earnings
confidence high
sentiment positive
materiality 0.65
Old Republic Q2 pretax operating income $253.8M (+11.6%); diluted EPS ex gains $0.76 (+22.6%)
OLD REPUBLIC INTERNATIONAL CORP
2024-Q2 EPS reported
$1.51
revenue$3,887,600,000
- Pretax operating income $253.8M, up 11.6% YoY; net income ex investment gains $202.4M, up 12.7%.
- Consolidated net premiums & fees earned $1.80B (+9%); net investment income $167.4M (+20.1%).
- Combined ratio 93.5% (vs 92.6%) as favorable reserve development normalized to 2.2 points.
- General Insurance pretax operating income $202.5M (+9.9%); Title Insurance $46.0M (+32.5%).
- Returned $479M to shareholders ($410M buybacks, $69M dividends); book value $23.59 (+3.5% incl divs).