OLD REPUBLIC INTERNATIONAL CORP

ORI · Surety Insurance · 242.8M shares · -1%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: $516M (gross $535M, SBC $20M)

Reference price $38.76 · est. market cap ~$9.4B — last insider sale, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B80

Old Republic — specialty/title insurer with top-percentile ROE.

Strengths

ROE 15.8% (100th pct)
Strong revenue and income growth
Disciplined specialty underwriting

Risks

Title segment tied to mortgage/housing cycle
Reserve adequacy
Capital-return dependence on cycle

Notable findings

Insider buyingInsider buying — 3 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Insider sellingInsider selling — 3 open-market sale(s) by 1 insider(s) (~$733,748, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $2.2B2025-09-30 · $2.4B2025-12-31 · $2.4B2026-03-31 · $2.4B

Last 4 quarters · from SEC filings.

Key metrics

Net margin

10.2%

Return on equity

15.8%

Return on assets

3.1%

Revenue growth (QoQ)

0.4%

Net-income growth

9.7%

Tangible book value

$5.7B

Stock comp / revenue

0.5%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-12	MONROE CAROLYN	Option exercise	30K	$19.81
2026-05-12	MONROE CAROLYN	Option exercise	19K	$24.79
2026-05-12	MONROE CAROLYN	Tax withheld	36K	$39.22
2026-05-12	MONROE CAROLYN	Sell	13K	$38.76
2026-05-01	Risch Therace	Buy	300	$39.90
2026-03-16	OBERST STEPHEN J	Tax withheld	3.4K	$40.10
2026-03-16	LANGE JEFFREY	Tax withheld	2.2K	$40.10
2026-03-16	GRAY WILLIAM T	Tax withheld	2.0K	$40.10
2026-03-16	DARE THOMAS	Tax withheld	2.7K	$40.10
2026-03-16	Sodaro Frank Joseph	Tax withheld	2.4K	$40.10
2026-03-16	Smiddy Craig R	Tax withheld	12K	$40.10
2026-03-11	DARE THOMAS	Option exercise	2.8K	—
2026-03-11	DARE THOMAS	Tax withheld	881	$40.65
2026-03-11	Sodaro Frank Joseph	Tax withheld	807	$40.65
2026-03-11	Sodaro Frank Joseph	Option exercise	2.8K	—
2026-03-11	Smiddy Craig R	Tax withheld	2.7K	$40.65
2026-03-11	Smiddy Craig R	Option exercise	9.1K	—
2026-03-11	OBERST STEPHEN J	Option exercise	3.7K	—
2026-03-11	OBERST STEPHEN J	Tax withheld	1.1K	$40.65
2026-03-11	MONROE CAROLYN	Option exercise	2.9K	—
2026-03-11	MONROE CAROLYN	Tax withheld	705	$40.65
2026-03-11	LANGE JEFFREY	Option exercise	2.8K	—
2026-03-11	LANGE JEFFREY	Tax withheld	725	$40.65
2026-03-11	GRAY WILLIAM T	Option exercise	3.2K	—
2026-03-11	GRAY WILLIAM T	Tax withheld	792	$40.65
2026-03-06	Smiddy Craig R	Option exercise	9.6K	—
2026-03-06	Smiddy Craig R	Tax withheld	2.8K	$42.07
2026-03-06	DARE THOMAS	Option exercise	3.0K	—
2026-03-06	DARE THOMAS	Tax withheld	963	$42.07
2026-03-06	GRAY WILLIAM T	Option exercise	3.5K	—
2026-03-06	GRAY WILLIAM T	Tax withheld	921	$42.07
2026-03-06	MONROE CAROLYN	Option exercise	2.9K	—
2026-03-06	MONROE CAROLYN	Tax withheld	708	$42.07
2026-03-06	OBERST STEPHEN J	Option exercise	4.0K	—
2026-03-06	OBERST STEPHEN J	Tax withheld	1.2K	$42.07
2026-03-06	Sodaro Frank Joseph	Option exercise	3.0K	—
2026-03-06	Sodaro Frank Joseph	Tax withheld	956	$42.07
2026-03-06	LANGE JEFFREY	Option exercise	3.0K	—
2026-03-06	LANGE JEFFREY	Tax withheld	867	$42.07
