Old Republic International Corporation (ORI) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments724868563455796827829
Cash and cash equivalents15811979100126146160
Short-term investments566750484355670682669
Prepaid expense   1301148263
Total current assets:724868563585910910893
Noncurrent Assets
Long-term investments and receivables   28131828
Long-term investments   28131828
Intangible assets, net (including goodwill)175175175174161161161
Goodwill175175175174161161161
Total noncurrent assets:175175175202174178188
Other undisclosed assets24,08421,77220,33818,54018,32017,50416,030
TOTAL ASSETS:24,98222,81521,07619,32719,40418,59217,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4  7  
Taxes payable 4  7  
Total current liabilities: 4  7  
Noncurrent Liabilities
Liabilities, other than long-term debt250      
Deferred income tax liabilities250  
Total noncurrent liabilities:250      
Other undisclosed liabilities17,83916,62415,07614,18114,66414,12013,230
Total liabilities:18,08916,62915,07614,18114,67014,12013,230
Stockholders' equity
Stockholders' equity attributable to parent, including:6,8936,1876,0005,1464,7334,4723,881
Common stock308304304303269263262
Additional paid in capital1,3761,3071,2981,278815714698
Accumulated other comprehensive income (loss)7828478(210)47432429
Retained earnings5,2144,3954,3863,8503,2073,2112,938
Other undisclosed stockholders' equity attributable to parent(82)(103)(65)(74)(32)(39)(46)
Other undisclosed stockholders' equity 000 00
Total stockholders' equity:6,8936,1876,0005,1464,7334,4723,881
TOTAL LIABILITIES AND EQUITY:24,98222,81521,07619,32719,40418,59217,111

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,3427,1667,2146,0226,2635,9015,766
Premiums earned, net7,560 5,498 
Financial services revenue5,2535,0804,8694,759
Cost of revenue(2,421)(2,491)(2,573)(2,461)(2,479)(2,348)(2,459)
Policyholder benefits and claims incurred, net(2,398)(2,473)(2,545) 
Financial services costs(2,441)(2,459)(2,330)(2,441)
Gross profit:6,9214,6754,6413,5613,7843,5533,307
Operating income:6,9214,6754,6413,5613,7843,5533,307
Interest and debt expense(56)(43)(43)(47)(65)(51)(43)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4,943)(3,944)(3,276)(3,076)(2,995)(2,816)(2,632)
Income from continuing operations before income taxes:1,9226881,322438725686632
Income tax expense(388)(130)(266)(68)(165)(219)(210)
Net income:1,5345591,057371561467422
Other undisclosed net loss attributable to parent(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:1,5345591,056371561467422
Interest on convertible debt   3141515
Net income available to common stockholders, diluted:1,5345591,056374575482437

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,5345591,057371561467422
Other comprehensive income (loss)(207)270287(176)74292(249)
Comprehensive income:1,3288291,344194635759173
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(64)1(6)(9)2(14)
Comprehensive income, net of tax, attributable to parent:1,3287651,344189626761159

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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