Highest-materiality recent filing
Old Republic Q2 net income up 58% to $322M; operating EPS down 9% to $0.76
Net income $322.3M vs $204.4M; net operating income $186.0M vs $209.2M (down 11%).
ECM members approved conversion to stock company and acquisition by Old Republic.
ORI shareholders elect directors, ratify KPMG, approve executive compensation at annual meeting
Director nominees elected: Barbara A. Adachi (174.2M for) and Craig R. Smiddy (186.7M for).
Old Republic International prices $700M of 5.700% Senior Notes due 2036
$700M aggregate principal at 5.700% interest; semi-annual payments begin Dec 1, 2026; matures June 1, 2036.
Old Republic Q1 net income $330M beats last year; operating EPS falls 15% to $0.68
Net income of $330M ($1.32 diluted EPS) vs $245M ($0.98) YoY; net operating income of $170.5M ($0.68) down 15.4%.
Old Republic Q4 net operating income down 18.6%; combined ratio worsens to 96.0%
Q4 net operating income per diluted share $0.74 vs $0.90 YoY, a decline of 17.8%.
Old Republic declares $2.50 special dividend, returns $620M to shareholders
Special cash dividend of $2.50 per share declared, payable Jan 14, 2026 to holders of record Jan 2, 2026.
Old Republic Q3 2025 net operating income $0.78/share, up 9.9%; premiums +8.1% to $2.09B
Net operating income (ex-investment gains) of $196.7M ($0.78/diluted share) vs $182.7M ($0.71) in Q3 2024.
Old Republic authorizes $750M share repurchase program, succeeding $1.1B program
Board authorized new $750M buyback program; will start after completing ~$162M left under prior $1.10B program announced March 2024.
Old Republic Q2 net operating EPS $0.83 (+9.2%); Title insurance combined ratio worsens to 99.0%
Net operating EPS $0.83 (up 9.2%); net income $204.4M vs $91.8M last year (boosted by lower investment losses).
All four director nominees (Bateman, Caldwell, Reed, Risch) elected with over 95% of votes cast (excl. broker non-votes).
ORI registers up to 1.286M shares for resale by selling stockholders
Filed prospectus supplement to register resale of up to 1,286,700 shares of common stock by selling stockholders.
Old Republic registers 2.83M shares for resale by selling stockholder
Filed prospectus supplement to register up to 2,829,509 shares of common stock for resale.
Old Republic Q1 operating EPS up 21% to $0.81; combined ratio improves to 93.7%
Operating income (ex-investment gains) $201.7M, up 9.2% YoY; diluted operating EPS $0.81 vs $0.67, +20.9%.
Old Republic Q4 operating EPS $0.90, up 30% YoY; special dividend $2.00
Q4 diluted EPS from operations $0.90 (up 30.4% vs $0.69); net income EPS $0.42 (vs $0.69).
Old Republic declares $2.00 special dividend; has returned over $1.7B in last 2.5 years
Special cash dividend of $2.00 per share payable Jan 15, 2025, to holders of record Jan 3, 2025; returning ~$500M to shareholders.
Old Republic Q3 operating EPS $0.71 vs $0.72; combined ratio 95.0% on lower reserve development
Q3 pretax operating income $229.2M, down 8.6% YoY; diluted operating EPS $0.71 vs $0.72.
Old Republic adopts nonqualified deferred comp plan effective Jan 1, 2025
Plan is unfunded, nonqualified, and intended to comply with IRC Section 409A.
Old Republic Q2 pretax operating income $253.8M (+11.6%); diluted EPS ex gains $0.76 (+22.6%)
Pretax operating income $253.8M, up 11.6% YoY; net income ex investment gains $202.4M, up 12.7%.
Old Republic completes sale of run-off mortgage insurance business to Arch Capital
Sale of run-off mortgage insurance business to Arch Capital Group Ltd. closed June 3, 2024.
All six director nominees elected; top vote-getter McNitt 214.7M for, lowest Walker 192.5M for; broker non-votes 27.4M on each.
ORI Q1 pretax operating income rises 3.9% to $231.5M; diluted EPS ex gains up 9.8%
Diluted net operating income per share $0.67, up 9.8% YoY.
Old Republic International prices $400M 5.750% Senior Notes due 2034
$400M aggregate principal, 5.750% interest, due March 28, 2034.
Old Republic appoints Therace M. Risch to Board of Directors, effective March 18, 2024
Board size increased from 13 to 14; Risch appointed as Class 2 director, effective March 18, 2024.
Old Republic grants RSUs and PSUs to four named executive officers
RSUs: Smiddy 28,912, Sodaro 9,032, Gray 10,537, Oberst 12,042; vest in 3 equal annual installments.
Regular quarterly dividend of $0.265/share payable March 21, 2024 to holders of record March 11, 2024.
Old Republic Q4 operating income down 21%; Title premiums fall 23% amid rate headwinds
Q4 pretax operating income $237.1M, down 21.1% YoY; diluted operating EPS $0.69 vs $0.80.
Old Republic amends bylaws to adopt majority voting standard for director elections
Board adopted majority voting standard for uncontested director elections.
Old Republic sells run-off mortgage business to Arch Capital for ~$140M
Total consideration ~$140M; ORI also expects $25M final Q4 dividend from subsidiary.
