Old Republic

OverviewSuggest Edit

Old Republic International is a holding company engaged in the business of insurance underwriting and related services. It conducts its operations through a number of regulated insurance company subsidiaries organized into three major segments: General Insurance (property and liability insurance), Title Insurance, and the Republic Financial Indemnity Group (RFIG) run-off business.
TypePublic
Founded1923
HQChicago, IL, US
Websiteoldrepublic.com
Employee Ratings2.6
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2020)9,000
Revenue (FY, 2021)$9.3 B(+31%)
Share Price (Aug 2022)$23.1
Cybersecurity ratingDMore
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Key People/Management at Old Republic

Craig R. Smiddy

Craig R. Smiddy

Director, President and Chief Executive Officer; and President and Chief Executive Officer – Old Republic General Insurance Group
Stephen J. Oberst

Stephen J. Oberst

Executive Vice President
W. Todd Gray

W. Todd Gray

Senior Vice President and Treasurer; and Senior Vice President - Operations and Finance - Old Republic General Insurance Companies
Reynolds American

Reynolds American

Executive Vice President and Chief Human Resources Officer
John R. Heitkamp

John R. Heitkamp

Senior Vice President, Secretary, and General Counsel
Karl W. Mueller

Karl W. Mueller

Senior Vice President and Chief Financial Officer
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Old Republic Office Locations

Old Republic has offices in Chicago and Saint Paul
Chicago, IL, US (HQ)
307 N Michigan Ave
Show all (2)

Old Republic Financials and Metrics

Old Republic Revenue

Old Republic's revenue was reported to be $9.34 b in FY, 2021
USD

Revenue (Q1, 2022)

2.2b

Net income (Q1, 2022)

306.3m

Market capitalization (1-Aug-2022)

7.1b

Closing stock price (1-Aug-2022)

23.1

Cash (31-Mar-2022)

95.1m
Old Republic's current market capitalization is $7.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

6.0b7.2b7.2b9.3b

Revenue growth, %

(4%)20%(1%)

Cost of goods sold

2.4b

Operating expense total

5.6b5.9b6.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.9b1.6b1.8b701.5m2.0b1.9b2.4b2.3b2.0b2.2b

Cost of goods sold

604.4m

Operating expense total

1.4b1.4b1.5b1.5b1.5b1.6b1.7b1.9b1.9b

Pre tax profit

518.5m205.4m252.4m(769.9m)499.1m306.9m630.6m396.0m106.0m382.6m
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

100.3m78.8m118.7m158.1m

Accounts Receivable

1.5b1.5b1.6b

Total Assets

19.3b21.1b22.8b25.0b

Accounts Payable

525.4m550.9m663.5m573.5m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

370.5m1.1b558.6m1.5b

Accounts Payable

30.0m88.0m176.2m160.9m

Cash From Operating Activities

760.5m936.2m1.2b1.3b

Cash From Investing Activities

(239.5m)(424.6m)(845.2m)(936.5m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

412.2m577.7m780.6m(604.8m)(207.0m)38.9m502.1m818.5m907.3m306.3m

Accounts Payable

(5.3m)2.6m116.1m1.9m54.7m51.9m(58.1m)(62.7m)49.4m

Cash From Operating Activities

136.2m313.4m666.2m216.3m438.3m808.9m296.0m515.4m970.6m278.4m

Cash From Investing Activities

(80.9m)(195.1m)(178.6m)(36.4m)(226.7m)(551.9m)88.3m(739.6m)(1.1b)(285.4m)
USDFY, 2018

Revenue/Employee

669.1k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

3.8 x
Show all financial metrics

Old Republic Operating Metrics

Old Republic's Reported Claims, units was reported to be 134.5 k in FY, 2020.
FY, 2018FY, 2019FY, 2020

Reported Claims, units

534.89 k514.73 k134.46 k

Old Republic Acquisitions / Subsidiaries

Company NameDateDeal Size
Mountain View Title & Escrow, Inc.January 24, 2022
PMA CompaniesOctober 01, 2010$247.2 m
American Business & Mercantile Insurance Mutual, Inc.
American First Title & Trust Company
American Guaranty Title Insurance Company
Attorneys’ Title Fund Services, LLC
BITCO Corporation
BITCO General Insurance Corporation
BITCO National Insurance Company
Brummel Brothers, Inc.
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Human Capital Metrics

Source: craft.co, craft.co, gxvkXkR1tXp7cSdJnzj14SR4jVjT4DNIMvxyPYQxq1s3teWHnk4XAPXLfkETP6XdOMfcMEgXyuEMK1zGXhkyECt8muVbyEYFfyKi0TwzxOUtWAtWxcQ1vt672JlIqM
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Old Republic Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

