Old Republic International (ORI)
Market Price (5/6/2026): $39.25 | Market Cap: $9.5 BilSector: Financials | Industry: Property & Casualty Insurance
Old Republic International (ORI)
Market Price (5/6/2026): $39.25Market Cap: $9.5 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 20%, Dividend Yield is 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 13% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Stock buyback supportStock Buyback 3Y Total is 1.6 Bil Low stock price volatilityVol 12M is 23% Megatrend and thematic driversMegatrends include Future of Real Estate Transactions. Themes include Digital Title & Escrow Services, and Real Estate Risk Underwriting. | Key risksORI key risks include [1] declining profitability from persistent margin slippage and legal settlements, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 9.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Stock buyback supportStock Buyback 3Y Total is 1.6 Bil |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include Future of Real Estate Transactions. Themes include Digital Title & Escrow Services, and Real Estate Risk Underwriting. |
| Key risksORI key risks include [1] declining profitability from persistent margin slippage and legal settlements, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Mixed Financial Performance with Underwriting Pressure: Old Republic International's stock remained largely flat due to a mixed financial performance, characterized by strong top-line growth but moderating profitability. In Q4 2025, operating earnings per share of $0.74 fell short of analyst expectations of $0.87, leading to a 14% pre-market stock decline. Similarly, Q1 2026 saw net operating income per diluted share of $0.68, missing the consensus forecast of $0.80 by 15%. This was accompanied by a deterioration in the consolidated combined ratio, rising from 92.7% in Q4 2024 to 96.0% in Q4 2025, and further to 96.6% in Q1 2026 from 93.7% in Q1 2025, indicating increased underwriting costs.
2. Robust Premium Growth Offset by Profitability Concerns: Despite the underwriting pressures, the company demonstrated solid premium growth, which likely provided support against a steeper decline. Net premiums and fees earned increased 9.8% to $2.1 billion in Q4 2025 and grew 7.1% year-over-year to $1.97 billion in Q1 2026, driven by a 4.7% rise in Specialty Insurance and a 12.0% increase in Title Insurance. However, the Specialty Insurance segment experienced a 19.8% decline in pretax operating income in Q1 2026, suggesting that growth in premiums was somewhat offset by higher claim costs or expenses.
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Stock Movement Drivers
Fundamental Drivers
The 1.0% change in ORI stock from 1/31/2026 to 5/5/2026 was primarily driven by a 13.6% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.88 | 39.25 | 1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,749 | 9,421 | 7.7% |
| Net Income Margin (%) | 9.5% | 10.8% | 13.6% |
| P/E Multiple | 11.4 | 9.3 | -18.3% |
| Shares Outstanding (Mil) | 245 | 243 | 1.0% |
| Cumulative Contribution | 1.0% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| ORI | 1.0% | |
| Market (SPY) | 3.6% | 10.2% |
| Sector (XLF) | -3.0% | 20.9% |
Fundamental Drivers
The 6.7% change in ORI stock from 10/31/2025 to 5/5/2026 was primarily driven by a 13.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.77 | 39.25 | 6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,749 | 9,421 | 7.7% |
| Net Income Margin (%) | 9.5% | 10.8% | 13.6% |
| P/E Multiple | 10.8 | 9.3 | -13.6% |
| Shares Outstanding (Mil) | 245 | 243 | 1.0% |
| Cumulative Contribution | 6.7% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| ORI | 6.7% | |
| Market (SPY) | 5.5% | -0.3% |
| Sector (XLF) | -0.6% | 20.5% |
Fundamental Drivers
The 13.7% change in ORI stock from 4/30/2025 to 5/5/2026 was primarily driven by a 14.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.52 | 39.25 | 13.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,231 | 9,421 | 14.4% |
| Net Income Margin (%) | 10.4% | 10.8% | 4.6% |
| P/E Multiple | 10.0 | 9.3 | -6.8% |
| Shares Outstanding (Mil) | 247 | 243 | 1.9% |
| Cumulative Contribution | 13.7% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| ORI | 13.7% | |
| Market (SPY) | 30.4% | 8.6% |
| Sector (XLF) | 7.4% | 32.4% |
Fundamental Drivers
The 91.6% change in ORI stock from 4/30/2023 to 5/5/2026 was primarily driven by a 27.5% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.49 | 39.25 | 91.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,082 | 9,421 | 16.6% |
