Old Republic International (ORI)
Market Price (12/24/2025): $46.445 | Market Cap: $11.4 BilSector: Financials | Industry: Property & Casualty Insurance
Old Republic International (ORI)
Market Price (12/24/2025): $46.445Market Cap: $11.4 BilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 11% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Key risksORI key risks include [1] declining profitability from persistent margin slippage and legal settlements, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% | ||
| Low stock price volatilityVol 12M is 22% | ||
| Megatrend and thematic driversMegatrends include Future of Real Estate Transactions. Themes include Digital Title & Escrow Services, and Real Estate Risk Underwriting. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10.0%, FCF Yield is 11% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -14% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Future of Real Estate Transactions. Themes include Digital Title & Escrow Services, and Real Estate Risk Underwriting. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Key risksORI key risks include [1] declining profitability from persistent margin slippage and legal settlements, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points explaining the stock movement of Old Republic International (ORI) for the approximate time period from August 31, 2025, to December 24, 2025: 1. Strong Third Quarter 2025 Financial ResultsOld Republic International reported robust third-quarter 2025 financial results, with net operating income increasing to $196.7 million, up from $182.7 million in the prior year. Additionally, net operating income per diluted share rose to $0.78, compared to $0.71 in the previous year, and consolidated net premiums and fees earned increased by 8.1%. 2. Strategic Acquisition of Everett Cash Mutual
On October 23, 2025, Old Republic announced its plan to acquire Everett Cash Mutual. This acquisition is anticipated to add a $237 million farm and agricultural specialty insurer to Old Republic's portfolio, is expected to be accretive to book value, and will establish a new specialty operating company focused on expanding geographic and product reach. Show more
Stock Movement Drivers
Fundamental Drivers
The 13.8% change in ORI stock from 9/23/2025 to 12/23/2025 was primarily driven by a 22.2% change in the company's P/E Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 40.81 | 46.45 | 13.83% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8666.00 | 8748.60 | 0.95% |
| Net Income Margin (%) | 10.31% | 9.53% | -7.53% |
| P/E Multiple | 11.18 | 13.66 | 22.18% |
| Shares Outstanding (Mil) | 244.80 | 245.29 | -0.20% |
| Cumulative Contribution | 13.83% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| ORI | 13.8% | |
| Market (SPY) | 3.7% | -8.9% |
| Sector (XLF) | 3.1% | 42.2% |
Fundamental Drivers
The 24.1% change in ORI stock from 6/24/2025 to 12/23/2025 was primarily driven by a 16.9% change in the company's P/E Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 37.44 | 46.45 | 24.06% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8329.40 | 8748.60 | 5.03% |
| Net Income Margin (%) | 9.37% | 9.53% | 1.70% |
| P/E Multiple | 11.69 | 13.66 | 16.87% |
| Shares Outstanding (Mil) | 243.77 | 245.29 | -0.62% |
| Cumulative Contribution | 24.05% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| ORI | 24.1% | |
| Market (SPY) | 13.7% | 5.3% |
| Sector (XLF) | 7.8% | 45.0% |
Fundamental Drivers
The 40.2% change in ORI stock from 12/23/2024 to 12/23/2025 was primarily driven by a 53.8% change in the company's P/E Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.12 | 46.45 | 40.25% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8169.60 | 8748.60 | 7.09% |
| Net Income Margin (%) | 11.48% | 9.53% | -16.97% |
| P/E Multiple | 8.89 | 13.66 | 53.76% |
| Shares Outstanding (Mil) | 251.64 | 245.29 | 2.52% |
| Cumulative Contribution | 40.16% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| ORI | 40.2% | |
| Market (SPY) | 16.7% | 40.7% |
| Sector (XLF) | 15.7% | 65.3% |
Fundamental Drivers
The 123.7% change in ORI stock from 12/24/2022 to 12/23/2025 was primarily driven by a 73.7% change in the company's P/E Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.76 | 46.45 | 123.75% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 8457.70 | 8748.60 | 3.44% |
| Net Income Margin (%) | 9.48% | 9.53% | 0.59% |
| P/E Multiple | 7.87 | 13.66 | 73.70% |
| Shares Outstanding (Mil) | 303.65 | 245.29 | 19.22% |
| Cumulative Contribution | 115.48% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| ORI | 78.4% | |
| Market (SPY) | 48.4% | 36.2% |
