Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America's largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance operations are the third largest in its industry.
Company profile
Ticker
ORI
Exchange
Website
CEO
Craig R. Smiddy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Old Republic General Insurance Group, Inc. • BITCO Corporation • BITCO General Insurance Corporation • BITCO National Insurance Company • BITCO Construction Group, Inc. • BITCO Construction Insurance Agency, Inc. • BITCO Construction Insurance Agency of New York, Inc. • BITCO Security Assurance Company • Old Republic Security Assurance Company • Brummel Brothers, Inc. ...
IRS number
362678171
ORI stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
21 Mar 23
PRE 14A
Preliminary proxy
20 Mar 23
8-K
Departure of Directors or Certain Officers
17 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Results of Operations and Financial Condition
26 Jan 23
10-Q
2022 Q3
Quarterly report
4 Nov 22
8-K
Results of Operations and Financial Condition
27 Oct 22
8-A12B/A
Registration of securities on exchange (amended)
19 Aug 22
8-K
Entry into a Material Definitive Agreement
19 Aug 22
8-K
Regulation FD Disclosure
19 Aug 22
Transcripts
ORI
Earnings call transcript
2022 Q4
26 Jan 23
ORI
Earnings call transcript
2022 Q3
27 Oct 22
ORI
Earnings call transcript
2022 Q2
28 Jul 22
ORI
Earnings call transcript
2022 Q1
28 Apr 22
ORI
Earnings call transcript
2021 Q4
27 Jan 22
ORI
Earnings call transcript
2021 Q3
28 Oct 21
ORI
Earnings call transcript
2021 Q2
22 Jul 21
ORI
Earnings call transcript
2021 Q1
22 Apr 21
ORI
Earnings call transcript
2020 Q4
29 Jan 21
ORI
Earnings call transcript
2020 Q3
22 Oct 20
Latest ownership filings
3
John Eric Smith
27 Mar 23
4
RANDE KEITH YEAGER
20 Mar 23
4
THOMAS DARE
20 Mar 23
4
WILLIAM T GRAY
20 Mar 23
4
Frank Joseph Sodaro
20 Mar 23
4
STEPHEN J OBERST
20 Mar 23
4
Craig R Smiddy
20 Mar 23
13F-HR
Quarterly holdings report by institutional manager
21 Feb 23
SC 13G
Old Republic International Corp Employees Savings & Stock Ownership Trust
15 Feb 23
5
Steven J Bateman
15 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 81.00 mm | 81.00 mm | 81.00 mm | 81.00 mm | 81.00 mm | 81.00 mm |
| Cash burn (monthly) | 7.13 mm | 6.43 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 21.09 mm | 19.00 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 59.91 mm | 62.00 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 8.4 | 9.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
71.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 475 |
| Opened positions | 77 |
| Closed positions | 42 |
| Increased positions | 157 |
| Reduced positions | 162 |
| 13F shares | Current |
|---|---|
| Total value | 5.12 tn |
| Total shares | 213.18 mm |
| Total puts | 126.20 k |
| Total calls | 195.90 k |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 34.05 mm | $822.25 bn |
| Vanguard | 27.82 mm | $671.87 bn |
| STT State Street | 25.91 mm | $625.62 bn |
| Victory Capital Management | 13.95 mm | $336.90 bn |
| FMR | 8.51 mm | $205.54 bn |
| Dimensional Fund Advisors | 7.80 mm | $188.12 bn |
| Hamlin Capital Management | 4.69 mm | $113.37 bn |
| Geode Capital Management | 4.69 mm | $113.16 bn |
| BK Bank Of New York Mellon | 3.95 mm | $95.41 bn |
| IVZ Invesco | 3.77 mm | $91.07 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Mar 23 | Craig R Smiddy | Common Stock | Grant | Acquire A | No | No | 0 | 82,000 | 0.00 | 160,584.727 |
| 16 Mar 23 | Craig R Smiddy | 2023 Employee Stock Option Common Stock | Grant | Acquire A | No | No | 24.31 | 200,000 | 4.86 mm | 200,000 |
| 16 Mar 23 | Stephen J Oberst | Common Stock | Grant | Acquire A | No | No | 0 | 35,000 | 0.00 | 71,771 |
| 16 Mar 23 | Stephen J Oberst | 2023 Employee Stock Option Common Stock | Grant | Acquire A | No | No | 24.31 | 90,000 | 2.19 mm | 90,000 |
| 16 Mar 23 | William T Gray | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 67,155 |
| 16 Mar 23 | William T Gray | 2023 Employee Stock Option Common Stock | Grant | Acquire A | No | No | 24.31 | 70,000 | 1.70 mm | 70,000 |
| 16 Mar 23 | Frank Joseph Sodaro | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 51,310 |
| 16 Mar 23 | Frank Joseph Sodaro | 2023 Employee Stock Option Common Stock | Grant | Acquire A | No | No | 24.31 | 70,000 | 1.70 mm | 70,000 |
News
Raymond James Maintains Outperform on Old Republic Intl, Raises Price Target to $29
30 Jan 23
Old Republic Intl Q4 EPS $0.80 Beats $0.55 Estimate, Sales $2.00B Beat $1.96B Estimate
26 Jan 23
Earnings Scheduled For January 26, 2023
26 Jan 23
Old Republic Intl's Earnings: A Preview
25 Jan 23
Insurance Stocks Moving In Monday's Intraday Session
9 Jan 23
Press releases
OLD REPUBLIC ANNOUNCES THE ADDITION OF J. ERIC SMITH TO THE BOARD OF DIRECTORS
17 Mar 23
OLD REPUBLIC DECLARES FIRST QUARTER REGULAR CASH DIVIDEND OF 24.5 CENTS PER SHARE
23 Feb 23
OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2022
26 Jan 23
OLD REPUBLIC CELEBRATES 100 YEARS OF EXCELLENCE
23 Jan 23
OLD REPUBLIC INTERNATIONAL ANNOUNCES FOURTH QUARTER 2022 CONFERENCE CALL
12 Jan 23