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Old Republic International ORI Specialty Insurance Group — Taxes and Licenses

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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

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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

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Net margin11.7%+1.4pp

Returns & leverage

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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:TaxesAndLicenses.

The source filing: Old Republic International’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 1:46 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000074260-26-000072
Quarter Ended March 31, 2026:Specialty InsuranceTitle InsuranceCorporate & OtherConsolidation Elimination Adjustments (a)Total
Dividends to policyholders4.64.6
Underwriting, acquisition, and other expenses:
Commissions138.6435.3(0.1)573.9
Insurance taxes, licenses, and fees52.910.40.563.9
Subtotal191.6445.70.4637.9
General expenses258.2215.316.5490.1
Total underwriting, acquisition, and
other expenses449.9661.116.91,128.0

Item 1. CONSOLIDATED BALANCE SHEETS

FAQ

What is Old Republic International's specialty insurance group — taxes and licenses?
Old Republic International (ORI) reported specialty insurance group — taxes and licenses of $52.9M in Q1 2026.
How has Old Republic International's specialty insurance group — taxes and licenses changed year-over-year?
Old Republic International's specialty insurance group — taxes and licenses increased by 23.9% year-over-year, from $42.7M to $52.9M.
What is the long-term trend for Old Republic International's specialty insurance group — taxes and licenses?
Over 3 years (2022 to 2025), Old Republic International's specialty insurance group — taxes and licenses has grown at a 8.0% compound annual growth rate (CAGR), from $161.1M to $202.9M.
What does specialty insurance group — taxes and licenses mean?
Regulatory costs, state premium taxes, and licensing fees required to operate in specific jurisdictions. These are mandatory operational expenses tied to the volume of business written.

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