← OLD REPUBLIC INTERNATIONAL CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $466.9m | $560.5m | $370.5m | $1.1b | $558.6m | $1.5b | $686.4m | $598.6m | $852.7m | $941.9m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $393.7m | $454.0m | $489.6m | $532.2m | $501.5m | $502.2m | $591.4m | $680.1m | $770.0m | $841.9m | — | |
| Depreciation | $29.6m | $27.2m | $27.6m | $26.8m | $26.9m | $27.2m | $28.3m | $33.0m | $39.3m | $35.4m | — | |
| Amortization Of Securities | — | — | — | — | — | — | ($32.0m) | ($35.2m) | ($113.4m) | ($104.9m) | ($226.2m) | |
| Deferred Income Tax Expense (Benefit) | $28.8m | $32.2m | ($46.5m) | $27.4m | ($27.1m) | $165.9m | ($55.1m) | ($37.4m) | $11.7m | $16.8m | — | |
| Share-based Payment Arrangement, Expense | $3.1m | $3.5m | $3.8m | $3.7m | $2.1m | $3.2m | $9.0m | $19.5m | $33.2m | $46.7m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Change In Working Capital | — | — | — | — | — | — | $313.0m | ($10.3m) | $609.6m | $477.8m | $738.5m | |
| Change In Receivables | — | — | — | — | — | — | ($158.6m) | ($274.4m) | ($270.1m) | ($278.6m) | ($175.1m) | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $2.3b | $2.5b | $2.4b | $2.5b | $2.5b | $2.4b | $2.4b | $2.6b | $3.0b | $3.4b | — | |
| Net Cash Provided by (Used in) Operating Activities | $637.3m |
$452.8m
-28.95%
|
$760.5m
+67.95%
|
$936.2m
+23.10%
|
$1.2b
+26.58%
|
$1.3b
+10.69%
|
$1.2b
-10.76%
|
$880.4m
-24.79%
|
$1.2b
+40.10%
|
$1.2b
-5.60%
|
$1.3b
+9.92%
|
|
| Cash flows from investing activities: | ||||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $967.9m | $1.0b | $964.0m | $779.0m | $1.3b | $1.4b | $1.4b | $1.4b | $1.6b | $1.6b | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | ($187.6m) | ($180.7m) | ($112.1m) | ($3.9m) | — | |
| Gain (Loss) on Investments | $72.8m | $211.6m | $58.2m | $636.1m | ($142.0m) | $758.0m | ($201.1m) | ($190.9m) | $69.9m | $179.7m | ($290.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | $13.1m | $1.2m | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $100k | ($100k) | $0 | $300k | $0 | $12.3m | ($300k) | $1.2m | ($2.3m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($12.3m) | $200k | ($1.2m) | $2.3m | $400k | |
| Net Cash Provided by (Used in) Investing Activities | ($1.0b) | ($293.9m) | ($239.5m) | ($424.6m) | ($845.2m) | ($936.5m) | ($415.0m) | $25.3m | ($3.9m) | ($177.2m) | ($483.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $395.9m | $0 | $693.4m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $395.9m | $0 | $693.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($5.3m) | ($400.0m) | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | ($5.3m) | ($4.1m) | $0 | $693.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $620.8m | — | ($5.3m) | ($4.1m) | — | ($4.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($5.3m) | ($400.0m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $281.2m | $535.3m | $942.2m | $123.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $193.8m | $198.8m | $498.8m | $538.7m | $250.1m | $1.0b | $579.7m | $275.5m | $271.9m | $782.6m | ($912.1m) | |
| Proceeds from Issuance of Common Stock | $8.4m | $17.8m | $13.1m | $13.8m | $6.7m | $60.0m | $26.6m | $31.1m | $2.0m | $3.8m | $4.0m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($579.7m) | ($275.5m) | ($271.9m) | ($782.6m) | ($912.1m) | |
| Common Stock Issuance | — | — | — | — | — | — | $26.6m | $31.1m | $2.0m | $3.8m | $4.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($281.2m) | ($535.3m) | ($942.2m) | ($123.8m) | ($318.5m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $26.6m | $31.1m | $2.0m | $3.8m | $4.0m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($254.6m) | ($504.2m) | ($940.2m) | ($120.0m) | ($314.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($281.2m) | ($535.3m) | ($942.2m) | ($123.8m) | ($318.5m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($579.7m) | ($275.5m) | ($271.9m) | ($782.6m) | ($912.1m) | |