Old Republic Q3 pretax op income $250.8M, down 2.6%; Title Insurance weak, General strong
Pretax income excluding investment losses of $250.8M (down 2.6% YoY); diluted EPS $0.72 (up 5.9%).
Old Republic board adopts annual say-on-pay frequency after shareholder vote
Shareholders voted for annual say-on-pay at May 25, 2023 Annual Meeting.
Old Republic declares Q3 dividend of 24.5¢/share, marks 42nd consecutive annual increase
Quarterly dividend of 24.5 cents per share payable Sept 15, 2023 to holders of record Sept 5, 2023.
Old Republic reports Q2 operating earnings down 14.6%; Title insurance revenue slides 37%
Diluted EPS ex investment losses $0.62 (down 10.1%); net income ex losses $179.6M vs $210.2M.
Old Republic shareholders approve officer liability limit, elect directors at annual meeting
All four director nominees elected: Adachi, Kovaleski, Smiddy, Taubitz (227M-233M votes for each).
Old Republic declares 24.5¢ quarterly dividend, authorizes $450M share repurchase
Regular quarterly cash dividend of 24.5¢ per share payable June 15, 2023 to holders of record June 5, 2023.
Old Republic announces retirement of Executive Chairman Rande Yeager effective June 30, 2023
Rande Yeager, Executive Chairman of Old Republic National Title Holding Company, to retire effective June 30, 2023.
Old Republic Q1 operating EPS $0.61, down 3%; Title premiums plunge 42%
Net income excluding investment gains $179.2M ($0.61 diluted EPS), down 6.6% YoY.
Old Republic adopts 2023 PRP, sets target awards for CEO and other NEOs
New 2023 Performance Recognition Plan replaces prior Key Employee Performance Recognition Plans.
Old Republic appoints J. Eric Smith to Board; adds insurance and reinsurance expertise
Board expanded from 13 to 14 directors; Smith appointed as Class 1 director, effective March 17, 2023.
Old Republic Q4 pretax op income ex-invest gains down 10.3%; Title profits plunge 67.2%
Q4 2022 pretax operating income ex-investment gains $300.6M vs $335.1M (-10.3%); adj. diluted EPS $0.80 vs $0.88 (-9.1%).
Old Republic Q3 net loss $91.7M on investment losses; operating EPS down 13.9%
Net loss $91.7M ($0.31 diluted loss); adjusted operating net income $206.1M ($0.68 diluted), down 14.3% YoY.
Old Republic declares regular $0.23 dividend, $1 special dividend, and $450M buyback
Regular quarterly cash dividend of $0.23 per share payable Sept 15, 2022 to holders of record Sept 1.
Old Republic terminates poison pill effective immediately; amends bylaws
Rights Agreement amended to accelerate Final Expiration Date from June 25, 2027 to August 18, 2022; rights expired and agreement terminated.
Old Republic Q2 adjusted EPS dips 5.5% to $0.69; GAAP net loss of $0.13 on $317M investment losses
Pretax operating income (ex-investment gains/losses) $262.8M in Q2, down 4.4% from $275.0M YoY; combined ratio 90.9%.
Old Republic shareholders approve all four proposals at 2022 annual meeting
Directors elected with votes ranging from 126.2M to 190.4M; substantial broker non-votes.
ORI Q1 adj. EPS $0.63 (-8.7%); Title Insurance profit down 21.9% on rate hikes
Net income excluding investment gains fell to $191.7M ($0.63 diluted) from $206.3M ($0.69), down 8.7% YoY.
Old Republic reports record Q4 pretax op income $335M, EPS $0.88; FY $1.16B
Diluted EPS ex-investment gains: Q4 $0.88 (+17.3%), FY $3.08 (+37.5%).
Old Republic International appoints director Barbara Adachi to two board committees
Old Republic International Corporation filed Amendment No. 1 to Form 8-K on December 16, 2021.
Old Republic elects Barbara Adachi to Board of Directors, effective Dec 16, 2021
Board size increased from 13 to 14; Barbara Adachi elected as Class 3 director, effective Dec 16, 2021.
Implemented advance notice provisions requiring stockholder proposals and director nominations at least 90 days before annual meeting anniversary.
appointed Ms. Therace M. Risch as a Class 2 director to fill the vacancy created as a result of the Board size increase, effective March 18, 2024.
Rande K. Yeager, Executive Chairman of Old Republic National Title Holding Company, will retire effective June 30, 2023.
Arnold Steiner, who was not slated for re-election, will not continue as a director following the end of his three-year term that expires at the Annual Meeting.
appointed J. Eric Smith as a Class 1 director to fill the vacancy created as a result of the Board size increase.
increased the size of the Board from 13 to 14 directors (“Board size increase”) and elected Ms. Barbara Adachi as a Class 3 director to fill the vacancy created as a result of the Board size increase, effective December 16, 2021.
On October 27, 2021, Aldo C. Zucaro resigned from the Old Republic International Corporation (the “Company”) board of directors and as Chairman of the Board, effectively immediately.
the Board has appointed Spencer LeRoy III as Chairman of the Board
Max materiality 0.80 · Median 0.62 · Most common event earnings