---
schema_version: "secwatch.filing_event.v1"
accession: "0000074260-23-000033"
form_type: "8-K"
ticker: "ORI"
cik: "0000074260"
company_name: "OLD REPUBLIC INTERNATIONAL CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:04:19.215908+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Old Republic Q1 operating EPS $0.61, down 3%; Title premiums plunge 42%

## Summary
- Net income excluding investment gains $179.2M ($0.61 diluted EPS), down 6.6% YoY.
- General Insurance pretax operating income rose 35.6% to $193.2M; combined ratio improved to 89.3%.
- Title Insurance net premiums and fees earned fell 41.6% to $583.2M; operating income dropped 78.5%.
- Net investment income grew 29.7% to $137.8M on higher yields.
- Returned $204M to shareholders via dividends and buybacks; completed buyback program post-quarter.

## SEC filing metadata
- accession: 0000074260-23-000033
- form_type: 8-K
- ticker: ORI
- cik: 0000074260
- company_name: OLD REPUBLIC INTERNATIONAL CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74260/000007426023000033/0000074260-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74260/000007426023000033/ori-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074260-23-000033
- JSON: https://secwatch.observer/filing/0000074260-23-000033.json
- Plain text: https://secwatch.observer/filing/0000074260-23-000033.txt

## Key facts
- Earnings Releases
  OLD REPUBLIC INTERNATIONAL CORP reported the quarter ended March 31, 2023 results: revenue $1,758.7, net income $199.8, EPS $0.68 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $1,758.7
  - Net income: $199.8
  - EPS: $0.68 per diluted share
  - Result: reported results
  source text: Realized from actual transactions and impairments 28.2 65.2 Unrealized from changes in fair value of equity securities (2.0) 79.8 Total investment gains 26.2 145.1 Total revenues 1,758.7 2,206.6 Operating expenses: Loss and loss adjustment expenses 603.9 607.9 (0.7) Sales and general expenses 888.6 1,199.0 (25.9) Interest and other charges 16.9 16.9 — Total
  evidence_url: https://www.sec.gov/Archives/edgar/data/74260/000007426023000033/0000074260-23-000033-index.htm

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