735	18,592	17,102
Cash and Due from Banks	202	203	81	158	119	100	126	146	160
Trading Account Securities	14,632	14,801	14,968	15,979	14,552	12,609	-	12,091	10,580
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	128	117	107	84	86	92	-	92	90
Unearned Premiums Asset	2,472	2,201	1,928	1,769	1,594	1,499	-	1,390	1,310
Deferred Acquisition Cost	531	418	383	350	328	316	298	274	255
Other Assets	9,878	8,761	7,693	6,641	6,136	4,710	3,311	4,598	4,705
Total Liabilities & Shareholders' Equity	27,843	26,501	25,159	24,982	22,815	19,327	9,338	18,592	17,102
Total Liabilities	22,224	20,091	18,986	18,089	16,629	14,181	9,338	14,131	13,221
Long-Term Debt	1,589	1,591	1,597	1,589	966	981	-	1,529	953
Claims and Claim Expense	13,728	12,538	12,222	11,426	10,671	9,471	9,238	9,206	9,120
Unearned Premiums Liability	3,505	3,043	2,788	2,559	2,397	2,105	-	1,843	1,749
Participating Policy Holder Equity	1,410	1,381	1,079	-	-	-	-	-	-
Other Long-Term Liabilities	1,992	1,537	1,300	2,515	2,594	1,098	101	1,068	946
Total Equity & Noncontrolling Interests	5,619	6,411	6,173	6,893	6,187	5,146	0.00	4,461	3,881
Total Preferred & Common Equity	5,619	6,411	6,173	6,893	6,187	5,146	0.00	4,461	3,881
Preferred Stock	0.00	0.00	0.00	-	-	-	-	-	-
Total Common Equity	5,619	6,411	6,173	6,893	6,187	5,146	0.00	4,461	3,881
Common Stock	249	957	1,439	1,684	1,611	1,580	-	977	960
Retained Earnings	5,520	5,644	5,322	5,214	4,395	3,850	-	3,200	2,938
Accumulated Other Comprehensive Income / (Loss)	-102	-132	-518	78	284	-210	-	324	29
Other Equity Adjustments	-47	-58	-70	-83	-103	-74	-	-39	-46

