Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/74260/000007426016000082/ori201510-k.htm
SEC Filings
ORI Annual Reports
ORI Quarterly Reports
10-Q Quarterly Report May 2024
10-Q Quarterly Report November 2023
10-Q Quarterly Report August 2023
10-Q Quarterly Report May 2023
10-Q Quarterly Report November 2022
10-Q Quarterly Report August 2022
10-Q Quarterly Report May 2022
10-Q Quarterly Report November 2021
10-Q Quarterly Report July 2021
10-Q Quarterly Report April 2021
10-Q Quarterly Report May 2024
10-Q Quarterly Report November 2023
10-Q Quarterly Report August 2023
10-Q Quarterly Report May 2023
10-Q Quarterly Report November 2022
10-Q Quarterly Report August 2022
10-Q Quarterly Report May 2022
10-Q Quarterly Report November 2021
10-Q Quarterly Report July 2021
10-Q Quarterly Report April 2021
ORI Corporate News
Earnings Release
Financial Exhibit April 2024
Financial Exhibit
New Agreement
New Financial Obligation March 2024
Event for Officers
Financial Exhibit March 2024
Event for Officers
Financial Exhibit March 2024
Financial Exhibit
Regulated Disclosure March 2024
Earnings Release
Financial Exhibit January 2024
Bylaw Change
Financial Exhibit January 2024
Financial Exhibit
Regulated Disclosure November 2023
Earnings Release
Financial Exhibit October 2023
Financial Exhibit
Regulated Disclosure August 2023
Earnings Release
Financial Exhibit
Financial Exhibit
April 2024
Financial Exhibit
New Agreement
New Financial Obligation
New Agreement
New Financial Obligation
March 2024
Event for Officers
Financial Exhibit
Financial Exhibit
March 2024
Event for Officers
Financial Exhibit
Financial Exhibit
March 2024
Financial Exhibit
Regulated Disclosure
Regulated Disclosure
March 2024
Earnings Release
Financial Exhibit
Financial Exhibit
January 2024
Bylaw Change
Financial Exhibit
Financial Exhibit
January 2024
Financial Exhibit
Regulated Disclosure
Regulated Disclosure
November 2023
Earnings Release
Financial Exhibit
Financial Exhibit
October 2023
Financial Exhibit
Regulated Disclosure
Regulated Disclosure
August 2023
Last10K.com | 10-K Annual Report Mon Feb 29 2016
|
NEWS RELEASE
|
|
 |
|
|
Further Information Contacts:
|
|
|
AT OLD REPUBLIC:
|
AT FINANCIAL RELATIONS BOARD:
|
|
A. C. Zucaro: Chairman & CEO
|
Analysts/Investors: Marilynn Meek
|
|
(312) 346-8100
|
(212) 827-3773
|
|
OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2015
|
|
CHICAGO – January 28, 2016 – Old Republic International Corporation (NYSE; ORI) today reported much higher operating results for the final quarter and all of 2015. Pretax operating income comparisons with 2014 were enhanced by greater General Insurance underwriting and investment income, and by the record-setting fourth quarter and full year performance of Old Republic’s Title Insurance business. 2015 consolidated net income, however, was affected by lower realized gains from sales of investment securities in comparison with the substantial gains registered in 2014. The segmented components of consolidated results and related data are summarized in the following table.
|
Financial Highlights (a)
|
|||||||||||||
|
Quarters Ended
December 31,
|
Years Ended
December 31,
|
||||||||||||
|
2015
|
2014
|
2015
|
2014
|
||||||||||
|
Operating revenues:
|
|||||||||||||
|
General insurance
|
$
|
844.7
|
$
|
798.1
|
$
|
3,313.3
|
$
|
3,113.5
|
|||||
|
Title insurance
|
556.9
|
481.8
|
2,080.7
|
1,791.6
|
|||||||||
|
Corporate and other
|
8.6
|
(b)
|
19.0
|
35.8
|
(b)
|
70.0
|
|||||||
|
Subtotal
|
1,410.2
|
1,299.0
|
5,429.8
|
4,975.3
|
|||||||||
|
RFIG run-off business
|
55.6
|
66.4
|
245.0
|
282.9
|
|||||||||
|
Total
|
$
|
1,465.9
|
$
|
1,365.5
|
$
|
5,674.8
|
$
|
5,258.3
|
|||||
|
Pretax operating income (loss):
|
|||||||||||||
|
General insurance
|
$
|
72.2
|
$
|
18.8
|
$
|
336.4
|
$
|
221.3
|
|||||
|
Title insurance
|
48.1
|
40.5
|
166.8
|
99.5
|
|||||||||
|
Corporate and other
|
(0.2)
|
7.7
|
7.6
|
5.7
|
|||||||||
|
Subtotal
|
120.1
|
67.1
|
511.0
|
326.7
|
|||||||||
|
RFIG run-off business
|
6.9
|
14.6
|
29.4
|
10.3
|
|||||||||
|
Total
|
127.1
|
81.8
|
540.4
|
337.1
|
|||||||||
|
Realized investment gains (losses):
|
|||||||||||||
|
From sales
|
14.2
|
9.5
|
91.3
|
272.3
|
|||||||||
|
From impairments
|
-
|
-
|
-
|
-
|
|||||||||
|
Net realized investment gains (losses)
|
14.2
|
9.5
|
91.3
|
272.3
|
|||||||||
|
Consolidated pretax income (loss)
|
141.4
|
91.4
|
631.8
|
609.4
|
|||||||||
|
Income taxes (credits)
|
50.7
|
28.0
|
209.6
|
199.7
|
|||||||||
|
Net income (loss)
|
$
|
90.6
|
$
|
63.3
|
$
|
422.1
|
$
|
409.7
|
|||||
|
Components of diluted earnings per share:
|
|||||||||||||
|
Net operating income (loss):
|
|||||||||||||
|
General insurance
|
$
|
0.15
|
$
|
0.06
|
$
|
0.76
|
$
|
0.52
|
|||||
|
Title insurance
|
0.11
|
0.09
|
0.37
|
0.22
|
|||||||||
|
Corporate and other
|
0.01
|
0.03
|
0.08
|
0.08
|
|||||||||
|
Subtotal
|
0.27
|
0.18
|
1.21
|
0.82
|
|||||||||
|
RFIG run-off business
|
0.02
|
0.03
|
0.07
|
0.02
|
|||||||||
|
Total
|
0.29
|
0.21
|
1.28
|
0.84
|
|||||||||
|
Net realized investment gains (losses)
|
0.03
|
0.02
|
0.20
|
0.60
|
|||||||||
|
Net income (loss)
|
$
|
0.32
|
$
|
0.23
|
$
|
1.48
|
$
|
1.44
|
|||||
|
Cash dividends paid per share
|
$
|
0.1850
|
$
|
0.1825
|
$
|
0.7400
|
$
|
0.7300
|
|||||
|
Ending book value per share
|
$
|
15.02
|
$
|
15.15
|
|||||||||
|
(a) Unaudited; All amounts in this report are stated in millions except per share data and percentages.