2026-03-02	Smith John Eric	Buy	663	$43.09
2026-03-02	Smith John Eric	Buy	472	$43.11
2026-02-02	MONROE CAROLYN	Tax withheld	11K	$39.17
2026-02-02	MONROE CAROLYN	Sell	1.6K	$39.29
2026-02-02	MONROE CAROLYN	Sell	3.9K	$39.28
2026-02-02	MONROE CAROLYN	Option exercise	16K	$21.30
2026-01-29	LEROY SPENCER III	Grant	1.9K	—
2026-01-29	ADACHI BARBARA	Tax withheld	958	$39.05
2026-01-29	REED GLENN W	Grant	1.9K	—
2026-01-29	ADACHI BARBARA	Grant	1.9K	—
2026-01-29	KENNEDY MICHAEL DENARD	Grant	1.9K	—
2026-01-29	KOVALESKI CHARLES J	Grant	1.9K	—
2026-01-29	KOVALESKI CHARLES J	Tax withheld	714	$39.05
2026-01-29	Bateman Steven J	Grant	1.9K	—
2026-01-29	Risch Therace	Grant	1.9K	—
2026-01-29	MCNITT PETER	Grant	1.9K	—
2026-01-29	MCNITT PETER	Tax withheld	449	$39.05
2026-01-29	CALDWELL LISA J	Grant	1.9K	—
2026-01-29	CALDWELL LISA J	Tax withheld	841	$39.05
2026-01-29	WALKER STEVEN R	Grant	1.9K	—
2026-01-29	WALKER STEVEN R	Tax withheld	938	$39.05
2026-01-29	TAUBITZ FREDRICKA	Grant	1.9K	—
2026-01-29	TAUBITZ FREDRICKA	Tax withheld	754	$39.05
2026-01-29	Smith John Eric	Tax withheld	816	$39.05
2026-01-29	Smith John Eric	Grant	1.9K	—
2025-12-22	Smiddy Craig R	Option exercise	25K	$18.14
2025-12-22	Smiddy Craig R	Tax withheld	17K	$45.51
2025-12-08	LANGE JEFFREY	Gift	590	—
2025-11-18	GRAY WILLIAM T	Gift	5.7K	—
2025-11-14	MONROE CAROLYN	Sell	6.7K	$44.54
2025-11-14	MONROE CAROLYN	Gift	1.2K	—
2025-11-11	Sodaro Frank Joseph	Tax withheld	11K	$41.39
2025-11-11	Sodaro Frank Joseph	Option exercise	15K	$21.12
2025-11-03	Risch Therace	Buy	523	$39.36
2025-11-03	Risch Therace	Buy	477	$38.89
2025-09-02	Risch Therace	Buy	1.5K	$39.90
2025-08-21	OBERST STEPHEN J	Option exercise	16K	$18.14
2025-08-21	OBERST STEPHEN J	Tax withheld	11K	$39.30
2025-08-21	OBERST STEPHEN J	Sell	4.8K	$39.29
2025-08-21	OBERST STEPHEN J	Gift	19K	—
2025-07-31	MONROE CAROLYN	Option exercise	27K	$20.92
2025-07-31	MONROE CAROLYN	Tax withheld	20K	$36.24
2025-07-31	MONROE CAROLYN	Sell	6.8K	$36.52
2025-06-10	Smiddy Craig R	Gift	668	—
2025-05-23	GRAY WILLIAM T	Tax withheld	2.8K	$37.26
2025-05-23	OBERST STEPHEN J	Tax withheld	4.4K	$37.26
2025-05-23	Smiddy Craig R	Tax withheld	10K	$37.26
2025-05-23	Sodaro Frank Joseph	Tax withheld	3.0K	$37.26
2025-05-23	DARE THOMAS	Tax withheld	3.1K	$37.26
2025-05-23	LANGE JEFFREY	Tax withheld	1.4K	$37.26
2025-05-01	MONROE CAROLYN	Sell	11K	$37.38
2025-05-01	MONROE CAROLYN	Option exercise	30K	$22.31
2025-05-01	MONROE CAROLYN	Tax withheld	23K	$37.60
2025-05-01	MONROE CAROLYN	Option exercise	19K	$27.29
2025-05-01	MONROE CAROLYN	Tax withheld	16K	$37.60
2025-05-01	LANGE JEFFREY	Sell	8.1K	$37.41
2025-03-14	Smiddy Craig R	Tax withheld	11K	$36.59
2025-03-14	Sodaro Frank Joseph	Tax withheld	2.4K	$36.59
2025-03-14	LANGE JEFFREY	Tax withheld	2.3K	$36.59
2025-03-14	OBERST STEPHEN J	Tax withheld	3.7K	$36.59
2025-03-14	DARE THOMAS	Tax withheld	3.9K	$36.59
2025-03-14	GRAY WILLIAM T	Tax withheld	2.2K	$36.59
2025-03-11	DARE THOMAS	Option exercise	9.4K	$21.12
2025-03-11	DARE THOMAS	Option exercise	18K	$16.17
2025-03-11	DARE THOMAS	Option exercise	21K	$21.30
2025-03-11	DARE THOMAS	Option exercise	58K	$22.49