| Net Income Margin (%) | 8.5% | 10.8% | 27.5% |
| P/E Multiple | 8.8 | 9.3 | 6.1% |
| Shares Outstanding (Mil) | 295 | 243 | 21.6% |
| Cumulative Contribution | 91.6% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| ORI | 91.6% | |
| Market (SPY) | 78.7% | 31.2% |
| Sector (XLF) | 63.2% | 53.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ORI Return | 45% | 7% | 26% | 27% | 37% | -10% | 207% |
| Peers Return | 27% | 3% | 14% | 9% | -0% | 1% | 62% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| ORI Win Rate | 58% | 50% | 58% | 50% | 67% | 40% | |
| Peers Win Rate | 60% | 50% | 57% | 57% | 53% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| ORI Max Drawdown | -4% | -13% | -2% | -7% | -2% | -12% | |
| Peers Max Drawdown | -5% | -17% | -4% | -9% | -18% | -11% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VOYA, FAF, SIGI, RLI, CB. 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] 2026 data is for the year up to 5/5/2026 (YTD)
How Low Can It Go
| Event | ORI | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.4% | -6.7% |
| % Gain to Breakeven | 12.9% | 7.1% |
| Time to Breakeven | 125 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.9% | -24.5% |
| % Gain to Breakeven | 13.5% | 32.4% |
| Time to Breakeven | 63 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.4% | -33.7% |
| % Gain to Breakeven | 86.4% | 50.9% |
| Time to Breakeven | 350 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.4% | -19.2% |
| % Gain to Breakeven | 11.6% | 23.7% |
| Time to Breakeven | 123 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.6% | -12.2% |
| % Gain to Breakeven | 11.9% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.3% | -17.9% |
| % Gain to Breakeven | 27.1% | 21.8% |
| Time to Breakeven | 123 days | 123 days |
In The Past
Old Republic International's stock fell -3.0% during the 2025 US Tariff Shock. Such a loss loss requires a 3.1% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | ORI | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -46.4% | -33.7% |
| % Gain to Breakeven | 86.4% | 50.9% |
| Time to Breakeven | 350 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.3% | -17.9% |
| % Gain to Breakeven | 27.1% | 21.8% |
| Time to Breakeven | 123 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.2% | -53.4% |
| % Gain to Breakeven | 105.0% | 114.4% |
| Time to Breakeven | 510 days | 1085 days |
In The Past
Old Republic International's stock fell -3.0% during the 2025 US Tariff Shock. Such a loss loss requires a 3.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Old Republic International (ORI)
AI Analysis | Feedback
Here are 1-3 brief analogies for Old Republic International (ORI):
- Think of it as Fidelity National Financial (FNF) for real estate title insurance, combined with a broad commercial and specialty insurer similar to Travelers (TRV) for businesses.
- A diversified insurance company that's like Chubb (CB) for commercial and specialty lines, but also a major player in real estate title insurance, similar to Fidelity National Financial (FNF).
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- General Insurance Products: A diverse range of property and casualty insurance offerings for businesses, institutions, and individuals, including commercial lines, specialty financial indemnity, and consumer warranty products.
- Title Insurance Policies: Insurance that protects real estate purchasers, investors, and lenders against financial loss due to defects in property title.
- Real Estate Information & Transaction Services: Services facilitating real estate transfers and loan transactions, such as escrow closing, construction disbursement, and providing real estate-related data.
- Private Mortgage Insurance: Coverage that protects mortgage lenders and investors from default-related losses on residential mortgage loans.
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Major Customers of Old Republic International (ORI)
Old Republic International (ORI) primarily sells its insurance products and related services to other companies, government entities, and institutions. The provided company description does not list specific customer names or their public symbols. However, it identifies the following major categories of customers that it serves:
- Businesses across diverse industries: This includes sectors such as transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services.
