NYSE$ORI
Old Republic International Corp · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong growth in profitability in the General Insurance and Title Insurance businesses.
Old Republic International Corporation reported strong growth in profitability in the General Insurance and Title Insurance businesses for the second quarter of 2021. The consolidated combined ratio was 90.6%, and net premiums and fees earned increased by 29.1%.
- Consolidated pretax income, excluding investment gains or losses, showed strong growth in profitability in the General Insurance and Title Insurance businesses.
- Solid underwriting results produced a consolidated combined ratio of 90.6% for the second quarter of 2021.
- Consolidated net premiums and fees earned increased 29.1% for the quarter.
- Favorable investment valuation trends, along with higher retained earnings, contributed to an increased book value per share of $22.59 as of June 30, 2021.
Headline financials
Revenue & EPS history
Old Republic · Revenue · Quarterly
$2.13B
Revenue by segment
Old Republic · $1.98B total across 2 segments · Q2 2021
- Title Insurance$1.11B+70.5%56.1%
- Specialty Insurance$867M+6.0%43.9%
Forward guidance
As the economy continues to emerge from the pandemic, premium and fee revenues in General Insurance could continue growing, especially compared to the 2020 periods where exposure levels were lower due to the effects of the pandemic on economic activity and employment levels. Title Insurance premium and fee revenues could remain strong as low interest rates and a favorable real estate market continue.
Tailwinds
- Premium and fee revenues in General Insurance could continue growing.
- Growth compared to 2020 periods where exposure levels were lower due to the effects of the pandemic on economic activity and employment levels.
- Title Insurance premium and fee revenues could remain strong.
- Low interest rates.
- Favorable real estate market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.4%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.5%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+9.2%
Q3 2018
Best reaction
-10.1%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.2% | -4.5% | -6.4% | |
| Q4 2025 | -9.3% | -10.3% | -4.4% | |
| Q3 2025 | -3.0% | -6.3% | +9.1% | |
| Q2 2025 | -2.5% | -0.8% | +9.0% | |
| Q1 2025 | +1.2% | -0.6% | -1.4% | |
| Q4 2024 | +1.3% | +2.6% | +2.1% | |
| Q3 2024 | -3.9% | -1.8% | +7.9% | |
| Q1 2024 | -0.6% | -1.5% | +4.0% | |
| Q4 2023 | -7.9% | -7.0% | -5.4% | |
| Q3 2023 | +0.4% | +2.0% | +7.9% | |
| Q2 2023 | +1.5% | +1.8% | +0.3% | |
| Q1 2023 | +2.6% | +3.5% | +0.6% | |
| Q4 2022 | +5.1% | +6.8% | +6.8% | |
| Q3 2022 | +2.2% | +1.5% | +6.5% | |
| Q2 2022 | +2.0% | +0.1% | +5.3% | |
| Q1 2022 | -7.8% | -5.6% | -0.8% | |
| Q4 2021 | +2.7% | +4.6% | +6.2% | |
| Q3 2021 | +7.8% | +8.3% | +4.9% | |
| Q2 2021 | -0.2% | +0.4% | +7.7% | |
| Q1 2021 | +1.1% | +2.7% | +10.0% | |
| Q4 2020 | +0.7% | +5.1% | +7.5% | |
| Q3 2020 | +6.4% | +0.3% | +14.4% | |
| Q2 2020 | -4.9% | -6.3% | -7.8% | |
| Q1 2020 | -0.9% | +5.6% | -2.1% | |
| Q4 2019 | +1.9% | +0.6% | +1.2% | |
| Q3 2019 | -5.3% | -6.1% | -6.7% | |
| Q2 2019 | -2.1% | -1.8% | -2.7% | |
| Q1 2019 | +4.2% | +5.5% | +6.4% | |
| Q4 2018 | -7.8% | -7.9% | -2.8% | |
| Q3 2018 | +9.2% | +10.8% | +8.2% | |
| Q2 2018 | +2.4% | +4.3% | +9.2% | |
| Q1 2018 | -3.3% | -3.6% | +0.0% | |
| Q4 2017 | +7.4% | +7.8% | -0.7% | |
| Q3 2017 | +0.4% | +4.4% | +7.5% | |
| Q2 2017 | -4.2% | -2.2% | -2.9% | |
| Q1 2017 | +2.3% | -0.3% | -2.4% | |
| Q4 2016 | +5.9% | +6.3% | +6.7% | |
| Q3 2016 | -10.1% | -8.6% | -1.2% | |
| Q2 2016 | -1.6% | -2.1% | -3.5% | |
| Q1 2016 | +1.0% | — | — | |
| Q4 2015 | +1.3% | — | — | |
| Q3 2015 | +8.1% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | -1.2% | — | — | |
| Q2 2014 | -7.6% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -8.2% | — | — | |
| Q3 2013 | +7.7% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -5.9% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2012 | -0.9% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -4.6% | — | — | |
| Q2 2011 | -5.1% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q1 2011 | +4.0% | — | — | |
| Q4 2008 | -2.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.7% | — | — | |
| Q2 2009 | +0.7% | — | — | |
| Q3 2009 | +0.7% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — |
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