earnings
confidence high
sentiment neutral
materiality 0.70
Old Republic Q3 2025 net operating income $0.78/share, up 9.9%; premiums +8.1% to $2.09B
OLD REPUBLIC INTERNATIONAL CORP
2025-Q3 EPS reported
$2.91
revenue$6,746,900,000
- Net operating income (ex-investment gains) of $196.7M ($0.78/diluted share) vs $182.7M ($0.71) in Q3 2024.
- Consolidated net premiums and fees earned $2.09B, up 8.1% YoY; net investment income $182.6M, up 6.7%.
- Combined ratio 95.3% vs 95.0%; favorable prior-year reserve development improved to 2.5 points from 1.3 points.
- Book value per share $26.19, up 18.5% incl. dividends since Dec 2024; capital returned $115M ($71M dividends, $44M buybacks).
- Specialty Insurance combined ratio 94.8% (94.0% prior); Title Insurance combined ratio 96.4% (96.7% prior).