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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, USMap
Websiteoldrepublic.com
Employee Ratings2.6More
Overall CultureBMore

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)9,000
Revenue (FY, 2019)$7.2 B(+20%)
Share Price (May 2021)$26.3
Cybersecurity ratingCMore

Key People/Management at Old Republic

W. Todd Gray

W. Todd Gray

Senior Vice President and Treasurer; and Senior Vice President - Operations & Finance - Old Republic General Insurance Companies
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
Stephen J. Oberst

Stephen J. Oberst

Executive Vice President
Craig R. Smiddy

Craig R. Smiddy

Director, President and Chief Executive Officer; and President and Chief Executive Officer – Old Republic General Insurance Group
Rande K. Yeager

Rande K. Yeager

Executive Chairman – Old Republic Title Group
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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 $7.21 b in FY, 2019
USD

Net income (Q1, 2021)

502.1m

Market capitalization (14-May-2021)

7.9b

Closing stock price (14-May-2021)

26.3

Cash (31-Mar-2021)

123.4m

EV

8.7b
Old Republic's current market capitalization is $7.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

5.8b6.3b6.0b7.2b

Revenue growth, %

3%7%(4%)

Cost of goods sold

2.5b2.4b2.5b2.5b

Gross profit

3.8b3.6b4.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.4b1.5b1.6b1.3b1.6b1.8b1.9b1.6b701.5m2.0b1.9b

Cost of goods sold

559.2m608.8m759.0m590.1m601.0m615.1m598.5m629.9m659.5m619.7m617.8m633.2m

Gross profit

885.6m890.2m834.0m740.3m1.0b1.2b1.3b1.0b81.8m1.4b1.3b

Gross profit Margin, %

61%59%52%56%63%65%68%62%12%69%66%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

93.0m101.2m153.3m136.7m159.8m145.7m125.9m100.3m78.8m118.7m

Inventories

12.8b

Goodwill

162.0m160.7m

Total Assets

16.1b16.2b16.5b17.0b17.1b18.6b19.4b19.3b21.1b22.8b
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

65.3m88.0m118.1m129.6m108.7m117.4m109.2m125.5m122.6m112.7m156.3m130.2m146.3m219.9m150.4m128.1m160.1m137.1m168.7m144.6m177.2m195.1m139.2m103.4m107.9m115.2m92.8m99.8m109.6m144.5m123.4m

Total Assets

14.0b14.0b16.3b16.1b16.0b16.2b15.9b16.2b16.4b16.3b16.5b16.8b17.2b17.0b17.2b17.3b17.3b17.4b18.0b18.8b18.9b19.4b19.7b19.0b19.5b19.8b20.3b21.0b21.2b20.4b21.7b22.2b23.0b

Accounts Payable

266.1m278.0m399.9m395.0m385.8m458.9m434.0m468.2m505.8m504.2m433.4m376.9m347.8m365.6m452.0m425.6m447.9m446.7m435.6m454.5m470.2m449.7m464.1m504.2m493.3m510.8m516.8m518.6m547.1m540.3m651.5m

Long-term debt

346.8m346.4m1.0b923.1m912.8m910.1m573.8m573.0m570.0m570.0m569.2m566.2m566.2m965.0m961.7m961.7m961.7m982.3m982.9m1.5b1.5b1.5b1.5b974.1m974.4m981.1m975.1m975.4m973.7m967.8m968.1m966.2m947.2m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(140.5m)(68.6m)447.8m409.7m422.1m466.9m560.5m370.5m558.6m

Depreciation and Amortization

21.9m23.9m

Accounts Payable

111.2m98.6m134.5m30.0m176.2m

Cash From Operating Activities

(94.9m)532.0m452.8m760.5m936.2m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

82.5m43.5m(30.3m)(79.2m)(195.7m)400.0k(33.5m)(48.4m)56.2m250.2m353.1m194.4m260.5m346.4m103.4m205.5m331.4m122.9m224.0m335.0m113.1m214.7m4.0m201.8m477.0m412.2m577.7m780.6m(604.8m)38.9m502.1m

Accounts Payable

18.5m70.8m22.0m36.1m73.9m8.1m(21.0m)13.9m(15.7m)6.0m36.1m(13.7m)(16.8m)3.7m29.2m27.8m71.9m24.4m46.3m124.9m(15.6m)13.7m71.8m(68.7m)(47.4m)21.0m(5.3m)2.6m116.1m1.9m54.7m51.9m(58.1m)

Cash From Operating Activities

(211.3m)(172.9m)(52.1m)(153.4m)(127.6m)49.0m130.3m322.3m143.2m278.3m459.0m135.4m172.3m(370.0m)190.8m303.7m566.5m125.9m163.8m401.9m146.1m259.0m522.1m130.8m287.3m597.1m136.2m313.4m666.2m216.3m438.3m808.9m

Purchases of PP&E

(5.1m)
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USDQ2, 2010

Financial Leverage

3.5 x
Show all financial metrics

Old Republic Operating Metrics

Old Republic's Reported Claims, units was reported to be 145.8 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

162.39 k162.45 k145.79 k
Show all operating metrics

Old Republic Acquisitions / Subsidiaries

Company NameDateDeal Size
PMA Capital CorporationOctober 06, 2010

Old Republic Revenue Breakdown

Embed Graph

Old Republic revenue breakdown by business segment: 38.0% from Title Insurance, 59.8% from General Insurance and 2.3% from Other

Old Republic Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

Learn more about our premium products
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Old Republic Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

Learn more about our premium products
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Old Republic Online and Social Media Presence

Old Republic's Trends

Embed Graph

Old Republic Company Culture

  • Overall Culture

    B

    82/100

  • CEO Rating

    A-

    81/100

  • Compensation

    A

    88/100

  • Diversity

    B

    86/100

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Old Republic News and Updates

May 14, 2021

Old Republic Declares Second Quarter Cash Dividend Of 22 Cents Per Share

CHICAGO, May 14, 2021 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a regular quarterly cash dividend of 22 cents per common share. This dividend is payable on June 15, 2021 to shareholders of record on June 4, 2021. Subject to Board...
April 06, 2021

Owl Creek Calls On Old Republic to Unload Title Division

Owl Creek Calls On Old Republic to Unload Title Division
January 07, 2021

Old Republic Special Dividend Letter To The Shareholders

CHICAGO, Jan. 6, 2021 /PRNewswire/ -- On December 18, 2020, the Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a special, one-time cash dividend of $1.00 per share payable on January 15, 2021 to shareholders of record on January 5, 2021. The attached...
December 08, 2020

Star Wars: Knights of the Old Republic II — The Sith Lords debuts on mobile on December 18

Star Wars: Knights of the Old Republic II -- The Sith Lords debuts on mobile on December 18, according to developer and publisher Aspyr.
March 12, 2020

Old Republic Announces Stock Purchase By Its ESSOP

CHICAGO, March 12, 2020 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported that its Employees Savings & Stock Ownership Plan ("ESSOP") planned to acquire up to 3,000,000 Old Republic common shares in open-market purchases, as market conditions may warrant....

Old Republic Blogs

January 23, 2020

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 $
January 09, 2020

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 …
January 09, 2020

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…
November 26, 2019

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 .
November 14, 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.
October 24, 2019

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 W. Todd Gray, John R. Heitkamp and Karl W. Mueller.

  • How many employees does Old Republic have?

    Old Republic has 9,000 employees.

  • 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.