What is Old Republic's earnings per share (EPS)?

Old Republic (ORI) reported diluted earnings per share of $3.72 for fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Old Republic Financials

ORI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Old Republic (ORI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

6/9

Old Republic passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.24x

For every $1 of reported earnings, Old Republic generates $1.24 in operating cash flow ($1.2B OCF vs $935.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.1B

YoY+11.0%

5Y CAGR+5.0%

10Y CAGR+4.7%

Old Republic generated $9.1B in revenue in fiscal year 2025. This represents an increase of 11.0% from the prior year.

EBITDA

N/A

Net Income

$935.4M

YoY+9.7%

5Y CAGR+10.9%

10Y CAGR+8.3%

Old Republic reported $935.4M in net income in fiscal year 2025. This represents an increase of 9.7% from the prior year.

EPS (Diluted)

$3.72

YoY+14.8%

5Y CAGR+14.7%

10Y CAGR+9.7%

Old Republic earned $3.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 14.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$263.2M

YoY+30.4%

5Y CAGR+17.3%

10Y CAGR+5.1%

Old Republic held $263.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$3.66

YoY+19.6%

5Y CAGR+14.7%

10Y CAGR+17.3%

Old Republic paid $3.66 per share in dividends in fiscal year 2025. This represents an increase of 19.6% from the prior year.

Shares Outstanding

246M

YoY-1.0%

5Y CAGR-4.2%

10Y CAGR-0.6%

Old Republic had 246M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.2%

YoY-0.1pp

5Y CAGR+2.4pp

10Y CAGR+2.9pp

Old Republic's net profit margin was 10.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity

15.8%

YoY+0.6pp

5Y CAGR+6.8pp

10Y CAGR+4.9pp

Old Republic's ROE was 15.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$123.8M

YoY-86.9%

Old Republic spent $123.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 86.9% from the prior year.

Capital Expenditures

N/A

ORI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9.1B+11.0%	$8.2B+13.4%	$7.3B-10.2%	$8.1B-13.5%	$9.3B+30.4%	$7.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.8B+10.2%	$1.7B+5.6%	$1.6B+0.4%	$1.6B	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$70.5M-11.7%	$79.8M+18.8%	$67.2M-0.1%	$67.3M+20.4%	$55.9M+31.5%	$42.5M
Income Tax	$242.1M+11.6%	$216.9M+45.9%	$148.7M-13.0%	$170.9M-55.9%	$387.7M+198.9%	$129.7M
Net Income	$935.4M+9.7%	$852.7M+42.4%	$598.6M-12.8%	$686.4M-55.3%	$1.5B+174.7%	$558.6M
EPS (Diluted)	$3.72+14.8%	$3.24+54.3%	$2.10-7.1%	$2.26-55.2%	$5.05+170.1%	$1.87

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.4B-1.4%	$2.4B+9.8%	$2.2B+4.5%	$2.1B+5.6%	$2.0B-14.5%	$2.3B+25.1%	$1.9B-7.2%	$2.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$457.9M-1.0%	$462.6M+4.9%	$441.1M	N/A	$424.3M+2.7%	$413.3M+1.1%	$408.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$72.8M+40.8%	$51.7M-16.1%	$61.6M	N/A	$88.0M+311.2%	$21.4M-73.9%	$81.9M
Net Income	$206.3M-26.2%	$279.5M+36.7%	$204.4M-16.6%	$245.0M+133.1%	$105.1M-69.0%	$338.9M+269.2%	$91.8M-71.0%	$316.7M
EPS (Diluted)	$0.82-26.1%	$1.11+37.0%	$0.81-17.3%	$0.98+133.3%	$0.42-68.2%	$1.32+277.1%	$0.35-69.6%	$1.15

ORI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$29.9B+7.3%	$27.8B+5.1%	$26.5B+5.3%	$25.2B+0.7%	$25.0B+9.5%	$22.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$263.2M+30.4%	$201.9M-0.4%	$202.8M+150.4%	$81.0M-48.8%	$158.1M+33.2%	$118.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$173.2M-3.6%	$179.6M+0.7%	$178.3M+0.1%	$178.1M+2.1%	$174.5M-0.3%	$175.1M
Total Liabilities	$23.9B+7.7%	$22.2B+10.6%	$20.1B+5.8%	$19.0B+5.0%	$18.1B+8.8%	$16.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.9B+5.3%	$5.6B-12.4%	$6.4B+3.8%	$6.2B-10.4%	$6.9B+11.4%	$6.2B
Retained Earnings	$5.5B-0.1%	$5.5B-2.2%	$5.6B+6.1%	$5.3B+2.1%	$5.2B+18.6%	$4.4B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$29.9B-1.3%	$30.3B+3.4%	$29.3B+4.4%	$28.0B+0.7%	$27.8B-3.5%	$28.8B+4.8%	$27.5B+1.7%	$27.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$263.2M+8.5%	$242.5M+36.2%	$178.1M-32.5%	$263.7M+30.6%	$201.9M-61.6%	$525.2M+210.4%	$169.2M+23.6%	$136.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$173.2M	N/A	N/A	N/A	$179.6M	N/A	N/A	N/A
Total Liabilities	$23.9B+0.5%	$23.8B+3.3%	$23.1B+4.4%	$22.1B-0.6%	$22.2B-0.8%	$22.4B+4.2%	$21.5B+4.0%	$20.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.9B-7.9%	$6.4B+3.8%	$6.2B+4.5%	$5.9B+5.3%	$5.6B-12.8%	$6.4B+6.9%	$6.0B-5.8%	$6.4B
Retained Earnings	$5.5B-8.7%	$6.0B+3.1%	$5.9B+2.3%	$5.7B+3.7%	$5.5B-10.0%	$6.1B+3.8%	$5.9B+0.4%	$5.9B