| Sector (XLF) | 52.3% | 61.8% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ORI Return | -8% | 45% | 7% | 26% | 27% | 39% | 219% |
| Peers Return | 11% | 23% | 5% | 18% | 14% | -2% | 88% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| ORI Win Rate | 58% | 58% | 50% | 58% | 50% | 75% | |
| Peers Win Rate | 67% | 58% | 47% | 57% | 58% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ORI Max Drawdown | -44% | -4% | -13% | -2% | -7% | -2% | |
| Peers Max Drawdown | -32% | -6% | -15% | -4% | -9% | -19% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VOYA, FAF, RLI, SIGI, PGR. See ORI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | ORI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -21.8% | -25.4% |
| % Gain to Breakeven | 27.9% | 34.1% |
| Time to Breakeven | 404 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.5% | -33.9% |
| % Gain to Breakeven | 90.5% | 51.3% |
| Time to Breakeven | 388 days | 148 days |
| 2018 Correction | ||
| % Loss | -13.9% | -19.8% |
| % Gain to Breakeven | 16.2% | 24.7% |
| Time to Breakeven | 178 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -68.6% | -56.8% |
| % Gain to Breakeven | 218.1% | 131.3% |
| Time to Breakeven | 3,940 days | 1,480 days |
Compare to VOYA, FAF, RLI, SIGI, PGR
In The Past
Old Republic International's stock fell -21.8% during the 2022 Inflation Shock from a high on 2/16/2022. A -21.8% loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, commercial property, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, guaranteed asset protection, and surety. This segment provides its insurance products to businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. The Title Insurance segment offers lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. This segment also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and various other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment offers private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. The company was founded in 1923 and is based in Chicago, Illinois.
AI Analysis | Feedback
Here are 1-3 brief analogies for Old Republic International (ORI):
- Like Chubb (CB) meets Fidelity National Financial (FNF).
- The Travelers (TRV) of commercial and real estate title insurance.
AI Analysis | Feedback
Old Republic International (ORI) primarily provides the following insurance services:
- Title Insurance: Protects real estate owners and lenders against financial loss resulting from defects in title to real property.
- Workers' Compensation Insurance: Provides wage replacement and medical benefits to employees injured in the course of employment.
- Commercial Auto Insurance: Covers vehicles used for business purposes against physical damage and third-party liability.
- General Liability Insurance: Protects businesses against claims of bodily injury, property damage, and advertising injury occurring on their premises or due to their operations.
- Professional Liability Insurance: Insures professionals and companies against claims of negligence or errors and omissions in their professional services.
AI Analysis | Feedback
Old Republic International (NYSE: ORI) is a diversified insurance underwriter with major segments in General Insurance (commercial lines) and Title Insurance.
Due to the nature of the insurance industry, particularly for a company with broad commercial and title insurance operations like Old Republic International, the concept of "major customers" differs from industries where a few large buyers might account for a significant portion of revenue. ORI does not have a handful of identifiable specific companies that serve as major direct customers in this traditional sense, nor does it typically disclose such information, as its revenue is generated through a wide and diffuse network.
Instead, Old Republic International's business model primarily involves selling its products through a vast network of intermediaries and directly to a broad base of commercial enterprises. Therefore, its "major customers" can be best understood as categories of businesses that distribute its products or are direct policyholders. While individuals are often the ultimate policyholders (e.g., for title insurance or some life insurance), the primary business relationships and sales channels are B2B.
The major categories of business customers and distribution partners for Old Republic International include:
- Independent Insurance Agents and Brokers: These businesses are crucial intermediaries for Old Republic's General Insurance Group, which offers commercial property and casualty, workers' compensation, and other specialized coverages. Agents and brokers sell these policies to a wide range of ultimate commercial enterprises and individuals.
