Old Republic International Corp (ORI) - Net Assets
Based on the latest financial reports, Old Republic International Corp (ORI) has net assets worth $5.93 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.65 Billion) and total liabilities ($15.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Old Republic International Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.93 Billion |
| % of Total Assets | 27.37% |
| Annual Growth Rate | 2.57% |
| 5-Year Change | -74.39% |
| 10-Year Change | 32.57% |
| Growth Volatility | 49.14 |
Old Republic International Corp - Net Assets Trend (1985–2025)
This chart illustrates how Old Republic International Corp's net assets have evolved over time, based on quarterly financial data. See Old Republic International Corp (ORI) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Old Republic International Corp (1985–2025)
The table below shows the annual net assets of Old Republic International Corp from 1985 to 2025. For live valuation and market cap data, see market value of Old Republic International Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.93 Billion | +5.50% |
| 2024-12-31 | $5.62 Billion | -12.35% |
| 2023-12-31 | $6.41 Billion | +3.97% |
| 2022-12-31 | $6.17 Billion | -73.36% |
| 2021-12-31 | $23.14 Billion | +6.60% |
| 2020-12-31 | $21.71 Billion | +8.61% |
| 2019-12-31 | $19.99 Billion | +288.45% |
| 2018-12-31 | $5.15 Billion | +8.72% |
| 2017-12-31 | $4.73 Billion | +5.85% |
| 2016-12-31 | $4.47 Billion | +15.22% |
| 2015-12-31 | $3.88 Billion | -1.10% |
| 2014-12-31 | $3.92 Billion | +3.95% |
| 2013-12-31 | $3.77 Billion | +4.97% |
| 2012-12-31 | $3.60 Billion | -4.67% |
| 2011-12-31 | $3.77 Billion | -8.47% |
| 2010-12-31 | $4.12 Billion | +5.91% |
| 2009-12-31 | $3.89 Billion | +4.04% |
| 2008-12-31 | $3.74 Billion | -17.64% |
| 2007-12-31 | $4.54 Billion | +3.95% |
| 2006-12-31 | $4.37 Billion | +8.58% |
| 2005-12-31 | $4.02 Billion | +4.10% |
| 2004-12-31 | $3.87 Billion | +8.78% |
| 2003-12-31 | $3.55 Billion | +12.61% |
| 2002-12-31 | $3.16 Billion | +13.37% |
| 2001-12-31 | $2.78 Billion | +14.15% |
| 2000-12-31 | $2.44 Billion | +10.93% |
| 1999-12-31 | $2.20 Billion | -4.59% |
| 1998-12-31 | $2.30 Billion | +7.07% |
| 1997-12-31 | $2.15 Billion | +13.27% |
| 1996-12-31 | $1.90 Billion | +17.83% |
| 1995-12-31 | $1.61 Billion | +21.30% |
| 1994-12-31 | $1.33 Billion | -77.14% |
| 1993-12-31 | $5.82 Billion | +50.52% |
| 1992-12-31 | $3.86 Billion | +11.50% |
| 1991-12-31 | $3.47 Billion | +11.52% |
| 1990-12-31 | $3.11 Billion | +6.73% |
| 1989-12-31 | $2.91 Billion | +4.22% |
| 1988-12-31 | $2.79 Billion | +4.87% |
| 1987-12-31 | $2.66 Billion | +4.83% |
| 1986-12-31 | $2.54 Billion | +18.30% |
| 1985-12-31 | $2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Old Republic International Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2123.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.52 Billion | 93.26% |
| Common Stock | $246.30 Million | 4.16% |
| Other Comprehensive Income | $163.10 Million | 2.76% |
| Total Equity | $5.91 Billion | 100.00% |
Old Republic International Corp Competitors by Market Cap
The table below lists competitors of Old Republic International Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
360 Security Technology Inc
SHG:601360
|
$9.44 Billion |
|
Medibank Private Ltd
AU:MPL
|
$9.45 Billion |
|
Tripod Technology Corp
TW:3044
|
$9.46 Billion |
|
UNITED UTILITIES GP ADR/2
F:UUEA
|
$9.46 Billion |
|
Macronix International Co Ltd
TW:2337
|
$9.43 Billion |
|
SKANSKA AB (SPONS.ADR)/1
F:SKN
|
$9.43 Billion |
|
Shenzhen Transsion Holdings Co Ltd
SHG:688036
|
$9.42 Billion |
|
WISETECH GLOBAL USP.ADRS
F:17W0
|
$9.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Old Republic International Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,619,000,000 to 5,913,800,000, a change of 294,800,000 (5.2%).