ORI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.2B-5.6%	$1.2B+40.1%	$880.4M-24.8%	$1.2B-10.8%	$1.3B+10.7%	$1.2B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$177.2M-4443.6%	-$3.9M-115.4%	$25.3M+106.1%	-$415.0M+55.7%	-$936.5M-10.8%	-$845.2M
Financing Cash Flow	-$925.7M+24.5%	-$1.2B-56.7%	-$783.2M+5.9%	-$832.7M-148.0%	-$335.7M-11.9%	-$300.0M
Dividends Paid	$782.6M+187.8%	$271.9M-1.3%	$275.5M-52.5%	$579.7M-43.1%	$1.0B+307.5%	$250.1M
Share Buybacks	$123.8M-86.9%	$942.2M+76.0%	$535.3M+90.4%	$281.2M	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$234.9M-58.3%	$563.9M+321.4%	$133.8M-42.3%	$231.7M-35.9%	$361.7M-23.8%	$474.8M+100.8%	$236.5M+47.4%	$160.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$83.7M+78.0%	-$381.1M-170.7%	-$140.8M-132.9%	$428.4M+1039.5%	-$45.6M-139.8%	$114.5M-59.5%	$282.4M+179.5%	-$355.2M
Financing Cash Flow	-$130.5M-10.3%	-$118.3M-50.7%	-$78.5M+86.9%	-$598.4M+6.4%	-$639.2M-173.9%	-$233.4M+51.6%	-$482.7M-475.9%	$128.4M
Dividends Paid	$70.8M-0.1%	$70.9M-2.9%	$73.0M-87.1%	$567.9M+775.0%	$64.9M-2.3%	$66.4M-3.9%	$69.1M-3.4%	$71.5M
Share Buybacks	$55.2M+27.5%	$43.3M	$0-100.0%	$25.3M-85.5%	$174.4M+5.8%	$164.9M-59.6%	$408.5M+110.1%	$194.4M

ORI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.2%-0.1pp	10.4%+2.1pp	8.3%-0.2pp	8.5%-7.9pp	16.4%+8.6pp	7.8%
Return on Equity	15.8%+0.6pp	15.2%+5.8pp	9.3%-1.8pp	11.1%-11.1pp	22.3%+13.2pp	9.0%
Return on Assets	3.1%+0.1pp	3.1%+0.8pp	2.3%-0.5pp	2.7%-3.4pp	6.1%+3.7pp	2.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.05+0.1	3.96+0.8	3.13+0.1	3.08+0.5	2.62-0.1	2.69
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.6%-2.9pp	11.5%+2.3pp	9.3%-2.3pp	11.6%+6.3pp	5.3%-9.2pp	14.5%+9.6pp	4.9%-10.8pp	15.7%
Return on Equity	3.5%-0.9pp	4.3%+1.0pp	3.3%-0.8pp	4.1%+2.3pp	1.9%-3.4pp	5.3%+3.7pp	1.5%-3.4pp	5.0%
Return on Assets	0.7%-0.2pp	0.9%+0.2pp	0.7%-0.2pp	0.9%+0.5pp	0.4%-0.8pp	1.2%+0.8pp	0.3%-0.8pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.05+0.3	3.71-0.0	3.730.0	3.73-0.2	3.96+0.5	3.48-0.1	3.57+0.3	3.23
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Old Republic's annual revenue?

Old Republic (ORI) reported $9.1B in total revenue for fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Old Republic's revenue growing?

Old Republic (ORI) revenue grew by 11% year-over-year, from $8.2B to $9.1B in fiscal year 2025.

Is Old Republic profitable?

Yes, Old Republic (ORI) reported a net income of $935.4M in fiscal year 2025, with a net profit margin of 10.2%.

What is Old Republic's net profit margin?

Old Republic (ORI) had a net profit margin of 10.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Old Republic pay dividends?

Yes, Old Republic (ORI) paid $3.66 per share in dividends during fiscal year 2025.

What is Old Republic's return on equity (ROE)?

Old Republic (ORI) has a return on equity of 15.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Old Republic's operating cash flow?

Old Republic (ORI) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Old Republic's total assets?

Old Republic (ORI) had $29.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Old Republic buy back shares?

Yes, Old Republic (ORI) spent $123.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Old Republic have outstanding?

Old Republic (ORI) had 246M shares outstanding as of fiscal year 2025.

What is Old Republic's debt-to-equity ratio?

Old Republic (ORI) had a debt-to-equity ratio of 4.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Old Republic's return on assets (ROA)?

Old Republic (ORI) had a return on assets of 3.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Old Republic's Piotroski F-Score?

Old Republic (ORI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Old Republic's earnings high quality?

Old Republic (ORI) has an earnings quality ratio of 1.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.