Old Republic profits surge to $330M as investment gains bolster results

Old Republic International (NYSE:ORI) delivered a strong start to the 2026 fiscal year, characterized by a substantial jump in net income and continued capital strength.

The Chicago-based insurance giant reported consolidated net income of $330 million for the quarter ended March 31, 2026.

When excluding net investment gains, net income stood at $170.5 million, reflecting the core operational performance of its diversified insurance segments.

The company’s top-line metrics remained robust, with consolidated net premiums and fees earned reaching $1.97 billion.

Old Republic also maintained a disciplined underwriting posture during the period, reporting a consolidated combined ratio of 96.6%.

Elsewhere, shareholder equity saw a steady climb throughout the quarter, with book value per share rising to $24.53, representing a 2.6% increase from year-end 2025.

This growth in intrinsic value was achieved alongside an aggressive capital return strategy.

During the first three months of the year, Old Republic returned a total of $237.5 million to its shareholders through a combination of its regular quarterly dividend and opportunistic share repurchases.