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Quanta Services, Inc. (PWR) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

Key Takeaways Quanta Q1 revenues rose 26.3% while adjusted EPS increased more than 50% year over year.The company ended the first quarter of 2026 with a record backlog of about $48.5 billion.PWR raised 2026 revenue and adjusted EPS guidance following strong Q1 2026 execution. Quanta Services, Inc. (PWR - Free Report) has built a leading position in mission-critical infrastructure markets, providing engineering, construction and maintenance services for electric transmission, substations, power generation and large-load facilities. As hyperscalers race to expand AI computing capacity, demand for reliable power infrastructure has surged, creating a significant tailwind for the company.

The momentum is already visible in the numbers. PWR reported first-quarter 2026 revenues of $7.87 billion, up 26.3% year over year, while adjusted earnings per share jumped more than 50%. It also ended the first quarter of 2026 with a record backlog of approximately $48.5 billion, reflecting strong demand across utility, transmission and large-load infrastructure markets. Management continues to highlight data centers as a major growth engine. AI-related facilities require enormous amounts of power, driving investments in transmission networks, substations, grid modernization and power generation projects.

Notably, Quanta’s integrated capabilities across these areas position it as a key partner for utilities, developers and hyperscale customers seeking to accelerate project deployment. The company’s confidence is reflected in its updated 2026 outlook. Following strong first-quarter 2026 execution, PWR raised its full-year 2026 guidance and now expects revenues of $34.7-$35.2 billion (compared with the prior expectations of $33.25-$33.75 billion) and adjusted EPS of $13.55-$14.25 (compared with the earlier projection of $12.65-$13.35).

While permitting challenges, inflation and supply-chain risks remain potential hurdles, the secular growth drivers behind AI infrastructure appear robust. With utilities and technology companies investing heavily to meet soaring electricity demand, Quanta’s growing exposure to data center-related projects could become one of its most significant catalysts for revenue, backlog and earnings growth in the years ahead.

Quanta, MasTec & EMCOR: AI Buildout Battle Heats UpQuanta remains a leading beneficiary of the AI-driven data-center infrastructure boom, leveraging its expertise in power transmission, substations and grid modernization. Despite this edge, the company competes with big names like MasTec, Inc. (MTZ - Free Report) and EMCOR Group, Inc. (EME - Free Report) .

MasTec is also capitalizing on rising demand through its electrical transmission, clean-energy and communications businesses. Its strong backlog growth reflects increasing investments in power infrastructure needed to support data centers, renewable integration and electrification trends. MTZ continues to see significant opportunities tied to utility upgrades and digital infrastructure expansion. Meanwhile, EMCOR is emerging as a key player in mission-critical construction, benefiting from robust demand for mechanical and electrical systems in data centers. EME’s strong project pipeline and exposure to high-tech facilities provide a direct avenue to participate in the AI infrastructure buildout.

Across the sector, accelerating AI adoption, utility spending and power-capacity constraints are creating a multiyear opportunity, supporting backlog growth, revenue visibility and future earnings expansion for MasTec and EMCOR, besides Quanta.

PWR Stock’s Price Performance & Valuation TrendPWR stock has surged 68.6% year to date, outperforming the Zacks Engineering - R and D Services industry, the Zacks Construction sector and the S&P 500 index.

Image Source: Zacks Investment Research

PWR stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 47.57, as evidenced by the chart below.

Image Source: Zacks Investment Research

Earnings Estimate Revision of PWRPWR’s earnings estimates for 2026 and 2027 have trended upward in the past 30 days to $13.95 per share and $16.39 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 29.8% and 17.5%, respectively.

Image Source: Zacks Investment Research

Quanta currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FSE: JG6) ("Aegis" or the "Company"), together with its Indigenous majority-owned partner, Malahat Energy Systems Inc. ("Malahat"), is pleased to announce the completion of a comprehensive third-party certification and engineering validation package for the PWR-Flex 261Q energy storage platform. The milestone builds upon the Company's previously announced commercialization activities and further strengthens the platform's readiness for commercial, industrial, utility, telecommunications, mining, marine, Indigenous community, defence, remote, and critical infrastructure deployments throughout North America.