- Net income of 936,100,000 contributed positively to equity growth.
- Dividend payments of 782,600,000 reduced retained earnings.
- Share repurchases of 123,800,000 reduced equity.
- New share issuances of 3,800,000 increased equity.
- Other comprehensive income increased equity by 265,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $936.10 Million | +15.83% |
| Dividends Paid | $782.60 Million | -13.23% |
| Share Repurchases | $123.80 Million | -2.09% |
| Share Issuances | $3.80 Million | +0.06% |
| Other Comprehensive Income | $265.50 Million | +4.49% |
| Other Changes | $-4.20 Million | -0.07% |
| Total Change | $- | 5.25% |
Book Value vs Market Value Analysis
This analysis compares Old Republic International Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.95x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.04 | $38.73 | x |
| 1986-12-31 | $2.23 | $38.73 | x |
| 1987-12-31 | $2.62 | $38.73 | x |
| 1988-12-31 | $3.10 | $38.73 | x |
| 1989-12-31 | $3.04 | $38.73 | x |
| 1990-12-31 | $3.46 | $38.73 | x |
| 1991-12-31 | $4.22 | $38.73 | x |
| 1992-12-31 | $4.88 | $38.73 | x |
| 1993-12-31 | $4.63 | $38.73 | x |
| 1994-12-31 | $5.11 | $38.73 | x |
| 1995-12-31 | $6.35 | $38.73 | x |
| 1996-12-31 | $7.12 | $38.73 | x |
| 1997-12-31 | $8.14 | $38.73 | x |
| 1998-12-31 | $8.83 | $38.73 | x |
| 1999-12-31 | $9.03 | $38.73 | x |
| 2000-12-31 | $10.82 | $38.73 | x |
| 2001-12-31 | $12.34 | $38.73 | x |
| 2002-12-31 | $13.90 | $38.73 | x |
| 2003-12-31 | $15.51 | $38.73 | x |
| 2004-12-31 | $16.75 | $38.73 | x |
| 2005-12-31 | $17.34 | $38.73 | x |
| 2006-12-31 | $18.75 | $38.73 | x |
| 2007-12-31 | $19.50 | $38.73 | x |
| 2008-12-31 | $16.16 | $38.73 | x |
| 2009-12-31 | $16.51 | $38.73 | x |
| 2010-12-31 | $17.08 | $38.73 | x |
| 2011-12-31 | $14.79 | $38.73 | x |
| 2012-12-31 | $14.03 | $38.73 | x |
| 2013-12-31 | $12.85 | $38.73 | x |
| 2014-12-31 | $13.30 | $38.73 | x |
| 2015-12-31 | $13.11 | $38.73 | x |
| 2016-12-31 | $15.09 | $38.73 | x |
| 2017-12-31 | $15.81 | $38.73 | x |
| 2018-12-31 | $17.10 | $38.73 | x |
| 2019-12-31 | $66.36 | $38.73 | x |
| 2020-12-31 | $72.64 | $38.73 | x |
| 2021-12-31 | $76.21 | $38.73 | x |
| 2022-12-31 | $20.33 | $38.73 | x |
| 2023-12-31 | $22.46 | $38.73 | x |
| 2024-12-31 | $21.35 | $38.73 | x |
| 2025-12-31 | $23.69 | $38.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Old Republic International Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.30%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 5.05x
- Recent ROE (15.83%) is above the historical average (9.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.09% | 5.59% | 0.39x | 5.93x | $11.78 Million |
| 1986 | 11.07% | 4.13% | 0.44x | 6.17x | $4.58 Million |
| 1987 | 18.02% | 8.51% | 0.39x | 5.41x | $41.47 Million |
| 1988 | 8.46% | 4.28% | 0.37x | 5.39x | $-8.60 Million |
| 1989 | 14.21% | 8.36% | 0.38x | 4.49x | $29.29 Million |
| 1990 | 13.25% | 8.41% | 0.37x | 4.22x | $25.68 Million |
| 1991 | 13.61% | 9.53% | 0.37x | 3.86x | $34.75 Million |
| 1992 | 15.00% | 10.81% | 0.39x | 3.55x | $58.23 Million |
| 1993 | 13.93% | 10.08% | 0.28x | 4.85x | $49.41 Million |
| 1994 | 11.36% | 8.99% | 0.27x | 4.71x | $18.07 Million |
| 1995 | 13.19% | 12.54% | 0.26x | 4.09x | $51.45 Million |
| 1996 | 12.12% | 12.77% | 0.27x | 3.50x | $40.30 Million |
