---
schema_version: "secwatch.filing_event.v1"
accession: "0000074260-26-000002"
form_type: "8-K"
ticker: "ORI"
cik: "0000074260"
company_name: "OLD REPUBLIC INTERNATIONAL CORP"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:08:19.652700+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Old Republic Q4 net operating income down 18.6%; combined ratio worsens to 96.0%

## Summary
- Q4 net operating income per diluted share $0.74 vs $0.90 YoY, a decline of 17.8%.
- Consolidated combined ratio 96.0% vs 92.7% last year, driven by commercial auto loss trends.
- Specialty Insurance underwriting income fell 63.1% to $37.2M; combined ratio 97.3%.
- Title Insurance underwriting income rose 21% to $47.3M; combined ratio 94.0%.
- Total capital returned to shareholders $742M in Q4 ($686M dividends, $56M buybacks).

## SEC filing metadata
- accession: 0000074260-26-000002
- form_type: 8-K
- ticker: ORI
- cik: 0000074260
- company_name: OLD REPUBLIC INTERNATIONAL CORP
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/74260/000007426026000002/0000074260-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74260/000007426026000002/ori-20260122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074260-26-000002
- JSON: https://secwatch.observer/filing/0000074260-26-000002.json
- Plain text: https://secwatch.observer/filing/0000074260-26-000002.txt

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