Old Republic International Reports Q4 2025 Net Income of $206.3 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy ORI?
Source: PRnewswire
- Net Income Growth: Old Republic International reported a net income of $206.3 million for Q4 2025, a 96.5% increase from $105.1 million in Q4 2024, indicating strong performance in its insurance operations and likely boosting investor confidence.
- Investment Income Volatility: While net investment income improved to $21.5 million in Q4 2025 from -$121.9 million in Q4 2024, net income excluding investment gains fell 18.6% to $184.7 million from $227.0 million, reflecting challenges in core business operations.
- Premium Revenue Increase: The company achieved net premium revenue of $2,130.8 million in Q4 2025, up 9.8% from $1,941.5 million in Q4 2024, showcasing enhanced competitiveness in the market, particularly in commercial auto and general liability insurance.
- Increase in Shareholders' Equity: As of December 31, 2025, total shareholders' equity reached $5,914.0 million, a 5.3% increase from $5,618.9 million in 2024, indicating ongoing improvements in capital management and financial stability.
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Analyst Views on ORI
Wall Street analysts forecast ORI stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 42.630
Low
47.00
Averages
49.00
High
51.00
Current: 42.630
Low
47.00
Averages
49.00
High
51.00
About ORI
Old Republic International Corporation is a specialty insurer that operates diverse property and casualty and title insurance companies. It is a holding company engaged in the single business of insurance underwriting and related services. Its Specialty Insurance segment is characterized as a commercial line’s insurance business with a focus on lines of coverages provided to businesses, state and local governments, and other institutions. The segment has major insurance coverages, including accident and health, aviation, commercial auto, commercial multi-peril (CMP), commercial property, financial indemnity, and home and auto warranty, among others. The Title Insurance segment consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records that contain information concerning interests in real property. The two basic types of title insurance policies issued by the Company are lenders' policies and owners' policies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- XP Investment Bank Gains: Brazilian investment bank XP (XP) also rose 16% in the same period, reflecting market confidence in its business model amidst fluctuating economic data and corporate earnings.
- Sprott and WisdomTree Rise: Canadian asset manager Sprott (SII) and WisdomTree (WT) both advanced 15%, indicating sustained investor interest in the financial services sector despite increased market volatility.
- Old Republic International Decline: Old Republic International (ORI) fell 12% after reporting worse-than-expected Q4 2025 earnings, highlighting weak specialty insurance underwriting results that may impact its future market performance.
See More
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- Decline in Net Operating Income: The company's net operating income dropped to approximately $185 million ($0.74 per share), down from $227 million in Q4 2024, indicating a significant weakening in profitability.
- Deteriorating Combined Ratio: Old Republic's combined ratio increased to 96% from 92.7% a year ago, suggesting a decline in underwriting profitability, which prompted negative reactions from investors.
- Poor Segment Performance: Despite an increase in title insurance revenue to over $47 million, the underwriting losses in specialty insurance and other segments deepened, putting pressure on overall profitability and leading investors to adopt a cautious outlook on future performance.
See More
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- Contained Inflation Pressures: The Personal Consumption Expenditures price index rose 2.8% year-over-year, with core PCE steady, suggesting that inflation remains manageable, which enhances market confidence in the Federal Reserve's policies and may help maintain a low interest rate environment.
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See More
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- Earnings Forecast Adjustment: In its Q4 earnings release, Old Republic reported a ~3 percentage point increase in the 2025 commercial auto initial accident-year loss ratio due to rising loss trends in the liability portion of long-haul trucking case reserves, leading to a 12 percentage point increase in the Q4 loss ratio, indicating potential financial strain.
- Price Target Cut: Piper trimmed its price target for ORI from $51 to $38, reflecting diminished optimism about its specialty underwriting segment and suggesting that the company may face operational challenges in a softening market.
- Market Reaction: Old Republic's stock slid 11% in Thursday midday trading, diverging from the average Wall Street Buy rating, highlighting investor concerns regarding the company's future profitability.
See More
