ORI OLD REPUBLIC INTERNATIONAL CORP

Overview and Growth

Fiscal 2025 results for OLD REPUBLIC INTERNATIONAL CORP combined $9.14B of revenue with net income of $935.40M and an operating cash inflow of $1.16B. Revenue of $9.14B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $8.23B in fiscal 2024, revenue recorded a 11.0% year-over-year increase. The company reported diluted EPS of $3.72, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $3.24 in fiscal 2024, the current result was 14.8% higher. A diluted share base of 251.31M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Diluted shares moved 4.4% from 262.88M in fiscal 2024, leaving the current share base lower year over year. Total assets stood at $29.86B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.31x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Net income came to $935.40M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 10.2% margin after operating costs and the remaining recognized items. The company recognized $242.10M of income tax for the period, completing the transition from pretax income to net income. The relationship between net income and period-end equity was 15.8%, indicating the profitability achieved on book capital. Net income represented 3.1% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Against $852.70M in fiscal 2024, the current $935.40M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

The company held $29.86B of assets against $23.93B of liabilities and $5.93B of equity, revealing how the asset base was financed. Cash and equivalents totaled $263.20M, identifying the most liquid reported component available within the broader current-asset balance. Equity equaled 19.9% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 80.1% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 0.9%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $27.84B in fiscal 2024, the current asset base moved 7.3% and finished higher. Book equity was 5.5% higher than fiscal 2024 equity of $5.62B, showing how shareholder capital changed year over year. The reported cash balance changed 30.4% from $201.90M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.16B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.24x, comparing cash generated by operations with the bottom-line earnings result. The operating cash outcome moved from $1.23B in fiscal 2024 to $1.16B, ending below the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.