Old Republic Q1 net income $330M beats last year; operating EPS falls 15% to $0.68

OLD REPUBLIC INTERNATIONAL CORP

2026-Q1 EPS reported $1.32 revenue$2,399,400,000

Net income of $330M ($1.32 diluted EPS) vs $245M ($0.98) YoY; net operating income of $170.5M ($0.68) down 15.4%.
Consolidated combined ratio worsened to 96.6% from 93.7%, driven by higher expense ratio in Specialty Insurance.
Specialty Insurance underwriting income fell 46.7% to $67.2M; Title Insurance underwriting loss narrowed to ($0.5M) from ($12.2M).
Book value per share $24.53, up 1.3% from Dec 2025; $237.5M returned to shareholders via dividends and buybacks.
Proposed acquisition of Everett Cash Mutual received regulatory approval, expected to close early Q3 2026.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP reported the first quarter 2026 results: revenue $1.97 billion, net income $330.0 million, EPS $ 1.32.

Period: the first quarter 2026
Revenue: $1.97 billion
Net income: $330.0 million
EPS: $ 1.32
Result: reported results

Exact text from the filing

Old Republic International Corporation (NYSE: ORI) today reported the following results for the first quarter 2026: • Net income of $330.0 million, compared to $245.0 million last year. • Net income excluding investment gains (net operating income) of $170.5 million, compared to $201.7 million last year. • Net operating income per diluted share of $0.68, compared to $0.81 last year. • Consolidated net premiums and fees earned of $1.97 billion, compared to nearly $1.85 billion last year. • Net investment income of $178.0 million, compared to $170.7 million last year. • Consolidated combined ratio of 96.6%, compared to 93.7% last year. • Favorable loss reserve development of 1.5 points, compared to 2.6 points last year. • Book value per share of $24.53, inclusive of dividends declared, up 2.6% since year-end 2025. • Annualized operating return on equity of 11.5%. • Total capital returned to shareholders of $237.5 million. Dollar amounts (other than per share amounts) are presented in mil

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Source: SEC EDGAR

accession 0000074260-26-000066

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