Quarterly ResultApr 23, 2026, 08:11 AM
Old Republic Q1 2026 Net Income Jumps 34.7% to $330M
AI Summary
Old Republic International reported a significant increase in net income for the first quarter of 2026, reaching $330.0 million, up 34.7% from the prior year, largely driven by investment gains. However, net operating income, which excludes investment gains and is a key management metric, decreased by 15.4% to $170.5 million. The company also saw a 7.1% rise in net premiums and fees earned to $1.97 billion, but its consolidated combined ratio worsened to 96.6%.
Key Highlights
- Net income increased 34.7% to $330.0 million.
- Net operating income decreased 15.4% to $170.5 million.
- Net premiums and fees earned rose 7.1% to $1.97 billion.
- Consolidated combined ratio worsened to 96.6%.
- Book value per share grew 1.3% to $24.53 since year-end 2025.