The PWR-Flex 261Q certification and engineering package, completed by CSA Group and independent engineering specialists and commissioned through the platform's manufacturing partners, includes UL 9540, UL 9540A, UL 1973, UL 1741 SB, CSA C22.2 No. 107.1, Functional Safety, NFPA 68, and NFPA 69 evaluations supporting commercial, industrial, utility, telecommunications, mining, marine, Indigenous community, defence, remote, and critical infrastructure applications. (www.malahatenergysystems.ca/cx261-spec/)

The PWR-Flex 261Q is a fully integrated, plug and play 261 kWh / 135 kW outdoor Battery Energy Storage System ("BESS") combining Lithium Iron Phosphate ("LFP") battery technology, liquid-cooled thermal management, intelligent controls, integrated fire suppression, advanced monitoring systems, and optional quantum-secure control architecture within a compact factory-tested enclosure.

"The completion of this certification and engineering validation program represents an important milestone in our strategy to deliver secure, resilient, and commercially deployable energy storage solutions for critical infrastructure customers," said Ramtin Rasoulinezhad, Chief Executive Officer of Aegis Critical Energy Defence Corp.

"The PWR-Flex 261Q combines advanced energy storage technology, comprehensive third-party safety validation, intelligent controls, and optional quantum-secure communications architecture into a highly scalable platform suitable for a broad range of industrial, utility, and critical infrastructure applications."

Built for Critical Infrastructure

Engineered for demanding operating environments, the PWR-Flex 261Q utilizes liquid-cooled LFP battery technology and is designed to operate in temperatures ranging from -30°C to +50°C. The platform incorporates IP67 battery packs housed within an IP55 outdoor enclosure and includes integrated aerosol fire suppression, intelligent battery management, advanced monitoring systems, and flexible communications protocols suitable for deployment in commercial facilities, industrial operations, telecommunications networks, microgrids, remote energy systems, mining operations, marine applications, and critical infrastructure projects.

The PWR-Flex 261Q platform is available with Quantum-Secure Controller architecture utilising Quantum eMotion Corp's., (NYSE American: QNC) (TSXV: QNC) (FSE: 34Q0), hardware-based Quantum Random Number Generation ("QRNG") technology that enables cryptographic signing of commands, telemetry, and firmware updates using quantum-derived entropy, supporting advanced cybersecurity requirements for utilities, telecommunications networks, defence infrastructure, and other mission-critical applications. The integration of QRNG technology will strengthen security through enhanced cryptographic key generation and supporting secure communications across distributed energy infrastructure and critical energy systems.

Supporting the ToughBhoy Platform

The certified PWR-Flex 261Q platform also serves as the foundational energy-storage building block within the Company's ToughBhoy mobile energy platform. Designed for defence, Arctic, mining, remote operations, emergency response, and critical infrastructure applications, ToughBhoy utilizes the same certified 261 kWh LFP energy modules combined with ruggedized deployment configurations, −50 °C to +55 °C operating envelope, advanced controls, and optional quantum-secure communications architecture.

(www.malahatenergysystems.ca/specs/MBT_Tough_Bhoy.pdf)

By leveraging a common certified energy architecture across both fixed and mobile deployments, Aegis and Malahat Energy Systems are positioned to support a broad range of applications ranging from commercial and industrial installations to mission-critical energy systems operating in some of the world's most demanding environments.

Canadian-Led Platform Development

The PWR-Flex 261Q is delivered through a collaborative ecosystem led by Aegis Critical Energy Defence Corp. and Malahat Energy Systems Inc., combining Canadian system integration, Indigenous project leadership, advanced energy storage manufacturing, and next-generation quantum cybersecurity technologies into a unified energy platform designed to address the growing demand for secure and resilient energy infrastructure.

The Company believes the completion of the certification and engineering package strengthens its ability to pursue product qualification, procurement and deployment opportunities across telecommunications, mining, industrial, provincial and municipal, Indigenous community, critical infrastructure and utility market throughout Canada and North America, including potential participation in BC Hydro energy storage initiatives and other utility programs, where applicable.

About Malahat Energy Systems Inc.

