Quarterly ResultMay 1, 2026, 01:52 PM
Old Republic Q1 Net Income $330M; EPS $1.36; Revenue $2.4B
AI Summary
Old Republic International reported strong first-quarter 2026 financial results, with net income to shareholders increasing significantly to $330.0 million, or $1.36 per basic share. Total revenues rose to $2.39 billion, primarily driven by higher net premiums earned and a substantial increase in net investment gains. The company also continued its share repurchase program, completing its 2024 authorization and initiating repurchases under the 2025 authorization.
Key Highlights
- Net Income to Shareholders $330.0M, up from $245.0M YoY.
- Diluted EPS $1.32, up from $0.98 YoY.
- Total Revenues $2,399.4M, up from $2,114.0M YoY.
- Net Premiums Earned $1,913.2M, up from $1,782.9M YoY.
- Total Net Investment Gains $201.8M, up from $55.0M YoY.
- Specialty Insurance underwriting income $67.2M; combined ratio 94.8%.
- Title Insurance underwriting loss $0.5M; combined ratio 100.1%.
- Repurchased 3.9M common shares for $160.7M in Q1 2026.