---
schema_version: "secwatch.filing_event.v1"
accession: "0000074260-22-000020"
form_type: "8-K"
ticker: "ORI"
cik: "0000074260"
company_name: "OLD REPUBLIC INTERNATIONAL CORP"
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:54:59.404854+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ORI Q1 adj. EPS $0.63 (-8.7%); Title Insurance profit down 21.9% on rate hikes

## Summary
- Net income excluding investment gains fell to $191.7M ($0.63 diluted) from $206.3M ($0.69), down 8.7% YoY.
- Consolidated combined ratio worsened to 91.9% from 90.9%, as expense ratio rose to 60.2% from 58.1%.
- Title Insurance pretax operating income declined 21.9% to $80.9M as rising mortgage rates reduced refinance activity.
- General Insurance pretax operating income up 1.2% to $142.5M, with net premiums earned up 6.0% but expense ratio elevated.
- Book value per share $22.23, down 2.3% from year-end due to unrealized fixed-income losses; dividend increased to $0.23.

## SEC filing metadata
- accession: 0000074260-22-000020
- form_type: 8-K
- ticker: ORI
- cik: 0000074260
- company_name: OLD REPUBLIC INTERNATIONAL CORP
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74260/000007426022000020/0000074260-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74260/000007426022000020/ori-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074260-22-000020
- JSON: https://secwatch.observer/filing/0000074260-22-000020.json
- Plain text: https://secwatch.observer/filing/0000074260-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.