2025-03-11	DARE THOMAS	Tax withheld	79K	$36.52
2025-03-11	DARE THOMAS	Sell	14K	$36.48
2025-03-11	DARE THOMAS	Sell	13K	$36.52
2025-03-06	LANGE JEFFREY	Option exercise	3.0K	—
2025-03-06	Smiddy Craig R	Option exercise	9.6K	—
2025-03-06	Smiddy Craig R	Tax withheld	2.8K	$37.73
2025-03-06	Sodaro Frank Joseph	Option exercise	3.0K	—
2025-03-06	Sodaro Frank Joseph	Tax withheld	882	$37.73
2025-03-06	OBERST STEPHEN J	Option exercise	4.0K	—
2025-03-06	OBERST STEPHEN J	Tax withheld	1.3K	$37.73
2025-03-06	LANGE JEFFREY	Tax withheld	938	$37.73
2025-03-06	DARE THOMAS	Option exercise	3.0K	—
2025-03-06	DARE THOMAS	Tax withheld	1.1K	$37.73
2025-03-06	GRAY WILLIAM T	Option exercise	3.5K	—
2025-03-06	GRAY WILLIAM T	Tax withheld	1.0K	$37.73
2025-03-06	MONROE CAROLYN	Option exercise	2.9K	—
2025-03-06	MONROE CAROLYN	Tax withheld	708	$37.73
2025-03-03	Sodaro Frank Joseph	Option exercise	10K	$20.98
2025-03-03	Sodaro Frank Joseph	Tax withheld	6.9K	$38.51
2025-03-03	Sodaro Frank Joseph	Sell	3.1K	$38.84
2025-03-03	Sodaro Frank Joseph	Sell	10	$38.84
2025-03-03	Smiddy Craig R	Option exercise	12K	$15.26
2025-03-03	Smiddy Craig R	Tax withheld	7.2K	$38.51
2025-03-03	Smiddy Craig R	Sell	5.3K	$38.60
2025-02-04	MONROE CAROLYN	Sell	4.3K	$36.34
2025-02-04	MONROE CAROLYN	Option exercise	12K	$16.17
2025-02-04	MONROE CAROLYN	Tax withheld	7.1K	$36.25
2025-02-04	MONROE CAROLYN	Sell	4.8K	$36.35
2025-02-04	MONROE CAROLYN	Sell	149	$36.36
2025-02-04	MONROE CAROLYN	Option exercise	14K	$21.30
2025-02-04	MONROE CAROLYN	Tax withheld	9.5K	$36.25
2025-01-31	LANGE JEFFREY	Sell	1.1K	$36.56
2025-01-29	LEROY SPENCER III	Grant	2.0K	—
2025-01-29	WALKER STEVEN R	Grant	2.0K	—
2025-01-29	TAUBITZ FREDRICKA	Grant	2.0K	—
2025-01-29	Smith John Eric	Grant	2.0K	—
2025-01-29	Risch Therace	Grant	2.0K	—
2025-01-29	REED GLENN W	Grant	2.0K	—
2025-01-29	MCNITT PETER	Grant	2.0K	—
2025-01-29	KOVALESKI CHARLES J	Grant	2.0K	—
2025-01-29	KENNEDY MICHAEL DENARD	Grant	2.0K	—
2025-01-29	CALDWELL LISA J	Grant	2.0K	—
2025-01-29	Bateman Steven J	Grant	2.0K	—
2025-01-29	DIXON JOHN M	Grant	2.0K	—
2025-01-29	ADACHI BARBARA	Grant	2.0K	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-27	Shareholder voteExhibits	filing ↗
2026-05-18	Material agreementDebt obligationExhibits	filing ↗
2026-04-23	ResultsExhibits	filing ↗
2026-01-22	ResultsExhibits	filing ↗
2025-12-12	OtherExhibits	filing ↗
2025-10-24	ResultsExhibits	filing ↗
2025-08-19	Reg FDExhibits	filing ↗
2025-07-24	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-27	2026-05-21	0000074260-26-000074 ↗
8-K	2026-05-18	2026-05-13	0001213900-26-058446 ↗
10-Q	2026-05-01	2026-03-31	0000074260-26-000072 ↗
8-K	2026-04-23	2026-04-23	0000074260-26-000066 ↗
10-K	2026-02-26	2025-12-31	0000074260-26-000008 ↗
8-K	2026-01-22	2026-01-22	0000074260-26-000002 ↗
8-K	2025-12-12	2025-12-12	0000074260-25-000166 ↗
10-Q	2025-10-31	2025-09-30	0000074260-25-000153 ↗
8-K	2025-10-24	2025-10-23	0000074260-25-000148 ↗
8-K	2025-08-19	2025-08-19	0000074260-25-000138 ↗
10-Q	2025-08-01	2025-06-30	0000074260-25-000133 ↗
8-K	2025-07-24	2025-07-24	0000074260-25-000131 ↗