Old Republic International Corporation (ORI) financial statements (2020 and earlier)

Company profile

Business Address 307 N MICHIGAN AVE
CHICAGO, IL 60601
State of Incorp. DE
Fiscal Year End December 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5634557968278297461,278
Cash and cash equivalents79100126146160137153
Short-term investments4843556706826696091,125
Prepaid expense 130114826346 
Total current assets:5635859109108937921,278
Noncurrent Assets
Long-term investments and receivables 281318281818
Long-term investments 281318281818
Intangible assets, net (including goodwill)175174161161161161161
Goodwill175174161161161161161
Total noncurrent assets:175202174178188178179
Other undisclosed assets20,33818,54018,32017,50416,03016,01815,078
TOTAL ASSETS:21,07619,32719,40418,59217,11116,98816,534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  7    
Taxes payable  7    
Total current liabilities:  7    
Noncurrent Liabilities
Other undisclosed liabilities15,07614,18114,66414,12013,23013,06412,759
Total liabilities:15,07614,18114,67014,12013,23013,06412,759
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0005,1464,7334,4723,8813,9243,775
Common stock304303269263262  
Additional paid in capital1,2981,278815714698  
Accumulated other comprehensive income (loss)78(210)47432429  
Retained earnings4,3863,8503,2073,2112,938  
Other undisclosed stockholders' equity attributable to parent(65)(74)(32)(39)(46)3,9243,775
Other undisclosed stockholders' equity00 000 
Total stockholders' equity:6,0005,1464,7334,4723,8813,9243,775
TOTAL LIABILITIES AND EQUITY:21,07619,32719,40418,59217,11116,98816,534

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,2146,0226,2635,9015,7665,5315,443
Premiums earned, net5,498 
Financial services revenue5,2535,0804,8694,7594,4464,457
Cost of revenue(2,573)(2,461)(2,479)(2,348)(2,459)(2,150)(2,223)
Policyholder benefits and claims incurred, net(2,545) 
Deferred policy acquisition costs, amortization expense     365(332)
Financial services costs(2,441)(2,459)(2,330)(2,441)(2,500)(2,223)
Gross profit:4,6413,5613,7843,5533,3073,3813,220
Operating expenses     (54)(50)
Operating income:4,6413,5613,7843,5533,3073,3273,170
Nonoperating income (expense)
(Investment Income, Nonoperating)
     269(5)
Interest and debt expense(43)(47)(65)(51)(43)(28)(23)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,276)(3,076)(2,995)(2,816)(2,632)(2,958)(2,469)
Income from continuing operations before income taxes:1,322438725686632609673
Income tax expense(266)(68)(165)(219)(210)(200)(225)
Net income:1,057371561467422410448
Other undisclosed net loss attributable to parent(0)(0)(0)(0)(0) (0)
Net income available to common stockholders, basic:1,056371561467422410448
Interest on convertible debt 31415151515
Net income available to common stockholders, diluted:1,056374575482437424462

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,057371561467422410448
Other comprehensive income (loss)287(176)74292(249)(131) 
Comprehensive income:1,344194635759173279448
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(6)(9)2(14)45(104)
Comprehensive income, net of tax, attributable to parent:1,344189626761159324344

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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