Malahat Energy Systems Inc. is an Indigenous majority-owned energy technology company focused on delivering advanced energy storage, hybrid power generation, and microgrid solutions for Indigenous communities, utilities, industrial operators, remote sites, and critical infrastructure applications across Canada and North America. For more information, visit www.malahatenergysystems.ca.

About Aegis Critical Energy Defence Corp.

Aegis Critical Energy Defence Corp. (CSE: QESS) (OTCQB: QESSF) (FFSE: JG6) is a Canadian-based energy technology company focused on the development of secure and resilient energy systems for critical infrastructure. The Company's integrated platform combines advanced energy storage, hybrid and distributed generation systems, intelligent control architectures and cybersecurity to deliver high-reliability solutions for applications across defence, marine, remote and industrial sectors. For more information, visit www.aegiscriticalenergy.com.

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Aegis Critical Energy Defence Corp.'s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299786

Source: Aegis Critical Energy Defence Corp.

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On June 11, 2026, Quanta Services Inc (PWR) shares rose 5.0% to a current price of $683.29, although the stock has experienced a decline of 5.0% over the past w

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Prestige Consumer Healthcare (“Prestige Consumer” or the “Company”) (NYSE: PBH) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON PRESTIGE CONSUMER HEALTHCARE (PBH), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On May 13, 2026, Prestige Consumer annou.

Law Offices of Howard G. Smith continues its investigation on behalf of Prestige Consumer Healthcare (“Prestige Consumer” or the “Company”) (NYSE: [url=

LOS ANGELES, May 24, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. (“Prestige” or “the Company”) (NYSE: PBH) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prestige released its Q4 and full year 2026 financial results on May 13, 2026. The Company revealed, "for fiscal 2026, revenues decreased 4.5% organically versus the prior year" and "total company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." Based on this news, shares of Prestige fell by 11.35% on the next day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
310-301-3335
[email protected]
www.schallfirm.com

NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. (“Prestige” or the “Company”) (NYSE: PBH).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that “for fiscal ‘26, revenues decreased 4.5% organically versus the prior year” and “[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year.”  In the associated earnings call, the Company’s CEO Ron Lombardi revealed that “in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates.” 

On this news, Prestige’s stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980  

Investors in Prestige Consumer Healthcare Inc. (PBH - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 16, 2026 $45 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Prestige Consumer shares, but what is the fundamental picture for the company? Currently, Prestige Consumer is a Zacks Rank #4 (Sell) in the Medical – Products industry that ranks in the Bottom 33% of our Zacks Industry Rank. Over the last 60 days, no analyst increased their earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.05 per share to 96 cents in that period.

Given the way analysts feel about Prestige Consumer right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or the "Company") (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." In the associated earnings call, the Company's CEO Ron Lombardi revealed that "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates." 

On this news, Prestige's stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

SOURCE Pomerantz LLP

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or "the Company") (NYSE: PBH) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prestige released its Q4 and full year 2026 financial results on May 13, 2026. The Company revealed, "for fiscal 2026, revenues decreased 4.5% organically versus the prior year" and "total company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." Based on this news, shares of Prestige fell by 11.35% on the next day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

SOURCE The Schall Law Firm

NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. (“Prestige” or the “Company”) (NYSE: PBH).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that “for fiscal ‘26, revenues decreased 4.5% organically versus the prior year” and “[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year.”  In the associated earnings call, the Company’s CEO Ron Lombardi revealed that “in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates.” 

On this news, Prestige’s stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or the "Company") (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." In the associated earnings call, the Company's CEO Ron Lombardi revealed that "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates." 

On this news, Prestige's stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980 

SOURCE Pomerantz LLP

, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – Old Republic International today announced a leadership transition at BITCO Insurance Companies, effective April 1, 2026. Meyer Lehman has been named President and Chief Executive Officer, and Vince Lamb, BITCO's current Chief Executive Officer, will become Executive Chairman.

