ORI financial statements

The full income statement, balance sheet, and cash-flow statement for Old Republic International Corporation (ORI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 258.5M2024-09 253.6M2024-12 248.2M2025-03 247.2M2025-06 248.5M2025-09 247.4M2025-12 245.7M2026-03 242.8M2026-06 241.4M-6.6% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	9.14B YoY+11.0%	8.23B YoY+13.4%	7.26B YoY-10.2%	8.08B YoY-13.5%	9.34B YoY+30.4%
Selling, general & administrative	1.85B YoY+10.2%	1.68B YoY+5.6%	1.59B YoY+0.4%	1.58B	—
General & administrative	1.85B YoY+10.2%	1.68B YoY+5.6%	1.59B YoY+0.4%	1.58B	—
Interest expense	70.5M YoY-11.7%	79.8M YoY+18.8%	67.2M YoY-0.1%	67.3M YoY+20.4%	55.9M YoY+31.5%
Gain (loss) on equity securities	-22.3M YoY-18.0%	-18.9M YoY+84.7%	-124M YoY+53.0%	-263M YoY-135.1%	751M
Pre-tax income	1.18B YoY+10.7%	1.07B YoY+43.1%	747M YoY-12.8%	857M YoY-55.4%	1.92B YoY+179.2%
Income tax	242M YoY+11.6%	217M YoY+45.9%	149M YoY-13.0%	171M YoY-55.9%	388M YoY+198.9%
Net income	935M YoY+9.7%	853M YoY+42.4%	599M YoY-12.8%	686M YoY-55.3%	1.53B YoY+174.7%
	$3.72 YoY+14.8%	$3.24 YoY+54.3%	$2.10 YoY-7.1%	$2.26 YoY-55.2%	$5.05 YoY+170.1%
EPS (basic)	$3.82 YoY+15.8%	$3.30 YoY+55.7%	$2.12 YoY-7.0%	$2.28 YoY-55.1%	$5.08 YoY+171.7%
	245M YoY-5.0%	258M YoY-8.7%	283M YoY-6.3%	302M YoY-0.1%	302M YoY+1.2%
	251M YoY-4.4%	263M YoY-7.9%	285M YoY-5.9%	303M YoY-0.1%	304M YoY+1.6%
Dividends per share	$3.66 YoY+19.6%	$3.06 YoY+212.2%	$0.98 YoY-49.0%	$1.92 YoY-19.3%	$2.38 YoY+29.3%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	263M YoY+30.4%	202M YoY-0.4%	203M YoY+150.4%	81.0M YoY-48.8%	158M YoY+33.2%
	29.9B YoY+7.3%	27.8B YoY+5.1%	26.5B YoY+5.3%	25.2B YoY+0.7%	25.0B YoY+9.5%
Goodwill	173M YoY-3.6%	180M YoY+0.7%	178M YoY+0.1%	178M YoY+2.1%	175M YoY-0.3%
Deferred tax assets	—	—	—	0.00	0.00
	23.9B YoY+7.7%	22.2B YoY+10.6%	20.1B YoY+5.8%	19.0B YoY+5.0%	18.1B YoY+8.8%
Operating lease liability (total)	193M YoY-5.6%	204M YoY-7.4%	220M YoY-0.9%	222M YoY-6.1%	237M YoY-4.5%
Deferred tax liabilities	219M YoY+69.9%	129M YoY+22.3%	106M YoY+147.3%	42.7M YoY-82.9%	250M YoY+81.7%
	5.91B YoY+5.3%	5.62B YoY-12.4%	6.41B YoY+3.8%	6.17B YoY-10.4%	6.89B YoY+11.4%
Common stock	246M YoY-1.0%	249M YoY-10.6%	278M YoY-6.3%	297M YoY-3.4%	308M YoY+1.1%
Additional paid-in capital	23.3M	0.00 YoY-100.0%	679M YoY-40.6%	1.14B YoY-17.0%	1.38B YoY+5.3%
Retained earnings	5.52B YoY-0.1%	5.52B YoY-2.2%	5.64B YoY+6.1%	5.32B YoY+2.1%	5.21B YoY+18.6%
Treasury stock	0.00	0.00	—	—	—
Accumulated other comprehensive income	163M YoY+259.3%	-102M YoY+22.7%	-132M YoY+74.4%	-518M YoY-763.8%	78.0M YoY-72.5%