- Government Entities: Institutions at various levels of government.
- Mortgage Lenders and Investors: These entities purchase private mortgage insurance coverage and utilize various title-related services.
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Craig R. Smiddy
President and Chief Executive Officer
Mr. Smiddy has served as President and Chief Executive Officer (CEO) of Old Republic International Corporation (ORI) since 2019 and also holds the title of President of the Old Republic Specialty Insurance Group (ORSIG). He brings 37 years of experience in the insurance and reinsurance industries, encompassing claims, product management, underwriting, and operations. Prior to joining ORI, he spent 16 years with Munich Re America, where he was President of their Specialty Markets division and a member of their Executive Leadership Team. His insurance career began at Progressive Insurance, where he spent 10 years.
Frank J. Sodaro
Senior Vice President and Chief Financial Officer
Mr. Sodaro is the Senior Vice President and Chief Financial Officer (CFO) at Old Republic International Corporation (ORI). He joined ORI in 2017 as Deputy CFO and assumed the CFO role in July 2021. His responsibilities include providing leadership for the finance, accounting, and Corporate IT teams, including oversight and strategy. Before his tenure at ORI, Mr. Sodaro was with Kemper for over 20 years, where he held various positions in internal audit, corporate accounting, and financial planning and analysis, and served as CFO.
W. Todd Gray
Executive Vice President, Old Republic International Corporation and President, Old Republic Asset Management Company
Mr. Gray serves as Executive Vice President of Old Republic International Corporation (ORI) and President of Old Republic Asset Management Company (ORAM). He has 34 years of experience in the insurance industry, with a focus on finance, accounting, investment, and operational management. Before joining ORI, he was the Chief Financial Officer of Oak Street Funding, a specialty commercial finance organization. Earlier in his career, he was President of American Modern Insurance Group after serving as its Chief Financial Officer for several years.
Carolyn Monroe
President and Chief Executive Officer, Old Republic National Title Holding Company and Old Republic National Title Insurance Company
Ms. Monroe is the President and Chief Executive Officer of Old Republic National Title Holding Company and Old Republic National Title Insurance Company. She also holds the role of Senior Vice President of Old Republic International Corporation (ORI). She possesses over 40 years of extensive experience and leadership in both direct and agency operations within the title insurance industry. Ms. Monroe joined Old Republic Title in 2009 and has since taken on progressively responsible roles with broader geographic exposure.
Thomas A. Dare
Senior Vice President, General Counsel, and Secretary
Mr. Dare is the Senior Vice President, General Counsel, and Secretary of Old Republic International Corporation (ORI). He is responsible for the company's legal affairs and acts as the principal counsel to the Office of the Chief Executive Officer. Mr. Dare brings an extensive 38-year background in legal and operational matters within the insurance industry, covering areas such as third-party claim administration, reinsurance, self-insurance, and managed care. Prior to joining Old Republic in 2014, he held numerous legal leadership positions at Healthcare Solutions, CUNA Mutual Group, Broadspire, and Kemper National Services.
AI Analysis | Feedback
The key risks to Old Republic International (ORI) include:
- Loss Reserves and Underwriting Risks: As an insurance company, Old Republic International's financial performance is heavily reliant on its ability to accurately estimate future claim costs and establish adequate loss reserves. If actual insured losses exceed these estimates, or if the company fails to underwrite risks accurately and set competitive yet profitable rates, it could materially and adversely affect its financial condition and profitability.
- Dependence on Housing Market Trends: The company's Title Insurance segment, a significant contributor to its revenue, is highly sensitive to the overall health of the housing and commercial real estate markets. Fluctuations in housing demand, mortgage loan availability and interest rates, and general employment trends can significantly impact the earnings of this segment. A downturn in these markets or renewed mortgage rate volatility could compress title premiums and negatively affect the company's financial outcomes.
- Investment Risks: Old Republic International generates substantial investment income from its portfolio of invested funds, often referred to as "float." This investment portfolio is exposed to market-wide risks, including inflation, regulatory changes, economic instability, and interest rate volatility. These factors can affect the valuation of both fixed-income and equity securities within the portfolio, thereby impacting the company's financial condition and overall profitability.