This table presents Old Republic International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	28,028	28,844	27,525	27,064	26,401	25,850	25,398	24,947
Cash and Due from Banks	264	525	169	137	152	96	94	102
Trading Account Securities	14,841	15,145	14,384	14,952	14,233	14,749	15,105	13,887
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	123	124	129	128	117	108	113	100
Unearned Premiums Asset	2,655	2,640	2,626	2,304	2,356	2,334	2,020	2,097
Deferred Acquisition Cost	556	505	457	436	419	407	393	387
Other Assets	9,590	9,904	9,761	9,107	9,123	8,155	7,672	8,373
Total Liabilities & Shareholders' Equity	28,028	28,844	27,525	27,064	26,401	25,850	25,398	24,947
Total Liabilities	22,085	22,398	21,499	20,663	20,485	19,731	19,066	19,269
Long-Term Debt	1,589	1,988	1,988	1,988	1,591	1,591	1,590	1,597
Claims and Claim Expense	13,951	13,538	12,958	12,570	12,811	12,405	12,136	12,175
Unearned Premiums Liability	3,659	3,679	3,554	3,170	3,234	3,149	2,884	2,993
Participating Policy Holder Equity	1,463	1,603	1,670	1,453	1,468	1,343	-	1,154
Other Long-Term Liabilities	1,423	1,590	1,329	1,482	1,380	1,244	1,952	1,350
Total Equity & Noncontrolling Interests	5,944	6,445	6,027	6,401	5,916	6,120	6,332	5,678
Total Preferred & Common Equity	5,918	6,445	6,027	6,401	5,916	6,120	6,332	5,678
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Common Equity	5,918	6,445	6,027	6,401	5,916	6,120	6,332	5,678
Common Stock	248	254	364	773	1,007	1,116	1,326	1,604
Retained Earnings	5,721	6,135	5,912	5,889	5,521	5,536	5,450	4,875
Treasury Stock	-19	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	11	106	-197	-205	-551	-469	-378	-728
Other Equity Adjustments	-44	-50	-53	-56	-61	-64	-67	-73
Noncontrolling Interest	26	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Old Republic International's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.30%	-12.98%	-14.91%	32.87%	-4.17%	12.18%	7.15%	6.21%	2.43%	3.38%
EBITDA Growth	43.10%	-12.82%	-55.39%	179.25%	-47.95%	201.85%	-39.61%	5.79%	8.55%	3.66%
EBIT Growth	43.10%	-12.82%	-55.39%	179.25%	-47.95%	201.85%	-39.61%	5.79%	8.55%	3.66%
NOPAT Growth	42.44%	-12.79%	-55.26%	174.64%	-47.12%	185.08%	-33.89%	20.04%	10.61%	3.05%
Net Income Growth	42.45%	-12.79%	-55.26%	174.67%	-47.12%	185.13%	-33.90%	20.05%	10.61%	3.03%
EPS Growth	54.29%	-7.08%	-55.25%	170.05%	-46.72%	183.06%	-35.42%	18.52%	9.46%	2.78%
Operating Cash Flow Growth	40.10%	-24.79%	-10.76%	10.69%	26.58%	23.10%	67.95%	-28.95%	-7.40%	479.80%
Free Cash Flow Firm Growth	348.77%	-73.75%	579.30%	-45.81%	80.86%	101.85%	-193.48%	1,864.64%	-244.20%	453.25%
Invested Capital Growth	-9.93%	2.98%	-8.39%	18.57%	2.57%	13.81%	209.36%	-193.55%	23.91%	-1.13%
Revenue Q/Q Growth	0.58%	-6.32%	-5.09%	3.43%	4.00%	3.45%	3.56%	3.18%	1.21%	1.81%
EBITDA Q/Q Growth	-9.06%	-35.51%	-14.07%	7.58%	80.99%	57.65%	-52.91%	29.23%	7.69%	8.61%
EBIT Q/Q Growth	-9.06%	-35.51%	-14.07%	7.58%	80.99%	57.65%	-52.91%	29.23%	7.69%	8.61%
NOPAT Q/Q Growth	-9.10%	-34.95%	-14.33%	7.39%	78.44%	56.73%	-52.29%	42.65%	9.68%	6.97%
Net Income Q/Q Growth	-9.10%	-34.92%	-14.37%	7.53%	77.45%	56.71%	-52.29%	42.66%	9.70%	6.94%
EPS Q/Q Growth	-7.69%	-32.48%	-12.74%	6.77%	73.15%	56.70%	-52.31%	41.18%	8.72%	6.47%
Operating Cash Flow Q/Q Growth	6.78%	1.87%	-5.94%	-2.60%	9.83%	12.85%	44.09%	-40.22%	21.72%	-8.88%
Free Cash Flow Firm Q/Q Growth	14,872.73%	-46.69%	-3.20%	-62.72%	854.27%	5.63%	-1,632.06%	10,928.22%	6.02%	2.25%
Invested Capital Q/Q Growth	-14.54%	6.60%	6.81%	7.12%	1.59%	3.05%	-2.62%	-189.55%	0.25%	0.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	14.65%	11.60%	11.58%	22.08%	10.51%	19.34%	7.19%	12.75%	12.81%	12.08%