In making this announcement, Craig Smiddy, Old Republic International's President and Chief Executive Officer, commented that "Meyer is a proven leader with the experience, judgment, and people-first approach that aligns closely with Old Republic's culture and operating philosophy. He has earned the trust of BITCO's colleagues, agents, and business partners, and we are confident in his ability to lead BITCO forward. This move reflects thoughtful succession planning and ensures we will continue to benefit from Vince's deep institutional knowledge, leadership, and steady counsel."

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy: President and Chief Executive Officer

Investors: Joe Calabrese/[email protected]

SOURCE Old Republic International Corporation

Posted by Defense World Staff on Apr 1st, 2026

Burns Matteson Capital Management LLC acquired a new position in Old Republic International Corporation (NYSE:ORI – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,500 shares of the insurance provider’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORI. JPL Wealth Management LLC purchased a new position in Old Republic International in the 3rd quarter worth approximately $27,000. Clearstead Trust LLC raised its position in shares of Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after buying an additional 288 shares in the last quarter. Core Alternative Capital bought a new stake in shares of Old Republic International during the 3rd quarter worth $42,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 222 shares during the last quarter. Finally, Caldwell Trust Co grew its position in Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after acquiring an additional 450 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes A number of research analysts recently commented on ORI shares. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.50.

View Our Latest Stock Analysis on ORI

Insider Activity In related news, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the acquisition, the director owned 4,276 shares in the company, valued at approximately $184,295.60. This represents a 36.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares of the company’s stock, valued at approximately $1,094,930. This trade represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Old Republic International Trading Down 0.2% Shares of ORI opened at $39.85 on Wednesday. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 11.76 and a beta of 0.73. The firm has a 50 day moving average price of $40.72 and a 200-day moving average price of $42.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORI – Get Free Report) last released its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter in the prior year, the business posted $0.90 EPS. As a group, equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. Old Republic International’s payout ratio is 37.17%.

Old Republic International Company Profile (Free Report)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.

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, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as President. A graduate of Villanova University, Mr. Hagerty brings over 20 years of extensive property underwriting and leadership experience, with a track record of building and leading underwriting teams grounded in technical expertise, portfolio management, and long-term profitability.

In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted that, "Property insurance is a core line that aligns well with Old Republic's long-standing strategy and focus on diversified growth in Specialty Insurance. Patrick's leadership experience, underwriting discipline, and cultural fit, together with Old Republic's brand, resources, and financial strength, position Old Republic Property to build a high-quality specialty franchise over time."

Old Republic Property is the seventh new specialty operating company that Old Republic has launched since 2021, adding further diversification, depth, and underwriting talent to the Old Republic Specialty Insurance Group.

About Old Republic

Old Republic is a leading specialty insurer that operates a diverse group of property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy: President and Chief Executive Officer

Investors: Joe Calabrese/[email protected]

SOURCE Old Republic International Corporation

, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced the launch of Lodestar Claims & Risk Services, Inc. ("Lodestar") as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization's third-party administrator (TPA) business will operate with its own distinct identity in the marketplace. Previously part of PMA Companies, the business operated as the insurance carrier's TPA division.

Lodestar is a top 10 national TPA providing claims administration and risk services to middle-market and large employers, national carriers, and distribution partners across all 50 states. The transition reflects a strategic decision by Old Republic to position its TPA business for continued growth and expanded market visibility, while enabling Lodestar to further strengthen its role as a national provider of claims and risk services and deepen relationships with clients.

"This step reflects Old Republic's commitment to positioning its operating companies for long-term success," said Craig Smiddy, Chief Executive Officer of Old Republic. "Establishing Lodestar as a standalone brand strengthens its ability to grow as a national TPA while continuing to deliver consistent, high-quality service to clients."

"As Lodestar, we have the opportunity to more clearly define our role in the marketplace while continuing to deliver the claims expertise and service our clients rely on," said Michael MacAulay, President of Lodestar Claims & Risk Services, Inc. "Operating as a standalone organization allows us to build on more than three decades of experience and reinforces our focus on helping clients navigate complex claims and risk challenges."

Lodestar's operations, leadership team, and service model remain unchanged. Clients and partners will continue working with the same claims professionals and teams they rely on today.

