8-K
filed January 26, 2023, 6:59 PM ET
ticker ORI
CIK 0000074260
earnings
confidence high
sentiment neutral
materiality 0.70
Old Republic Q4 pretax op income ex-invest gains down 10.3%; Title profits plunge 67.2%
OLD REPUBLIC INTERNATIONAL CORP
2022-FY EPS reported
$2.26
revenue$8,083,700,000
- Q4 2022 pretax operating income ex-investment gains $300.6M vs $335.1M (-10.3%); adj. diluted EPS $0.80 vs $0.88 (-9.1%).
- General Insurance pretax op income rose 34.6% to $241.6M; combined ratio improved to 84.0% from 88.2%.
- Title Insurance pretax op income fell 67.2% to $45.0M on 29.4% premium decline; combined ratio worsened to 96.2% (89.4% prior year).
- Returned $243.7M to shareholders in Q4 ($67.2M dividends, $176.4M buybacks); remaining buyback authority $169M at year-end.
- Book value per share $21.05 (-7.5% YoY); total shareholder return including dividends +0.9% for full year 2022.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
OLD REPUBLIC INTERNATIONAL CORP reported the quarter ended December 31, 2022 results: revenue 2,345.5, net income $512.1, EPS $1.73.
- Period
- the quarter ended December 31, 2022
- Revenue
- 2,345.5
- Net income
- $512.1
- EPS
- $1.73
- Result
- reported results
Exact text from the filing
(8.6) 62.2 6.9 Unrealized from changes in fair value of equity securities 378.4 463.0 (263.4) 751.1 Total investment gains (losses) 348.3 454.3 (201.1) 758.0 Total revenues 2,345.5 2,720.5 8,083.7 9,341.6 Operating expenses: Loss and loss adjustment expenses 565.0 574.1 (1.6) 2,440.2 2,420.9 0.8 Sales and general expenses 1,114.7 1,340.4 (16.8) 4,719.2
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
OLD REPUBLIC INTERNATIONAL CORP reported the year ended December 31, 2022 results: revenue 8,083.7, net income $686.4, EPS $2.26.
- Period
- the year ended December 31, 2022
- Revenue
- 8,083.7
- Net income
- $686.4
- EPS
- $2.26
- Result
- reported results
Exact text from the filing
6.9 Unrealized from changes in fair value of equity securities 378.4 463.0 (263.4) 751.1 Total investment gains (losses) 348.3 454.3 (201.1) 758.0 Total revenues 2,345.5 2,720.5 8,083.7 9,341.6 Operating expenses: Loss and loss adjustment expenses 565.0 574.1 (1.6) 2,440.2 2,420.9 0.8 Sales and general expenses 1,114.7 1,340.4 (16.8) 4,719.2 4,942.3 (4.5)
View on SEC.gov
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