EBIT Margin	14.65%	11.60%	11.58%	22.08%	10.51%	19.34%	7.19%	12.75%	12.81%	12.08%
Profit (Net Income) Margin	11.68%	9.29%	9.27%	17.62%	8.53%	15.45%	6.08%	9.85%	8.72%	8.07%
Tax Burden Percent	79.71%	80.09%	80.06%	79.82%	81.14%	79.89%	84.57%	77.27%	68.06%	66.81%
Interest Burden Percent	99.99%	99.97%	99.99%	100.00%	100.01%	100.00%	100.00%	99.99%	100.03%	100.00%
Effective Tax Rate	20.28%	19.90%	19.93%	20.17%	18.84%	20.11%	15.41%	22.72%	31.92%	33.18%
Return on Invested Capital (ROIC)	11.21%	7.59%	8.45%	19.63%	7.91%	16.13%	141.29%	290.24%	8.63%	8.68%
ROIC Less NNEP Spread (ROIC-NNEP)	11.21%	7.59%	8.44%	19.62%	7.91%	16.12%	141.29%	290.25%	8.62%	8.67%
Return on Net Nonoperating Assets (RNNOA)	2.96%	1.92%	2.06%	3.83%	10.15%	24.93%	-126.89%	-265.11%	2.57%	2.13%
Return on Equity (ROE)	14.18%	9.51%	10.51%	23.46%	18.06%	41.06%	14.40%	25.13%	11.19%	10.82%
Cash Return on Invested Capital (CROIC)	21.66%	4.65%	17.20%	2.63%	5.38%	3.21%	-185.39%	0.00%	-12.73%	9.82%
Operating Return on Assets (OROA)	3.94%	2.89%	3.42%	8.04%	3.14%	6.55%	3.80%	6.50%	3.84%	3.71%
Return on Assets (ROA)	3.14%	2.32%	2.74%	6.42%	2.55%	5.23%	3.21%	5.02%	2.62%	2.48%
Return on Common Equity (ROCE)	14.18%	9.51%	10.51%	23.46%	18.06%	41.06%	14.40%	25.13%	11.19%	10.82%
Return on Equity Simple (ROE_SIMPLE)	15.18%	9.34%	11.12%	22.26%	9.03%	0.00%	7.20%	0.00%	10.47%	10.88%
Net Operating Profit after Tax (NOPAT)	853	599	687	1,534	559	1,057	371	561	467	422
NOPAT Margin	11.68%	9.29%	9.27%	17.63%	8.53%	15.45%	6.08%	9.86%	8.72%	8.07%
Net Nonoperating Expense Percent (NNEP)	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.35%	88.40%	88.42%	77.92%	89.49%	80.66%	92.81%	87.25%	87.20%	87.92%
Earnings before Interest and Taxes (EBIT)	1,070	748	858	1,922	688	1,322	438	726	686	632
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,070	748	858	1,922	688	1,322	438	726	686	632
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.54	1.18	1.05	0.96	0.73	0.81	0.80	0.00	0.65	0.70
Price to Tangible Book Value (P/TBV)	1.54	1.18	1.05	0.96	0.73	0.81	0.80	0.00	0.65	0.70
Price to Revenue (P/Rev)	1.19	1.17	0.87	0.76	0.69	0.71	0.68	0.60	0.54	0.52
Price to Earnings (P/E)	10.16	12.60	9.44	4.29	8.06	4.60	11.12	6.11	6.25	6.48
Dividend Yield	3.10%	3.64%	4.32%	15.76%	5.68%	4.99%	13.07%	5.85%	6.75%	7.07%
Earnings Yield	9.84%	7.94%	10.59%	23.30%	12.41%	21.72%	8.99%	16.36%	16.00%	15.43%
Enterprise Value to Invested Capital (EV/IC)	1.39	1.12	1.03	0.95	0.75	0.83	0.82	0.00	0.72	0.73
Enterprise Value to Revenue (EV/Rev)	1.38	1.39	1.08	0.92	0.82	0.84	0.82	0.58	0.80	0.67
Enterprise Value to EBITDA (EV/EBITDA)	9.40	11.94	9.32	4.17	7.77	4.36	11.42	4.55	6.27	5.58
Enterprise Value to EBIT (EV/EBIT)	9.40	11.94	9.32	4.17	7.77	4.36	11.42	4.55	6.27	5.58
Enterprise Value to NOPAT (EV/NOPAT)	11.79	14.91	11.65	5.22	9.57	5.45	13.50	5.89	9.21	8.36
Enterprise Value to Operating Cash Flow (EV/OCF)	8.15	10.14	6.83	6.11	4.51	6.15	6.58	7.29	6.75	5.13
Enterprise Value to Free Cash Flow (EV/FCFF)	6.10	24.33	5.72	38.95	14.08	27.43	0.00	0.27	0.00	7.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.25	0.26	0.23	0.16	0.00	0.19	0.00	0.34	0.25
Long-Term Debt to Equity	0.28	0.25	0.26	0.23	0.16	0.00	0.19	0.00	0.34	0.25
Financial Leverage	0.26	0.25	0.24	0.20	1.28	1.55	-0.90	-0.91	0.30	0.25
Leverage Ratio	4.52	4.11	3.84	3.65	7.09	7.85	4.48	5.01	4.28	4.37
Compound Leverage Factor	4.52	4.10	3.84	3.65	7.10	7.85	4.48	5.00	4.28	4.37
Debt to Total Capital	22.04%	19.89%	20.55%	18.73%	13.51%	100.00%	16.02%	0.00%	25.52%	19.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	22.04%	19.89%	20.55%	18.73%	13.51%	100.00%	16.02%	0.00%	25.52%	19.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.96%	80.11%	79.45%	81.27%	86.49%	0.00%	83.98%	0.00%	74.47%	80.29%
