Old Republic International (ORI)
Underwrites specialty commercial risks and protects property buyers and lenders through title insurance.
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Underwrites specialty commercial risks and title insurance through a decentralized federation of operating companies. Premiums and related fees come from commercial coverage, property-title protection, and claims services, while results depend on disciplined loss reserving and real-estate transaction volumes.
Underwrites commercial risks through Specialty Insurance and protects buyers and lenders against covered property-title defects through Title Insurance. Commercial auto is the largest specialty line, alongside workers’ compensation, liability, aviation, surety, warranties, cyber, and other niche coverages.
Operates through separate specialist insurers, a national U.S. title network, branches, and a large independent-agent channel. Delegates underwriting authority to each operating company, while the holding company provides common capital, controls, and a shared identity.
Earns premiums and related fees from underwriting, title searches, and claims or risk services. Performance depends on disciplined underwriting and loss reserving across long-tail commercial lines, while title activity moves with residential and commercial real-estate transactions. The former mortgage-guaranty business was placed into run-off and sold, leaving Specialty Insurance and Title Insurance as the reportable segments.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 24, 2026 | Piper Sandler | Reiterate | Rating: —Target: $40 | Target: $39 |
| Apr 27, 2026 | Raymond James | Target | Target: $42 | Target: $44 |
| Apr 24, 2026 | Piper Sandler | Reiterate | Rating: —Target: $38 | Target: $40 |
| Jan 22, 2026 | Piper Sandler | Downgrade | Target: $51 | Target: $38 |
| Dec 8, 2025 | Piper Sandler | Reiterate | Rating: —Target: $46 | Target: $51 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.65B · Total debt $2.28B · Total assets $31.59B · Shareholders' equity $6.07B
- Revenue
- $2.50B
- Operating income
- $436.9M
- Net income
- $322.5M
HistoryDividendAnnual yield
| Institutions | 80.16% | 193.54M shares | |
|---|---|---|---|
| 666 holders · as of Jun 30, 2026 | |||
| Insiders | 0.29% | 699.0K shares | |
| 20 holders · as of Sep 3, 2026 | |||
| Other | 19.55% | 47.19M shares | |
| remainder | |||
241.43M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.90% | 26.31M | as of Jun 30, 2026 |
Old Republic International Corporation Employees Savings and Stock Ownership Plan.Institution | 5.79% | 13.98M | filed Feb 10, 2017 |
Bank of New York Mellon CorpInstitution | 4.98% | 12.02M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.80% | 11.60M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.17% | 10.06M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Carolyn Monroe | officer: SVP - Title Insurance | −4,386 | $42.01 |
| Aug 11, 2026 | Carolyn Monroe | officer: SVP - Title Insurance | −1,788 | $42.26 |
| Jul 29, 2026 | Jeffrey Lange | officer: SVPUnderwriting & Distribution | −14,075 | $43.76 |
| Jul 28, 2026 | Stephen J. Oberst | officer: Executive Vice President | −13,125 | $43.96 |
| May 12, 2026 | Carolyn Monroe | officer: SVP - Title Insurance | −13,330 | $38.76 |
- W. R. Berkley
Broad overlap in specialty commercial P&C and transportation
- Fidelity National Financial
Largest national rival across residential and commercial title
- Travelers
Large-scale overlap across core commercial P&C lines
- Chubb
Global commercial and specialty insurer with wide product overlap
- American Financial Group
Niche specialty P&C overlap led by transportation and casualty
- First American Financial
Second-largest U.S. title group with nationwide channel overlap
- C.N.A. Financial
Commercial and specialty P&C overlap for businesses and professionals
- Stewart Information Services
Smaller national title rival in direct and agency channels
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Old Republic International | $38.63 | −1.52% | $9.55B | 8.6 | 12.1 | 1.0 | +13.4% |
| W. R. Berkley | $68.37 | −0.61% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| Fidelity National Financial | $42.46 | 0.00% | $11.43B | 14.7 | 7.9 | 0.7 | +11.4% |
| Travelers | $362.06 | −2.44% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| Chubb | $336.51 | −0.22% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| American Financial Group | $140.65 | −0.42% | $11.74B | 12.3 | 11.2 | 1.4 | −0.5% |
| First American Financial | $69.20 | −0.08% | $7.07B | 9.6 | 9.9 | 1.7 | +15.0% |
| C.N.A. Financial | $47.48 | −0.66% | $12.93B | 10.5 | 10.2 | 0.9 | +3.0% |
| Stewart Information Services | $63.11 | +0.38% | $1.91B | 13.8 | 10.0 | 0.6 | +24.0% |
| Median | 12.1 | 10.7 | 1.4 | +2.1% |