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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%
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%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Old Republic International Corporation vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Old Republic International Corporation (ORI) Latest News

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stockrow.com/ORI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com