- Lenders and Financial Institutions: For its significant Title Insurance Group, Old Republic works closely with mortgage lenders, banks, and other financial institutions. These entities often require title insurance for real estate transactions (such as mortgages) and facilitate the purchase of policies for their borrowers.
- Real Estate Professionals, Title Agencies, and Settlement Companies: Also within the Title Insurance Group, Old Republic partners with real estate brokers, attorneys, and independent title agencies and settlement companies. These businesses facilitate real estate transactions and are key partners in the issuance of title policies to homebuyers and lenders.
AI Analysis | Feedback
nullAI Analysis | Feedback
Craig R. Smiddy, President and Chief Executive Officer
Craig R. Smiddy became President and Chief Executive Officer of Old Republic International Corporation (ORI) in 2019, having previously served as President and Chief Operating Officer since June 2018. From 2013 to 2018, he was Chief Operating Officer and then President of Old Republic General Insurance Group, Inc. Before joining Old Republic, Mr. Smiddy was President of the Specialty Markets Division of Munich Reinsurance America, Inc. for 16 years. He began his insurance career at Progressive Insurance and possesses 37 years of experience across the insurance and reinsurance industries.
Frank J. Sodaro, Senior Vice President and Chief Financial Officer
Frank J. Sodaro joined Old Republic International Corporation (ORI) in 2017 as Deputy CFO and was appointed Chief Financial Officer in July 2021. Prior to his tenure at Old Republic, Mr. Sodaro spent over 20 years at Kemper, where his roles included internal audit, corporate accounting, financial planning and analysis, and ultimately serving as CFO.
Steve Buckland, Vice President and Chief Information Officer
Steve Buckland assumed the role of Vice President and Chief Information Officer (CIO) in January 2024, having previously served as Deputy CIO. He brings over 30 years of experience in information technology within the insurance industry. Before joining Old Republic International, he was the CIO of Republic Mortgage Insurance Company, a subsidiary of Old Republic.
Carolyn Monroe, President and CEO, Old Republic National Title Holding Company; Senior Vice President, Old Republic International Corporation
Carolyn Monroe was promoted to President of Old Republic National Title Holding Company in January 2019 and subsequently named Chief Executive Officer in January 2023. She also holds the title of Senior Vice President of Old Republic International Corporation. Ms. Monroe has over 40 years of experience and leadership in the title insurance industry, encompassing both direct and agency operations. Prior to joining Old Republic, she was a Senior Vice President at Land America Financial Group and previously served as President of the largest independent title agent in New Mexico.
W. Todd Gray, Senior Vice President, Executive Vice President and Treasurer
W. Todd Gray has served as Executive Vice President and Treasurer of Old Republic International since June 2018. Before this, he was Senior Vice President in Operations & Finance at Old Republic General Insurance Companies, a position he held since 2015. Mr. Gray also served as a senior executive at Oak Street Funding.
AI Analysis | Feedback
The key risks to Old Republic International (ORI) primarily revolve around its profitability and exposure to market cycles, as well as the evolving competitive landscape.
- Margin Decline and Slower Earnings Growth: Old Republic International is facing pressure from persistent margin slippage, slower earnings growth, and reduced benefits from reserve releases, particularly within its Title Insurance segment. Net profit margins have been narrowing, and the company is experiencing higher expense ratios along with legal settlements that threaten operational efficiency. Additionally, claims inflation and "social inflation" (rising litigation costs and larger jury awards) are impacting the profitability of its commercial insurance segment.
- Economic Market Exposure, particularly to the Real Estate Market: A significant portion of Old Republic International's business, specifically its lucrative title insurance segment, is highly dependent on the health of the housing and commercial real estate markets. The company faces cyclical market vulnerability, with its real estate portfolio showing a correlation with market volatility. A potential economic recession could impact real estate and insurance markets, leading to revenue fluctuations during downturns.
- Increasing Competition and Digital Transformation Challenges: Old Republic International faces increasing competition from both established players and emerging insurtech and digital-native insurance companies. The company's digital transformation metrics reportedly lag behind industry leaders, posing a challenge in terms of digital claims processing and mobile app functionality. The ability to adapt to technological changes and market trends is crucial for its long-term success amidst competitors with greater resources and broader market reach.
