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ORI · Old Republic International Corp · Financials

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$38.91 -1.17 (-2.92%) At close · Oct 23
Market Cap
$9.39B
Shares
241.43M
Volume · Oct 23 3.11M Avg daily vol (3M) 1.45M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$9.14B +11%
FY2025 Revenue FY2008–FY2025
Net Income
$935.4M +9.7%
FY2025 Net Income FY2008–FY2025
Diluted EPS
$3.72 +14.8%
FY2025 Diluted EPS FY2008–FY2025
Operating Cash Flow
$1.16B -5.6%
FY2025 Operating Cash Flow FY2008–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$9.72B $9.14B $8.23B $7.26B $8.08B $9.34B $7.17B $7.46B $6.26B $6.26B $5.9B $5.77B $5.53B $5.44B $4.97B $4.65B $4.1B $3.8B $3.24B
$8.02B $7.79B $7.03B $6.45B $7.34B $7.56B $6.35B $5.92B $5.65B $5.08B $4.87B $4.76B $4.45B $4.46B $4.04B $3.7B $3.23B $3.11B $3.13B
$1.9B $1.85B $1.68B $1.59B $1.58B — — — — — — — — — — — — — —
$506.2M $179.7M $69.9M -$190.9M -$201.1M $758M -$142M $636.1M -$235.6M $211.6M $77.8M $91.3M $272.3M $148.1M $47.8M — — — —
$1.44B $1.18B $1.07B $747.4M $857.4M $1.92B $688.4M $1.32B $438.1M $725.4M $686M $631.8M $609.4M $672.9M -$128.5M -$236.7M $27.6M -$273.6M -$819.2M
$298.3M $242.1M $216.9M $148.7M $170.9M $387.7M $129.7M $265.9M $67.5M $164.8M $219M $209.6M $199.7M $225M -$59.8M -$96.1M -$2.5M -$174.4M -$260.8M
$1.14B $935.4M $852.7M $598.6M $686.4M $1.53B $558.6M $1.06B $370.5M $560.5M $466.9M $422.1M $409.7M $447.8M -$68.6M -$140.5M $30.1M -$99.1M -$558.3M
— 10.24% 10.36% 8.25% 8.49% 16.42% 7.8% 14.16% 5.92% 8.95% 7.91% 7.32% 7.41% 8.23% -1.38% -3.02% 0.73% -2.61% -17.24%
— — — — — — $558.6M $1.06B $370.5M $560.5M $466.9M $422.1M $409.7M $447.8M -$68.6M -$140.5M $30.1M -$99.1M —
$1.06B $1.2B $882.6M $984.1M $91.1M $1.33B $765M $1.34B $188.5M $626M $761.4M $159M $323.9M $344.3M -$3M -$183.5M $135.3M $296.3M -$693.4M
USD/shares $4.68 $3.82 $3.30 $2.12 $2.28 $5.08 $1.87 $3.52 $1.26 $2.14 $1.80 $1.63 $1.58 $1.74 -$0.27 -$0.55 $0.13 -$0.42 -$2.41
USD/shares $4.56 $3.72 $3.24 $2.10 $2.26 $5.05 $1.87 $3.51 $1.24 $1.92 $1.62 $1.48 $1.44 $1.57 -$0.27 -$0.55 $0.13 -$0.42 -$2.41
shares — 245.12M 258.03M 282.73M 301.68M 301.95M 298.41M 299.89M 294.25M 262.11M 259.43M 259.5M 258.55M 257.44M 255.81M 255.05M 241.08M 235.66M 231.48M
shares — 251.31M 262.88M 285.47M 303.3M 303.67M 298.9M 301.23M 301.02M 299.39M 296.38M 296.09M 295.07M 293.68M 255.81M 255.05M 241.33M 235.66M 231.48M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $1.88B in buybacks, $6.01B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Debt and lease obligations 2026-06-30 USD 2,284,000,000 10-Q filed 2026-07-31
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

5.700% Senior Notes due 2036

Note · Old Republic International Corporation

Reference: 5.700% Senior Notes due 2036

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 1, 2036

Last reported interest terms: 5.7% Reported 2026-05-18 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-05-13 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-05-18
    On May 13, 2026 Old Republic International Corporation (the “Company”) priced a registered underwritten public offering of 5.700% Senior Notes due 2036 in the aggregate principal amount of $700,000,000 (the “Notes”) to be sold pursuant to an underwriting agreement that was entered into among the Company, and Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters named therein, dated May 13, 2026 (the “Underwriting Agreement”).
    Issuer evidence: On May 13, 2026 Old Republic International Corporation (the “Company”) priced a registered underwritten public offering of 5.700% Senior Notes due 2036 in the aggregate principal amount of $700,000,000 (the “Notes”) to be sold pursuant to an underwriting agreement that was entered into among the Company, and Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters named therein, dated May 13, 2026 (the “Underwriting Agreement”).
    Supporting evidence: The Notes bear interest at a rate of 5.700% per annum, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2026. The Notes will mature on June 1, 2036, unless earlier repurchased by the Company.
    Supporting evidence: On May 13, 2026 Old Republic International Corporation (the “Company”) priced a registered underwritten public offering of 5.700% Senior Notes due 2036 in the aggregate principal amount of $700,000,000 (the “Notes”) to be sold pursuant to an underwriting agreement that was entered into among the Company, and Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters named therein, dated May 13, 2026 (the “Underwriting Agreement”).

