Old Republic InternationalNYSE: ORI

Old Republic International delivered steady third-quarter results driven by reliable but declining underwriting margins and massive unrealized gain changes. Despite strong results, ORI's current valuation appears slightly above fair value, with challenges in the real estate sector potentially affecting profitability. As a dividend aristocrat, ORI consistently rewards shareholders through dividends and share repurchases, with a 13% capital return on current market capitalization.

Old Republic International Corporation (NYSE:ORI ) Q3 2024 Earnings Conference Call October 24, 2024 3:00 PM ET Company Participants Joe Calabrese - FRB Craig Smiddy - President and Chief Executive Officer Francis Sodaro - Chief Financial Officer Carolyn Monroe - President and Chief Executive Officer, Title Insurance Group Conference Call Participants Gregory Peters - Raymond James Karol Chmiel - Citizens JMP Operator Good afternoon. My name is Audra and I will be your conference operator today.

While the top- and bottom-line numbers for Old Republic (ORI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Old Republic International (ORI) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.72 per share a year ago.

CHICAGO , Oct. 24, 2024 /PRNewswire/ -- OVERALL RESULTS Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Pretax income $   426.9 $     63.9 $   939.0 $   510.0 Pretax investment gains (losses) 197.7 (186.9) 224.3 (191.1) Pretax income excluding investment gains (losses) $   229.2 $   250.8 (8.6) % $   714.7 $   701.2 1.9 % Net income $   338.9 $     52.6 $   747.6 $   408.0 Net of tax investment gains (losses) 156.1 (147.6) 177.6 (151.0) Net income excluding investment gains (losses) $   182.7 $   200.2 (8.7) % $   570.0 $   559.0 2.0 % Combined ratio 95.0 % 91.9 % 94.3 % 92.4 % PER DILUTED SHARE Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Net income $     1.32 $     0.19 $     2.81 $     1.42 Net of tax investment gains (losses) 0.61 (0.53) 0.67 (0.53) Net income excluding investment gains (losses) $     0.71 $     0.72 (1.4) % $     2.14 $     1.95 9.7 % SHAREHOLDERS' EQUITY (BOOK VALUE) Sep. 30, Dec. 31, 2024 2023 % Change Total $  6,445.3 $  6,410.7 0.5 % Per Common Share $   25.71 $   23.31 10.3 % ________ All amounts in this report are stated in millions except where noted, common stock data, and percentages. Old Republic International Corporation (NYSE: ORI) today reported pretax income, excluding investment gains (losses) (pretax operating income), of $229.2 for the quarter and $714.7 for the first nine months.

Evaluate the expected performance of Old Republic (ORI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

CHICAGO , Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results.

ORI gains from high renewal retention ratios, well-performing Title business, financial flexibility, favorable growth estimates and higher return on capital.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Old Republic International (ORI) have what it takes?