Old Republic International Corporation (ORI)

The company now

Old Republic reported third-quarter 2026 net income of $243.2 million on 22 October, down from $279.5 million a year earlier 1. Net operating income, which leaves out investment gains and the one-time gain described below, was $181.4 million against $196.7 million 1.

The quarter's net income includes a one-time gain of $124.9 million on buying ECM Insurance Group, a farmowners insurer, effective 1 July 2026 2. The 10-Q says the gain was primarily attributable to ECM's legal structure and the nature of the subscription rights offering 2.

Premiums grew while the margin on them narrowed 12. Net premiums and fees earned rose 8.8 percent to $2,269.3 million, and the combined ratio (claims, policyholder dividends and expenses divided by premiums) was 96.1 percent against 95.3 percent 12.

Specialty Insurance, the larger segment, earned $58.5 million of underwriting income against $69.2 million a year earlier, while Title Insurance rose to $32.3 million from $27.8 million 1. The company says its expense ratios reflect start-up operating companies not yet at scale, technology and artificial intelligence spending 1.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.