Last $14.66 USD
Change Today +0.07 / 0.48%
Volume 487.1K
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As of 6:40 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

old republic intl corp (ORI) Key Developments

Old Republic International Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2014

The Board of Directors of Old Republic International Corporation declared a quarterly cash dividend on the common stock of 18.25 cents per share. This dividend is payable December 15, 2014, to shareholders of record on December 5, 2014.

Old Republic International Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Old Republic International Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenue of $1,369.4 million compared to $1,374.6 million a year ago. Pretax operating income was $99.8 million compared to $144.9 million a year ago. Net income was $85.8 million or $0.25 per diluted share compared to $102.9 million or $0.35 per diluted share a year ago. Net premiums earned were $713.7 million compared to $652.5 million a year ago. For the nine months period, the company reported total operating revenue of $3,892.7 million compared to $3,964.4 million a year ago. Pretax operating income was $255.2 million compared to $384.0 million a year ago. Net income was $346.4 million or $1.21 per diluted share compared to $353.1 million or $1.24 per diluted share a year ago. Book value per share as at September 30, 2014 was $15.16 compared to $14.44 a year ago. Net premiums earned were $2,056.8 million compared to $1,882.0 million a year ago. Cash flow from consolidated operating activities resulted in a deficit of $370.0 for this year's first nine months compared with positive cash flow of $459.0 for the same period in 2013.

Old Republic International Corporation, Q3 2014 Earnings Call, Oct 23, 2014

Old Republic International Corporation, Q3 2014 Earnings Call, Oct 23, 2014

Old Republic International Corp. Issues $400 Million Aggregate Principal Amount of Senior Notes Due 2024

Old Republic International Corp. announced the issuance of $400 million aggregate principal amount of senior notes due 2024. The notes will mature October 1, 2024, and will have an interest rate of 4.875%. They were priced at 99.498 to yield 4.94% to maturity. Interest will be paid semiannually on April 1 and Oct. 1 of each year beginning April 1, 2015. Proceeds are expected to be used for general corporate purposes, including the making of additional capital contributions to Old Republic's insurance company subsidiaries as may be necessary.

Old Republic International Seeks Acquisitions

Old Republic International Corporation (NYSE:ORI) has filed a shelf registration. Old Republic International will use the net proceeds for general corporate purposes, including, without limitation, the repayment or the refinancing of indebtedness, repurchases of our outstanding securities, capital expenditures, future acquisitions and working capital.

 

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Valuation ORI Industry Range
Price/Earnings 9.8x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 8.6x
TEV/Sales 0.3x
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