Old Republic International (ORI) financial statements
Old Republic International reported revenue of $9.1B in fiscal 2025, up 5.0% a year over 9 years.
Net income was $935M and the operating margin 13.0%, against 11.6% in 2016.
The diluted share count fell 15% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Old Republic International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9B | $6.3B | $6.3B | $7.5B | $7.2B | $9.3B | $8.1B | $7.3B | $8.2B | $9.1B |
| Selling, general and admin | — | — | — | — | — | — | $1.6B | $1.6B | $1.7B | $1.8B |
| Operating income | $686M | $725M | $438M | $1.3B | $688M | $1.9B | $857M | $748M | $1.1B | $1.2B |
| Interest expense | $51M | $64M | $47M | $43M | $42M | $56M | $67M | $67M | $80M | $70M |
| Pre-tax income | $686M | $725M | $438M | $1.3B | $688M | $1.9B | $857M | $747M | $1.1B | $1.2B |
| Income tax | $219M | $165M | $68M | $266M | $130M | $388M | $171M | $149M | $217M | $242M |
| Net income | $467M | $560M | $370M | $1.1B | $559M | $1.5B | $686M | $599M | $853M | $935M |
| EPS (diluted) | $1.62 | $1.92 | $1.24 | $3.51 | $1.87 | $5.05 | $2.26 | $2.10 | $3.24 | $3.72 |
| Diluted shares | 296M | 299M | 301M | 301M | 299M | 304M | 303M | 285M | 263M | 251M |
| Operating margin | 11.6% | 11.6% | 7.0% | 17.7% | 9.6% | 20.6% | 10.6% | 10.3% | 13.0% | 13.0% |
| Net margin | 7.9% | 8.9% | 5.9% | 14.2% | 7.8% | 16.4% | 8.5% | 8.2% | 10.4% | 10.2% |
Balance sheet
Fiscal years, from Old Republic International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $146M | $126M | $100M | $79M | $119M | $158M | $81M | $203M | $202M | $263M |
| Goodwill | $161M | $161M | $174M | $175M | $175M | $174M | $178M | $178M | $180M | $173M |
| Total assets | $18.6B | $19.4B | $19.3B | $21.1B | $22.8B | $25.0B | $25.2B | $26.5B | $27.8B | $29.9B |
| Total liabilities | $14.1B | $14.7B | $14.2B | $15.1B | $16.6B | $18.1B | $19.0B | $20.1B | $22.2B | $23.9B |
| Shareholders' equity | $4.5B | $4.7B | $5.1B | $6.0B | $6.2B | $6.9B | $6.2B | $6.4B | $5.6B | $5.9B |
| Net debt | -$146M | -$126M | -$100M | -$79M | -$119M | -$158M | -$81M | -$203M | -$202M | -$263M |
Cash flow
Fiscal years, from Old Republic International's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $637M | $453M | $760M | $936M | $1.2B | $1.3B | $1.2B | $880M | $1.2B | $1.2B |
| Stock-based compensation | $3M | $4M | $4M | $4M | $2M | $3M | $9M | $20M | $33M | $47M |
| Dividends paid | $194M | $199M | $499M | $539M | $250M | $1.0B | $580M | $276M | $272M | $783M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$281M | -$535M | -$942M | -$124M |
| Dividends per share | $0.65 | $0.66 | $1.66 | $1.79 | $0.84 | $3.36 | $1.91 | $0.97 | $1.03 | $3.11 |
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What was Old Republic International's revenue in 2025?
$9.1B in fiscal 2025, from its 10-K filing.
From Old Republic International's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.