Old Republic International (ORI) Stock

CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) has announced that its Board of Directors has approved a special cash dividend of $2.00 per share. This dividend will be paid on January 15, 2025, to shareholders who are on record as of January 3, 2025, and will distribute around $500 million to shareholders.

Old Republic benefits from strong renewal retention rates, a successful Title business, financial stability, positive growth predictions, and increased returns on capital.

Retirees should consider including dividend stocks in their portfolios for steady income. Old Republic International provides a consistent 2.7% yield and has a strong track record of paying and increasing dividends, making it a reliable choice. On the other hand, Verizon offers a higher yield of 6.4%, but it carries risks such as high debt and possible legal issues, though it could perform well if managed properly.

Old Republic International reported stable results for the third quarter, thanks to dependable but decreasing underwriting margins and significant changes in unrealized gains. Although the results are strong, ORI's current valuation seems a bit higher than its fair value, and issues in the real estate market could impact profits. As a dividend aristocrat, ORI regularly gives back to its shareholders through dividends and share buybacks, offering a 13% return on its current market value.

Old Republic International Corporation (NYSE:ORI) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 3:00 PM ET. Participants from the company include Joe Calabrese from FRB, Craig Smiddy, the President and CEO, Francis Sodaro, the CFO, and Carolyn Monroe, the CEO of the Title Insurance Group. The call will also feature participants like Gregory Peters from Raymond James and Karol Chmiel from Citizens JMP, with Audra serving as the conference operator.

The financial results for Old Republic (ORI) provide an overview of its performance for the quarter ending in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Old Republic International (ORI) reported quarterly earnings of $1.32 per share, which is higher than the Zacks Consensus Estimate of $0.70 per share. This is an increase compared to earnings of $0.72 per share from the same time last year.

CHICAGO, Oct. 24, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) announced its financial results, showing a pretax operating income of $229.2 million for the quarter and $714.7 million for the first nine months of 2024. The company's net income for the quarter was $338.9 million, compared to $52.6 million in the same period last year. Additionally, the total shareholders' equity increased slightly to $6,445.3 million, with a book value per share of $25.71, reflecting a 10.3% rise.

Assess the anticipated performance of Old Republic (ORI) for the quarter that ended in September 2024. Instead of just relying on the usual Wall Street estimates for revenue and profit, let's take a closer look at some important metrics for a deeper understanding.