Old Republic International (ORI) risk factors, FY2024 10-K

Old Republic International's FY2024 10-K, filed Feb 27, 2025, lists 20 risk factors. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

Open ORI in Gloom →
Old Republic International's chart, financials and news, free in your browser.Open ORI in Gloom →
Risk factors listed
201 groups
Section length
6k wordsItem 1A

Old Republic International's biggest risks in the FY2024 10-K

  • Loss reserves and pricing accuracy are foundational as premiums are set before known liabilities.

The risks most specific to Old Republic International

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    Old Republic’s loss reserves are based on estimates, and if these prove to be inadequate to cover its actual insured losses, Old Republic’s business, financial condition, and results of operations could be adversely affected

    Old Republic’s loss reserves for reported and unreported claims may prove inadequate, adversely affecting financial condition and operations.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    If the Company is unable to realize its investment objectives, its financial condition and results of operations may be adversely affected

    The consolidated investment portfolio has an 84% allocation to fixed income and 16% to equity securities.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    If the Company’s investments in new underwriting subsidiaries are unsuccessful, the Company’s expectations for top- and bottom-line growth may not be met

    Upfront investments in new specialized insurance businesses may fail to meet top- and bottom-line growth expectations.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    Losses due to defaults by insureds with which the Company has entered into risk-sharing arrangements could adversely affect its profitability

    Defaults by insureds under risk-sharing arrangements like large deductibles and captive retentions could reduce profitability in liability and workers' compensation.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    The Title Insurance segment’s products and services and claims experience may suffer as a result of deteriorations in the real estate market

    Declines in real estate values and transaction volumes due to high mortgage interest rates can reduce demand for title insurance products.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    Because independent title agents issue a significant portion of the Title Insurance segment's policies and operate with substantial independence from the business, the independent operations of these title agents could adversely affect the financial condition and profitability of this segment

    Independent title agents who perform title searches and underwriting decisions operate largely independently, creating potential financial risk for the Title Insurance segment.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    The Title Insurance segment’s business may be adversely affected by business or regulatory conditions that disproportionately affect Florida

    Florida accounts for approximately 24% of total Title Insurance segment consolidated premium and related fee income, creating geographic concentration risk.

  • RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

    A title failure or other claim on a large commercial title policy could adversely affect the Title Insurance segment and the Company

    Commercial title policies can have exposures extending into the hundreds of millions of dollars without reinsurance.

All 20 risk factors

Headings as the filing states them, in filing order.

RISKS RELATING TO OLD REPUBLIC AND ITS BUSINESSES

  1. 01Old Republic’s loss reserves are based on estimates, and if these prove to be inadequate to cover its actual insured losses, Old Republic’s business, financial condition, and results of operations could be adversely affected
  2. 02If the Company is unable to accurately underwrite risks and charge competitive yet profitable rates to its policyholders and customers, the Company’s business, financial condition, and results of operations could be materially and adversely affected
  3. 03If the Company is unable to realize its investment objectives, its financial condition and results of operations may be adversely affected
  4. 04Losses due to nonperformance or defaults by counterparties can have a material adverse effect on the Company’s profitability or sources of liquidity
  5. 05The Company’s status as a holding company with no direct operations could adversely affect its liquidity and its ability to service debt and pay dividends
  6. 06Old Republic may not be able to maintain paying dividends at current rates, or at all
  7. 07The Company may suffer losses from litigation, which could materially and adversely affect its financial condition and business operations
  8. 08The Company competes with a large number of companies in the insurance industry for premium revenues
  9. 09If the Company’s investments in new underwriting subsidiaries are unsuccessful, the Company’s expectations for top- and bottom-line growth may not be met
  10. 10If the Company is unable to keep pace with the technological advancements in the insurance industry, its ability to compete effectively could be impaired
  11. 11Climate change could have a material adverse effect on Old Republic’s business and investments
  12. 12If climate change has a significant impact on a specific investment or bond issuer, or the economy in general, investment losses or reduction in premium and fee revenue could potentially occur. In that event, Old Republic would address such issues pursuant to sound business and investment practices
  13. 13Catastrophic losses, including those caused by natural disasters such as earthquakes or man-made events such as terrorist attacks, are inherently unpredictable and could cause the Company to suffer material financial losses
  14. 14If the Company is not able to obtain reinsurance on favorable terms, its business, financial condition, and results of operations could be adversely affected
  15. 15Losses due to defaults by insureds with which the Company has entered into risk-sharing arrangements could adversely affect its profitability
  16. 16The Title Insurance segment’s products and services and claims experience may suffer as a result of deteriorations in the real estate market
  17. 17Because independent title agents issue a significant portion of the Title Insurance segment's policies and operate with substantial independence from the business, the independent operations of these title agents could adversely affect the financial condition and profitability of this segment
  18. 18Regulation of title insurance rates could adversely affect the Title Insurance segment
  19. 19The Title Insurance segment’s business may be adversely affected by business or regulatory conditions that disproportionately affect Florida
  20. 20A title failure or other claim on a large commercial title policy could adversely affect the Title Insurance segment and the Company

Other Old Republic International 10-Ks

  • FY2025 10-K risk factors
    21 risks1 new2 reworded

    Insurance subsidiary dividend restrictions and holding company liquidity are highlighted through new disclosures and reworded sections.

    Filed Feb 26, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.