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Old Republic (ORI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Old Republic International (ORI - Free Report) reported $2.01 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 10%. EPS of $0.76 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +4.87% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +24.59%.
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: 64.3% versus the two-analyst average estimate of 64%.
General Insurance Segment - Expense Ratio: 28.1% compared to the 28.8% average estimate based on two analysts.
Title Insurance Segment - Combined Ratio: 95.4% versus 100.4% estimated by two analysts on average.
Title Insurance Segment - Loss Ratio: 2.3% compared to the 2.6% average estimate based on two analysts.
Title Insurance Segment - Expense Ratio: 93.1% versus 97.8% estimated by two analysts on average.
Operating Revenue- General insurance Segment- Net premiums earned: $1.13 billion versus $1.09 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
Operating Revenue- General insurance Segment- Net investment income: $132.90 million versus the two-analyst average estimate of $131.71 million. The reported number represents a year-over-year change of +19.3%.
Operating Revenue- General insurance Segment- Other income: $47 million compared to the $41.35 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.
Operating Revenue- Title Insurance Segment: $679.20 million compared to the $633.02 million average estimate based on two analysts. The reported number represents a change of +2.3% year over year.
Operating Revenue- Title Insurance Segment- Net investment income: $15.50 million compared to the $15.93 million average estimate based on two analysts. The reported number represents a change of +9.9% year over year.
Operating Revenue- General Insurance Segment: $1.31 billion versus the two-analyst average estimate of $1.27 billion. The reported number represents a year-over-year change of +14.4%.
Operating Revenue- Title Insurance Segment- Net premiums earned: $663.40 million versus the two-analyst average estimate of $617.04 million. The reported number represents a year-over-year change of +2.1%.
Shares of Old Republic have returned +4.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Old Republic (ORI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Old Republic International (ORI - Free Report) reported $2.01 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 10%. EPS of $0.76 for the same period compares to $0.62 a year ago.
The reported revenue represents a surprise of +4.87% over the Zacks Consensus Estimate of $1.92 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +24.59%.
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: 64.3% versus the two-analyst average estimate of 64%.
- General Insurance Segment - Expense Ratio: 28.1% compared to the 28.8% average estimate based on two analysts.
- Title Insurance Segment - Combined Ratio: 95.4% versus 100.4% estimated by two analysts on average.
- Title Insurance Segment - Loss Ratio: 2.3% compared to the 2.6% average estimate based on two analysts.
- Title Insurance Segment - Expense Ratio: 93.1% versus 97.8% estimated by two analysts on average.
- Operating Revenue- General insurance Segment- Net premiums earned: $1.13 billion versus $1.09 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change.
- Operating Revenue- General insurance Segment- Net investment income: $132.90 million versus the two-analyst average estimate of $131.71 million. The reported number represents a year-over-year change of +19.3%.
- Operating Revenue- General insurance Segment- Other income: $47 million compared to the $41.35 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.
- Operating Revenue- Title Insurance Segment: $679.20 million compared to the $633.02 million average estimate based on two analysts. The reported number represents a change of +2.3% year over year.
- Operating Revenue- Title Insurance Segment- Net investment income: $15.50 million compared to the $15.93 million average estimate based on two analysts. The reported number represents a change of +9.9% year over year.
- Operating Revenue- General Insurance Segment: $1.31 billion versus the two-analyst average estimate of $1.27 billion. The reported number represents a year-over-year change of +14.4%.
- Operating Revenue- Title Insurance Segment- Net premiums earned: $663.40 million versus the two-analyst average estimate of $617.04 million. The reported number represents a year-over-year change of +2.1%.
View all Key Company Metrics for Old Republic here>>>Shares of Old Republic have returned +4.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.