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Old Republic International ORI Specialty Insurance Group — Ceded Premiums Earned

Other product segments

Life Insurance in Force
$269.9M-23.2%
Accident and health Insurance
$3.4M-30.6%
Life Insurance
$1.6M-23.8%
Title Insurance Group
$0

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$62.75K+182%
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$40.03M+12.8%
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GNWLife insurance — Ceded Premiums Earned
$111M-7.1%

Other financials

Income statement

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Revenue$2.5B+13.4%
Net income$322.3M+57.7%
EPS (diluted)$1.31+61.7%

Balance sheet

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Cash & equivalents$417.7M+135%
Total debt$2.3B+43.7%
Total equity$6.1B-1.8%
Total assets$31.6B+8.0%

Cash flow

See full
Operating cash flow$281.4M+21.5%

Valuation

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Market cap$10.51B+13.3%
Enterprise value$12.37B+15.8%
P/E9.2×-1.1×
P/S1.1×0.0×

Profitability

See full
Net margin11.7%+1.4pp

Returns & leverage

See full
Return on equity18.6%+3.9pp
Debt / equity0.4×+0.1×

Where this comes from

Reported directly by Old Republic International in its filing.

Tagged under the XBRL concept us-gaap:CededPremiumsEarned.

The source filing: Old Republic International’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 3:41 PM EST
Fiscal year
FY2025
Accession
0000074260-26-000008
Years Ended December 31:202520242023
Specialty Insurance
Direct$8,513.4$7,706.9$6,776.4
Assumed202.9106.896.6
Ceded$3,286.2$2,783.2$2,516.7
Direct$8,144.7$7,221.8$6,513.2
Assumed119.3108.094.7
Ceded$3,079.2$2,652.8$2,488.6
$2,455.3$2,585.1$1,795.9

Item 8 - Financial Statements and Supplementary Data

FAQ

What is Old Republic International's specialty insurance group — ceded premiums earned?
Old Republic International (ORI) reported specialty insurance group — ceded premiums earned of $769.8M in Q4 2025.
How has Old Republic International's specialty insurance group — ceded premiums earned changed year-over-year?
Old Republic International's specialty insurance group — ceded premiums earned increased by 16.1% year-over-year, from $663.2M to $769.8M.
What is the long-term trend for Old Republic International's specialty insurance group — ceded premiums earned?
Over 4 years (2021 to 2025), Old Republic International's specialty insurance group — ceded premiums earned has grown at a 11.0% compound annual growth rate (CAGR), from $2.03B to $3.08B.
What does specialty insurance group — ceded premiums earned mean?
This metric represents the portion of premiums that the specialty insurance segment pays to other reinsurers to transfer a portion of its underwriting risk. It reflects the cost of reinsurance protection purchased to mitigate potential losses from large claims or catastrophic events. Higher ceded premiums indicate a strategy of risk management and capital preservation through external reinsurance partners.

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