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Insurance holding company mainly writing title insurance and specialty commercial property-casualty coverage.
Insurance holding company mainly writing title insurance and specialty commercial property-casualty coverage.
Earns from premiums less claims and costs, plus interest and dividends on the premiums it holds until claims are paid. Title insurance is tied to home sales and refinancing volume, while specialty insurance covers companies' liability, workers' compensation and trucking risks, written selectively. Mortgage guaranty insurance has been in run-off, with no new policies, since 2011.
Moat: narrow (scale, distribution). Long-established, conservatively run title and specialty insurer with a diversified agent network.
Headquarters: Chicago, Illinois, United States · Founded: 1923 · Employees: 9,500
Size Old Republic International (ORI) is a United States Financials company (Specialty Insurance) with a market value of $9.50B, the 803rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.61 on 6 Nov 2026.
Performance Over six months the shares gained 0.9%, against -5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 10 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +4.5%); the operating margin is 13.6% (peer median 16.1%).
Valuation It trades at 1.62× book value against a peer median of 1.11× (3rd most expensive of 10).
Price implies The share price implies a return on equity of about 10.4%; Old Republic International delivers 17.9%, so the price asks less than the business earns today.
Credit Old Republic International has 3 bonds outstanding ($1.75B), rated BBB+ by the agencies and trading like BBB- at a weighted spread of 132 bp.
Short interest Short interest is 4.5% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.72B | $9.14B | $8.23B | $7.26B | $8.08B |
| Revenue growth | — | +11% | +13% | -10% | — |
| Net income | $1.10B | $935M | $853M | $599M | $686M |
| Free cash flow | $1.15B | $1.16B | $1.23B | $880M | $1.17B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $1.75B | $1.78B | $1.79B | $1.81B | $1.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Old Republic International ORI | $9.50B | +1% | +11% | 18% | 1.62× | 10.4% |
| Fidelity National Financial, Inc. - FNF FNF | $11.8B | -13% | +13% | 10% | 1.58× | 13.4% |
| First American Financial FAF | $6.84B | -6% | +14% | 14% | 1.27× | 13.2% |
| MGIC Investment MTG | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ORI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.8% | +5.3% | 2nd lowest of 10 |
| 6-month return | +0.9% | -5.5% | 2nd highest of 10 |
| Return on equity | 17.9% | 12.0% | highest of 10 |
| Price / book | 1.62× | 1.11× | 3rd most expensive of 10 |
| Trailing P/E | 8.9× | 9.8× | 3rd cheapest of 10 |
| ROE the price implies | 10.4% | 8.8% | 4th most demanding of 10 |
| ROE delivered | 17.9% | 12.0% | highest of 10 |
| Bond spread | 132 bp | 119 bp | 2nd widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Old Republic International ORI | United States | $9.50B | +1% | +11% | 18% | 1.62× | 10.4% | 17.9% |
| ICICI Lombard General Insurance ICICIGI.NS | India | $8.80B | -11% | +14% | 15% | 4.38× | 53.9% | 14.7% |
| Fidelity National Financial, Inc. - FNF FNF | United States | $11.8B | -13% | +13% | 10% | 1.58× | 13.4% | 10.1% |
| First American Financial FAF | United States | $6.84B | -6% | +14% | 14% | 1.27× | 13.2% | 13.7% |
| General Insurance Corporation of India GICRE.NS | India | $6.37B | -14% | -1% | 9% | 0.60× | 8.9% | 9.1% |
| Essent ESNT | United States | $5.70B | 0% | +4% | 12% | 1.01× | 8.5% | 12.0% |
| Radian RDN | United States | $4.76B | -5% | +28% | 12% | 1.00× | 8.3% | 12.0% |
| Assured Guaranty AGO | United States | $3.23B | -2% | +3% | 6% | 0.58× | 6.0% | 6.3% |
| Coface COFA.PA | France | $2.65B | -4% | +1% | 9% | 1.11× | 8.8% | 9.4% |
| Intact Financial IFC.TO | Canada | $34.7B | +9% | +2% | 14% | 2.48× | 8.7% | 14.4% |
Old Republic International has 3 bonds outstanding with $1.75B face value. The agencies rate it BBB+; its bonds trade like BBB-. Weighted yield 6.29%, a spread of 132 bp over government bonds.