4th Quarter 2023 Highlights
OLD REPUBLIC
4th Quarter 2023 Highlights
$0.69
Operating EPS
14% decrease from $0.80 in
the 4th quarter of 2022 driven
by 19% pretax operating
income decline in General
Insurance and a 3% decline in
Title Insurance.
$23.31
Book Value Per Share
Adding back dividends,
book value increased
15.3% from year-end
2022.
$1.74 billion
Net Premiums &
Fees Earned
93.3
Combined Ratio
5% decrease driven by
Title Insurance (down 23%)
offset by General Insurance
(up 11%).
Up 3.7 points versus last
year's 89.6. General
Insurance at 92.0 (vs 84.0)
and Title Insurance at 95.5
(vs 96.2).
4.6 points
Favorable
Development
$0.245
Regular Quarterly
Dividend
Favorable development in
all segments.
Up 6.5% from prior year
$55 million
Share Repurchases
Completed in 4th quarter
under current $450 million
authorization.
$530 million repurchased
year-to-date.
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