Wednesday 14 October 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. In the quarter to June 2026, revenue grew 13.4%, EPS grew 61.5%, free cash flow grew 49.3% and total debt rose 43.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

38.41 0.26 +0.68%

Follow ORI

Alert me

Market cap: $9.2B
P/E: 8.2×
Fwd P/E: 11.7×
Dividend yield: 3.22%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10

Total sells 2.48

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	—	—	—	1	—	1	—	—	—	—	—
Sell	1	—	—	1	—	—	1	—	2	1	1	—

Insider Ownership 7.11%

Capital & Financial Ratios $m

Market Cap 9,210.00

Revenue 9,717.00

Net Income 1,141.30

Free Cash Flow 1,279.90

Net Debt 1,866.30

Current Ratio 0.19

Debt/Equity 0.38

P/E ratio 8.20

Fwd P/E 11.70

P/S ratio 0.95

P/B ratio 1.51

Past 5Y EPS Growth 14.75%

This Y EPS Growth (6.08%)

Next Y EPS Growth 10.67%

Next Y revenue growth 8.71%

Next 5Y EPS Growth 2.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 19.66%

10-year low 10-year high

P/S against its own 10 years 53.56%

10-year low 10-year high

P/B against its own 10 years 84.77%

10-year low 10-year high

Dividends

Payout Ratio 0.27

Annual Dividend Rate 1.24

Annual Dividend Yield 3.22%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.26	2.50 0.32 0.32 0.32
2025	1.16	2.00 0.29 0.29 0.29 0.29
2024	1.06	0.27 0.27 0.27 0.27
2023	0.98	0.25 0.25 0.25 0.25
2022	0.69	0.23 0.23 1.00 0.23
2021	0.88	1.00 0.22 0.22 0.22 1.50 0.22
2020	0.84	0.21 0.21 0.21 0.21
2019	0.80	0.20 0.20 0.20 0.20
2018	0.78	1.00 0.20 0.20 0.20 0.20
2017	0.76	0.19 0.19 0.19 0.19
2016	0.75	0.19 0.19 0.19 0.19

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	203	202	263	418
Receivables	2,943	3,080	3,397	3,701
Inventory	—	—	—	—
Other	—	—	—	—
	3,146	3,282	3,660	4,119

	2023	2024	2025	Q'26
Payables	17,112	18,817	20,364	21,759
ST’ Debt	—	—	—	—
Other	—	—	—	—
	17,112	18,817	20,364	21,759

Compound Annual Growth %

	10y	5y	3y
Sales	4.71%	4.98%	4.16%
Cash Flow	5.40%	(0.35%)	(0.18%)
Earnings	8.28%	10.86%	10.87%
Book Value	4.33%	(0.85%)	(1.34%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,399	2,504	—	—	—
’25	2,114	2,209	2,424	2,390	9,136
’24	2,016	1,872	2,342	2,002	8,232
’23	1,759	1,798	1,760	1,941	7,258
’22	2,207	1,810	1,721	2,346	8,084
’21	2,355	2,254	2,012	2,721	9,342
’20	764	2,027	1,952	2,423	7,166

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	281	200	—	—	—
’25	232	134	564	235	1,164
’24	160	237	475	362	1,233
’23	157	91	350	283	880
’22	278	125	500	267	1,171
’21	296	219	455	341	1,312
’20	216	222	371	376	1,185

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	281	200	—	—	—
’25	232	134	564	235	1,164
’24	160	237	475	362	1,233
’23	157	91	350	283	880
’22	278	125	500	267	1,171
’21	296	219	455	341	1,312
’20	216	222	371	376	1,185

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.32	1.31	—	—	—
’25	0.98	0.81	1.11	0.82	3.72
’24	1.15	0.35	1.32	0.42	3.24
’23	0.68	0.54	0.19	0.69	2.10
’22	1.00	(0.13)	(0.31)	1.73	2.26
’21	1.68	1.05	0.29	2.06	5.05
’20	(2.01)	1.34	0.83	1.74	1.87