| 1997 | 13.85% | 15.19% | 0.28x | 3.22x | $82.89 Million |
| 1998 | 14.05% | 14.91% | 0.31x | 3.05x | $93.28 Million |
| 1999 | 10.32% | 10.79% | 0.30x | 3.16x | $6.96 Million |
| 2000 | 12.20% | 14.37% | 0.28x | 2.99x | $53.63 Million |
| 2001 | 12.46% | 14.62% | 0.30x | 2.85x | $68.53 Million |
| 2002 | 12.45% | 14.25% | 0.32x | 2.76x | $77.32 Million |
| 2003 | 12.94% | 13.99% | 0.34x | 2.73x | $104.44 Million |
| 2004 | 11.25% | 12.46% | 0.33x | 2.73x | $48.44 Million |
| 2005 | 13.70% | 14.49% | 0.33x | 2.87x | $149.00 Million |
| 2006 | 10.64% | 12.25% | 0.30x | 2.89x | $27.88 Million |
| 2007 | 6.00% | 6.66% | 0.31x | 2.93x | $-181.76 Million |
| 2008 | -14.93% | -17.24% | 0.24x | 3.55x | $-932.33 Million |
| 2009 | -2.55% | -2.61% | 0.27x | 3.65x | $-488.24 Million |
| 2010 | 0.73% | 0.73% | 0.26x | 3.85x | $-382.04 Million |
| 2011 | -3.72% | -3.02% | 0.29x | 4.25x | $-517.75 Million |
| 2012 | -1.91% | -1.38% | 0.31x | 4.51x | $-428.22 Million |
| 2013 | 11.86% | 8.23% | 0.33x | 4.38x | $70.30 Million |
| 2014 | 10.44% | 7.41% | 0.33x | 4.33x | $17.30 Million |
| 2015 | 10.88% | 7.32% | 0.34x | 4.41x | $34.02 Million |
| 2016 | 10.44% | 7.91% | 0.32x | 4.16x | $19.74 Million |
| 2017 | 11.84% | 8.95% | 0.32x | 4.10x | $87.17 Million |
| 2018 | 7.20% | 6.15% | 0.31x | 3.76x | $-144.12 Million |
| 2019 | 5.28% | 14.64% | 0.34x | 1.05x | $-942.62 Million |
| 2020 | 2.57% | 7.80% | 0.31x | 1.05x | $-1.61 Billion |
| 2021 | 6.63% | 16.42% | 0.37x | 1.08x | $-780.10 Million |
| 2022 | 11.13% | 8.49% | 0.32x | 4.08x | $69.78 Million |
| 2023 | 9.34% | 8.25% | 0.27x | 4.13x | $-42.47 Million |
| 2024 | 15.18% | 10.36% | 0.30x | 4.96x | $290.80 Million |
| 2025 | 15.83% | 10.30% | 0.30x | 5.05x | $344.72 Million |
Industry Comparison
This section compares Old Republic International Corp's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $6,297,065,900
- Average return on equity (ROE) among peers: 13.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Old Republic International Corp (ORI) | $5.93 Billion | 13.09% | 2.65x | $9.43 Billion |
| American Coastal Insurance Corp (ACIC) | $537.12 Million | 1.89% | 2.84x | $505.96 Million |
| American Financial Group, Inc. (AFG) | $1.74 Billion | 13.35% | 1.33x | $10.91 Billion |
| Aspen Insurance Holdings Ltd (AHL) | $3.42 Billion | 9.42% | 2.23x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $133.97 Million | 28.21% | 5.43x | $342.67 Million |
| Assurant Inc (AIZ) | $4.52 Billion | 3.13% | 5.65x | $10.94 Billion |
| The Allstate Corporation (ALL) | $21.85 Billion | 21.22% | 6.16x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $990.91 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $370.44 Million | 10.32% | 3.47x | $888.60 Million |
| Chubb Ltd (CB) | $16.68 Billion | 15.46% | 3.32x | $124.22 Billion |
| Cincinnati Financial Corporation (CINF) | $13.11 Billion | 22.65% | 1.40x | $24.98 Billion |
About Old Republic International Corp
Old Republic International Corporation, through its subsidiaries, provides insurance underwriting and related services in the United States and Canada. It operates in two segments, Specialty Insurance and Title Insurance. The Specialty Insurance segment provides lines of coverages, such as accident and health, aviation, commercial auto, commercial multi-peril, commercial property, cyber, environm… Read more