Fundamentals snapshot
ORI · NYQ · Financial Services · Insurance - Property & Casualty
Current price
$39.66
52-week range
$36.65 - $46.76
Market cap
$9.58B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net cash $366.80M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Old Republic International Corporation mainly makes money by selling insurance and services related to real estate deals. Their insurance covers many things, from your car and home to specialized business risks like cyber attacks, and they make money from the premiums people pay for this protection. The title insurance side helps protect buyers and lenders when they purchase property, making sure everything is clear legally, which is important for safe property transactions.
Old Republic International Corporation (ORI) was founded in 1923 and has grown into a significant player in the insurance industry. It was organized in 1969 as a holding company to manage its growing insurance, financial, and investment operations. Over the decades, ORI has strategically acquired and integrated various insurance businesses, expanding its reach and capabilities. A key turning point was its decision to focus on specialized insurance niches and title insurance, rather than trying to be a broad, multi-line insurer. This strategic focus has allowed the company to build deep expertise in its chosen areas and maintain a strong market position. ORI's common stock was listed on the New York Stock Exchange in 1990, marking its transition into a publicly traded entity. The company has a long history of paying dividends, demonstrating a commitment to returning value to shareholders.
Old Republic International Corporation is an insurance holding company. This means it owns and operates various insurance businesses that provide protection against financial losses. Think of it like a parent company that oversees several different insurance brands, each specializing in different types of coverage. These companies underwrite (which means they assess risk and decide whether to offer insurance and at what price) and provide insurance policies to individuals and businesses. They also offer related services that help manage risk and process claims when something goes wrong. The company's core business is to take on financial risk in exchange for premiums (the money customers pay for insurance).
This is Old Republic's largest business segment, focusing on providing a wide array of property and liability insurance primarily to commercial clients. Imagine businesses needing protection for their operations, vehicles, employees, or specific risks. This segment offers coverages like commercial auto insurance for delivery fleets, workers' compensation for employees injured on the job, and general liability for businesses that might be sued if someone gets hurt on their premises. It also includes specialized coverages such as aviation insurance for aircraft and cyber insurance to protect against data breaches. These policies are crucial for businesses across various industries, from transportation and construction to healthcare and education, helping them manage the risks inherent in their operations.
The Title Insurance segment is focused on real estate transactions. When you buy a house or a commercial property, there's a risk that the seller might not have a clear right to sell it, or that there could be hidden problems with the property's ownership history (called title defects). Title insurance protects the buyer and the lender (if there's a mortgage) against financial losses from these title issues. This segment also provides essential services like escrow, where a neutral third party holds funds and documents until the sale is complete, and construction disbursement, managing payments to contractors during building projects. This business is closely tied to the activity in the real estate market, including home sales and commercial property development.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net cash $366.8M - more cash than debt. Interest coverage 17.8x.
Old Republic International Corporation's profit covers its interest bill about 17.8 times over. which is stronger than most peers shown here.
Total debt $2.28B Interest coverage 17.84x This is the baseline the peer rows are being compared against.
Total debt $2.04B Interest coverage 14.41x -19% vs ORI Carries about 1.2x less debt cushion than ORI.
Total debt $876.00M Interest coverage 57.23x +221% vs ORI Carries about 3.2x more debt cushion than ORI.
Total debt $3.10B Interest coverage 18.97x +6% vs ORI Has roughly the same debt cushion as ORI.
Total debt $4.37B Interest coverage 14.27x -20% vs ORI Carries about 1.3x less debt cushion than ORI.
Total debt $844.00M Interest coverage 20.53x +15% vs ORI Carries about 1.2x more debt cushion than ORI.
What you should know
The numbers
Tap any ? icon to learn what it means.
Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know