About Old Republic

Old Republic is a leading specialty insurer that operates a diverse group of property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy: President and Chief Executive Officer

Investors: Joe Calabrese/[email protected]

SOURCE Old Republic International Corporation

, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported the following results for the first quarter 2026:

Net income of $330.0 million, compared to $245.0 million last year. Net income excluding investment gains (net operating income) of $170.5 million, compared to $201.7 million last year. Net operating income per diluted share of $0.68, compared to $0.81 last year. Consolidated net premiums and fees earned of $1.97 billion, compared to nearly $1.85 billion last year. Net investment income of $178.0 million, compared to $170.7 million last year. Consolidated combined ratio of 96.6%, compared to 93.7% last year. Favorable loss reserve development of 1.5 points, compared to 2.6 points last year. Book value per share of $24.53, inclusive of dividends declared, up 2.6% since year-end 2025. Annualized operating return on equity of 11.5%. Total capital returned to shareholders of $237.5 million. Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated.

OVERALL RESULTS ATTRIBUTABLE TO SHAREHOLDERS

Quarters Ended March 31,

2026

2025

% Change

Net income

$  330.0

$  245.0

Net of tax investment gains

159.4

43.2

Net income excluding investment gains

$  170.5

$  201.7

(15.4) %

Combined ratio

96.6 %

93.7 %

PER DILUTED SHARE ATTRIBUTABLE TO SHAREHOLDERS

Quarters Ended March 31,

2026

2025

% Change

Net income

$   1.32

$   0.98

Net of tax investment gains

0.64

0.17

Net income excluding investment gains

$   0.68

$   0.81

(15.4) %

SHAREHOLDERS' EQUITY (BOOK VALUE)

Mar. 31,

Dec. 31,

2026

2025

% Change

Total

$ 5,911.9

$ 5,914.0

— %

Per common share

$  24.53

$  24.21

1.3 %

Old Republic's business is managed for the long run. In this context, management's key objectives are to achieve highly profitable operating results over the long term, and to ensure balance sheet strength for the Company's obligations. Although Generally Accepted Accounting Principles (GAAP) uses net income as the measure of total profitability, management uses net income excluding net investment gains (losses) (net operating income), a non-GAAP financial measure, in its evaluation of periodic and long-term results.

In management's opinion, excluding investment gains (losses) from income provides a better way to analyze, evaluate, and establish accountability for the results of the insurance operations. The inclusion of realized investment gains (losses) in net income can mask trends in operating results because such realizations are often highly discretionary. Similarly, the inclusion of unrealized investment gains (losses) in equity securities can further distort such operating results with significant period-to-period fluctuations that are unrelated to the insurance operations. Net operating income, however, does not replace GAAP net income as a measure of total profitability.

FINANCIAL HIGHLIGHTS

Quarters Ended March 31,

SUMMARY INCOME STATEMENTS:

2026

2025

% Change

Revenues:

Net premiums and fees earned

$  1,972.2

$  1,841.0

7.1 %

Net investment income

178.0

170.7

4.3

Other income

47.3

47.2

0.2

Total operating revenues

2,197.6

2,059.0

6.7

Net investment gains:

Realized from actual transactions and impairments

85.3

37.4

Unrealized from changes in fair value of equity securities

116.4

17.6

Total net investment gains

201.8

55.0

Total revenues

2,399.4

2,114.0

Operating expenses:

Loss and loss adjustment expenses

840.2

777.7

8.0

Underwriting, acquisition, and other expenses

1,128.0

1,010.7

11.6

Interest and other charges

17.7

17.8

(0.5)

Total expenses

1,986.0

1,806.3

10.0 %

Pretax income

413.4

307.7

Income taxes

83.8

61.6

Total net income

329.5

246.1

Net income (loss) attributable to noncontrolling interests

(0.5)

1.1

Net income attributable to shareholders

$    330.0

$    245.0

COMMON STOCK STATISTICS:

Components of net income per share:

Basic net income excluding investment gains

$     0.70

$     0.83

(15.1) %

Net investment gains:

Realized investment gains

0.28

0.12

Unrealized from changes in fair value of equity securities

0.38

0.06

Basic net income

$     1.36

$     1.01

Diluted net income excluding investment gains

$     0.68

$     0.81

(15.4) %

Net investment gains:

Realized investment gains

0.27

0.12

Unrealized from changes in fair value of equity securities

0.37

0.05

Diluted net income

$     1.32

$     0.98

Dividends declared on common stock

$    0.315

$    0.290

8.6 %

The information presented in the following table highlights the most meaningful indicators of Old Republic's segmented and consolidated financial performance. The information underscores the performance of the Company's operating companies, as well as the sound investment of their capital and underwriting cash flows.

