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Old Republic
🇺🇸 NYSE:ORI
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•
Dec 31, 2019

Old Republic Q4 2019 Earnings Report

Old Republic's fourth quarter earnings were released, revealing a net income of $275.8 million. The consolidated results were positively influenced by the Title Insurance segment, although net income was significantly impacted by changes in the fair value of equity securities.

Key Takeaways

Old Republic International Corporation reported a net income of $275.8 million for Q4 2019, driven by greater profitability in the Title Insurance segment. However, the total and per share net income were significantly impacted by changes in the fair value of equity securities.

Net income for Q4 2019 was $275.8 million.

Title Insurance segment profitability drove consolidated results.

Net income was significantly impacted by changes in the fair value of equity securities.

The annualized dividend rate of $0.80 per share marks the 38th consecutive year of dividend increase.

Total Revenue
$1.76B
Previous year: $1.59B
+10.9%
EPS
$0.47
Previous year: $0.45
+4.4%
General Insurance Combined Ratio
98.8%
Title Insurance Combined Ratio
90.6%
Consolidated Combined Ratio
95.1%
Gross Profit
$1.93B
Previous year: $1.28B
+50.6%
Cash and Equivalents
$10.4B
Total Assets
$21.1B
Previous year: $19.3B
+9.1%

Old Republic

Old Republic

Old Republic Revenue by Segment

Forward Guidance

Management targets annually reported claim ratio averages in the high 60% to low 70% range, and assuming the current mix of coverages, overall expense ratio averages between 23% and 25%, with resulting composite ratio averages between 90% and 95%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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