5.700% Senior Notes due 2036

Note · Old Republic International Corporation

Reference: 5.700% Senior Notes due 2036

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 1, 2036

Last reported interest terms: 5.7% Reported 2026-05-18 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • Section 6.06. Reinstatement. · Reinstatement the obligations under the Indenture, this Ninth Supplemental Indenture and the Notes from which the Company has been discharged or released pursuant to Section 6.02 or 6.03 shall be revived and reinstated as though no deposit had occurred Springing Trigger: If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Note by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application Exceptions: *provided*, *however*, that if the Company makes any payment of principal of or any premium or interest on any such Note following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Note to receive such payment from the money so held in trust. Section 6.06. Reinstatement.
    Full wording and supporting evidence
    Source evidence: If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Note by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under the Indenture, this Ninth Supplemental Indenture and the Notes from which the Company has been discharged or released pursuant to Section 6.02 or 6.03 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Note, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 6.05 with respect to such Note in accordance with this Article; *provided*, *however*, that if the Company makes any payment of principal of or any premium or interest on any such Note following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Note to receive such payment from the money so held in trust.
    Target identity evidence: NINTH SUPPLEMENTAL INDENTURE, dated as of May 18, 2026 (this “Ninth Supplemental Indenture”), between Old Republic International Corporation, a Delaware corporation (the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), and Wilmington Trust Company, a Delaware trust company, as trustee (the “Trustee”) under the Indenture dated as of August 15, 1992, between the Company and the Trustee (as amended or supplemented from time to time in accordance with the terms thereof, the “Original Indenture”).
    Target identity evidence: WHEREAS, pursuant to the terms of the Indenture, the Company desires to establish a new series of its Debt Securities to be known as its “5.700% Senior Notes due 2036” (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Indenture and this Ninth Supplemental Indenture;
Documents and filing history
  1. Issuance · 2026-05-18 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-05-18
    The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture shall be $700,000,000. The Company may, without the consent of the Holders of the Notes, hereafter issue additional notes (“**Additional Notes**”) under the Indenture with the same terms and with the same CUSIP number as the Notes issued on the date of this Ninth Supplemental Indenture (the “**Initial Notes**”) in an unlimited aggregate principal amount; *provided* that such Additional Notes shall be fungible for U.S. federal income tax purposes with the Initial Notes. Any such Additional Notes shall constitute a single series together with the Initial Notes for all purposes hereunder, including, without limitation, for purposes of any waivers, supplements or amendments to the Indenture requiring the approval of Holders of the Notes and any offers to purchase the Notes.
    Issuer evidence: NINTH SUPPLEMENTAL INDENTURE, dated as of May 18, 2026 (this “**Ninth Supplemental Indenture**”), between Old Republic International Corporation, a Delaware corporation (the “**Company**,” which term includes any successor Person under the Indenture hereinafter referred to), and Wilmington Trust Company, a Delaware trust company, as trustee (the “**Trustee**”) under the Indenture dated as of August 15, 1992, between the Company and the Trustee (as amended or supplemented from time to time in accordance with the terms thereof, the “**Original Indenture**”).
    Supporting evidence: The Notes shall be substantially in the form set forth in Exhibit A attached hereto, which is incorporated herein and made part hereof. The Stated Maturity of the principal amount of the Notes shall be June 1, 2036 (the “**Stated Maturity**”). The Company will issue the Notes in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
    Supporting evidence: The Company shall pay interest on the aggregate principal amount of the Notes at 5.700% per annum until the principal amount of the Notes is paid or made available for payment. The Company shall pay interest, semi-annually in arrears on June 1 and December 1 of each year (each an “**Interest Payment Date**”), commencing December 1, 2026, to the Persons in whose names the Notes are registered at the close of business on the Regular Record Date for such interest, which shall be May 17 or November 16 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from May 18, 2026. The Company will pay interest on overdue principal, and, to the extent lawful, on overdue interest, in each case at a rate of 5.700% per annum.
    Supporting evidence: WHEREAS, all requirements necessary to make (i) this Ninth Supplemental Indenture a valid instrument in accordance with its terms, and (ii) the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have been performed, and the execution and delivery of this Ninth Supplemental Indenture have been duly authorized in all respects.
    Supporting evidence: Pursuant to the terms hereof and Sections 201 and 301 of the Indenture, the Company hereby creates a series of Securities designated as the “5.700% Senior Notes due 2036” (the “**Notes**”), which Notes shall be deemed “Securities” for all purposes under the Indenture.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
1.16×
Peer median 1.38×
EV/EBIT
—
Peer median 8.52×
P/E (TTM)
8.53×
Peer median 10.82×

Peer medians compare against the 33 similar-size Insurance - Property & Casualty companies (of 44 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017
Total of Major Segments $7,387,800,000 $8,228,300,000 $8,536,000,000 $7,266,600,000 $6,775,900,000 $6,448,100,000 $6,001,400,000
All Other Segments — $195,500,000 $166,600,000 $149,600,000 $170,000,000 $169,100,000 $170,300,000
Intersegment Elimination — — — -$108,200,000 -$121,400,000 -$122,700,000 -$120,100,000
Key facts CIK 74260 CUSIP 680223104 13F (30d) 140 filings 137 filers Visit website Investor relations