To give me a better overview, I have looked up the publication dates of all the quarterly figures of the companies in which I am invested.

Of course I don't want to withhold this from you:

May 2025

• 05.05.25 -> Realty Income $O (+0,25 %)
• 06.05.25 -> Ferrari $RACE (+1,08 %)
• 06.05.25 -> Progressive $PGR (+0 %)
• 06.05.25 -> Zoetis $ZTS (+3,13 %)
• 07.05.25 -> Novo Nordisk $NOVO B (+3,58 %)
• 08.05.25 -> Main Street Capital $MAIN (+3,31 %)
• 15.05.25 -> Allianz $ALV (-3,04 %)
• 20.05.25 -> Mutares $MUX (-2,44 %)
• 22.05.25 -> NextEra Energy $NEE (+0,79 %)

July 2025

• 10.07.25 -> Progressive $PGR (+0 %)
• 21.07.25 -> Prologis $PLD (+5,38 %)
• 23.07.25 -> Amphenol $APH (+6,7 %)
• 24.07.25 -> Greencoat UK Wind $UKW (-2,17 %)
• 24.07.25 -> NextEra Energy $NEE (+0,79 %)
• 24.07.25 -> Vidrala $VID (+2,63 %)
• 25.07.25 -> Palfinger $PAL (+5,73 %)
• 25.07.25 -> Volkswagen $VOW (+2,9 %)
• 30.07.25 -> HSBC $HSBA (+3,61 %)
• 30.07.25 -> Realty Income $O (+0,25 %)
• 30.07.25 -> Rio Tinto $RIO (+2,19 %)
• 31.07.25 -> Ferrari $RACE (+1,08 %)
• 31.07.25 -> Main Street Capital $MAIN (+3,31 %)
• 31.07.25 -> OMV $OMV (+1,76 %)

August 2025

• 05.08.25 -> Aflac $AFL (+0,35 %)
• 05.08.25 -> DHL Group $DHL (+4,3 %)
• 05.08.25 -> Public Storage $PSA (+1,79 %)
• 06.08.25 -> Novo Nordisk $NOVO B (+3,58 %)
• 07.08.25 -> Allianz $ALV (-3,04 %)
• 12.08.25 -> Mutares $MUX (-2,44 %)
• 12.08.25 -> Zoetis $ZTS (+3,13 %)

October 2025

• 09.10.25 -> Progressive $PGR (+0 %)
• 21.10.25 -> Prologis $PLD (+5,38 %)
• 22.10.25 -> Amphenol $APH (+6,7 %)
• 22.10.25 -> NextEra Energy $NEE (+0,79 %)
• 27.10.25 -> Palfinger $PAL (+5,73 %)
• 28.10.25 -> HSBC $HSBA (+3,61 %)
• 29.10.25 -> OMV $OMV (+1,76 %)
• 29.10.25 -> Vidrala $VID (+2,63 %)
• 30.10.25 -> Main Street Capital $MAIN (+3,31 %)
• 30.10.25 -> Volkswagen $VOW (+2,9 %)
• 30.10.25 -> Zoetis $ZTS (+3,13 %)

November 2025

• 03.11.25 -> Public Storage $PSA (+1,79 %)
• 04.11.25 -> Aflac $AFL (+0,35 %)
• 04.11.25 -> Ferrari $RACE (+1,08 %)
• 05.11.25 -> Novo Nordisk $NOVO B (+3,58 %)
• 06.11.25 -> DHL Group $DHL (+4,3 %)
• 10.11.25 -> Realty Income $O (+0,25 %)
• 13.11.25 -> Mutares $MUX (-2,44 %)
• 14.11.25 -> Allianz $ALV (-3,04 %)

January 2026

• 23.01.26 -> NextEra Energy $NEE (+0,79 %)
• 27.01.26 -> Prologis $PLD (+5,38 %)
• 28.01.26 -> Progressive $PGR (+0 %)
• 28.01.26 -> Amphenol $APH (+6,7 %)
• 29.01.26 -> Ferrari $RACE (+1,08 %)
• 29.01.26 -> OMV $OMV (+1,76 %)

February 2026

• 04.02.26 -> Aflac $AFL (+0,35 %)
• 04.02.26 -> Novo Nordisk $NOVO B (+3,58 %)
• 13.02.26 -> Allianz $ALV (-3,04 %)
• 17.02.26 -> Zoetis $ZTS (+3,13 %)
• 19.02.26 -> Main Street Capital $MAIN (+3,31 %)
• 24.02.26 -> HSBC $HSBA (+3,61 %)
• 24.02.26 -> Palfinger $PAL (+5,73 %)
• 24.02.26 -> Public Storage $PSA (+1,79 %)
• 24.02.26 -> Realty Income $O (+0,25 %)
• 26.02.26 -> Greencoat UK Wind $UKW (-2,17 %)
• 26.02.26 -> Vidrala $VID (+2,63 %)

