Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
ORI [bullish]
Old Republic International Corporation
+75.08%
current return
Author Info
Bireme Capital uses a value-oriented, bottom-up analysis to identify high IRR opportunities in publicly listed equities. Visit the website.
Company Info
Old Republic International Corporation, through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.
Market Cap
$9.6B
Pitch Price
$23.04
Price Target
N/A
Dividend
9.28%
EV/EBITDA
8.16
P/E
10.60
EV/Sales
1.22
Sector
Insurance
Category
value
Bireme Capital holding: Old Republic ($ORI)
ORI +18% since May. General Insurance thriving, combined ratio 90% vs 97% historical avg. Higher rates boost investment income +26% despite Title weakness. GI profit $788m '23, $1.2b '27 est. $8b mkt cap undervalues $1b '27 net income. Mgmt agrees, buying back $530m shares for 10%+ shareholder yield.
Read full article (1 min)