| Proceeds from (Payments for) Other Financing Activities | ($2.8m) | $6.4m | ($6.0m) | $200k | $2.0m | $2.5m | $1.5m | $1.8m | ($10.7m) | ($23.1m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $1.6m | $1.8m | ($10.7m) | ($23.1m) | ($23.2m) | |
| Net Cash Provided by (Used in) Financing Activities | $385.0m |
($178.5m)
-146.36%
|
($546.5m)
-206.16%
|
($533.1m)
+2.45%
|
($300.0m)
+43.73%
|
($335.7m)
-11.90%
|
($832.7m)
-148.05%
|
($783.2m)
+5.94%
|
($1.2b)
-56.65%
|
($925.7m)
+24.55%
|
($556.5m)
+39.88%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $118.7m | $39.4m | ($77.1m) | $122.5m | $2.4m | $61.3m | $417.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $158.1m | $81.0m | $202.8m | $201.9m | $178.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $118.7m | $158.1m | $81.0m | $202.8m | $201.9m | $263.2m | $417.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $40.9m | $62.5m | $50.8m | $42.1m | $41.4m | $53.4m | $65.8m | $66.0m | $77.3m | $69.3m | — | |
| Income Taxes Paid, Net | $178.6m | $106.3m | $137.2m | $229.4m | $149.3m | $236.5m | $226.5m | $198.3m | $196.3m | $210.5m | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | $45.6m | $5.4m | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | $0 | $0 | $293.8m | ($599.5m) | $156.2m | ($751.1m) | $263.4m | ($123.9m) | ($18.9m) | ($22.3m) | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $1.7b | $1.8b | — | |
| Goodwill | $160.7m | $160.7m | $174.0m | $175.1m | $175.1m | $174.5m | $178.1m | $178.3m | $179.6m | $173.2m | — | |
| Income Tax Expense (Benefit) | $219.0m | $164.8m | $67.5m | $265.9m | $129.7m | $387.7m | $170.9m | $148.7m | $216.9m | $242.1m | — | |
| Operating Lease, Expense | — | — | — | — | — | $65.0m | $64.0m | $60.6m | $59.0m | $58.0m | — | |
| Proceeds from Stock Options Exercised | — | $16.9m | $11.3m | $12.0m | $5.7m | $56.3m | $24.3m | $33.0m | $40.8m | $46.3m | — | |
| Realized Investment Gains (Losses) | $72.8m | $211.6m | ($235.6m) | $636.1m | $14.2m | $6.9m | $62.2m | ($67.0m) | $88.8m | $202.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($832.8m) | ($783.2m) | ($1.2b) | ($925.7m) | ($556.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($415.0m) | $25.4m | ($3.9m) | ($177.2m) | ($483.8m) | |
| Change In Account Payable | — | — | — | — | — | $160.9m | $1.9m | — | — | — | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($77.1m) | $122.5m | $2.4m | $61.3m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($54.7m) | ($47.1m) | $20.8m | $45.1m | $36.7m | |
| Change In Payable | — | — | — | — | — | $160.9m | $1.9m | — | — | — | — | |
| Changes In Cash | — | — | — | — | — | — | ($77.1m) | $122.5m | $2.6m | $61.4m | $239.8m | |
| End Cash Position | — | — | — | — | — | — | $81.0m | $202.8m | $201.9m | $263.2m | $417.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($832.7m) |
($783.2m)
+5.94%
|
($1.2b)
-56.65%
|
($925.7m)
+24.55%
|
($556.5m)
+39.88%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $880.4m | $1.2b | $1.2b | $1.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($62.2m) | $67.0m | ($88.8m) | ($202.0m) | ($290.6m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($415.0m) | $25.3m | ($3.9m) | ($177.2m) | ($483.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $136.6m | $0 | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($402.7m) | $25.1m | ($139.3m) | ($179.5m) | ($484.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($62.2m) | $67.0m | ($88.8m) | ($202.0m) | ($290.6m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $0 | ($800k) | ($3.3m) | $0 | — | |
| Other Non Cash Items | — | — | — | — | — | — | $2.0m | $136.4m | ($45.6m) | $29.2m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($5.4b) | ($3.5b) | ($4.5b) | ($3.1b) | ($3.6b) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $136.6m | $0 | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $5.0b | $3.5b | $4.4b | $2.9b | $3.1b | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $263.4m | $123.9m | $18.9m | $22.3m | ($215.7m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.