{"schema_version":"secwatch.filing_event.v1","accession":"0000074260-26-000066","form_type":"8-K","ticker":"ORI","cik":"0000074260","company_name":"OLD REPUBLIC INTERNATIONAL CORP","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.696830+00:00","generated_at":"2026-05-15T04:43:27.146772+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Old Republic Q1 net income $330M beats last year; operating EPS falls 15% to $0.68","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000074260-26-000066","json":"https://secwatch.observer/filing/0000074260-26-000066.json","markdown":"https://secwatch.observer/filing/0000074260-26-000066.md","text":"https://secwatch.observer/filing/0000074260-26-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/74260/000007426026000066/0000074260-26-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/74260/000007426026000066/ori-20260423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:43:27.146772+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82bcf5e297057cae814ff12c7e1a253c214cfa09","claim":"OLD REPUBLIC INTERNATIONAL CORP reported the first quarter 2026 results: revenue $1.97 billion, net income $330.0 million, EPS $ 1.32.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/74260/000007426026000066/0000074260-26-000066-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter 2026"},{"label":"Revenue","value":"$1.97 billion"},{"label":"Net income","value":"$330.0 million"},{"label":"EPS","value":"$ 1.32"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}