AI Analysis | Feedback
The following are clear emerging threats for Old Republic International (ORI):
- Digitalization and Disintermediation in Real Estate Transactions: The accelerating trend towards fully digital mortgage closings, e-recordings, and the potential for blockchain-enabled property registries threatens the traditional business model of title insurance. Proptech startups and tech-forward lenders are streamlining the real estate transaction process, aiming to reduce manual effort, speed up closings, and lower costs. This could lead to commoditization of title insurance, pressure on underwriting fees, or even disintermediation of traditional title insurers if technology can automate or simplify the title search and transfer process significantly, impacting Old Republic International's substantial title insurance segment.
- Advanced Analytics and Insurtech Competition in Property & Casualty: The emergence and growth of insurtech companies leveraging advanced artificial intelligence, machine learning, and vast datasets are fundamentally reshaping the property & casualty insurance landscape. These tech-driven competitors can often achieve more precise risk assessment, more efficient claims processing, and more personalized customer experiences. This allows them to offer highly competitive pricing, tailored products, and superior service, potentially eroding Old Republic International's market share and profitability in its various commercial and specialty P&C lines if it cannot match the speed of innovation and technological adoption.
AI Analysis | Feedback
Old Republic International (ORI) operates in several key insurance markets. The addressable market sizes for its main products and services are as follows:
- General Insurance (Property & Liability Insurance): The United States general insurance market was approximately $2.10 trillion in 2024. This market is projected to grow to nearly $4.58 trillion by 2034.
- Title Insurance: The market size for the Title Insurance industry in the United States is estimated at $17.1 billion in 2025.
- Mortgage Guaranty Insurance: The global mortgage guarantor service market size is projected to be $6.88 billion in 2025. North America was the largest region in this market in 2024.
AI Analysis | Feedback
Old Republic International (ORI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion in Specialty Insurance Lines: Old Republic International has demonstrated a strategic focus on and consistent growth in its specialty insurance segment. The company renamed its general insurance segment to "specialty insurance" to better reflect its strategy with 17 underwriting subsidiaries targeting unique niche markets. This expansion includes growth in Excess & Surplus lines and is a key component of its future growth strategy.
- Investment in Technology and AI Initiatives: ORI is actively investing in technology and artificial intelligence (AI) to enhance operational efficiency and improve its services. These initiatives are highlighted as growth strategies, particularly for its title insurance operations, where technology is considered paramount for smooth and secure real estate transactions. The company aims to leverage these investments to improve its combined ratio in title insurance.
- Growth in Title Insurance (Commercial Premiums & Direct Operations): Despite ongoing challenges in the broader real estate and mortgage markets, Old Republic International has shown resilience and growth within its Title Insurance Group. This growth is particularly evident in its direct operations and commercial premiums. The company reported increases in premium and fee revenue, with directly produced premiums and commercial premiums showing significant year-over-year growth in recent quarters.
- Higher Investment Yields: As an insurance conglomerate, Old Republic International generates a significant portion of its revenue from investment income. The company has reported increased net investment income primarily due to higher yields on its bond portfolio. This trend of higher investment yields, coupled with a favorable average reinvestment rate on corporate bonds, is expected to continue contributing positively to its overall revenue.
AI Analysis | Feedback
Share Repurchases
- Old Republic International authorized a new $750 million share repurchase program in August 2025, set to begin after the completion of the remaining $162 million from a previous $1.10 billion program announced in March 2024.
- Since December 2020, Old Republic has returned over $4.2 billion to shareholders through regular and special cash dividends and share repurchases.
- In 2024, the company executed $942 million in share repurchases, buying back 29.9 million shares at an average price of $31.82 per share.
Outbound Investments
- Old Republic International entered into an agreement in October 2025 to acquire Everett Cash Mutual Insurance Co. and its affiliated companies, with the transaction anticipated to close in 2026.
- The acquisition of Everett Cash Mutual is expected to be accretive to both Old Republic's book value per share and operating income per share.
