---
schema_version: "secwatch.filing_event.v1"
accession: "0000074260-23-000004"
form_type: "8-K"
ticker: "ORI"
cik: "0000074260"
company_name: "OLD REPUBLIC INTERNATIONAL CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:46:42.511066+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Old Republic Q4 pretax op income ex-invest gains down 10.3%; Title profits plunge 67.2%

## Summary
- 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.

## SEC filing metadata
- accession: 0000074260-23-000004
- form_type: 8-K
- ticker: ORI
- cik: 0000074260
- company_name: OLD REPUBLIC INTERNATIONAL CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74260/000007426023000004/0000074260-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74260/000007426023000004/ori-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074260-23-000004
- JSON: https://secwatch.observer/filing/0000074260-23-000004.json
- Plain text: https://secwatch.observer/filing/0000074260-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/74260/000007426023000004/0000074260-23-000004-index.htm
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/74260/000007426023000004/0000074260-23-000004-index.htm

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