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The potential for distributed ledger technology (blockchain) to create immutable and publicly verifiable land registries and property ownership records represents an emerging threat to the title insurance segment. Such a technological shift could fundamentally reduce or eliminate the need for traditional title searches and the associated insurance policies offered by Old Republic International's Title Insurance segment, similar to how digital distribution disrupted physical media businesses.
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Old Republic International (ORI) operates in significant addressable markets across its three main segments: General Insurance, Title Insurance, and Private Mortgage Insurance. The company primarily serves the United States and Canada.
General Insurance Segment
- United States Commercial Insurance: The U.S. commercial insurance market was valued at approximately USD 294.6 billion in 2024 and is projected to reach USD 489.1 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033. Another estimate for the U.S. commercial insurance market was USD 271.93 billion in 2025, expected to reach USD 416.83 billion by 2035 with a CAGR of 5.47% from 2026-2035. Overall, the aggregated premiums for commercial business lines grew to USD 502.35 billion in 2024. North America, which includes the U.S., holds approximately 40% of the global commercial insurance market share.
- United States Home Warranty: The U.S. home warranty market was valued at USD 4.26 billion in 2024 and is projected to reach USD 5.68 billion by 2032, growing at a CAGR of 4.19% from 2026 to 2032. Other sources indicate the market size as $4.6 billion in 2025 and $3.9 billion in 2023. Approximately 36 million homes in the United States are covered under some form of home warranty plan.
- United States Automobile Extended Warranty: The U.S. auto extended warranty market was valued at $18.36 billion in 2020 and is projected to reach $24.48 billion by 2030, with a CAGR of 2.9% from 2021 to 2030. The broader U.S. extended warranty market, which includes automobiles, was valued at USD 53.01 billion in 2025 and is projected to reach USD 117.02 billion by 2034, with automobiles accounting for 30% of this market in 2025.
- Canada General Insurance: The general insurance market in Canada was valued at approximately USD 59.98 billion in 2024 and is projected to reach USD 87.56 billion by 2030, growing at a CAGR of 6.51% from 2025 to 2030. In terms of gross written premiums, the sector is forecast to grow from CAD86.75 billion (approximately $65.12 billion) in 2024 to CAD115.82 billion (approximately $90.07 billion) in 2029, at a CAGR of 6%. Property insurance is the leading line of business in Canada's general insurance industry.
- Canada Home Insurance: The Canada home insurance market size was valued at USD 25.05 billion in 2025 and is estimated to grow from USD 26.71 billion in 2026 to reach USD 36.79 billion by 2031, at a CAGR of 6.62% during the forecast period (2026-2031).
Title Insurance Segment
- United States Title Insurance: The title insurance industry in the U.S. conducted over $16.5 billion in business in 2023. Title insurance premiums generated in the U.S. were $4.5 billion during the second quarter of 2025. The U.S. market accounts for over 85% of the North American title insurance market.
- Canada Title Insurance: While specific standalone market size for Canada is not readily available, North America's title insurance market (including the U.S. and Canada) was estimated at $2 billion in 2023 and is projected to reach $2.8 billion by 2032. Canada is noted as a fast-growing segment within this North American market. FCT, a major player in Canada, issues close to 1 million policies annually.
Republic Financial Indemnity Group Run-off Business Segment (Private Mortgage Insurance)
- Global Private Mortgage Insurance (PMI): The global private mortgage insurance market is expected to reach $9.71 billion by 2029, growing at a CAGR of 9.2%. North America was the largest PMI market as of 2024.
- United States Private Mortgage Insurance (PMI): In 2024, the private mortgage insurance industry in the U.S. supported nearly $300 billion in mortgage originations. By the end of 2024, PMI firms insured approximately $1.6 trillion of mortgages.
- Canada Mortgage Default Insurance: The Canada Mortgage and Housing Corporation (CMHC), a key provider along with private insurers, maintained insurance coverage on 19.9% of Canadian residential mortgages, with total insurance-in-force reaching $452 billion as of June 30, 2025.