Debt to EBITDA	1.49	2.13	1.86	0.83	1.40	0.74	2.24	0.00	2.23	1.51
Net Debt to EBITDA	1.30	1.86	1.77	0.74	1.23	0.68	2.01	0.00	2.02	1.26
Long-Term Debt to EBITDA	1.49	2.13	1.86	0.83	1.40	0.74	2.24	0.00	2.23	1.51
Debt to NOPAT	1.86	2.66	2.33	1.04	1.73	0.92	2.65	0.00	3.27	2.26
Net Debt to NOPAT	1.63	2.32	2.21	0.93	1.52	0.85	2.38	0.00	2.96	1.88
Long-Term Debt to NOPAT	1.86	2.66	2.33	1.04	1.73	0.92	2.65	0.00	3.27	2.26
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,647	367	1,398	206	380	210	-11,360	12,153	-689	478
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	21.31	5.21	20.96	3.66	8.69	5.25	-269.20	192.91	-13.72	11.40
Operating Cash Flow to Interest Expense	15.96	12.49	17.55	23.34	27.12	23.41	18.02	7.19	12.70	16.42
Operating Cash Flow Less CapEx to Interest Expense	15.96	12.49	17.55	23.34	27.12	23.41	18.02	7.19	12.70	16.42
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.25	0.30	0.36	0.30	0.34	0.53	0.51	0.30	0.31
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,208	8,002	7,770	8,482	7,153	6,974	6,128	-5,603	5,989	4,834
Invested Capital Turnover	0.96	0.82	0.91	1.11	0.93	1.04	23.24	29.45	0.99	1.08
Increase / (Decrease) in Invested Capital	-794	232	-712	1,329	179	847	11,731	-11,593	1,156	-55
Enterprise Value (EV)	10,054	8,929	7,995	8,015	5,348	5,760	5,001	3,300	4,300	3,528
Market Capitalization	8,667	7,540	6,479	6,585	4,500	4,865	4,120	3,425	2,917	2,735
Book Value per Share	$22.16	$22.86	$20.29	$22.45	$20.35	$0.00	$17.00	$0.00	$16.99	$14.84
Tangible Book Value per Share	$22.16	$22.86	$20.29	$22.45	$20.35	$0.00	$17.00	$0.00	$16.99	$14.84
Total Capital	7,208	8,002	7,770	8,482	7,153	974	6,128	0.00	5,989	4,834
Total Debt	1,589	1,591	1,597	1,589	966	974	981	0.00	1,529	953
Total Long-Term Debt	1,589	1,591	1,597	1,589	966	974	981	0.00	1,529	953
Net Debt	1,387	1,388	1,516	1,430	848	895	881	-126	1,383	793
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Net Nonoperating Obligations (NNO)	1,589	1,591	1,597	1,589	967	6,974	982	-5,603	1,529	953
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.30	$2.12	$2.28	$5.08	$1.87	$3.52	$1.26	$2.14	$1.80	$1.63
Adjusted Weighted Average Basic Shares Outstanding	258.03M	282.73M	301.68M	301.95M	298.41M	299.89M	294.25M	262.11M	259.43M	259.50M
Adjusted Diluted Earnings per Share	$3.24	$2.10	$2.26	$5.05	$1.87	$3.51	$1.24	$1.92	$1.62	$1.48
Adjusted Weighted Average Diluted Shares Outstanding	262.88M	285.47M	303.30M	303.67M	298.90M	301.23M	301.02M	299.39M	296.38M	296.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.52	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	248.19M	278.18M	297.15M	307.60M	304.18M	303.79M	302.78M	269.35M	262.81M	262.05M
Normalized Net Operating Profit after Tax (NOPAT)	711	468	566	1,418	452	951	268	482	394	351
Normalized NOPAT Margin	9.74%	7.26%	7.65%	16.29%	6.90%	13.90%	4.39%	8.47%	7.36%	6.71%
Pre Tax Income Margin	14.65%	11.59%	11.57%	22.08%	10.51%	19.34%	7.19%	12.75%	12.81%	12.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.84	10.60	12.86	34.20	15.75	33.06	10.38	11.52	13.66	15.08
NOPAT to Interest Expense	11.03	8.49	10.29	27.30	12.78	26.41	8.78	8.90	9.30	10.08
EBIT Less CapEx to Interest Expense	13.84	10.60	12.86	34.20	15.75	33.06	10.38	11.52	13.66	15.08
NOPAT Less CapEx to Interest Expense	11.03	8.49	10.29	27.30	12.78	26.41	8.78	8.90	9.30	10.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.89%	46.02%	84.46%	66.43%	44.77%	50.99%	134.63%	35.47%	41.51%	-45.32%
Augmented Payout Ratio	142.38%	135.45%	125.42%	66.43%	53.72%	50.99%	134.63%	35.47%	41.51%	-45.32%