- In January 2025, Old Republic formed a new underwriting subsidiary, Old Republic Cyber, Inc., focusing on specialized cyber- and technology-related coverage.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to ORI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -0.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.4% | -5.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.1% | 7.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -12.1% |
| 03312020 | ORI | Old Republic International | Dip Buy | DB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow YieldBuying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap) | -1.4% | 58.2% | -10.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Old Republic International
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.30 |
| Mkt Cap | 6.8 |
| Rev LTM | 7,492 |
| Op Inc LTM | - |
| FCF LTM | 928 |
| FCF 3Y Avg | 846 |
| CFO LTM | 1,048 |
| CFO 3Y Avg | 860 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.0% |
| Rev Chg 3Y Avg | 8.1% |
| Rev Chg Q | 8.8% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 17.6% |
| CFO/Rev 3Y Avg | 16.1% |
| FCF/Rev LTM | 17.4% |
| FCF/Rev 3Y Avg | 15.9% |
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Specialty Insurance | 22,710 | 21,228 | 20,661 | 19,226 | 17,870 |
| Corporate & other | 2,146 | 1,737 | |||
| Title Insurance | 1,948 | 2,078 | 2,234 | 1,921 | 1,695 |
| Consolidation elimination adjustments | -303 | -227 | -146 | -233 | -199 |
| Republic Financial Indemnity Group (RFIG) Run-off | 344 | 516 | 583 | 615 | |
| Other assets | 1,716 | 1,318 | 1,095 | ||
| Total | 26,501 | 25,159 | 24,982 | 22,815 | 21,076 |
Price Behavior
Price Behavior
| Market Price | $46.45 | |
| Market Cap ($ Bil) | 11.4 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $42.96 | $39.08 |
| DMA Trend | up | up |
| Distance from DMA | 8.1% | 18.8% |
| 3M | 1YR | |
| Volatility | 22.1% | 21.8% |
| Downside Capture | -52.93 | 18.13 |
| Upside Capture | 18.12 | 48.45 |
| Correlation (SPY) | -8.9% | 40.7% |
ORI Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.13 | -0.16 | -0.02 | 0.17 | 0.48 | 0.52 |
| Up Beta | -0.53 | 0.04 | 0.20 | 0.72 | 0.52 | 0.60 |
| Down Beta | 0.46 | -0.06 | -0.26 | -0.26 | 0.55 | 0.57 |
| Up Capture | 123% | 9% | 43% | 39% | 38% | 24% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 15 | 27 | 39 | 74 | 143 | 428 |
| Down Capture | -94% | -56% | -37% | -14% | 39% | 59% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 5 | 14 | 23 | 51 | 104 | 317 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of ORI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 42.1% | 18.1% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 21.6% | 19.0% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 1.53 | 0.74 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 65.4% | 40.8% | 6.8% | 5.6% | 61.0% | 3.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of ORI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 29.0% | 16.2% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 22.0% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 1.12 | 0.71 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 67.9% | 48.7% | 2.1% | 11.5% | 49.9% | 18.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of ORI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 17.3% | 13.1% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 25.8% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.65 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 71.8% | 59.0% | -2.3% | 21.1% | 59.2% | 10.4% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/24/2025 | -0.5% | -3.5% | 12.5% |
| 7/24/2025 | -2.4% | -1.0% | 7.6% |
| 4/25/2025 | 1.0% | 2.3% | 1.4% |
| 1/23/2025 | -0.2% | 1.6% | 1.3% |
| 10/24/2024 | -2.4% | -1.4% | 6.8% |
| 7/25/2024 | 2.1% | 8.4% | 9.0% |
| 4/25/2024 | 0.4% | 2.1% | 4.9% |
| 1/25/2024 | 1.6% | 0.5% | 5.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 20 |
| # Negative | 9 | 9 | 3 |
| Median Positive | 1.4% | 1.8% | 6.6% |
| Median Negative | -2.1% | -1.5% | -1.5% |
| Max Positive | 7.6% | 8.4% | 12.5% |
| Max Negative | -4.6% | -3.6% | -4.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 5022025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8022024 | 10-Q 6/30/2024 |
| 3312024 | 5032024 | 10-Q 3/31/2024 |
| 12312023 | 2282024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8072023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.