Business Description
Old Republic International Corporation is a Chicago-based specialty insurance holding company that operates primarily in the United States and Canada. Founded in 1923, the company provides a wide range of property, casualty, and title insurance products to commercial clients and individuals. It is distinctive for its decentralized structure of specialized underwriting businesses and its long-standing track record of consistent dividend payments.
Everything on Old Republic International Corp.
Financials
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Revenue (FY2025)
$9.14B
YoY growth
+11.0%
Operating margin
-36.3%
Direction
Expanding
Gross margin
—
Net margin
10.2%
Earnings Transcripts
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Craig R. Smiddy — President and Chief Executive Officer; Director
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Barbara A. Adachi — Independent Director
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Steven J. Bateman — Independent Director
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Lisa J. Caldwell — Independent Director
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Michael D. Kennedy — Independent Director
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Spencer LeRoy III — Independent Director; Chairman of the Board
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Peter B. McNitt — Independent Director
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Glenn W. Reed — Independent Director
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Therace M. Risch — Independent Director
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J. Eric Smith — Independent Director
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Steven R. Walker — Independent Director; Lead Independent Director
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Frank J. Sodaro — Senior Vice President and Chief Financial Officer
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W. Todd Gray — Executive Vice President and Treasurer
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Carolyn Monroe — Senior Vice President - Title Insurance; President and CEO of Old Republic National Title Insurance Group
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Stephen J. Oberst — Executive Vice President
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Acquisitions
Old Republic International Corp. acquires PMA Capital Corporation (NASDAQ: PMACA) — Acquisition · 2010
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Old Republic International Corp. acquires Aon Construction Program Group (Special Risk Resources Insurance Agency, Inc. and Special Risk Resources Insurance Agency of New York, Inc.) — Acquisition · 2006
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Old Republic International Corp. acquires Everett Cash Mutual Insurance Co. / ECM Insurance Company (ECM Group) — Acquisition · 2026
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Share Repurchase Program
Total authorized
$1.85 billion total: a $1.1 billion program announced March 1, 2024 (the 2024 authorization) plus an additional $750.0 million announced August 19, 2025 (to commence upon completion of the 2024 authorization).
Remaining (as of December 31, 2025 (updated through February 19, 2026))
$856.7 million as of December 31, 2025; approximately $790.0 million as of February 19, 2026 (after repurchasing 1.6 million additional shares for $66.6 million post-year-end).
Latest FY repurchased
$123.8 million (FY2025 'Repurchase of Common Stock' per the 10-K cash flow statement; 1,297,998 shares were repurchased in Q4 2025 alone at an average $42.51).
Customer Concentration
The Company does not derive over 10% of its consolidated revenues from any one customer.
Recent SEC Filings
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