Old Republic reports record Q4 pretax op income $335M, EPS $0.88; FY $1.16B

OLD REPUBLIC INTERNATIONAL CORP

2021-FY EPS reported $5.05 revenue$9,341,600,000

Diluted EPS ex-investment gains: Q4 $0.88 (+17.3%), FY $3.08 (+37.5%).
Record pretax income ex gains: Q4 $335.1M (+20.7%), FY $1.16B (+40.2%).
Combined ratio improved to 88.5% (Q4) and 89.9% (FY) from 90.3% and 93.3% in 2020.
Book value per share $22.76 (+9.7% YoY); FY dividends $2.38/share, up from $1.84.

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