March 2026

• 04.03.26 -> Rio Tinto $RIO (+2,19 %)
• 05.03.26 -> DHL Group $DHL (+4,3 %)
• 17.03.26 -> Volkswagen $VOW (+2,9 %)

April 2026

• 15.04.26 -> Mutares $MUX (-2,44 %)

Ps: Does anyone have the dates of the quarterly figures for $SHEL (+1,62 %) ? Unfortunately I can't find them online.

After making my first small investments of a few hundred euros in the stock market in February '25, I added a larger amount in the course of April. It also took some time to develop an investment strategy; where do I want to invest? What risk do I want to take? Accumulating or distributing? ETFs and/or individual shares? If so, which ones and why? Are there specific countries and/or sectors I would like to focus on?

Only at the end of last week were all the answers to these questions clear: a long-term investment horizon of just over 35 years with relatively low risk. A healthy ETF/share mix of 60/40. Distributing portfolio with high-yield and high-growth positions and with a relative focus on the USA and Europe.

I have a good feeling that I am happy with my strategy in the long term and finally no longer have to constantly turn the entire portfolio inside out.

My ETFs and individual stocks are $HMWO (+3,67 %)
$TDIV (+1,78 %)
$DGSD (+1,29 %)
$MAIN (+3,31 %)
$NOVO B (+3,58 %)
$PGR (+0 %)
$PSA (+1,79 %)
$UKW (-2,17 %)
$APH (+6,7 %)
$DHL (+4,3 %)
$HSBA (+3,61 %)
$MUX (-2,44 %)
$NEE (+0,79 %)
$ZTS (+3,13 %)
$AFL (+0,35 %)
$O (+0,25 %)
$SHEL (+1,62 %)
$VID (+2,63 %)
$RACE (+1,08 %)
$PLD (+5,38 %)
$OMV (+1,76 %)
$PAL (+5,73 %)
$RIO (+4,05 %) and last but not least $VOW (+2,9 %)

#dividende
#dividends
#etfs
#growth
#personalstrategy
#portfoliofeedback

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

My $ORI (+1,51 %) I started building up my position in September 2021, until then I had only $ALV (-3,04 %) and $AFL (+0,35 %) in the portfolio. In the meantime $TRV (+0,73 %) and recently also $AMP (+6,3 %)
$BRO (+0,65 %) 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 (-2,45 %)
$HNR1 (-0,57 %)
$PGR (+0 %)
$ALL (+1,36 %)
$AJG (-0,66 %)
$TLX (-0,86 %)
$8766 (+3,74 %) 😁

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

Once added

Let's see what it will be...

Old Republic International Corporation- The stock for Opis?

Company presentation: Old Republic International Corporation

Old Republic International Corporation is a leading US insurance company specializing in comprehensive insurance and property solutions. The company emphasizes integrity, quality, service excellence and financial strength. With a history of over 90 years, Old Republic International has earned a first-class reputation for outstanding customer service and fair business practices.

Historical Development

Founded over 90 years ago, Old Republic $ORI (+1,51 %) Republic International has developed into one of the leading players in the insurance industry through steady growth and the establishment of long-term partnerships. These years of experience and solid background have made the company a trusted name in the insurance sector.

Business model

Old Republic International's business model is based on providing responsible and sustainable insurance and real estate solutions. The company aims to create equal value for its shareholders, employees and customers while generating stable returns. Old Republic International takes a customer-oriented approach and places particular emphasis on long-term relationships and financial stability.

Core competencies

Old Republic International is characterized by the following core competencies:

• Integrity and Quality: The company is known for its high standards of integrity and quality in all areas of its business.
• Excellent customer service: Old Republic International has earned a reputation for outstanding customer service, resulting in long-lasting customer relationships.
• Financial Strength: The company's solid financial stability is one of its greatest strengths, enabling it to reliably meet its obligations to customers and shareholders.

Future prospects and strategic initiatives

Old Republic International strives to continue to meet high expectations of financial stability and trust. To further strengthen its position in the insurance industry, the company plans to capitalize on new growth opportunities. Strategic initiatives could include entering new markets, introducing innovative products and services and increasing operational efficiency. These measures should help to achieve the strategic goals and strengthen the company's market position in the long term.

