Old Republic Q1 Earnings Miss Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy ORI?
Source: seekingalpha
- Earnings Shortfall: Old Republic reported a Q1 non-GAAP EPS of $0.68, missing expectations by $0.11, indicating pressure on profitability that may affect investor confidence.
- Lackluster Revenue Growth: The company generated $2.2 billion in revenue, a 6.8% year-over-year increase, but fell short of expectations by $70 million, reflecting intensified market competition and challenges in business expansion.
- Net Premium Income Increase: Consolidated net premiums and fees earned reached $1.97 billion, compared to nearly $1.85 billion last year, indicating stability in premium income, yet overall profitability still requires improvement.
- Shareholder Returns: Total capital returned to shareholders amounted to $237.5 million, demonstrating a commitment to shareholders, which, despite the poor overall financial performance, helps maintain shareholder trust.
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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: 39.480
Low
47.00
Averages
49.00
High
51.00
Current: 39.480
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 coverage 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.
Old Republic International Corporation Unveils Brand Refresh
- Brand Image Update: Old Republic International Corporation has launched a brand refresh featuring a modernized corporate logo and visual system aimed at enhancing communication consistency and clarity with customers and distribution partners, thereby boosting market competitiveness.
- Brand Name Adjustments: Several operating companies will adopt updated brand names that better reflect their identities while emphasizing their shared connection within Old Republic's decentralized environment, further enhancing brand recognition.
- Implementation Plan: The brand updates will roll out throughout 2026, including updates to marketing materials, digital properties, signage, business correspondence, and certain legal entity names, ensuring comprehensive brand consistency.
- Industry Event Launch: Old Republic will officially unveil its new brand at the RISKWORLD event in Philadelphia from May 3-6, showcasing its unique collection of specialty operating companies and reinforcing the collective strength of the brand.
See More
Old Republic Insurance Companies Ratings Affirmed
- Rating Affirmation: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Ratings of "aa-" (Superior) for Old Republic Insurance Companies, reflecting its strong balance sheet and robust operating performance, underscoring its leadership in the U.S. property/casualty insurance market.
- Subsidiary Ratings: Concurrently, AM Best affirmed the ratings of Old Republic National Title Insurance Company and American Guaranty Title Insurance Company, both rated A+ (Superior) and "aa-" (Superior), indicating their strategic role and strong financial foundation within the Old Republic enterprise.
- Life Insurance Company Rating: Old Republic Life Insurance Company received a Financial Strength Rating of A- (Excellent) and a Long-Term Credit Rating of "a-" (Excellent), highlighting its strategic importance despite its smaller size, particularly in managing claims and mortality changes.
- Canadian Subsidiary Rating: Old Republic Canada has been rated A (Excellent) for Financial Strength and "a+" (Excellent) for Long-Term Credit, reflecting its strategic significance within the Old Republic enterprise, although it faces market challenges, it maintains good asset quality and profitability.
See More
Old Republic International Q1 2026 Earnings Call Insights
- Declining Profitability: Old Republic International reported a consolidated pretax operating income of $211.5 million for Q1 2026, down from $252.7 million last year, with a combined ratio of 96.6%, indicating a decline in profitability that may affect investor confidence.
- Shareholder Return Strategy: The company paid nearly $77 million in dividends and repurchased $161 million worth of shares during the quarter, demonstrating a commitment to shareholder returns despite profitability pressures, maintaining an active capital return approach.
- Insurance Business Growth: Specialty insurance saw a 3.4% increase in net premiums written, driven by strong rate increases in commercial auto and general liability, although a decline in renewal retention ratios indicates a need to address customer retention issues while remaining competitive in the market.
- Future Outlook: Management expects net investment income growth to remain in the low to mid-single digits for the remainder of 2026, emphasizing a cautious approach in the current interest rate environment, while planning to close the ECM acquisition around July 1 to drive future revenue growth.
See More
Old Republic International Reports Q1 2026 Financial Results
- Net Income Growth: In Q1 2026, Old Republic International reported net income of $330 million, a 34.7% increase from $245 million in 2025, indicating sustained profitability in its insurance operations despite potential volatility in investment gains affecting long-term financial stability.