SecurityScorecard logo

Old Republic Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Old Republic Online and Social Media Presence

Embed Graph

Old Republic Company Culture

  • Overall Culture

    B-

    77/100

  • CEO Rating

    C

    69/100

  • Compensation

    B-

    76/100

  • Diversity

    B

    87/100

Learn more on Comparably

Old Republic News and Updates

Raymond James downgrades title company Old Republic as mortgage refinancing cools

Raymond James analyst C. Gregory Peters on Friday cut his rating on title insurance provider Old Republic International Corp. to outperform from strong buy and trimmed his price target by $2 a share to $28. Peters cited near-term headwinds in the its title business, which comprises 48% of Old Repub…

Old Republic Declares Regular 22 Cent Fourth Quarter Cash Dividend

CHICAGO, Nov. 24, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 22 cents per common share. This dividend is payable on December 15, 2021 to shareholders...

The original Knights of the Old Republic is coming to Switch

The original Knights of the Old Republic is coming to Switch.

Knights of the Old Republic returns with remake that is a timed exclusive to PS5

Knights of the Old Republic Remake is coming to PlayStation 5. Developer Aspyr is working on the project, which it teased today.

Old Republic Declares A Special, One-Time Cash Dividend of $1.50 Per Share

CHICAGO, Aug. 13, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has declared a special, one-time cash dividend of $1.50 per share. The dividend will be paid on October 6, 2021 to shareholders of record on September 15, 2021....

Old Republic Issues Special Report on Enterprise Risk Management

CHICAGO, Aug. 13, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced the issuance of a Special Report that addresses important Enterprise Risk Management principles and practices pertaining to: Insurance Underwriting Risk, Capital Management, and...
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Old Republic Blogs

Old Republic Reports Results for the Fourth Quarter and Full Year 2019

CHICAGO , Jan. 23, 2020 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported the following consolidated results (a):   Quarters Ended December 31, Years Ended December 31, 2019 2018 % Change 2019 2018 % Change Pretax income (loss) $ 346.0 $ (137.5) 351.6 % $ 1,322.4 $

Q4 2019 Old Republic Earnings Conference Call

Q4 2019 Old Republic Earnings Conference Call John.Bissaillo… Thu, 01/09/2020 - 10:41 Q4 2019 Old Republic Earnings Conference Call Display "add to calendar" true Event Type Earnings Conference Call Click Here for Webcast …

Old Republic International Announces Fourth Quarter 2019 Conference Call

Old Republic International Announces Fourth Quarter 2019 Conference Call Content Import Thu, 01/09/2020 - 10:35 Old Republic International Announces Fourth Quarter 2019 Conference Call January 9, 2020 at 10:35 AM EST This release is a backfill from a News Wire…

Old Republic Declares Fourth Quarter Regular Cash Dividend of 20 Cents Per Share

CHICAGO , Nov. 26, 2019 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) has declared a regular quarterly cash dividend of 20 cents per common share. This dividend is payable December 16, 2019 to shareholders of record on December 6, 2019 .

Old Republic Appoints New Chief Operating Officer To Home Protection Business

CHICAGO , Nov. 14, 2019 /PRNewswire/ --   Old Republic International Corporation (NYSE: ORI) today announced that Frank Caballero (49) will join its Old Republic Home Protection Company (ORHP) home service contract subsidiary as its Senior Vice President and Chief Operating Officer.

Old Republic Reports Results For The Third Quarter And First Nine Months Of 2019

CHICAGO , Oct. 24, 2019 /PRNewswire/ --   Old Republic International Corporation (NYSE: ORI) today reported the following consolidated results (a): Quarters Ended September 30, Nine Months Ended September 30, 2019 2018 % Change 2019 2018 % Change Pretax income (loss) $ 252.4 $ 335.1 -24.7 % $ 976.3
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Old Republic Frequently Asked Questions

  • When was Old Republic founded?

    Old Republic was founded in 1923.

  • Who are Old Republic key executives?

    Old Republic's key executives are Craig R. Smiddy, Stephen J. Oberst and W. Todd Gray.

  • How many employees does Old Republic have?

    Old Republic has 9,000 employees.

  • What is Old Republic revenue?

    Latest Old Republic annual revenue is $9.3 b.

  • What is Old Republic revenue per employee?

    Latest Old Republic revenue per employee is $1 m.

  • Who are Old Republic competitors?

    Competitors of Old Republic include Fidelity National Financial, AXA and The Hartford.

  • Where is Old Republic headquarters?

    Old Republic headquarters is located at 307 N Michigan Ave, Chicago.

  • Where are Old Republic offices?

    Old Republic has offices in Chicago and Saint Paul.

  • How many offices does Old Republic have?

    Old Republic has 2 offices.