Old Republic has assets of approximately $13 billion and shareholders' equity of nearly $4.6 billion or $19.81 per share. Its current stock market valuation is approximately $3.3 billion or $14.22 per share.
That information is easily and readily available for every company traded on any major market. That said, I agree that ORI will trade over book within the next 18 months without a material write down. That cant be said for many other companies whos tangible assets are over stated.