This table displays calculated financial ratios and metrics derived from Old Republic International's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.71%	2.45%	35.25%	2.33%	14.63%	-20.11%	0.45%	-3.08%	-23.58%	-15.53%	-16.04%
EBITDA Growth	-22.81%	-44.88%	567.03%	-42.41%	59.95%	-63.41%	153.47%	460.62%	-34.88%	-17.78%	-212.71%
EBIT Growth	-22.81%	-44.88%	567.03%	-42.41%	59.95%	-63.41%	153.47%	460.62%	-34.88%	-17.78%	-212.71%
NOPAT Growth	-22.32%	-44.81%	544.30%	-40.94%	58.48%	-62.79%	162.83%	507.12%	-34.74%	-18.31%	-194.28%
Net Income Growth	-22.64%	-44.78%	544.30%	-40.96%	58.51%	-62.75%	157.36%	487.78%	-34.77%	-18.37%	-203.38%
EPS Growth	-14.78%	-39.13%	594.74%	-35.19%	69.12%	-59.41%	161.29%	515.38%	-32.00%	-16.26%	-206.90%
Operating Cash Flow Growth	44.45%	27.63%	35.73%	161.04%	2.43%	6.06%	-30.07%	-27.40%	-43.75%	-21.67%	9.89%
Free Cash Flow Firm Growth	836.70%	2,288.32%	-228.11%	-149.03%	-124.05%	-103.36%	-132.06%	26.32%	197.36%	274.42%	170.97%
Invested Capital Growth	-10.20%	-9.93%	12.35%	3.95%	5.89%	2.98%	3.19%	-3.47%	-5.06%	-8.39%	-8.12%
Revenue Q/Q Growth	16.77%	-15.94%	28.80%	-8.84%	3.80%	10.97%	-2.55%	2.12%	-27.65%	39.53%	-5.97%
EBITDA Q/Q Growth	134.99%	-69.34%	276.46%	-71.55%	67.83%	271.09%	-67.50%	-20.99%	-61.61%	642.27%	-119.23%
EBIT Q/Q Growth	134.99%	-69.34%	276.46%	-71.55%	67.83%	271.09%	-67.50%	-20.99%	-61.61%	642.27%	-119.23%
NOPAT Q/Q Growth	133.94%	-68.96%	268.77%	-70.99%	66.21%	262.36%	-66.20%	-22.16%	-60.97%	711.80%	-119.05%
Net Income Q/Q Growth	132.67%	-68.93%	269.17%	-71.01%	66.07%	262.55%	-66.17%	-22.17%	-60.97%	658.23%	-128.68%
EPS Q/Q Growth	133.33%	-68.18%	277.14%	-69.57%	66.67%	263.16%	-64.81%	-20.59%	-60.00%	648.39%	-138.46%
Operating Cash Flow Q/Q Growth	-35.94%	-23.82%	100.76%	47.44%	-43.40%	-18.98%	286.09%	-42.15%	-41.39%	-46.58%	300.80%
Free Cash Flow Firm Q/Q Growth	22.54%	252.88%	-177.11%	-41.91%	-263.99%	77.08%	-141.41%	-30.40%	-49.16%	118.84%	63.13%
Invested Capital Q/Q Growth	4.51%	-14.54%	5.23%	-4.46%	4.83%	6.60%	-2.64%	-2.67%	1.96%	6.81%	-8.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	14.88%	7.40%	20.28%	6.94%	22.23%	13.75%	4.11%	12.33%	15.93%	30.02%	-7.72%
EBIT Margin	14.88%	7.40%	20.28%	6.94%	22.23%	13.75%	4.11%	12.33%	15.93%	30.02%	-7.72%
Profit (Net Income) Margin	11.85%	5.95%	16.10%	5.62%	17.66%	11.04%	3.38%	9.73%	12.77%	23.67%	-5.92%
Tax Burden Percent	79.62%	80.50%	79.39%	81.02%	79.43%	80.33%	82.32%	78.97%	80.18%	78.88%	76.67%
Interest Burden Percent	100.03%	99.92%	100.00%	99.91%	100.03%	99.96%	99.84%	100.00%	100.00%	99.98%	99.92%
Effective Tax Rate	20.02%	19.57%	20.61%	18.89%	20.54%	19.71%	17.68%	20.98%	19.78%	21.08%	0.00%
Return on Invested Capital (ROIC)	11.06%	5.71%	14.66%	4.80%	14.46%	9.02%	3.15%	8.53%	10.88%	21.59%	-5.55%
ROIC Less NNEP Spread (ROIC-NNEP)	11.00%	5.71%	14.66%	4.79%	14.45%	9.02%	3.15%	8.52%	10.87%	21.57%	-6.05%
Return on Net Nonoperating Assets (RNNOA)	3.19%	1.51%	4.25%	1.41%	4.06%	2.29%	0.86%	2.17%	2.65%	5.26%	-1.61%
Return on Equity (ROE)	14.25%	7.22%	18.91%	6.21%	18.52%	11.30%	4.01%	10.70%	13.53%	26.85%	-7.16%
Cash Return on Invested Capital (CROIC)	20.58%	21.66%	0.14%	4.42%	3.06%	4.65%	9.31%	13.42%	12.32%	17.20%	19.01%
Operating Return on Assets (OROA)	4.00%	1.99%	5.33%	1.74%	5.66%	3.43%	1.10%	3.31%	4.37%	8.87%	-2.41%