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Old Republic International (ORI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its insurance segments:
- Expansion in General Insurance Specialty Lines: The General Insurance Group is targeting 6% to 8% annual growth in net premiums written, with a strategic focus on specialty commercial lines and the commercial trucking market. This includes leveraging proprietary distribution networks to gain market share from smaller competitors in the commercial trucking sector.
- Introduction of Renewable Energy Liability Products: Old Republic International plans to capture the anticipated 12% increase in demand for green infrastructure coverage through 2026 by launching new specialized liability products tailored for the renewable energy sector.
- Strategic Acquisitions and Market Recovery in Title Insurance: Growth in the Title Insurance segment is projected to come from acquiring independent agencies, particularly in high-growth regions like the Sun Belt and Mountain West corridors. This expansion is also expected to benefit from a rebound in title insurance premiums as mortgage rates stabilize.
- Niche Expansion into Cybersecurity Insurance: The company launched Old Republic Cyber, Inc. in January 2025, a new underwriting subsidiary that offers cyber and technology errors and omissions (E&O) insurance products. This initiative aims to capitalize on the global cyber insurance market, which is projected to grow significantly through 2030.
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Share Repurchases
- Old Republic International authorized a new $750 million share repurchase program on August 19, 2025, which will commence immediately following the completion of approximately $162 million remaining under a $1.10 billion share repurchase program announced on March 1, 2024.
- Since December 31, 2020, Old Republic has returned over $4.2 billion to shareholders through regular and special cash dividends and share repurchases.
- Old Republic returned a total of $1,022 million to shareholders in 2025, comprising $897 million in dividends and $125 million in share repurchases.
Share Issuance
- Old Republic's shares outstanding decreased by 4.35% in 2025, 7.91% in 2024, and 5.88% in 2023.
Outbound Investments
- Old Republic International announced in October 2025 a definitive agreement to acquire Everett Cash Mutual Insurance Co. and its affiliated companies, a leading insurer of small farmowners and commercial agricultural operations, with the transaction expected to close in 2026.
- ORI has been actively expanding its Specialty Insurance segment by acquiring new companies and forming new subsidiaries, including a new environmental insurance company announced in 2025.
Capital Expenditures
- Old Republic International's strategic planning includes technological advancements and cybersecurity as critical areas for operational integrity and competitive advantage.
- Key technology priorities for 2025 included scaling cloud-native underwriting, deploying AI for predictive loss reserving and claims triage, expanding ORBIT features for title business, and integrating insurtech APIs.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | 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 | 0.3% | 0.3% | -4.0% |
| 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
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 75.27 |
| Mkt Cap | 7.5 |
| Rev LTM | 7,844 |
| Op Inc LTM | - |
| FCF LTM | 1,174 |
| FCF 3Y Avg | 1,080 |
| CFO LTM | 1,192 |
| CFO 3Y Avg | 1,097 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.1% |
| Rev Chg 3Y Avg | 9.4% |
| Rev Chg Q | 8.2% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 18.9% |
| CFO/Rev 3Y Avg | 20.0% |
| FCF/Rev LTM | 18.5% |
| FCF/Rev 3Y Avg | 19.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.5 |
| P/S | 1.0 |
| P/Op Inc | - |
| P/EBIT | 7.6 |
| P/E | 11.0 |
| P/CFO | 7.4 |
| Total Yield | 11.9% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | 12.3% |
| D/E | 0.2 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 0.8% |
| 6M Rtn | 10.5% |
| 12M Rtn | 12.9% |
| 3Y Rtn | 28.4% |
| 1M Excs Rtn | -7.6% |
| 3M Excs Rtn | -4.1% |
| 6M Excs Rtn | 4.6% |
| 12M Excs Rtn | -14.7% |
