OLD REPUBLIC REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2026
Old Republic reported Q3 2026 net income of $243.2 million, down from $279.5 million a year ago, with net operating income of $181.4 million ($0.73 per diluted share vs. $0.78). Underlying growth remained solid: net premiums and fees earned rose 8.8% to nearly $2.3 billion, and the ECM Insurance Group acquisition added a $124.9 million bargain purchase gain. The consolidated combined ratio deteriorated modestly to 96.1% from 95.3%, and Specialty underwriting income fell 18.8%.
Key figures
- Eps
- 0.73
- Revenue Yoy
- 8.0%
- Net income q3
- 243200000
- Combined ratio q3
- 96.1%
- Book value per share
- 24.65
- Share repurchases q3
- 113800000
- Bargain purchase gain
- 124900000
- Net operating income q3
- 181400000
- Annualized operating roe
- 12.1%
- Net income prior year q3
- 279500000
- Net investment income q3
- 185400000
- Total capital returned q3
- 190200000
- Combined ratio prior year q3
- 95.3%
- Net operating eps prior year
- 0.78
- Net operating income prior year q3
- 196700000
AI analysis
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