Non-controlling interest	14.4M	0.00	—	—	—
Total equity incl. non-controlling	5.93B YoY+5.5%	5.62B	—	—	—
Total liabilities & equity	29.9B YoY+7.3%	27.8B YoY+5.1%	26.5B YoY+5.3%	25.2B YoY+0.7%	25.0B YoY+9.5%
	246M YoY-1.0%	249M YoY-10.6%	278M YoY-6.2%	297M YoY-3.5%	308M YoY+1.1%
	246M YoY-1.0%	248M YoY-10.8%	278M YoY-6.4%	297M YoY-3.4%	308M YoY+1.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.16B YoY-5.6%	1.23B YoY+40.1%	880M YoY-24.8%	1.17B YoY-10.8%	1.31B YoY+10.7%
Depreciation & amortization	35.4M YoY-9.9%	39.3M YoY+19.1%	33.0M YoY+16.6%	28.3M YoY+4.0%	27.2M YoY+1.1%
Deferred income taxes	16.8M YoY+43.6%	11.7M YoY+131.3%	-37.4M YoY+32.1%	-55.1M YoY-133.2%	166M YoY+712.2%
	-177M YoY-4443.6%	-3.90M YoY-115.4%	25.3M YoY+106.1%	-415M YoY+55.7%	-937M YoY-10.8%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Sales/maturities of investments	1.56B YoY-3.5%	1.62B YoY+19.6%	1.35B YoY-0.2%	1.36B YoY-3.9%	1.41B YoY+10.2%
Other investing activities	-2.30M YoY-291.7%	1.20M YoY+500.0%	-300K YoY-102.4%	12.3M	0.00 YoY-100.0%
	-926M YoY+24.5%	-1.23B YoY-56.7%	-783M YoY+5.9%	-833M YoY-148.0%	-336M YoY-11.9%
Long-term debt issued	0.00 YoY-100.0%	396M	0.00	0.00 YoY-100.0%	643M
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	3.80M YoY+90.0%	2.00M YoY-93.6%	31.1M YoY+16.9%	26.6M YoY-55.7%	60.0M YoY+795.5%
Common stock repurchased	124M YoY-86.9%	942M YoY+76.0%	535M YoY+90.4%	281M	0.00
Dividends paid	783M YoY+187.8%	272M YoY-1.3%	276M YoY-52.5%	580M YoY-43.1%	1.02B YoY+307.5%
Other financing activities	-23.1M YoY-115.9%	-10.7M YoY-694.4%	1.80M YoY+20.0%	1.50M YoY-40.0%	2.50M YoY+25.0%
Net change in cash	61.3M YoY+2454.2%	2.40M YoY-98.0%	123M YoY+258.9%	-77.1M YoY-295.7%	39.4M YoY-1.0%
Interest paid	69.3M YoY-10.3%	77.3M YoY+17.1%	66.0M YoY+0.3%	65.8M YoY+23.2%	53.4M YoY+29.0%
Income taxes paid	211M YoY+3.3%	204M YoY+0.0%	204M YoY-10.1%	227M YoY-4.2%	237M YoY+58.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	11.2B YoY+24.9%	8.98B YoY+9.0%	8.24B YoY+12.2%	7.35B YoY-2.8%	7.56B YoY+26.1%
P/E	12.0× YoY+13.8%	10.5× YoY+17.6%	9.0× YoY-2.3%	9.2× YoY+86.1%	4.9× YoY-54.1%
P/S	1.2× YoY+12.5%	1.1× YoY+1.4%	1.1× YoY+23.8%	0.9× YoY+7.3%	0.8× YoY-3.3%
P/B	1.9× YoY+18.6%	1.6× YoY+14.7%	1.4× YoY+7.7%	1.3× YoY+18.0%	1.1× YoY+13.2%
	8.3% YoY-12.1%	9.5% YoY-14.9%	11.2% YoY+2.3%	10.9% YoY-46.3%	20.3% YoY+117.8%
	8.0% YoY-5.2%	8.5% YoY+153.7%	3.3% YoY-58.1%	8.0% YoY-17.9%	9.7% YoY+3.7%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ORI's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ORI filings on SEC EDGAR → Not investment advice.