- Earnings Per Share Change: Diluted earnings per share rose from $0.98 in 2025 to $1.32 in 2026, reflecting a 34.7% increase, showcasing effective cost control and revenue enhancement strategies, although the 15.4% decline in core earnings excluding investment gains indicates challenges in the core business.
- Premium Revenue Increase: The net premiums earned for the first quarter reached $1.972 billion, up 7.1% year-over-year, with the specialty insurance segment contributing a 4.7% growth, demonstrating strong market momentum, particularly in commercial auto and general liability insurance sectors.
- Stable Shareholder Equity: As of March 31, 2026, total shareholders' equity stood at $5.912 billion, virtually unchanged from $5.914 billion at the end of 2025, reflecting robust capital management amidst market fluctuations and challenges.
See More
Old Republic Q1 Earnings Miss Expectations
- Earnings Shortfall: Old Republic reported a Q1 non-GAAP EPS of $0.68, missing expectations by $0.11, indicating pressure on profitability that may affect investor confidence.
- Lackluster Revenue Growth: The company generated $2.2 billion in revenue, a 6.8% year-over-year increase, but fell short of expectations by $70 million, reflecting intensified market competition and challenges in business expansion.
- Net Premium Income Increase: Consolidated net premiums and fees earned reached $1.97 billion, compared to nearly $1.85 billion last year, indicating stability in premium income, yet overall profitability still requires improvement.
- Shareholder Returns: Total capital returned to shareholders amounted to $237.5 million, demonstrating a commitment to shareholders, which, despite the poor overall financial performance, helps maintain shareholder trust.
See More
Old Republic Set to Announce Q1 Earnings on April 23
- Earnings Announcement Date: Old Republic (ORI) is set to announce its Q1 earnings on April 23 before market open, with a consensus EPS estimate of $0.79, reflecting a 2.5% year-over-year decline, which may impact investor sentiment.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $2.27 billion, representing a 10.2% year-over-year increase, indicating the company's stable growth potential in the market, which could attract more investor interest.
- Historical Performance Review: Over the past two years, Old Republic has beaten EPS estimates 75% of the time and revenue estimates 88% of the time, demonstrating reliability in financial performance that may bolster market confidence in its future results.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, while revenue estimates saw two upward revisions, indicating market divergence regarding the company's future performance, which could influence investor decisions.
See More
Old Republic International Corporation Unveils Brand Refresh
- Brand Image Update: Old Republic International Corporation has launched a brand refresh featuring a modernized corporate logo and visual system aimed at enhancing communication consistency and clarity with customers and distribution partners, thereby boosting market competitiveness.
- Brand Name Adjustments: Several operating companies will adopt updated brand names that better reflect their identities while emphasizing their shared connection within Old Republic's decentralized environment, further enhancing brand recognition.
- Implementation Plan: The brand updates will roll out throughout 2026, including updates to marketing materials, digital properties, signage, business correspondence, and certain legal entity names, ensuring comprehensive brand consistency.
- Industry Event Launch: Old Republic will officially unveil its new brand at the RISKWORLD event in Philadelphia from May 3-6, showcasing its unique collection of specialty operating companies and reinforcing the collective strength of the brand.
See More
Old Republic Insurance Companies Ratings Affirmed
- Rating Affirmation: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and Long-Term Issuer Credit Ratings of "aa-" (Superior) for Old Republic Insurance Companies, reflecting its strong balance sheet and robust operating performance, underscoring its leadership in the U.S. property/casualty insurance market.
- Subsidiary Ratings: Concurrently, AM Best affirmed the ratings of Old Republic National Title Insurance Company and American Guaranty Title Insurance Company, both rated A+ (Superior) and "aa-" (Superior), indicating their strategic role and strong financial foundation within the Old Republic enterprise.
