PR Newswire
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.
CHICAGO, May 17, 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 common share. This dividend is payable on June 14, 2024 to shareholders of record on June 4, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to $0.98 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, April 25, 2024 /PRNewswire/ --
OVERALL RESULTS
Quarters Ended March 31,
2024
2023
% Change
Pretax income
$ 398.7
$ 249.2
Pretax investment gains
167.1
26.2
Pretax income excluding investment gains
$ 231.5
$ 222.9
3.9 %
Net income
$ 316.7
$ 199.8
Net of tax investment gains
132.0
20.6
Net income excluding investment gains
$ 184.7
$ 179.2
3.1 %
Combined ratio
94.3 %
92.7 %
PER DILUTED SHARE
Quarters Ended March 31,
2024
2023
% Change
Net income
$ 1.15
$ 0.68
Net of tax investment gains
0.48
0.07
Net income excluding investment gains
$ 0.67
$ 0.61
9.8 %
SHAREHOLDERS' EQUITY (BOOK VALUE)
Mar. 31,
Dec. 31,
2024
2023
% Change
Total
$ 6,400.9
$ 6,410.7
(0.2) %
Per Common Share
$ 23.83
$ 23.31
2.2 %
CHICAGO, April 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the first quarter of 2024 before the market opens on Thursday, April 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 May 2, 2024. The replay will also be available on Old Republic's website.
CHICAGO, April 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced changes within the senior management ranks of Old Republic Aerospace.
Old Republic Aerospace has named Gary Churchill (49) as President/Chief Operating Officer and Jeffrey Moitozo (56) as Executive Vice President/Chief Underwriting Officer, effective immediately. Ralph Sohl (64) will continue in his role as Chief Executive Officer.
In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted, "Both Gary and Jeff are talented leaders at Old Republic Aerospace and we congratulate them on their respective accomplishments over the years. We are pleased to see them expand their executive responsibilities with these promotions, which are also part of our ongoing succession planning efforts."
CHICAGO, March 18, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced Therace M. Risch (51) has joined its Board of Directors as of March 18, 2024. She has concurrently been appointed to the Board's Audit and Governance and Nominating Committees, as well as to the Directorship of ORI's major regulated insurance company subsidiaries.
Ms. Risch is currently the Executive Vice President and Chief Information & Technology Officer for American Electric Power Company, Inc. She was previously Executive Vice President and Chief Information & Digital Officer at J. C. Penney Company, Inc. and Executive Vice President and Chief Information Officer at COUNTRY Financial. Further, she has ten years of experience directly in the insurance industry working at the St. Paul Companies, Inc. and COUNTRY Financial. In making the announcement, Spencer LeRoy, Chairman of the Board, noted, "our Company will benefit greatly from Therace Risch's expertise in the areas of cyber security, technology transformation, and foundational IT operations and we are most grateful and pleased with her acceptance to join us."
CHICAGO, March 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that its Board of Directors has authorized a $1.10 billion share repurchase program. The Company recently completed its previously announced $450 million share repurchase program authorization.
Under the share repurchase program, Old Republic may purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means. The timing and amount of any transactions will be conducted subject to the discretion of Old Republic based upon valuation, market conditions and other considerations. Old Republic may also from time to time repurchase shares pursuant to written, pre-arranged Rule 10b5-1 plans, which will be established and conducted in accordance with applicable regulations. The repurchase program is intended to comply with Rule 10b-18 and has no expiration date, does not require the purchase of any minimum number of shares, and may be suspended, modified or discontinued at any time without prior notice.
CHICAGO, March 1, 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 common share. This dividend is payable on March 21, 2024 to shareholders of record on March 11, 2024. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.06 per share compared to $0.98 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, Jan. 25, 2024 /PRNewswire/ --
OVERALL RESULTS
Quarters Ended December 31,
Years Ended December 31,
2023
2022
% Change
2023
2022
% Change
Pretax income
$ 237.4
$ 649.0
$ 747.4
$ 857.4
Pretax investment gains (losses)
0.2
348.3
(190.9)
(201.1)
Pretax income excluding investment gains (losses)
$ 237.1
$ 300.6
(21.1) %
$ 938.4
$ 1,058.6
(11.4) %
Net income
$ 190.6
$ 512.1
$ 598.6
$ 686.4
Net of tax investment gains (losses)
0.1
275.2
(150.8)
(158.6)
Net income excluding investment gains (losses)
$ 190.4
$ 236.9
(19.6) %
$ 749.5
$ 845.1
(11.3) %
Combined ratio
93.3 %
89.6 %
92.6 %
91.0 %
PER DILUTED SHARE
Quarters Ended December 31,
Years Ended December 31,
2023
2022
% Change
2023
2022
% Change
Net income
$ 0.69
$ 1.73
$ 2.10
$ 2.26
Net of tax investment gains (losses)
—
0.93
(0.53)
(0.53)
Net income excluding investment gains (losses)
$ 0.69
$ 0.80
(13.8) %
$ 2.63
$ 2.79
(5.7) %
SHAREHOLDERS' EQUITY (BOOK VALUE)
Dec. 31,
Dec. 31,
2023
2022
% Change
Total
$ 6,410.7
$ 6,173.2
3.8 %
Per Common Share
$ 23.31
$ 21.07
10.6 %
CHICAGO, Jan. 11, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the fourth quarter of 2023 before the market opens on Thursday, January 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 February 1, 2024. The replay will also be available on Old Republic's website.
TORONTO, Dec. 11, 2023 /CNW/ -- Today, InsureMyTrip, Canada's rapidly expanding travel insurance comparison website, proudly announces the addition of a new travel insurance provider to its platform.
Travellers can now access TIPS Travel Insurance plans, underwritten by Old Republic Insurance Company of Canada (Old Republic Canada). With this latest inclusion, InsureMyTrip.ca reinforces its commitment to offering a diverse and expansive selection of insurance options to meet the varied needs of Canadian travellers.
CHICAGO, Nov. 21, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on December 15, 2023 to shareholders of record on December 5, 2023. That brings the full year's cash dividend to 98 cents per share compared to 92 cents paid in 2022.
2023 marks the 42nd consecutive year that Old Republic has increased its regular cash dividend and the 82nd year of uninterrupted regular cash dividend payments.
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