Compared to Estimates, Old Republic (ORI) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Old Republic International (ORI) reported revenue of $1.95 billion, down 7.2% over the same period last year. EPS came in at $0.72, compared to $0.68 in the year-ago quarter.
The reported revenue represents a surprise of +3.16% over the Zacks Consensus Estimate of $1.89 billion. With the consensus EPS estimate being $0.63, the EPS surprise was +14.29%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Republic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
General Insurance Segment - Loss Ratio: 60.4% versus 62% estimated by two analysts on average.
Title Insurance Segment - Combined Ratio: 96.7% compared to the 97.4% average estimate based on two analysts.
Title Insurance Segment - Expense Ratio: 94% versus 94.5% estimated by two analysts on average.
Operating Revenue- General insurance Segment- Net premiums earned: $1.07 billion versus $1.02 billion estimated by two analysts on average.
Operating Revenue- General insurance Segment- Net investment income: $117.90 million versus the two-analyst average estimate of $109.75 million.
Operating Revenue- General insurance Segment- Other income: $40.60 million versus the two-analyst average estimate of $41.20 million.
Operating Revenue- Title Insurance Segment: $698.80 million compared to the $764.85 million average estimate based on two analysts. The reported number represents a change of -28.7% year over year.
Operating Revenue- Title Insurance Segment- Net investment income: $14.10 million versus the two-analyst average estimate of $14.60 million.
Operating Revenue- General Insurance Segment: $1.23 billion compared to the $1.17 billion average estimate based on two analysts. The reported number represents a change of +12.1% year over year.
Operating Revenue- Title Insurance Segment- Net premiums earned: $684.40 million versus $774.65 million estimated by two analysts on average.
View all Key Company Metrics for Old Republic here>>>
Shares of Old Republic have returned -1.5% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Old Republic International Corporation (ORI) : Free Stock Analysis Report