Return on Assets (ROA)	3.18%	1.60%	4.23%	1.41%	4.49%	2.75%	0.91%	2.62%	3.50%	6.99%	-1.85%
Return on Common Equity (ROCE)	14.22%	7.22%	18.91%	6.21%	18.52%	11.30%	4.01%	10.70%	13.53%	26.85%	-7.16%
Return on Equity Simple (ROE_SIMPLE)	13.20%	0.00%	14.55%	10.82%	11.18%	0.00%	15.55%	12.67%	9.16%	0.00%	14.12%
Net Operating Profit after Tax (NOPAT)	246	105	339	92	317	191	53	156	200	512	-84
NOPAT Margin	11.91%	5.94%	16.10%	5.62%	17.67%	11.03%	3.38%	9.74%	12.78%	23.69%	-5.40%
Net Nonoperating Expense Percent (NNEP)	0.06%	-0.01%	0.00%	0.01%	0.01%	-0.01%	0.00%	0.01%	0.01%	0.02%	0.50%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.12%	92.60%	79.72%	93.06%	77.77%	86.25%	95.89%	87.67%	84.07%	69.98%	107.72%
Earnings before Interest and Taxes (EBIT)	308	131	427	113	399	238	64	197	249	649	-120
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	308	131	427	113	399	238	64	197	249	649	-120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.54	1.42	1.39	1.33	1.18	1.25	1.16	1.12	1.05	1.07
Price to Tangible Book Value (P/TBV)	1.64	1.54	1.42	1.39	1.33	1.18	1.25	1.16	1.12	1.05	1.07
Price to Revenue (P/Rev)	1.32	1.19	1.26	1.25	1.28	1.17	1.08	1.04	1.02	0.87	0.78
Price to Earnings (P/E)	12.46	10.16	9.76	12.89	11.94	12.60	8.06	9.18	12.23	9.44	7.57
Dividend Yield	7.87%	3.10%	2.94%	3.30%	3.28%	3.64%	3.70%	3.91%	3.92%	4.32%	12.27%
Earnings Yield	8.02%	9.84%	10.25%	7.76%	8.38%	7.94%	12.40%	10.90%	8.18%	10.59%	13.22%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.39	1.26	1.28	1.24	1.12	1.18	1.12	1.08	1.03	1.04
Enterprise Value to Revenue (EV/Rev)	1.50	1.38	1.46	1.52	1.56	1.39	1.29	1.25	1.24	1.08	0.97
Enterprise Value to EBITDA (EV/EBITDA)	11.32	9.40	9.03	12.56	11.58	11.94	7.64	8.83	11.86	9.32	7.58
Enterprise Value to EBIT (EV/EBIT)	11.32	9.40	9.03	12.56	11.58	11.94	7.64	8.83	11.86	9.32	7.58
Enterprise Value to NOPAT (EV/NOPAT)	14.17	11.79	11.32	15.67	14.52	14.91	9.62	11.10	14.81	11.65	9.43
Enterprise Value to Operating Cash Flow (EV/OCF)	8.50	8.15	9.19	9.92	11.75	10.14	10.25	8.49	8.19	6.83	6.07
Enterprise Value to Free Cash Flow (EV/FCFF)	6.77	6.10	965.37	29.39	41.70	24.33	12.86	8.17	8.57	5.72	5.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.28	0.31	0.33	0.31	0.25	0.27	0.26	0.25	0.26	0.28
Long-Term Debt to Equity	0.27	0.28	0.31	0.33	0.31	0.25	0.27	0.26	0.25	0.26	0.28
Financial Leverage	0.29	0.26	0.29	0.29	0.28	0.25	0.27	0.25	0.24	0.24	0.27
Leverage Ratio	4.46	4.52	4.47	4.39	4.12	4.11	4.43	4.09	3.86	3.84	4.16
Compound Leverage Factor	4.46	4.51	4.47	4.39	4.12	4.10	4.42	4.09	3.86	3.84	4.16
Debt to Total Capital	21.10%	22.04%	23.58%	24.80%	23.69%	19.89%	21.19%	20.63%	20.07%	20.55%	21.95%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	21.10%	22.04%	23.58%	24.80%	23.69%	19.89%	21.19%	20.63%	20.07%	20.55%	21.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.56%	77.96%	76.42%	75.20%	76.31%	80.11%	78.81%	79.37%	79.93%	79.45%	78.05%
Debt to EBITDA	1.62	1.49	1.69	2.44	2.22	2.13	1.37	1.63	2.20	1.86	1.60
Net Debt to EBITDA	1.35	1.30	1.24	2.24	2.06	1.86	1.24	1.53	2.07	1.77	1.50
Long-Term Debt to EBITDA	1.62	1.49	1.69	2.44	2.22	2.13	1.37	1.63	2.20	1.86	1.60
Debt to NOPAT	2.03	1.86	2.12	3.05	2.78	2.66	1.73	2.05	2.74	2.33	1.99
Net Debt to NOPAT	1.69	1.63	1.56	2.79	2.59	2.32	1.56	1.93	2.58	2.21	1.86
Long-Term Debt to NOPAT	2.03	1.86	2.12	3.05	2.78	2.66	1.73	2.05	2.74	2.33	1.99