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.51	17.92	19.48	19.68	11.88	17.94	20.27	23.31	27.20	33.00	Analyst estimates 2026–2028 Powerpack
	High	20.00	21.56	23.05	24.10	23.62	26.69	27.19	29.89	39.27	46.76
People
People	Employees	8,500	8,700	9,000	9,000	9,000	9,600	9,500	9,200	9,400	9,500
	Revenue/emp, $m	0.69	0.72	0.70	0.83	0.80	0.97	0.85	0.79	0.88	0.96
Income, $m
Income, $m	Revenue	5,901	6,263	6,259	7,461	7,166	9,342	8,084	7,258	8,232	9,136
	Gross margin, %	12.79	12.90	7.99	18.63	10.48	21.42	11.59	11.50	14.22	13.91
	EBT	686	725	438	1,322	688	1,922	857	747	1,070	1,184
	EBT margin, %	11.63	11.58	7.00	17.73	9.61	20.58	10.61	10.30	13.00	12.96
	Net income	467	561	371	1,056	559	1,534	686	599	853	942
	Depreciation	—	—	—	—	—	—	—	—	—	—
Per share, $
Per share, $	Revenue	22.74	23.89	21.27	24.88	24.01	30.94	26.80	25.67	31.90	37.27
	Earnings	1.80	2.14	1.26	3.52	1.87	5.08	2.28	2.10	3.30	3.82
	Cash flow	2.46	1.73	2.58	3.12	3.97	4.34	3.88	3.11	4.78	4.75
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	2.46	1.73	2.58	3.12	3.97	4.34	3.88	3.11	4.78	4.75
	Book value	17.19	18.06	17.49	20.01	20.73	22.83	20.46	22.67	21.78	24.19
	Shares, m	259	262	294	300	298	302	302	283	258	245
Valuation, ×
Valuation, ×	P/E	10.54	9.89	16.66	6.34	10.37	4.82	10.46	13.90	10.98	11.94
	P/S	0.84	0.88	0.97	0.90	0.82	0.79	0.90	1.15	1.13	1.22
	P/B	1.11	1.17	1.18	1.12	0.95	1.08	1.18	1.30	1.66	1.89
	EV/Sales	1.07	1.09	1.11	1.02	0.94	0.95	1.09	1.34	1.30	1.37
	EV/FCF	9.93	15.12	9.12	8.12	5.68	6.75	7.52	11.04	8.70	10.75
Cash, $m
Cash, $m	Operating cash flow	637	453	761	936	1,185	1,312	1,171	880	1,233	1,164
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	637	453	761	936	1,185	1,312	1,171	880	1,233	1,164
Balance, $m
Balance, $m	Working capital	(6,861)	(6,872)	(7,108)	(7,411)	(7,709)	(7,903)	(13,804)	(13,966)	(15,535)	(16,704)
	Total debt	1,529	1,449	981	974	966	1,589	1,597	1,591	1,589	1,590
	Net debt	1,383	1,323	881	895	848	1,430	1,516	1,388	1,387	1,327
	Shareholders’ equity	4,461	4,733	5,146	6,000	6,187	6,893	6,173	6,411	5,619	5,928
Returns, %
Returns, %	ROA	2.62	2.95	1.91	5.23	2.55	6.42	2.74	2.32	3.14	3.24
	ROIC	8.07	8.34	5.19	12.60	6.67	15.03	7.61	6.69	10.44	10.95
	ROE	11.19	12.19	7.50	18.96	9.17	23.46	10.51	9.51	14.18	16.20

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AIZ Assurant, Inc.	$13.4B	13.1×	12.9×	+9.37% (above 0%: growing)	+30.00% (above 0%: growing)	+99.03% (above 0%: growing)	78.34%	11.73%	Compare
CNA CNA Financial Corporation	$12.7B	10.4×	10.9×	+3.01% (above 0%: growing)	+7.27% (above 0%: growing)	+16.91% (above 0%: growing)	43.35%	11.44%	Compare
AFG American Financial Group, Inc.	$12.0B	12.7×	11.3×	+5.51% (above 0%: growing)	+44.44% (above 0%: growing)	−68.13% (below 0%: shrinking)	23.15%	16.75%	Compare
ORI Old Republic International Corporation	$9.2B	8.2×	11.7×	+13.37% (above 0%: growing)	+61.45% (above 0%: growing)	+49.25% (above 0%: growing)	17.62%	17.62%
THG The Hanover Insurance Group, Inc.	$7.8B	10.7×	10.4×	+4.34% (above 0%: growing)	+27.21% (above 0%: growing)	+2.20% (above 0%: growing)	44.24%	14.75%	Compare
KNSL Kinsale Capital Group, Inc.	$7.7B	14.1×	15.2×	+16.75% (above 0%: growing)	+33.51% (above 0%: growing)	−5.14% (below 0%: shrinking)	40.91%	40.68%	Compare
MCY Mercury General Corporation	$5.7B	6.1×	8.7×	+13.80% (above 0%: growing)	+58.14% (above 0%: growing)	−45.52% (below 0%: shrinking)	27.24%	19.93%	Compare
RLI RLI Corp.	$5.2B	12.1×	19.5×	+15.15% (above 0%: growing)	+35.82% (above 0%: growing)	−17.87% (below 0%: shrinking)	43.61%	36.86%	Compare
HGTY Hagerty, Inc.	$5.2B	93.1×	— (loss-making)	−6.46% (below 0%: shrinking)	n/m	+238.74% (above 0%: growing)	100.00%	18.38%	Compare
Median of peers	$7.7B	12.4×	11.3×	+7.44%	+33.51%	−1.47%	43.48%	17.57%

All 45 Insurance Property & Casualty stocks →

Old Republic International Corporation (ORI) key facts

Strength: Old Republic International Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.1 billion, up 11.0% from fiscal 2024.
Old Republic International Corporation (ORI) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
As of October 14, 2026, ORI traded at $38.41, a market capitalization of $9.2 billion.
Old Republic International Corporation pays an annual dividend of $1.24 per share, a yield of 3.22%, with a payout ratio of 27.1%.
Return on equity was 16.2% and debt-to-equity 0.38.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.