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Old Republic International Corporation Message Board

  • skyscrewer skyscrewer Jul 25, 2014 7:22 AM Flag

    Is Q2 .13 or .24?

    The earnings statement says .24 but some headlines reported .13

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    • Earnings were 13c if you want to be consistent with previous quarterly reporting. However, the company earned 24c if you add the net realized investment gains. And, if you consider the 8c loss in the run-off business as non GAAP, since it comes out of previously accrued funds, the total earnings is 32c. That is why the net tangible BV increased by 32c and why I only consider this as the true earnings for the Q2. I do understand the logic of reporting 13c, since that is the earnings of the ongoing insurance business, more easily comparable to previous quarters.

      Sentiment: Strong Buy

    • Old Republic International Corporation Reports Q2 EPS of $0.24 vs $0.27 Est
      9:02a ET July 24, 2014 (Benzinga) Print

      Old Republic International Corporation (NYSE: ORI) reports Q2 EPS of $0.24 versus the estimated $0.27, missing by $0.03. EPS were Down 35% from the same quarter last year.

18.31-0.05(-0.27%)10:25 AMEDT