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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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