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Old Republic International ORI Specialty Insurance Segment — Deferred Policy Acquisition Costs

Other segment segments

Corporate & Other
$100K0.0%
Title Insurance Group
$0

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$7.59B+7.0%
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$4.61B+7.3%
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AIGInternational Commercial — Deferred Policy Acquisition Costs
$582M-18.9%

Other financials

Income statement

See full
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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

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
Column A / Segment / Year Ended December 31, 2025:Column B / Deferred Policy Acquisition CostsColumn C / Loss and Loss Adjustment Expense ReservesColumn D / Unearned PremiumsColumn E / Other Policyholders'Benefits and FundsColumn F / Premium Revenue
Insurance Underwriting:
Specialty Insurance$636.1$7,826.6$2,858.0$139.1$5,184.8
Title Insurance545.72.02,594.4
Corporate & Other (a)0.14.130.09.4
Reinsurance Recoverable (b)6,399.11,124.56.6
Consolidated$636.2$14,775.7$3,982.5$177.8$7,788.7
Year Ended December 31, 2024:
Insurance Underwriting:

Item 15 - Exhibits

FAQ

What is Old Republic International's specialty insurance segment — deferred policy acquisition costs?
Old Republic International (ORI) reported specialty insurance segment — deferred policy acquisition costs of $636.1M in Q4 2025.
How has Old Republic International's specialty insurance segment — deferred policy acquisition costs changed year-over-year?
Old Republic International's specialty insurance segment — deferred policy acquisition costs increased by 19.8% year-over-year, from $531.1M to $636.1M.
What does specialty insurance segment — deferred policy acquisition costs mean?
This represents the capitalized costs directly related to acquiring new insurance policies, such as commissions and underwriting expenses, which are amortized over the life of the policy. It reflects the investment made to generate future premium revenue. Proper management of these costs is vital for maintaining underwriting profitability.

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