Old Republic reported net operating income of $185 million for the quarter, down from $227 million last year. Specialty insurance and title insurance both saw favorable development in the quarter, impacting the consolidated loss ratio. Specialty insurance net premiums written were up 6.1%, with strong rate increases on commercial auto and general liability. Commercial auto saw a loss ratio of 67.6%, with 2.2 points of favorable prior year loss reserve development. Workers’ comp net premiums written were down 6%, with a loss ratio of 65.2%. Property net premiums written increased 21% in the quarter. Old Republic declared nearly $700 million in dividends and repurchased $56 million worth of shares in the quarter. The company has $850 million remaining in its current repurchase program. The company plans to continue focusing on underwriting excellence, pricing discipline, and profitability in 2026. Additionally, the company is considering a regular dividend increase and may repurchase more shares if opportunities arise.

Read more at Yahoo Finance: Old Republic (ORI) Q4 2025 Earnings Transcript