Old Republic International Corporation (NYSE: ORI), our parent Company, today reported the following results for the fourth quarter and full year 2024:
- Fourth quarter net income per diluted share of $0.42, compared to $0.69 last year.
- Fourth quarter net operating income (net income excluding investment gains or losses) per diluted share of $0.90, compared to $0.69 last year.
- Consolidated pretax operating income of $285.0 for the quarter and $999.8 for the full year.
- Consolidated net premiums and fees earned increased 11.4% in the quarter and 9.0% for the full year.
- Net investment income increased 9.8% in the quarter and 16.4% for the full year.
- Fourth quarter consolidated combined ratio of 92.7%, compared to 93.3% last year; full year consolidated combined ratio of 93.9%, compared to 92.6% last year.
- Favorable loss reserve development of 2.9 points in the quarter, compared to 4.7 points last year.
- Total capital returned to shareholders of $733 during the quarter and $1,708 during the full year.
- Book value per share of $22.84, which inclusive of dividends declared (including a special cash dividend of $2.00 per share), was up 11.1% since year-end 2023.
For more details, review the complete 1/23/25 news release from ORI.
NOTE: to see financial highlights for the Old Republic Title Insurance Group, scroll down in the news release to the section called “Title Insurance Segment Operating Results.”