Press Release $ORI (+1,27 %) 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