- Life Insurance Company Rating: Old Republic Life Insurance Company received a Financial Strength Rating of A- (Excellent) and a Long-Term Credit Rating of "a-" (Excellent), highlighting its strategic importance despite its smaller size, particularly in managing claims and mortality changes.
- Canadian Subsidiary Rating: Old Republic Canada has been rated A (Excellent) for Financial Strength and "a+" (Excellent) for Long-Term Credit, reflecting its strategic significance within the Old Republic enterprise, although it faces market challenges, it maintains good asset quality and profitability.
See More
Old Republic International Q1 2026 Earnings Call Insights
- Declining Profitability: Old Republic International reported a consolidated pretax operating income of $211.5 million for Q1 2026, down from $252.7 million last year, with a combined ratio of 96.6%, indicating a decline in profitability that may affect investor confidence.
- Shareholder Return Strategy: The company paid nearly $77 million in dividends and repurchased $161 million worth of shares during the quarter, demonstrating a commitment to shareholder returns despite profitability pressures, maintaining an active capital return approach.
- Insurance Business Growth: Specialty insurance saw a 3.4% increase in net premiums written, driven by strong rate increases in commercial auto and general liability, although a decline in renewal retention ratios indicates a need to address customer retention issues while remaining competitive in the market.
- Future Outlook: Management expects net investment income growth to remain in the low to mid-single digits for the remainder of 2026, emphasizing a cautious approach in the current interest rate environment, while planning to close the ECM acquisition around July 1 to drive future revenue growth.
See More
Old Republic International Reports Q1 2026 Financial Results
- Net Income Growth: In Q1 2026, Old Republic International reported net income of $330 million, a 34.7% increase from $245 million in 2025, indicating sustained profitability in its insurance operations despite potential volatility in investment gains affecting long-term financial stability.
- Earnings Per Share Change: Diluted earnings per share rose from $0.98 in 2025 to $1.32 in 2026, reflecting a 34.7% increase, showcasing effective cost control and revenue enhancement strategies, although the 15.4% decline in core earnings excluding investment gains indicates challenges in the core business.
- Premium Revenue Increase: The net premiums earned for the first quarter reached $1.972 billion, up 7.1% year-over-year, with the specialty insurance segment contributing a 4.7% growth, demonstrating strong market momentum, particularly in commercial auto and general liability insurance sectors.
- Stable Shareholder Equity: As of March 31, 2026, total shareholders' equity stood at $5.912 billion, virtually unchanged from $5.914 billion at the end of 2025, reflecting robust capital management amidst market fluctuations and challenges.
See More
Old Republic Q1 Earnings Miss Expectations
- Earnings Shortfall: Old Republic reported a Q1 non-GAAP EPS of $0.68, missing expectations by $0.11, indicating pressure on profitability that may affect investor confidence.
- Lackluster Revenue Growth: The company generated $2.2 billion in revenue, a 6.8% year-over-year increase, but fell short of expectations by $70 million, reflecting intensified market competition and challenges in business expansion.
- Net Premium Income Increase: Consolidated net premiums and fees earned reached $1.97 billion, compared to nearly $1.85 billion last year, indicating stability in premium income, yet overall profitability still requires improvement.
- Shareholder Returns: Total capital returned to shareholders amounted to $237.5 million, demonstrating a commitment to shareholders, which, despite the poor overall financial performance, helps maintain shareholder trust.
See More
Old Republic Set to Announce Q1 Earnings on April 23
- Earnings Announcement Date: Old Republic (ORI) is set to announce its Q1 earnings on April 23 before market open, with a consensus EPS estimate of $0.79, reflecting a 2.5% year-over-year decline, which may impact investor sentiment.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $2.27 billion, representing a 10.2% year-over-year increase, indicating the company's stable growth potential in the market, which could attract more investor interest.
- Historical Performance Review: Over the past two years, Old Republic has beaten EPS estimates 75% of the time and revenue estimates 88% of the time, demonstrating reliability in financial performance that may bolster market confidence in its future results.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and two downward revisions, while revenue estimates saw two upward revisions, indicating market divergence regarding the company's future performance, which could influence investor decisions.
See More