Insider shareholdings

- Arnold Levy Steiner: 0.25%

- Craig Richard Smiddy: 0.07%

- Rande Keith Yeager: 0.06%

- Stephen Joseph Oberst: 0.06%

- Spencer LeRoy: 0.04%

- Stephen Robert Walker: 0.03%

- William Todd Gray: 0.03%

- Thomas Andrew Dare: 0.02%

- Francis Joseph Sodaro: 0.02%

- Jeffrey Patrick Lange: 0.02%

- Carolyn Jean Monroe: 0.01%

- Steven James Bateman: 0.01%

- John Maynard Dixon: 0.01%

- Fredricka Taubitz: 0.01%

- Glenn W. Reed: 0.01%

- Charles James Kovaleski: 0.01%

- Lisa Jeffries Caldwell: 0%

- Michael Denard Kennedy: 0%

- Peter Boyd McNitt: 0%

- Barbara Ann Adachi: 0%

This means that the insiders of Old Republic International Corporation only hold a total of around 0.66% of the shares in the company. But this is hardly surprising for an older company. However, this means that nobody has "skin in the game".

Margins top of the notch

Compared to other insurance companies, Old Republic International Corporation (ORI) has an exceptional gross margin. At 62.95%, this is more than twice as high as the next best competitor and illustrates how efficiently the company is managed and how profitable its customer relationships are.

Sales development

Old Republic International Corporation's sales are currently stagnating at around USD 7 billion and are not showing any significant growth. Growth rates are even slightly negative. However, this is not necessarily an alarming sign if the company is simultaneously working more efficiently and retaining high-quality customers. As is usual with insurance companies, the net result also shows a certain stagnation. However, it should be borne in mind that the company would be extremely profitable in years with few claims.

Sales distribution and EBT influence

A look at the distribution of turnover shows that the majority of revenue comes from insurance income, which can be seen as positive. This means that Old Republic International (ORI) is less dependent on interest income or investment gains. A closer look at the sources of income makes it clear that investments are not ORI's core strength.

However, it is important to note that ORI's core business - insurance - is directly profitable. The largest share of EBT (earnings before taxes) also comes from the general insurance segment, which also accounts for the largest share of sales. This shows a solid business structure in which the core business generates profits independently and is not dependent on volatile investment profits.

FCF

Old Republic International's free cash flow (FCF) is positive, which is typical for an insurance company and indicates solid operating activities. However, the cash flow from financing activities is negative every year. This indicates that the company regularly returns capital to shareholders, be it through dividend payments, share buybacks or the repayment of debt.

A closer look shows that the negative cash flow from financing activities is mainly due to share buybacks and dividend payments. This is not necessarily negative, as such measures are aimed at returning value directly to shareholders. This aspect can therefore be considered largely unproblematic.

This strategy indicates that ORI pursues a conservative financial policy and strives to continuously provide value to its shareholders, even if the company uses external sources of financing.

Part 2:https://getqu.in/i9RpER/

$PGR (+0 %)
$ALV (-3,04 %)
$CB (+1,54 %)
$CS (-2,97 %)
$ALL (+1,36 %)

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+3,88 %) ) and Tilray Brands ($TLRY (+7,89 %) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (+7,61 %) ) and Applied Digital ($APLD (+0,84 %) ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. Williams, President of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+1,59 %) ), Fastenal ($FAST (+3,4 %) ) and CarMax ($KMX (+5,99 %) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (+4,41 %) ), Wells Fargo ($WFC (+4,74 %) ), BlackRock ($BLK ), Citigroup ($C (+6,64 %) ), State Street ($STT (+3,82 %) ) and Progressive ($PGR (+0 %) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (+2,77 %) )🇸🇪, Beiersdorf AG ($BEI (+0,95 %) )🇩🇪, Sika ($SIKA (+3,32 %) )🇨🇭, Rio Tinto PLC ($RIO (+4,05 %) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (+5,2 %) )🇬🇧, Petershill Partners ($PHLL (+3,91 %) )🇬🇧, Just Eat Takeaway ($TKWY (-0,41 %) )🇬🇧, Entain ($ENT (+3,77 %) )🇬🇧, La Francaise ($FDJ (+0,4 %) )🇫🇷, Legal & General ($LGEN (-0,02 %) ), Tryg ($TRYG (-0,41 %) )🇩🇰, BHP Group Ltd ($BHP (+3,76 %) )🇬🇧, ASML Holding ($ASML (+6,71 %) )🇳🇱Volvo B ($VOLV B (+4,85 %) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (-3,1 %) )🇫🇷, Nokia Oyj ($NOKIA (+3,37 %) )🇫🇮, Tele2 AB ($TEL2 B (-1,47 %) )🇸🇪