Monitor the next earnings call for commentary on the Specialty Insurance segment's elevated expense ratio and the Title Insurance segment's underwriting loss, as these could pressure future margins.
Price Chart
Executive Summary
Old Republic International Corp (ORI) reported Q1 2026 earnings with net income excluding investment gains (net operating income) of $170.5 million, down 15.4% year-over-year, and net operating income per diluted share of $0.68, missing consensus by 13.9%. Revenue grew 7.1% to $1.97 billion, but the combined ratio worsened to 96.6% from 93.7% last year due to lower favorable loss reserve development. The company returned $237.5 million to shareholders via dividends and buybacks.
Key Financial Metrics
Key Facts
- Net operating income per diluted share was $0.68, missing consensus of $0.79 by 13.9%
- Net operating income of $170.5 million was down 15.4% year-over-year
- Consolidated net premiums and fees earned were $1.97 billion, up 7.1% year-over-year
- Consolidated combined ratio was 96.6%, worse than 93.7% in Q1 2025
- Favorable loss reserve development was 1.5 points, down from 2.6 points in Q1 2025
- Total capital returned to shareholders was $237.5 million
Financial Impact
EPS miss of 13.9% and 15.4% decline in net operating income
Risk Factors
- Continued deterioration in combined ratio
- Lower favorable loss reserve development impacting profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000074260-26-000066 |
| Document: ori-20260423.htm | 0000074260-26-000066 |
| Document: 0000074260-26-000066-index-headers.html | 0000074260-26-000066 |
| Document: 0000074260-26-000066-index.html | 0000074260-26-000066 |
| Document: 0000074260-26-000066.txt | 0000074260-26-000066 |
| 8-K Data (Synthetic) | 0000074260-26-000066 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $40.08 $38.91 | ▲ +2.92% | ▲ +2.40% | $37.83 (+5.60%) |
Oct 22, 2026 5d ago | Press Release | $40.08 $38.91 | ▲ +2.92% | ▲ +2.40% | $37.83 (+5.60%) |
Aug 14, 2026 10w ago | Press Release | $42.85 $42.51 | ▼ −0.79% | ▼ −0.32% | $37.83 (−11.70%) |
Jul 31, 2026 12w ago | Insider Cluster | $43.21 $43.33 | ▲ +0.28% | ▼ −1.15% | $37.83 (−12.44%) |
Jul 9, 2026 15w ago | Press Release | $41.32 $41.43 | ▲ +0.27% | ▼ −0.16% | $37.83 (−8.43%) |
May 18, 2026 23w ago | 8-K | $39.24 $39.52 | ▲ +0.71% | ▼ −0.33% | $37.83 (−3.59%) |
May 14, 2026 23w ago | 424B5 | $39.15 $39.32 | ▲ +0.43% | ▲ +1.66% | $37.83 (−3.36%) |
May 13, 2026 23w ago | 424B5 | $38.80 $39.15 | ▲ +0.90% | ▲ +0.12% | $37.83 (−2.49%) |
Apr 23, 2026 26w ago | 8-K | $39.90 $40.39 | ▼ −1.23% | ▼ −0.44% | $37.83 (+5.18%) |
US Market Status
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