Company Quick10K Filing
Old Republic
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-07
10-Q 2019-03-31 Filed 2019-05-08
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-09
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-09
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-04
10-Q 2016-06-30 Filed 2016-08-05
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-10-30
10-Q 2015-06-30 Filed 2015-07-31
10-Q 2015-03-31 Filed 2015-05-01
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-10-31
10-Q 2014-06-30 Filed 2014-08-01
10-Q 2014-03-31 Filed 2014-05-07
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-01
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-02
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-08
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-02
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-02-28
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-04-23 Earnings, Exhibits
8-K 2020-04-15 Amend Bylaw, Other Events, Exhibits
8-K 2020-03-30 Other Events, Exhibits
8-K 2020-03-12 Other Events, Exhibits
8-K 2020-02-26 Officers, Exhibits
8-K 2020-02-26 Amend Bylaw, Exhibits
8-K 2020-01-23 Earnings, Exhibits
8-K 2019-12-11 Officers, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-10-01 Amend Bylaw, Exhibits
8-K 2019-08-21 Other Events, Exhibits
8-K 2019-08-21 Other Events, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-05-24 Shareholder Vote
8-K 2019-05-09 Officers, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-01-30 Officers, Exhibits
8-K 2019-01-24 Earnings, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-08-23 Officers, Shareholder Vote, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-05-25 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-03-15 Other Events, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2017-12-31 Officers

Old Republic Financials

ORI Metrics, Comps, Filings

Quarterly | Annual

Business

(a) General Description of Business. Old Republic International Corporation is a Chicago based holding company engaged in the single business of insurance underwriting and related services. It conducts its operations principally through a number of regulated insurance company subsidiaries organized into three major segments, namely, it's General Insurance Group (property and liability insurance), Title Insurance Group, and the Republic Financial Indemnity Group ("RFIG") (mortgage guaranty ("MI") and consumer credit indemnity ("CCI")) Run-off Business. References herein to such groups apply to the Company's subsidiaries engaged in these respective segments of business. The results of a small life and accident insurance business are included within the corporate and other caption of this report. "Old Republic" or "the Company" refers to Old Republic International Corporation and its subsidiaries as the context requires.

The insurance business is distinguished from most others in that the prices (premiums) charged for various insurance products are set without certainty of the ultimate benefit and claim costs that will emerge, often many years after issuance and expiration of a policy. This basic fact casts Old Republic as a risk-taking enterprise managed for the long run. Management therefore conducts the business with a primary focus on achieving favorable underwriting results over cycles, and on the maintenance of financial soundness in support of the insurance subsidiaries' long-term obligations to policyholders and their beneficiaries. To achieve these objectives, adherence to insurance risk management principles is stressed, and asset diversification and quality are emphasized. The underwriting principles encompass:

-Disciplined risk selection, evaluation, and pricing to reduce uncertainty and adverse selection;


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Hartford Financial Services Group (HGH) 10,757 0% 6.5 2% 70,256 54,178 20,012 0 1,733 2,274 14,813
Alleghany (Y) 9,860 0% 25.1 1% 26,491 17,481 7,967 0 142 424 10,658
American Financial Group (AFG) 9,747 0% 9.7 1% 69,067 62,746 7,797 0 657 878 8,497
Renaissancere Holdings (RNR) 8,388 0% 18.3 2% 25,644 16,914 3,036 0 435 490 8,977
Old Republic (ORI) 7,037 0% 8.0 3% 21,182 15,388 6,565 0 674 870 6,927
Axis Capital Holdings (AXS) 5,663 0% 11.2 1% 25,496 19,910 3,836 0 324 398 4,454
Hanover Insurance Group (THG) 5,388 0% 10.0 3% 12,627 9,540 4,736 0 439 526 5,231
Kemper (KMPR) 5,246 0% 10.5 3% 12,820 8,926 4,850 0 413 563 5,930
Radian Group (RDN) 5,054 93% 6.0 10% 6,671 2,748 1,139 1,058 651 831 5,002
Essent Group (ESNT) 4,861 0% 8.0 14% 3,722 867 639 0 537 627 5,037
MGIC Investment (MTG) 4,777 0% 6.3 11% 6,147 1,987 902 0 654 861 5,438
Assured Guaranty (AGO) 4,602 0% 10.8 3% 13,367 6,715 667 0 353 517 5,607
Selective Insurance Group (SIGI) 4,427 0% 16.0 3% 8,719 6,582 2,761 0 251 317 5,074
RLI (RLI) 4,254 0% 29.2 3% 3,505 2,505 739 0 118 149 4,339
Enstar (ESGR) 4,161 0% 5.6 3% 18,213 13,128 2,228 0 629 714 4,031
White Mountains Insurance Group (WTM) 3,433 0% 9.4 9% 3,836 765 724 0 331 374 3,514
Mercury General (MCY) 3,060 100% 9.6 4% 5,873 4,071 2,985 2,977 207 285 2,744
National General Holdings (NGHC) 2,655 0% 6.6 3% 10,074 7,542 4,997 0 267 470 3,122
Aspen Insurance Holdings (AHL) 2,528 0% -16.3 -1% 12,978 10,261 2,454 0 -147 -121 1,977
Kinsale Capital Group (KNSL) 2,244 0% 36.6 5% 1,036 646 280 0 50 59 2,158

Balance Sheet ($MM)2010-12-312011-03-312011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash1271181099311710912610112311315615313014622013715012816016013716914514617719513912610310811510093100110
Accounts Receivable
Inventory
PP&E
Assets15,88316,30415,99916,05016,16515,87516,18816,22716,41116,29916,52616,53416,81117,18416,98716,98817,20117,27717,32817,11017,43317,99118,81118,59218,90519,35719,74719,40418,99919,45419,80219,32720,29720,98821,182
Accounts Payable
Long-Term Debt
Liabilities11,76112,25412,17112,27812,39212,16312,49712,63112,73712,71512,81012,75912,94513,23113,06413,06413,18713,34013,47413,23013,29113,61314,36414,12014,30914,69515,01714,67013,95014,35114,49114,18114,63115,09415,388
Stockholders' Equity4,1213,8283,7723,7733,7123,6903,5963,6733,5843,7163,7753,8663,9533,9233,9244,0143,9373,8543,8814,1434,3784,4464,4724,5974,6624,7304,7335,0495,1035,3115,1465,6665,8945,794
Income Statement ($MM)2010-12-312011-03-312011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue1,1301,1141,3081,1581,2241,3051,2831,2701,4621,3801,3321,4311,3341,3911,3751,3301,4101,5461,4801,4141,4421,4961,5491,4451,4991,5931,7261,3301,6311,7801,2811,8691,6451,771
Cost of Revenue
Gross Profit
R&D
SG&A
Tax1-66140-30281025850102893628505059515948535952103138554601064050
Net Income-11655083-15-20561941039519466866310310212691123101111132113102463004198275-106412166203
Cash Flow ($MM)2010-12-312011-03-312011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-5233498119221014313518122813537-54218919111326312212638238235146113263-69131156310136177353
Cash Investing-447-423292-130-189-72-101-92-192-10823268-227-127-89-150-84-12940-760-187-72-46-27296179-60-248-81-11416
Cash Financing490-45-48-382-46-44-50-44-45-38-50-44347-45-50-46-81-37-20-46498-47-42-49-47-40-332-92-54-63-56-360