Wednesday 4 November 2026 Export ORI’s income statement to Excel — free account

Old Republic International Corporation

ORI Financial Insurance Property & Casualty

Old Republic International Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.1 billion, up 11.0% from fiscal 2024.

Revenue: +5.21%
EPS: −11.6%
Free cash flow: −23.9%
Total debt: +10.1%

Quarter to September 2026, against a year earlier

Insider buying

39.86 1.08 +2.78%

Follow ORI

Alert me

Market cap: $9.3B
P/E: 8.5×
Fwd P/E: 8.9×
Dividend yield: 3.19%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Old Republic International Corporation (ORI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2023: revenue by segment, and margins
Total of major segments	7,388	101.78%
Gross margin		11.50%
Operating margin		11.50%
Pre-tax margin		10.30%

Revenue by segment $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Total of major segments	7,388 101.78%	8,228 101.79%	8,536 91.38%	7,267 101.40%	6,776 90.82%	6,448 103.02%	6,001 95.82%	5,792 98.16%	5,639 97.80%	5,188 93.81%	5,229 96.07%	4,854 97.66%	4,445 95.69%	3,902 95.12%	3,713 97.62%
Other	—	—	—	150 2.09%	170 2.28%	169 2.70%	170 2.72%	130 2.21%	118 2.05%	135 2.44%	123 2.27%	126 2.54%	144 3.09%	146 3.55%	138 3.63%
Intersegment Eliminations	—	—	—	—	—	(123) (1.96%)	(120) (1.92%)	(95) (1.61%)	(82) (1.43%)	(65) (1.18%)	(58) (1.06%)	(58) (1.17%)	(59) (1.27%)	(54) (1.33%)	(54) (1.41%)
Other, not broken out	—	—	806 8.62%	—	515 6.90%	—	212 3.38%	73 1.24%	91 1.58%	272 4.93%	148 2.72%	48 0.96%	116 2.49%	109 2.66%	—
Eliminations	(129) (1.78%)	(145) (1.79%)	—	(250) (3.49%)	—	(236) (3.77%)	—	—	—	—	—	—	—	—	—
Revenue	7,258	8,084	9,342	7,166	7,461	6,259	6,263	5,901	5,766	5,531	5,443	4,970	4,646	4,103	3,804

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Consolidated combined ratio	Q3 FY2026	96.1%	95.3%	—
Consolidated current year loss ratio	Q4 FY2025	45.2%	43.7%	—
Consolidated expense ratio	Q4 FY2025	53.2%	51.9%	—
Consolidated loss ratio	Q4 FY2025	42.8%	40.8%	—
Consolidated prior years loss ratio	Q4 FY2025	−2.40%	−2.90%	—
Favorable loss reserve development	Q3 FY2026	1.10	2.50	−56.00%
General Insurance prior years loss ratio	Q3 FY2026	−0.80%	−3.40%	—
Specialty Insurance combined ratio	Q3 FY2026	96.0%	94.8%	—
Specialty Insurance current year loss ratio	Q3 FY2026	64.8%	66.9%	—
Specialty Insurance expense ratio	Q3 FY2026	32.0%	31.3%	—
Specialty Insurance loss ratio	Q3 FY2026	64.0%	63.5%	—
Specialty Insurance net premiums written	Q3 FY2026	$1.6B	$1.5B	+10.48%
Title Insurance combined ratio	Q3 FY2026	96.1%	96.4%	—
Title Insurance current year loss ratio	Q3 FY2026	3.70%	3.50%	—
Title Insurance expense ratio	Q3 FY2026	94.0%	93.7%	—
Title Insurance loss ratio	Q3 FY2026	2.10%	2.70%	—
Title Insurance prior years loss ratio	Q3 FY2026	−1.60%	−0.80%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Consolidated combined ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated current year loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated expense ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consolidated prior years loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Favorable loss reserve development	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
General Insurance prior years loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Insurance combined ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Insurance current year loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Insurance expense ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Insurance loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Specialty Insurance net premiums written	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title Insurance combined ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title Insurance current year loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title Insurance expense ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title Insurance loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Title Insurance prior years loss ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.