Old Republic International Corp

Latest Results (15.11.2025):

Old Republic International Corp reported its fourth quarter 2024 financial results, showcasing a mix of continued operating strength and evolving profitability dynamics. The company’s net income per diluted share declined to $0.42 compared to $0.69 last year, while net operating income per diluted share improved to $0.90. Robust insurance underwriting was evident with consolidated pretax operating income reaching $285.0 million, premium earnings growing by 11.4%, and favorable loss reserve developments reinforcing operational efficiency.

Earnings Performance

In Q4 2024, Old Republic International Corp’s diluted net income per share fell to $0.42 from $0.69 in Q4 2023, yet the operating performance improved with net operating income per diluted share rising to $0.90—a 30.4% increase. Consolidated pretax operating income was $285.0 million, reflecting the strength of the company’s core insurance operations.

Premium Growth & Underwriting Efficiency

The company experienced notable premium growth, with consolidated net premiums and fees earned increasing by 11.4% during Q4 2024, contributing to an improved underwriting profile. The consolidated combined ratio was 92.7% compared to 93.3% last year, bolstered by a favorable loss reserve development of 2.9 points, which demonstrates effective risk management in the underwriting business.

Investment Income & Capital Returns

Investment income saw a healthy boost, increasing by 9.8% in the quarter, adding to overall profitability despite lower net income figures that include investment gains (losses). Additionally, Old Republic International Corp returned a total of $733 million to shareholders during Q4 2024, complemented by an increase in book value per share—up 11.1% since year-end 2023 when including the declared dividends.