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Old Republic
🇺🇸 NYSE:ORI
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•
Mar 31, 2022

Old Republic Q1 2022 Earnings Report

Old Republic's financial performance for Q1 2022 was reported, demonstrating solid underwriting results in both General and Title Insurance, though Title Insurance results were affected by increasing mortgage interest rates.

Key Takeaways

Old Republic International Corporation reported a pretax income, excluding investment gains, of $237.5 million for the quarter. The consolidated combined ratio was 91.9%. Consolidated net premiums and fees earned was $1.9 billion, representing growth of 4.4% compared to the 2021 period.

Pretax income, excluding investment gains, was $237.5 million.

Consolidated net premiums and fees earned grew by 4.4% to $1.9 billion.

General Insurance net earned premiums increased by 6.0%.

The consolidated combined ratio was 91.9%.

Total Revenue
$2.06B
Previous year: $1.98B
+4.1%
EPS
$0.63
Previous year: $0.69
-8.7%
General Insurance Combined Ratio
91.6%
Previous year: 91.6%
+0.0%
Title Insurance Combined Ratio
92.9%
Previous year: 90.3%
+2.9%
Consolidated Combined Ratio
91.9%
Previous year: 90.9%
+1.1%
Gross Profit
$2.21B
Previous year: $2.35B
-6.3%
Cash and Equivalents
$95.1M
Previous year: $123M
-22.9%
Total Assets
$25.1B
Previous year: $23B
+9.0%

Old Republic

Old Republic

Old Republic Revenue by Segment

Forward Guidance

Management believes results are best evaluated by looking at underwriting and overall operating performance trends over 10-year intervals. These likely include one or two economic and/or underwriting cycles.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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