Noncontrolling Interest Sharing Ratio	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,102	899	-588	-212	-150	-41	-179	433	622	1,224	559
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	51.69	-27.62	-9.56	-9.12	-2.49	-10.93	20.92	36.81	72.41	34.31
Operating Cash Flow to Interest Expense	0.00	20.79	22.29	10.65	9.78	17.18	21.33	4.38	9.27	15.81	30.69
Operating Cash Flow Less CapEx to Interest Expense	0.00	20.79	22.29	10.65	9.78	17.18	21.33	4.38	9.27	15.81	30.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.27	0.26	0.25	0.25	0.25	0.27	0.27	0.27	0.30	0.31
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,533	7,208	8,434	8,015	8,389	8,002	7,507	7,710	7,922	7,770	7,275
Invested Capital Turnover	0.93	0.96	0.91	0.85	0.82	0.82	0.93	0.88	0.85	0.91	1.03
Increase / (Decrease) in Invested Capital	-856	-794	927	304	466	232	232	-277	-422	-712	-643
Enterprise Value (EV)	11,085	10,054	10,619	10,218	10,391	8,929	8,855	8,610	8,589	7,995	7,560
Market Capitalization	9,734	8,667	9,156	8,400	8,540	7,540	7,416	7,116	7,093	6,479	6,066
Book Value per Share	$24.28	$22.16	$24.93	$22.17	$23.56	$22.86	$20.78	$20.90	$21.31	$20.29	$18.38
Tangible Book Value per Share	$24.28	$22.16	$24.93	$22.17	$23.56	$22.86	$20.78	$20.90	$21.31	$20.29	$18.38
Total Capital	7,533	7,208	8,434	8,015	8,389	8,002	7,507	7,710	7,922	7,770	7,275
Total Debt	1,589	1,589	1,988	1,988	1,988	1,591	1,591	1,591	1,590	1,597	1,597
Total Long-Term Debt	1,589	1,589	1,988	1,988	1,988	1,591	1,591	1,591	1,590	1,597	1,597
Net Debt	1,325	1,387	1,463	1,819	1,851	1,388	1,439	1,494	1,497	1,516	1,494
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	1.10	-0.10	0.00	0.10	0.10	-0.10	0.00	0.10	0.10	0.30	7.98
Net Nonoperating Obligations (NNO)	1,589	1,589	1,989	1,988	1,988	1,591	1,591	1,591	1,590	1,597	1,597
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.01	$0.43	$1.35	$0.35	$1.17	$0.70	$0.19	$0.55	$0.68	$1.71	($0.31)
Adjusted Weighted Average Basic Shares Outstanding	243.77M	258.03M	251.64M	260.80M	271.73M	282.73M	277.01M	285.43M	291.95M	301.68M	303.65M
Adjusted Diluted Earnings per Share	$0.98	$0.42	$1.32	$0.35	$1.15	$0.69	$0.19	$0.54	$0.68	$1.70	($0.31)
Adjusted Weighted Average Diluted Shares Outstanding	249.64M	262.88M	256.86M	265.55M	275.43M	285.47M	279.92M	287.88M	293.99M	303.30M	303.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	247.16M	248.19M	253.56M	258.49M	271.83M	278.18M	280.38M	284.64M	292.77M	297.15M	304.30M
Normalized Net Operating Profit after Tax (NOPAT)	208	69	304	54	284	157	19	124	168	483	-112
Normalized NOPAT Margin	10.08%	3.91%	14.45%	3.27%	15.81%	9.07%	1.22%	7.73%	10.76%	22.36%	-7.20%
Pre Tax Income Margin	14.89%	7.39%	20.28%	6.93%	22.23%	13.74%	4.10%	12.33%	15.93%	30.01%	-7.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	7.52	20.04	5.11	24.30	14.39	3.90	9.51	14.75	38.41	-7.34
NOPAT to Interest Expense	0.00	6.05	15.91	4.14	19.32	11.55	3.21	7.52	11.83	30.31	-5.14
EBIT Less CapEx to Interest Expense	0.00	7.52	20.04	5.11	24.30	14.39	3.90	9.51	14.75	38.41	-7.34
NOPAT Less CapEx to Interest Expense	0.00	6.05	15.91	4.14	19.32	11.55	3.21	7.52	11.83	30.31	-5.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	98.37%	31.89%	29.20%	42.21%	38.55%	46.02%	29.98%	75.01%	100.28%	84.46%	128.52%
Augmented Payout Ratio	197.36%	142.38%	116.99%	162.52%	121.84%	135.45%	101.29%	156.92%	171.82%	125.42%	141.59%

