CluenexOld Republic International ORI
Old Republic International scores average on business quality (5.8 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Old Republic International does
Old Republic International provides specialized insurance products, generating revenue primarily through underwriting property, casualty, and title insurance policies for businesses and individuals.
- What it does best
Old Republic excels at generating high returns on equity, delivering a 18.7% ROE that outpaces peers like CNA at 11.0%. This efficiency stems from specialized underwriting expertise in niche commercial markets that are difficult for generalist insurers to replicate.
- The main risk
The primary threat stems from exposure to commercial real estate and title insurance cyclicality, which can pressure volumes when transaction activity slows. With net debt standing at $1.3B, prolonged downturns in property markets directly constrain top-line expansion.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 13.9% and net margin at 12.0%, showing solid core underwriting profitability. While margins reflect disciplined risk selection, the company does not show dramatic margin expansion as revenue scales.
A specialized industry position locks in commercial clients and agents through long-standing distribution relationships. Its ROE ranks in the top quartile of the sector at 64th percentile, reflecting underwriting advantages that peers struggle to match quickly.
Revenue grew 11.0% to reach $9.5B, showing acceleration compared to historical periods. This top-line expansion places the company in the top quartile of its sector for revenue growth.
Debt-to-equity sits at 0.3 with interest coverage at 16.7x, meaning debt costs are easily managed. Operating cash flow reached $1.3B, reflecting stable liquidity, though capital returns through $912M in dividends remain a heavy cash drain.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
3 sold $1.5M outside pre-planned sales.
Our sealed record on ORI
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Old Republic International scores average on the Cluenex quality check (5.8 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: 3 sold $1.5M outside pre-planned sales.
Oct 22, 2026.
See ORI today
- Today's verdict on ORI, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Old Republic International (ORI)”, https://cluenex.com/stocks/ori/, data as of Oct 10, 2026.