Sources of Consolidated Income

Quarters Ended March 31,

2026

2025

% Change

Net premiums and fees earned:

Specialty Insurance

$ 1,291.8

$ 1,233.6

4.7 %

Title Insurance

677.8

605.1

12.0

Corporate & Other

2.4

2.2

7.6

Consolidated

$ 1,972.2

$ 1,841.0

7.1 %

Underwriting income (loss): (a)

Specialty Insurance

$    67.2

$   126.1

(46.7) %

Title Insurance

(0.5)

(12.2)

95.2

Corporate & Other

(15.4)

(14.0)

(9.4)

Consolidated

$    51.2

$    99.8

(48.7) %

Net investment income:

Specialty Insurance

$   158.1

$   150.0

5.4 %

Title Insurance

17.4

16.7

4.4

Corporate & Other

2.4

3.9

(38.1)

Consolidated

$   178.0

$   170.7

4.3 %

Interest and other charges:

Specialty Insurance

$    16.2

$    16.0

Title Insurance

0.1

0.1

Corporate & Other (b)

1.3

1.6

Consolidated

$    17.7

$    17.8

(0.5) %

Pretax income (loss) excluding investment gains:

Specialty Insurance

$   209.0

$   260.1

(19.6) %

Title Insurance

16.7

4.3

284.5

Corporate & Other

(14.3)

(11.8)

(21.1)

Consolidated

211.5

252.7

(16.3) %

Income taxes

41.4

49.8

Net income excluding investment gains

170.0

202.8

(16.2) %

Consolidated pretax investment gains:

Realized from actual transactions and impairments

85.3

37.4

Unrealized from changes in fair value of equity securities

116.4

17.6

Total

201.8

55.0

Income taxes

42.4

11.7

Net of tax investment gains

159.4

43.2

 Total net income

329.5

246.1

Net income (loss) attributable to noncontrolling interests

(0.5)

1.1

Net income attributable to shareholders

$   330.0

$   245.0

(a) Includes related services.
(b) Includes consolidation/elimination entries.

Specialty Insurance Segment Operating Results

Quarters Ended March 31,

2026

2025

% Change

Revenues:

Net premiums written

$ 1,315.3

$ 1,272.0

3.4 %

Net premiums earned

1,291.8

1,233.6

4.7

Other income

47.1

47.1

0.2

Expenses:

Loss and loss adjustment expenses

821.9

761.0

8.0

Underwriting, acquisition, and other expenses

449.9

393.5

14.3

Segment underwriting income

67.2

126.1

(46.7)

Add: Net investment income

158.1

150.0

5.4

Less: Interest and other charges

16.2

16.0

1.7

Segment pretax operating income

$   209.0

$   260.1

(19.6) %

Loss ratio:

Current year

65.2 %

65.0 %

Prior years

(1.6)

(3.3)

Total

63.6

61.7

Expense ratio

31.2

28.1

Combined ratio

94.8 %

89.8 %

Specialty Insurance net premiums earned increased 4.7%. Growth was driven by a combination of premium rate increases and new business production, including an increasing contribution from new operating companies, partially offset by a decline in renewal retention ratios. Retention ratios were affected by the continued prioritization of rate, in particular within commercial auto and general liability lines where significant rate increases were achieved. Premium growth was most pronounced within commercial auto, property, accident & health, and general liability coverages while the most notable decline came from Canadian travel accident and trucking.

The net investment income increase was driven by a higher invested asset base, along with higher investment yields earned.