Frequently Asked Questions About Old Republic International's Financials

When does Old Republic International's fiscal year end?

According to the most recent income statement we have on file, Old Republic International's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Old Republic International's net income changed over the last 9 years?

Old Republic International's net income appears to be on an upward trend, with a most recent value of $852.70 million in 2024, rising from $422.10 million in 2015. The previous period was $598.60 million in 2023. View Old Republic International's forecast to see where analysts expect Old Republic International to go next.

How has Old Republic International revenue changed over the last 9 years?

Over the last 9 years, Old Republic International's total revenue changed from $5.23 billion in 2015 to $7.30 billion in 2024, a change of 39.7%.

How much debt does Old Republic International have?

Old Republic International's total liabilities were at $22.22 billion at the end of 2024, a 10.6% increase from 2023, and a 68.1% increase since 2015.

How much cash does Old Republic International have?

In the past 8 years, Old Republic International's cash and equivalents has ranged from $81 million in 2022 to $202.80 million in 2023, and is currently $201.90 million as of their latest financial filing in 2024.

How has Old Republic International's book value per share changed over the last 9 years?

Over the last 9 years, Old Republic International's book value per share changed from 14.84 in 2015 to 22.16 in 2024, a change of 49.3%.

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This page (NYSE:ORI) was last updated on 5/29/2025 by MarketBeat.com Staff

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Old Republic International (ORI) Financials

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Old Republic International (ORI) Financials

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