Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated.

CHICAGO, Jan. 23, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported the following results for the fourth quarter and full year 2024:

Fourth quarter net income per diluted share of $0.42, compared to $0.69 last year.Fourth quarter net operating income (net income excluding investment gains or losses) per diluted share of $0.90, compared to $0.69 last year.Consolidated pretax operating income of $285.0 for the quarter and $999.8 for the full year.Consolidated net premiums and fees earned increased 11.4% in the quarter and 9.0% for the full year.Net investment income increased 9.8% in the quarter and 16.4% for the full year.Fourth quarter consolidated combined ratio of 92.7%, compared to 93.3% last year; full year consolidated combined ratio of 93.9%, compared to 92.6% last year.Favorable loss reserve development of 2.9 points in the quarter, compared to 4.7 points last year.Total capital returned to shareholders of $733 during the quarter and $1,708 during the full year.Book value per share of $22.84, which inclusive of dividends declared (including a special cash dividend of $2.00 per share), was up 11.1% since year-end 2023.

CHICAGO, Jan. 9, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2024 before the market opens on Thursday, January 23, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 888-510-2411, passcode 4060501.

Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through January 30, 2025. The replay will also be available on Old Republic's website.

CHICAGO, Jan. 6, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that it is forming a new underwriting subsidiary to provide Cyber and Technology Errors and Omission (E&O) insurance products. The new company, Old Republic Cyber, Inc., will focus on providing specialized Cyber- and Technology-related coverage and will be led by CJ Pruzinsky as President and Kevin McGowan as Executive Vice President and Chief Underwriting Officer. A graduate of William Paterson University, Mr. Pruzinsky has 18 years of cyber underwriting experience with AIG, Beazley, and, most recently, Resilience.  A graduate of Miami University, Mr. McGowan has 15 years of cyber underwriting experience with Ace, Beazley, and, most recently, Resilience.

CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders.

In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means.

CHICAGO, Nov. 26, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per share. This dividend is payable on December 16, 2024 to shareholders of record on December 6, 2024. That brings the full year's cash dividend to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase.

2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments.

CHICAGO, Oct. 24, 2024 /PRNewswire/ --

OVERALL RESULTS

Quarters Ended September 30,

Nine Months Ended September 30,

2024

2023

% Change

2024

2023

% Change

Pretax income

$   426.9

$     63.9

$   939.0

$   510.0

Pretax investment gains (losses)

197.7

(186.9)

224.3

(191.1)

Pretax income excluding investment gains (losses)

$   229.2

$   250.8

(8.6) %

$   714.7

$   701.2

1.9 %

Net income

$   338.9

$     52.6

$   747.6

$   408.0

Net of tax investment gains (losses)

156.1

(147.6)

177.6

(151.0)

Net income excluding investment gains (losses)

$   182.7

$   200.2

(8.7) %

$   570.0

$   559.0

2.0 %

Combined ratio

95.0 %

91.9 %

94.3 %

92.4 %

PER DILUTED SHARE

Quarters Ended September 30,

Nine Months Ended September 30,

2024

2023

% Change

2024

2023

% Change

Net income

$     1.32

$     0.19

$     2.81

$     1.42

Net of tax investment gains (losses)

0.61

(0.53)

0.67

(0.53)

Net income excluding investment gains (losses)

$     0.71

$     0.72

(1.4) %

$     2.14

$     1.95

9.7 %

SHAREHOLDERS' EQUITY (BOOK VALUE)

Sep. 30,

Dec. 31,

2024

2023

% Change

Total

$  6,445.3

$  6,410.7

0.5 %

Per Common Share

$   25.71

$   23.31

10.3 %

CHICAGO, Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 800-715-9871, passcode 4060501.

Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through October 31, 2024. The replay will also be available on Old Republic's website.

CHICAGO, Aug. 16, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per share. This dividend is payable on September 16, 2024 to shareholders of record on September 6, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase.

2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments.

CHICAGO, July 25, 2024 /PRNewswire/ --

OVERALL RESULTS

Quarters Ended June 30,

Six Months Ended June 30,

2024

2023

% Change

2024

2023

% Change

Pretax income

$   113.3

$   196.9

$   512.1

$   446.1

Pretax investment gains (losses)

(140.5)

(30.4)

26.6

(4.2)

Pretax income excluding investment gains (losses)

$   253.8

$   227.3

11.6 %

$   485.4

$   450.3

7.8 %

Net income

$     91.8

$   155.5

$   408.6

$   355.4

Net of tax investment gains (losses)

(110.6)

(24.0)

21.4

(3.3)

Net income excluding investment gains (losses)

$   202.4

$   179.6

12.7 %

$   387.2

$   358.8

7.9 %

Combined ratio

93.5 %

92.6 %

93.8 %

92.6 %

PER DILUTED SHARE

Quarters Ended June 30,

Six Months Ended June 30,

2024

2023

% Change

2024

2023

% Change

Net income

$     0.35

$     0.54

$     1.51

$     1.22

Net of tax investment gains (losses)

(0.41)

(0.08)

0.08

(0.01)

Net income excluding investment gains (losses)

$     0.76

$     0.62

22.6 %

$     1.43

$     1.23

16.3 %

SHAREHOLDERS' EQUITY (BOOK VALUE)

June 30,

Dec. 31,

2024

2023

% Change

Total

$  6,026.6

$  6,410.7

(6.0) %

Per Common Share

$   23.59

$   23.31

1.2 %

CHICAGO, July 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the second quarter of 2024 before the market opens on Thursday, July 25, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-888-510-2411, passcode 4060501.

Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through August 1, 2024. The replay will also be available on Old Republic's website.