(b) Reflects the transfer of accident insurance business from a life and accident subsidiary to a general insurance affiliate resulting in a $1.8 and $26.4 reduction in premiums during the fourth quarter and full year of 2015, respectively.
|
|||||||||||||
The following information was filed by Old Republic International Corp (ORI) on Friday, January 29, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Old Republic International Corp's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Old Republic International Corp.
Assess how Old Republic International Corp's management team is paid from their Annual Proxy
Old Republic International Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Document And Entity Information
Schedule I - Summary Of Investments - Other Than Investments In Related Parties
Schedule I - Summary Of Investments - Other Than Investments In Related Parties (details)
Schedule Ii - Condensed Financial Information Of Registrant
Schedule Ii - Condensed Financial Information Of Registrant Balance Sheets (details)
Schedule Ii - Condensed Financial Information Of Registrant Debt (details)
Schedule Ii - Condensed Financial Information Of Registrant Statements Of Cash Flows (details)
Schedule Ii - Condensed Financial Information Of Registrant Statements Of Income (details)
Schedule Iii - Supplementary Insurance Information
Schedule Iii - Supplementary Insurance Information (details)
Schedule Iv - Reinsurance
Schedule Iv - Reinsurance (details)
Schedule V - Valuation And Qualifying Accounts
Schedule V - Valuation And Qualifying Accounts (details)
Schedule Vi - Supplemental Information Concerning Property-casualty Insurance Operations
Schedule Vi - Supplemental Information Concerning Property-casualty Insurance Operations (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income Statement
Consolidated Statements Of Income
Consolidated Statements Of Preferred Stock And Common Shareholders' Equity
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (tables)
Commitments And Contingent Liabilities Reinsurance And Retention Limits (details)
Commitments And Contingent Liabilities Textuals (details)
Consolidated Quarterly Results - Unaudited
Consolidated Quarterly Results - Unaudited (details)
Consolidated Quarterly Results - Unaudited (tables)
Debt
Debt (details)
Debt (tables)
Debt Debt Financial Liabilities Disclosed, But Not Carried, At Fair Value (details)
Information About Segments Of Business
Information About Segments Of Business (details)
Information About Segments Of Business (tables)
Information About Segments Of Business Reconciliation Of Assets From Segment To Consolidated (details)
Information About Segments Of Business Textuals (details)
Shareholders' Equity
Shareholders' Equity Cash Dividend Restrictions (details)
Shareholders' Equity Common Stock (details)
Shareholders' Equity Preferred Stock (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Accounting Principles (details)
Summary Of Significant Accounting Policies Deferred Policy Acquisition Costs (details)
Summary Of Significant Accounting Policies Earnings Per Share (details)
Summary Of Significant Accounting Policies Employee Benefit Plans (details)
Summary Of Significant Accounting Policies Escrow Funds (details)
Summary Of Significant Accounting Policies Goodwill And Intangible Assets (details)
Summary Of Significant Accounting Policies Income Taxes (details)
Summary Of Significant Accounting Policies Investments (details)
Summary Of Significant Accounting Policies Losses, Claims And Settlement Expenses - Consolidated (details)
Summary Of Significant Accounting Policies Losses, Claims And Settlement Expenses - General (details)
Summary Of Significant Accounting Policies Losses, Claims And Settlement Expenses - Rfig Run-off (details)
Summary Of Significant Accounting Policies Property And Equipment (details)
Summary Of Significant Accounting Policies Regulatory Matters (details)
Summary Of Significant Accounting Policies Revenue Recognition (details)
Summary Of Significant Accounting Policies Stock Based Compensation (details)
Summary Of Significant Accounting Policies Unearned Premiums (details)
Transactions With Affiliates
Transactions With Affiliates (details)
Transactions With Affiliates (tables)
Material Contracts, Statements, Certifications & more
Old Republic International Corp provided additional information to their SEC Filing as exhibits
Ticker: ORI
CIK: 74260
Form Type: 10-K Annual Report
Accession Number: 0000074260-16-000082
Submitted to the SEC: Mon Feb 29 2016 2:30:07 PM EST
Accepted by the SEC: Mon Feb 29 2016
Period: Thursday, December 31, 2015
Industry: Surety Insurance
External Resources:
Stock Quote
Social Media
SEC.gov
Bookmark the Permalink: https://last10k.com/sec-filings/ori/0000074260-16-000082.htm
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Excel DownloadLoading SEC Filing Financial Summary...