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PR Newswire·

OLD REPUBLIC REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2025

ORI
  • Old Republic International Corporation reported third quarter 2025 net income of $279.5 million, down from $338.9 million in the prior year.
  • Net operating income (excluding investment gains/losses) for the quarter was $196.7 million, an increase from $182.7 million last year.
  • Net operating income per diluted share rose to $0.78 compared to $0.71 in the same period last year.
  • Consolidated net premiums and fees earned reached $2.1 billion, reflecting an 8.1% increase over the prior year.
  • Net investment income increased 6.7% year-over-year to $182.6 million.
  • The consolidated combined ratio was 95.3%, compared to 95.0% last year, driven by 2.5 points of favorable loss reserve development.
  • Book value per share was $26.19, up 18.5% since year-end 2024.
  • Total capital returned to shareholders for the quarter totaled $115 million, consisting of $71 million in dividends and $44 million in share repurchases.
  • The Specialty Insurance segment saw net premiums earned grow 8.1% for the quarter, with a combined ratio of 94.8% and pretax operating income of $207.7 million.
  • The Title Insurance segment reported an 8.3% increase in net premiums earned for the quarter, a combined ratio of 96.4%, and pretax operating income of $45.7 million.
  • The Corporate & Other segment reported a pretax operating loss of $5.2 million for the quarter, primarily due to reduced investment income from lower asset bases following capital returns.
  • Total shareholders' equity increased to $6.42 billion as of September 30, 2025, up from $5.62 billion at year-end 2024.
  • The company's investment portfolio was allocated approximately 84% to fixed income securities and 16% to equity securities as of the quarter-end.
  • A conference call to discuss these results is scheduled for 3:00 p.m. ET on October 23, 2025.