If Warren Buffett's Berkshire is already making a lot of money with insurance, it can't hurt me either 😁

My $ORI (-3.2%) I started building up my position in September 2021, until then I had only $ALV (-1.47%) and $AFL (-4.02%) in the portfolio. In the meantime $TRV (-3.41%) and recently also $AMP (-3.86%)
$BRO (-3.69%) have landed in the Scalable portfolio, in which I also invest in the "Ultimate Homer ETF" Trade Republic Depot via a savings plan, as well as $MUV2 (+0.4%)
$HNR1 (+0.97%)
$PGR (-1.07%)
$ALL (-1.87%)
$AJG (-3.09%)
$TLX (+1.95%)
$8766 (+1.99%) 😁

Which insurance companies are you with?

Old Republic balance sheet

Benchmark

Amazing that with a dividend aristocrat you could keep up well with the ETFs over the last 5 years 💪😁

Benchmark vs competition

• Press Release $ORI (-3.2%) 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

$ORI (-3.2%) Old Republic International Corporation has announced the formation of a new insurance services subsidiary, Old Republic Cyber, Inc. that will offer cyber and technology errors and omissions (E&O) insurance products.

The new company will be led by CJ Pruzinsky as President, Kevin McGowan as Executive Vice President and Chief Underwriting Officer. Old Republic Cyber will focus on providing specialty coverage for cyber and technology risks.

Pruzinsky brings 18 years of experience in cyber insurance and has held key positions at AIG, Beazley and most recently Resilience. McGowan has 15 years of experience in cyber insurance and has worked at Ace, Beazley and Resilience.

Craig R. Smiddy, President and CEO of Old Republic, said, "We are excited to have both CJ and Kevin join Old Republic and expand our underwriting expertise and interest in new lines of insurance that align with our specialty strategy and focus on underwriting excellence. We look forward to combining CJ and Kevin's leadership and industry knowledge with Old Republic's brand, resources and financial strength."

Old Republic Cyber is the seventh specialty company Old Republic has launched in the last nine years, further diversifying and strengthening the Old Republic General Insurance Group.

#versicherung

Source: https://www.reinsurancene.ws/

Stable cash flow share 💪😁

And in January there's already the next special dividend of 2$ I'm looking forward to it 🥰

$ORI (-3.2%) Old Republic announces special dividend

Old Republic International Corporation (NYSE: ORI) announced that its Board of Directors has declared a special dividend of $2.00 per share. This special dividend will be paid on January 15, 2025 to shareholders of record on January 3, 2025 and will distribute approximately $500 million to shareholders.

In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board of Directors on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares from time to time at its discretion through open market purchases, privately negotiated transactions or otherwise.

In making its decision to pay a special dividend, the Board of Directors evaluated factors such as the current and foreseeable liquidity and capital needs of the parent holding company and its subsidiaries, the insurance companies.

Craig R. Smiddy, President and CEO, commented, "Old Republic continues to perform well and generate excess capital that can be returned to shareholders. Today's announcement of a special dividend of $2.00 complements our ongoing share repurchase programs, which have returned over $1.7 billion to shareholders and reduced the number of shares outstanding by over 20% over the past two and a half years. These actions reflect the strength of our balance sheet and our continued confidence in the growth and earnings potential of our diversified portfolio of specialty insurance companies."

Since December 31, 2019, Old Republic has returned over $4 billion to shareholders through share repurchases and regular and special cash dividends. The current annual cash dividend rate of $1.06 per share represents an 8.2% increase over 2023. This is the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments.

Source: https://ir.oldrepublic.com

Old Republic International $ORI (-3.2%)

I almost fell off my chair when I saw the dividend forecast for January 2025. I was sure that only yesterday my forecast showed a completely different number.

But the surprise is not because of a worse forecast, but because of something positive and to be more precise; an announced special dividend of $ORI (-3.2%) 🤑

Below is a translated text from PR NewsWire, Chicago:

Old Republic International Corporation (NYSE: ORI) - announced today that its Board of Directors will pay a special dividend of $2.00 per share. This special dividend will be paid on January 15, 2025 to shareholders of record on January 3, 2025. In total, ORI will pay shareholders approximately $500 million. (PRNewswire, Chicago, Dec 13, 2024).

This indicates a good start to 2025.

$ORI (-3.2%)

Old Republic International increases its profit in Q3, but misses expectations

Old Republic International announced third quarter earnings that were up from the same period last year, but below Wall Street estimates.

The company's profit amounted to 338.9 million dollars or 1.32 dollars per share. In the third quarter of the previous year, the figure was 52.6 million dollars or 0.19 dollars per share.

Excluding special items, Old Republic International reported adjusted earnings of $182.7 million, or $0.71 per share, for the period.

Analysts had on average expected earnings of 0.73 dollars per share, according to figures from Thomson Reuters. The analysts' estimates generally do not include any special items.

The company's sales rose by 10.1% in the quarter from 1.947 billion US dollars in the previous year to 2.144 billion US dollars.

Old Republic International's earnings at a glance (GAAP):

• Net income (Q3): $338.9 million compared to $52.6 million in the prior year.
• EPS (Q3): USD 1.32 compared to USD 0.19 in the previous year.
• Sales (Q3): USD 2.144 billion compared to USD 1.947 billion in the previous year.

$ORI (-3.2%) - Old Republic International

The company has announced the implementation of a non-qualified deferral plan for select executives and highly compensated employees effective January 1, 2025. This strategic move, recently announced in a filing with the SEC, is designed to align with Section 409A of the Internal Revenue Code and provide key personnel with a structured option to defer compensation.

The plan allows participants to defer a portion of their compensation while keeping their contributions fully vested at all times. Old Republic International may also elect, at its discretion, to make contributions to participants' accounts, which contributions are subject to adjustments based on hypothetical investment returns or losses. These accounts are designed to function as unfunded and unsecured promises to pay and to position participants as unsecured general creditors on these obligations.

Under the terms of the plan, no participant or beneficiary may post expected payments as collateral, so these indemnities are solely promises to make future payments. The Company has clarified that all funds set aside for this plan remain general, unpledged and unrestricted assets of Old Republic International.

The introduction of this deferred compensation plan is part of Old Republic International's broader effort to manage and align the compensation of its senior executives with tax regulations. It is a common practice for large companies to provide additional financial planning tools to their executive teams and other highly compensated employees.

In other recent news, Old Republic International Corporation reported an increase in its second quarter pre-tax operating income to $254 million from $227 million a year ago.

The General Insurance segment reported a 10% increase in pre-tax operating income, while the Title Insurance segment reported a significant 32% increase. These developments underscore Old Republic's continued investment in technology and new underwriting subsidiaries.

The company expects continued growth and profitability in both insurance segments for the remainder of the year. Old Republic has also returned significant amounts of capital to its shareholders and expects this trend to continue.

While three out of four subsidiaries in the General Insurance sector are not yet profitable due to high costs relative to premium production, the company is making strategic efforts to grow its fee-based business and increase efficiency through investments in technology.

Analysts emphasize the company's conservative approach to claims forecasting and its goal to keep the combined ratio between 90 and 92.5 percent for both insurance segments.

In addition, Old Republic plans to reduce the expense ratio of the title insurance segment by increasing its size and sales. These recent developments indicate that the company is managing its segments effectively and is well positioned for future growth.

Source: https://www.investing.com/