ORI Q1 pretax operating income rises 3.9% to $231.5M; diluted EPS ex gains up 9.8%

OLD REPUBLIC INTERNATIONAL CORP

2024-Q1 EPS reported $1.15 revenue$2,015,900,000

Diluted net operating income per share $0.67, up 9.8% YoY.
Consolidated combined ratio 94.3% (up 1.6 pts); favorable reserve development 2.3 pts (prior year 4.5 pts).
Net premiums and fees earned $1.64B (+5.6%): General Insurance +13.1%, Title Insurance -6.5%.
Net investment income $164.1M (+19.1%) driven by higher yields.
Returned $264M to shareholders in Q1 ($72 dividends, $193 buybacks); additional $146M buybacks post-quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

Old Republic International Corporation announced the results of its operations and its financial condition for the quarter ended March 31, 2024. The full text of the earnings release is included as Exhibit 99.1 hereto.

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Source: SEC EDGAR

accession 0000074260-24-000073

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