On Thursday, Old Republic International Corporation (NYSE:ORI) released its second-quarter 2025 financial results, delivering earnings that aligned with analyst estimates while posting revenue above expectations. The specialty insurer benefited from robust premium growth alongside stronger underwriting performance.
The company reported diluted earnings per share of $0.81, in line with the consensus forecast. Revenues totaled $2.21 billion, beating the projected $2.18 billion. Consolidated net premiums and fees earned rose 11.0% year-over-year to nearly $2 billion.
Net income for the quarter climbed sharply to $204.4 million, up from $91.8 million in the same quarter of 2024. Net operating income—which excludes investment results—increased 3.3% to $209.2 million. Operating income per diluted share improved by 9.2% to $0.83, compared to $0.76 a year earlier.
Old Republic maintained a steady consolidated combined ratio of 93.6%, almost unchanged from 93.5% in the prior year. Growth was primarily driven by the Specialty Insurance segment, which posted a 14.6% increase in net premiums earned and improved its combined ratio from 92.4% to 90.7%.
Meanwhile, the Title Insurance segment showed more moderate gains with a 5.2% rise in net premiums and fees earned. However, pretax operating income for this segment declined 47.2% to $24.2 million, impacted by higher loss ratios and expenses.
During the quarter, Old Republic returned $71.8 million to shareholders through dividend payments. Book value per share increased 12.6% since the end of 2024, reaching $25.14 when including declared dividends.
Old Republic International stock price
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