Old Republic International (ORI)

Company Profile

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

NYSE

Website

www.oldrepublic.com

CEO

Craig Richard Smiddy

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Surety Insurance

AMBAC Financial • Assured Guaranty • MBIA • MGIC Investment • Radian • Essent • NMI • Syncora ...

SEC CIK

0000074260

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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8-K

Submission of Matters to a Vote of Security Holders

31 May 23

8-K

Regulation FD Disclosure

5 May 23

Departure of Directors or Certain Officers

1 May 23

8-K

Results of Operations and Financial Condition

31 Mar 23

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

24 Feb 23

Transcripts

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ORI

Earnings call transcript

2023 Q1

27 Apr 23

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

Latest ownership filings

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Quarterly holdings report by institutional manager

Financial summary

Financial statements Chart ORI financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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)	93.70 mm	93.70 mm	93.70 mm	93.70 mm	93.70 mm	93.70 mm
Cash burn (monthly)	(no burn)	116.67 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	257.07 k	n/a	n/a	n/a	n/a
Cash remaining	n/a	93.44 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	800.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

ORI institutional ownership history Ownership history

70.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	471	477	-1.3%
Opened positions	50	78	-35.9%
Closed positions	56	42	+33.3%
Increased positions	173	157	+10.2%
Reduced positions	159	163	-2.5%

13F shares	Current	Prev Q	Change
Total value	5.14 tn	5.12 tn	+0.4%
Total shares	206.50 mm	213.26 mm	-3.2%
Total puts	104.00 k	126.20 k	-17.6%
Total calls	192.60 k	195.90 k	-1.7%
Total put/call ratio	0.5	0.6	-16.2%

Largest owners	Shares	Value	Change
BLK Blackrock	34.18 mm	$853.54 bn	+0.4%
Vanguard	28.13 mm	$702.52 bn	+1.1%
STT State Street	24.53 mm	$612.48 bn	-5.3%
Victory Capital Management	14.79 mm	$369.30 bn	+6.0%
Dimensional Fund Advisors	7.78 mm	$194.18 bn	-0.3%
FMR	7.16 mm	$178.86 bn	-15.8%
Geode Capital Management	5.31 mm	$133.42 bn	+13.2%
Hamlin Capital Management	4.85 mm	$121.02 bn	+3.2%
BK Bank Of New York Mellon	3.89 mm	$97.15 bn	-1.5%
WRB W.R. Berkley	2.68 mm	$66.91 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0.00	-2.85 mm	EXIT
IVZ Invesco	2.24 mm	-1.53 mm	-40.6%
STT State Street	24.53 mm	-1.38 mm	-5.3%
FMR	7.16 mm	-1.35 mm	-15.8%
Victory Capital Management	14.79 mm	+839.45 k	+6.0%
Geode Capital Management	5.31 mm	+621.09 k	+13.2%
Envestnet Asset Management	683.93 k	+559.83 k	+451.1%
First Trust Advisors	1.38 mm	-542.91 k	-28.2%
Assetmark	223.07 k	-486.80 k	-68.6%
Interval Partners	525.41 k	+470.24 k	+852.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ORI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
26 May 23	Craig R Smiddy	Common Stock	Payment of exercise	Dispose F	No	No	8,583	152,001.727
26 May 23	William T Gray	Common Stock	Payment of exercise	Dispose F	No	No	1,952	65,203
26 May 23	Frank Joseph Sodaro	Common Stock	Payment of exercise	Dispose F	No	No	1,952	49,358
26 May 23	Stephen J Oberst	Common Stock	Payment of exercise	Dispose F	No	No	3,197	68,574
26 May 23	Thomas Dare	Common Stock	Payment of exercise	Dispose F	No	No	2,132	50,369