ORI
OLD REPUBLIC INTERNATIONAL CORP
Next earnings Jul 22, 2026 · consensus $0.81 EPS, $2.40B rev
Last earnings -5.2% on 2026-04-23
$41.87
▲ +0.92%$41.87▲ +18.72%
over 1Y
L $32.79H $43.36
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.9%
1W+4.6%
1M+13.7%
3M+4.5%
YTD-1.7%
1Y+18.7%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 8 analysts
Buy
Old Republic compounds at a 15.8% ROE, grew EPS 15%, and trades at just 10.4x with a generous capital-return record.
Revenue $9.14B · FY2025
The read
Quality fundamentals and an attractive price line up (~113% below fair value) — the rarer case where both the business and the entry look good.
Old Republic is a disciplined, diversified insurer (general/specialty lines plus title insurance) with a long history of conservative underwriting and investment management. FY2025 was strong: revenue grew 11.0% to $9.14B and net income rose 9.7% to $935M, while diluted EPS grew faster at 14.8% to $3.72 thanks to a 1.0% reduction in shares. ROE of 15.8% is attractive for an insurer, and the net margin of 10.2% reflects sound underwriting and investment income across the cycle. The recovery from the FY2022-2023 trough (net income $686M then $599M, dragged by the title-insurance/mortgage slowdown) back toward FY2021-like levels shows the franchise's resilience.
The balance sheet and investment posture are conservative by design. Management describes a fixed-income portfolio focused on investment-grade, intermediate-maturity, non-callable issues, deliberately avoiding derivatives and prepayment-sensitive mortgage securities and matching asset maturities to liability payouts. The disclosed interest-rate sensitivity is contained (a 100bp rate rise reduces the $12.7B fixed-income portfolio by roughly $500M, flowing through equity, not earnings). Liabilities/equity of 4.05x is normal for an insurer with substantial loss reserves.
Is ORI a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread (wide)~90d expiry
- Long call 42 @ ~2.02 est
- Short call 48 @ ~0.32 est
debit $170max +$430max −$170BE 43.70
High-conviction BUY: a wider spread keeps more of the upside while the short call still cuts cost and decay.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $9.34B | $8.08B | $7.26B | $8.23B | $9.14B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $1.53B | $686M | $599M | $853M | $935M |
| Diluted EPS | $5.05 | $2.26 | $2.10 | $3.24 | $3.72 |
| Net margin | 16.4% | 8.5% | 8.2% | 10.4% | 10.2% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)1.16
Earnings yield9.2%
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow—
Total debt—
Net cash$263M
Piotroski F-Score6/6
Capital returns
Buyback yield1.2%
Dividend yield (est.)7.7%
Shareholder yield8.9%
Shares Δ YoY-1.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-302026-07-01open ↗NT 11-KPeriod ending 2025-12-312026-06-29open ↗8-KPeriod ending 2026-05-212026-05-27open ↗8-KPeriod ending 2026-05-132026-05-18open ↗4Period ending 2026-05-122026-05-14open ↗424B5Filing2026-05-14open ↗FWPFiling2026-05-14open ↗424B5Filing2026-05-13open ↗144Filing2026-05-12open ↗EFFECTFiling2026-05-05open ↗4Period ending 2026-05-012026-05-05open ↗424B3Filing2026-05-05open ↗
Frequently asked
- Is OLD REPUBLIC INTERNATIONAL CORP (ORI) a buy?
- ORI currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Old Republic compounds at a 15.8% ROE, grew EPS 15%, and trades at just 10.4x with a generous capital-return record.
- What is ORI's fair value?
- A Modified-Graham model based on ORI's SEC fundamentals estimates a fair value of about $89.35. It is an estimate from reported earnings, not a price target.
- Is ORI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ORI currently appears undervalued relative to its SEC-grounded earnings power.
- What is OLD REPUBLIC INTERNATIONAL CORP's quality score?
- ORI scores 77.05383795858845/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000074260, latest 10-Q filed 2026-05-01) · EODHD · Proprietary analysis · as of 6/21/2026, 8:48:05 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:48 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.