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

Old Republic Q4 2022 Earnings Report

Old Republic reported pretax income, excluding investment gains (losses), of $300.6 million for the quarter and a consolidated combined ratio of 89.6%.

Key Takeaways

Old Republic International Corporation reported solid underwriting results with General Insurance pretax operating income rising 34.6%, while Title Insurance pretax operating income decreased by 67.2%. The consolidated combined ratio was 89.6% for the quarter.

Pretax income, excluding investment gains (losses), was $300.6 million for the quarter.

General Insurance pretax operating income rose 34.6% for the quarter.

Title Insurance pretax operating income decreased by 67.2% due to increasing mortgage interest rates.

Consolidated combined ratio was 89.6% for the quarter, driven by solid underwriting results.

Total Revenue
$2B
Previous year: $2.27B
-11.9%
EPS
$0.8
Previous year: $0.88
-9.1%
General Insurance Combined Ratio
84%
Previous year: 88.2%
-4.8%
Title Insurance Combined Ratio
96.2%
Previous year: 89.4%
+7.6%
Consolidated Combined Ratio
89.6%
Previous year: 88.5%
+1.2%
Gross Profit
$2.35B
Previous year: $2.72B
-13.8%
Cash and Equivalents
$81M
Previous year: $158M
-48.8%
Total Assets
$25.2B
Previous year: $25B
+0.7%

Old Republic

Old Republic

Old Republic Revenue by Segment

Forward Guidance

Old Republic expects revenues in Title Insurance to face headwinds into 2023 due to increasing mortgage interest rates.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Old Republic