The Specialty Insurance loss ratio is higher due to lower levels of favorable prior year loss reserve development while the current year loss ratio remained consistent. Favorable prior year development came predominately from commercial auto, workers' compensation, and property, partially offset by modest unfavorable development in general liability. The expense ratio is elevated due to continued investments in start-up operating companies which are not at scale, information technology modernization, data analytics, and artificial intelligence, including the additional personnel costs to manage all of these key initiatives. Several of the information technology modernization efforts are entering a phase in which costs are being amortized while the systems being replaced are not yet decommissioned.

Together, these factors produced a profitable combined ratio and strong pretax operating income. For Specialty Insurance, combined ratios between 90% and 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range, particularly with long-tailed lines of coverage.

Old Republic's previously announced proposed acquisition of Everett Cash Mutual Insurance Co. (ECM) and affiliated companies following its conversion to a stock company in a sponsored demutualization transaction has received regulatory approval, and is expected to close early in the third quarter 2026 upon receipt of policyholder approval and completion of all customary and regulatory closing conditions. Upon closing, ECM will be reported within the Specialty Insurance segment operating results.

Title Insurance Segment Operating Results

Quarters Ended March 31,

2026

2025

% Change

Revenues:

Net premiums earned

$   618.9

$   546.9

13.2 %

Title, escrow, and other fees

58.9

58.1

1.3

Net premiums and fees earned

677.8

605.1

12.0

Other income

0.1

0.1

   N/M

Expenses:

Loss and loss adjustment expenses

17.4

16.0

8.7

Underwriting, acquisition, and other expenses

661.1

601.4

9.9

Segment underwriting loss

(0.5)

(12.2)

95.2

Add: Net investment income

17.4

16.7

4.4

Less: Interest and other charges

0.1

0.1

   N/M

Segment pretax operating income

$     16.7

$       4.3

284.5 %

Loss ratio:

Current year

3.7 %

3.5 %

Prior years

(1.1)

(0.8)

Total

2.6

2.7

Expense ratio

97.5

99.4

Combined ratio

100.1 %

102.1 %

Title Insurance net premiums and fees earned increased 12.0% for the quarter. Both agency and directly produced premiums experienced solid growth and strong commercial business production. Commercial premiums represented 27% of net premiums earned compared to 24% in the first quarter of last year. Title, escrow, and other fees were up slightly, as the decrease in fees from the sale of certain technology platforms in the first quarter 2025 was offset by growth in escrow and closing service fees.

Net investment income increased primarily due to higher investment yields earned on a slightly higher invested asset base.

The Title Insurance loss ratio remained consistent with last year, reflecting a higher level of favorable prior year loss reserve development offset by slightly higher current year losses. The expense ratio continues to benefit from expense management and scale, partially offset by a higher amount of agent commissions primarily due to greater amounts of agency business compared to the direct operation.

Together, these factors produced higher pretax operating income. For Title Insurance, combined ratios between 90% to 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range. Although Title Insurance has been navigating a difficult real estate environment over the last few years resulting in ratios in excess of this range, they continue to strive to come into range in the near term.

Corporate & Other Operating Results

Quarters Ended March 31,

2026

2025

% Change

Net premiums earned

$         2.4

$         2.2

7.6 %

Net investment income (a)

2.4

3.9

(38.1)

Operating revenues

4.8

6.2

(21.5)

Operating expenses

19.1

18.0

6.4

Corporate & Other pretax operating loss

$      (14.3)

$      (11.8)

(21.1) %

(a) Net of elimination entries.

Corporate & Other includes a small life and accident insurance business, the parent holding company, and several internal corporate services subsidiaries. Net investment income was impacted by a lower invested asset base due to the return of capital to shareholders, including the January 2026 special dividend payment.

Consolidated Balance Sheets

March 31,

December 31,

2026

2025

Assets:

Fixed income securities (at fair value)

$         12,802.6

$         12,709.8

Equity securities (at fair value)

2,527.7

2,487.7

Short-term investments (at fair value which approximates cost)

1,044.9

1,613.6

Other investments

18.2

27.7

Cash

202.1

263.2

Accrued investment income

129.9

141.1

Accounts and notes receivable

2,783.3

2,782.2

Reinsurance balances and funds held

403.0

404.5

Reinsurance recoverable

7,942.8

7,740.2

Deferred policy acquisition costs

659.1

636.2

Other assets

1,081.9

1,055.9

Total assets

$         29,596.0

$         29,862.7

Liabilities and Equity:

