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PR Newswire·

OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2025

ORI
  • Old Republic International Corporation reported fourth-quarter 2025 net income of $206.3 million, up from $105.1 million in the same period last year.
  • Net operating income (net income excluding investment gains/losses) for the quarter was $184.7 million, a decrease from $227.0 million in the prior year quarter.
  • Consolidated net premiums and fees earned reached $2.1 billion for the quarter, reflecting a 9.8% increase year-over-year.
  • The consolidated combined ratio for the quarter was 96.0%, compared to 92.7% in the previous year.
  • Net investment income totaled $183.8 million for the quarter, an increase of 7.9% over the prior year period.
  • Favorable loss reserve development contributed 2.4 points to the combined ratio in the quarter, compared to 2.9 points last year.
  • Book value per share was $24.21 as of December 31, 2025, representing a 22.0% increase since year-end 2024 when including declared cash dividends.
  • The company returned a total of $742 million in capital to shareholders during the quarter, comprising $686 million in dividends and $56 million in share repurchases.
  • Specialty Insurance segment net premiums earned increased 8.3% for the quarter, though its combined ratio rose to 97.3% due to higher current year loss ratios in commercial auto.
  • Title Insurance segment net premiums and fees earned grew 12.4% for the quarter, driven by lower interest rates and strong commercial business production.
  • Corporate & Other segment reported a pretax operating loss of $7.9 million for the quarter, impacted by a lower invested asset base following capital returns to shareholders.
  • For the full year 2025, consolidated net income was $935.4 million, while net operating income was $792.5 million.
  • The company's investment portfolio as of year-end 2025 consisted of approximately 85% fixed income securities and 15% equity securities.