- Press Release $ORI (-0.51%) Old Republic Int. Q4 non-GAAP EPS of $0.90 beats by $0.21.
- Revenue of $2.16 billion (+11.3% Y/Y) is $50 million.
- Consolidated net written premiums and fees increased 11.4% for the quarter and 9.0% for the full year.
- Net investment income increased 9.8% for the quarter and 16.4% for the full year.
- Consolidated combined ratio in the fourth quarter of 92.7%, compared with 93.3% in the previous year; consolidated combined ratio for the full year of 93.9%, compared with 92.6% in the previous year.
- Favorable loss reserve development of 2.9 points in the quarter, compared to 4.7 points in the previous year.
- Total capital returned to shareholders of $733 during the quarter and $1,708 for the full year.
- Book value per share of $22.84, including dividends declared (including a special cash dividend of $2.00 per share), has increased 11.1% since year-end 2023