NYSE$ORI
Old Republic International Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Old Republic's Q3 2023 earnings were reported, revealing a mix of results across its segments.
Old Republic reported pretax income, excluding investment losses, of $250.8 million for the third quarter of 2023. Title Insurance results declined due to higher mortgage interest rates, while General Insurance pretax operating income rose by 28.6%. The consolidated combined ratio was 91.9% for the quarter.
- Pretax income, excluding investment losses, was $250.8 million.
- General Insurance pretax operating income increased by 28.6%.
- Title Insurance results were affected by higher mortgage interest rates.
- The consolidated combined ratio stood at 91.9%.
Headline financials
Revenue & EPS history
Old Republic · Revenue · Quarterly
$1.95B
Revenue by segment
Old Republic · $1.76B total across 3 segments · Q3 2023
- Specialty Insurance$1.07B+10.6%60.9%
- Title Insurance$684M-29.3%39.0%
- Corporate & Other$2.2M—0.1%
Forward guidance
The insurance business is distinguished from most others in that the prices (premiums) charged for most products are set without knowing what the ultimate loss costs will be.
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 Q3 2023
-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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