Old Republic International (ORI) Reports Q4 2025 Earnings Miss, Shares Drop 11%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: seekingalpha
- Earnings Miss: Old Republic International reported Q4 2025 operating EPS of $0.74, falling short of the $0.88 analyst estimate and down from $0.78 in Q3 and $0.90 a year ago, indicating pressure on profitability.
- Revenue Growth vs. Rising Expenses: Total operating revenue reached $2.36 billion, exceeding the expected $2.31 billion and up from $2.32 billion in Q3 and $2.16 billion in Q4 2024, yet expenses rose to $2.13 billion, reflecting challenges in cost control.
- Slight Increase in Investment Income: Net investment income increased to $183.8 million from $182.6 million in Q3, up 7.9% year-over-year, driven by higher investment yields and a larger asset base, demonstrating stability in investment management.
- Rising Loss Ratio: The combined ratio for Q4 was 96.0%, up from 95.3% in Q3 and 92.7% in Q4 2024, indicating increased loss pressures in specialty insurance underwriting, which may impact future profitability.
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Analyst Views on ORI
Wall Street analysts forecast ORI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ORI is 49.00 USD with a low forecast of 47.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.050
Low
47.00
Averages
49.00
High
51.00
Current: 39.050
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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Old Republic International Reports Q4 Revenue of $2.39 Billion, Net Income Drops to $185 Million
- Lackluster Revenue Growth: Old Republic International reported fourth-quarter revenue of $2.39 billion, a 19% year-over-year increase, yet it fell short of analysts' expectations of $2.31 billion, raising concerns about its growth potential.
- 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.
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