| 3Y Excs Rtn | -49.9% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Specialty Insurance | 24,563 | 22,710 | 21,228 | 20,661 | 19,226 |
| Title Insurance | 1,916 | 1,948 | 2,078 | 2,234 | 1,921 |
| Corporate & other | 1,532 | 2,146 | 1,737 | ||
| Consolidation elimination adjustments | -168 | -303 | -227 | -146 | -233 |
| Republic Financial Indemnity Group (RFIG) Run-off | 344 | 516 | 583 | ||
| Other assets | 1,716 | 1,318 | |||
| Total | 27,843 | 26,501 | 25,159 | 24,982 | 22,815 |
Price Behavior
| Market Price | $39.25 | |
| Market Cap ($ Bil) | 9.6 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -10.3% | |
| 50 Days | 200 Days | |
| DMA Price | $40.59 | $39.53 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -3.3% | -0.7% |
| 3M | 1YR | |
| Volatility | 23.0% | 22.7% |
| Downside Capture | 0.23 | 0.03 |
| Upside Capture | 25.35 | 17.18 |
| Correlation (SPY) | 10.1% | 8.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.60 | 0.38 | 0.15 | -0.03 | 0.16 | 0.42 |
| Up Beta | 0.14 | 0.18 | 0.36 | 0.38 | 0.51 | 0.54 |
| Down Beta | -2.13 | -0.52 | -0.28 | -0.35 | -0.15 | 0.49 |
| Up Capture | 51% | 41% | 23% | 6% | 12% | 15% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 10 | 20 | 35 | 69 | 137 | 426 |
| Down Capture | 478% | 98% | 13% | -29% | 1% | 41% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 23 | 29 | 56 | 114 | 323 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORI | |
|---|---|---|---|---|
| ORI | 12.1% | 22.6% | 0.43 | - |
| Sector ETF (XLF) | 5.3% | 14.6% | 0.14 | 31.5% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 7.8% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 4.1% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | -12.4% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 36.7% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | -5.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORI | |
|---|---|---|---|---|
| ORI | 18.8% | 22.2% | 0.73 | - |
| Sector ETF (XLF) | 9.4% | 18.7% | 0.39 | 63.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 45.4% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 3.1% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 9.6% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 48.0% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 14.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ORI | |
|---|---|---|---|---|
| ORI | 16.0% | 26.1% | 0.60 | - |
| Sector ETF (XLF) | 12.5% | 22.2% | 0.52 | 70.1% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 57.1% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -0.7% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 19.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 58.1% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 10.9% |
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 |
| 4/23/2026 | -5.2% | -5.6% | |
| 1/22/2026 | -9.3% | -9.4% | -4.4% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 18 |
| # Negative | 11 | 11 | 4 |
| Median Positive | 1.1% | 2.2% | 6.7% |
| Median Negative | -2.4% | -1.5% | -3.0% |
| Max Positive | 7.6% | 8.4% | 12.5% |
| Max Negative | -9.3% | -9.4% | -4.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Specialty Insurance Combined Ratio | 0.9 | 0.93 | 0.95 | 0 | Affirmed | Guidance: 0.93 for 2026 | |
| 2026 Title Insurance Combined Ratio | 0.9 | 0.93 | 0.95 | 0 | Affirmed | Guidance: 0.93 for 2026 | |
Prior: Q4 2025 Earnings Reported 1/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Specialty Insurance Combined Ratio | 0.9 | 0.93 | 0.95 | 0 | 0 | Affirmed | Guidance: 0.93 for 2025 |
| 2026 Title Insurance Combined Ratio | 0.9 | 0.93 | 0.95 | 0 | 0 | Affirmed | Guidance: 0.93 for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Risch, Therace | Direct | Buy | 5052026 | 39.90 | 300 | 11,970 | 512,436 | Form | |
| 2 | Smith, John Eric | Direct | Buy | 3042026 | 43.10 | 1,135 | 48,917 | 184,288 | Form | |
| 3 | Monroe, Carolyn | SVP - Title Insurance | Direct | Sell | 2042026 | 39.28 | 5,526 | 217,077 | 1,095,011 | Form |
| 4 | Monroe, Carolyn | SVP - Title Insurance | Direct | Sell | 11182025 | 44.54 | 6,680 | 297,527 | 1,295,000 | Form |
| 5 | Risch, Therace | Direct | Buy | 11042025 | 39.14 | 1,000 | 39,136 | 415,818 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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