Loss and loss adjustment expense reserves

$         14,954.8

$         14,775.7

Unearned premiums

4,099.5

3,982.5

Other policyholders' benefits and funds held

176.6

177.8

Commissions, expenses, fees, and taxes

553.2

601.8

Reinsurance balances and funds held

1,440.8

1,428.0

Federal income tax: Deferred

210.6

219.3

Debt

1,590.2

1,589.9

Other liabilities

644.6

1,158.7

Total liabilities

23,670.5

23,934.2

Total shareholders' equity

5,911.9

5,914.0

Noncontrolling interests

13.4

14.4

Total equity

5,925.4

5,928.4

Total liabilities and equity

$         29,596.0

$         29,862.7

Investments

As of March 31, 2026, the consolidated investment portfolio reflected an allocation of approximately 85% to fixed income securities (bonds and notes) and short-term investments, and 15% to equity securities (common and preferred stocks). The investment management process remains focused on retaining quality investments that produce consistent streams of investment income, while monitoring concentration limits among the operating companies. The fixed income portfolio continues to be the anchor for the operating companies' obligations. The maturities of the fixed income securities are generally matched to the expected liabilities for claim payment obligations to policyholders and their beneficiaries. The equity portfolio consists of high-quality common stocks of U.S. companies with long-term records of reasonable earnings growth and steadily increasing dividends.

Old Republic's investment portfolio is focused on ensuring solid funding of the operating companies' obligations to policyholders and their beneficiaries, as well as the long-term stability of the subsidiaries' capital base. For these reasons, the investment portfolio has extremely limited exposure to high risk or illiquid asset classes such as limited partnerships, derivatives, hedge funds or private equity investments. In addition, the Company does not engage in hedging or securities lending transactions, nor does it invest in securities with values predicated on non-regulated financial instruments with unfunded counter-party risk attributes. Old Republic performs regular stress tests of the investment portfolio to gain reasonable assurance that periodic downdrafts in market prices do not undermine the Company's financial strength.

Shareholders' Equity Per Share

Changes in shareholders' equity per share are reflected in the following table. These changes resulted mostly from net operating income, realized and unrealized investment gains (losses), and dividends to shareholders declared during the year.

Quarters Ended Mar. 31,

2026

2025

Beginning balance

$       24.21

$       22.84

Changes in shareholders' equity:

Net income excluding net investment gains

0.70

0.83

Net of tax realized investment gains

0.28

0.12

Net of tax unrealized investment gains (losses):

Fixed income securities

(0.47)

0.46

Equity securities

0.38

0.06

Total net of tax realized and unrealized investment gains

0.19

0.64

Dividends declared

(0.315)

(0.290)

Other – net

(0.26)

0.17

Net change

0.32

1.35

Ending balance

$       24.53

$       24.19

Change for the period

1.3 %

5.9 %

Change for the period, inclusive of dividends declared

2.6 %

7.2 %

Total capital returned to shareholders during the quarter was $237.5, comprised of $76.7 in dividends and $160.7 in share repurchases.

Financial Supplement

A financial supplement to this news release is available on the Company's website: www.oldrepublic.com

Conference Call Information

Old Republic has scheduled a conference call at 3:00 p.m. ET (2:00 p.m. CT) today to discuss its first quarter 2026 performance and to review major operating trends and business developments. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-800-715-9871, passcode 8649152. Interested parties may also listen to a replay of the call through April 30, 2026 by dialing 1-800-770-2030, passcode 8649152, or by accessing it on Old Republic's  website.

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

Forward-Looking Statements

Some of the oral or written statements made in the Company's reports, press releases, and conference calls following earnings releases, can constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include words such as "expect," "predict," "estimate," "will," "should," "anticipate," "believe," and similar expressions. Any such forward-looking statements involve assumptions, uncertainties, and risks that may affect the Company's future performance.

Historical data pertaining to the operating results, liquidity, and other performance indicators applicable to an insurance enterprise such as Old Republic are not necessarily indicative of results to be achieved in succeeding years. In addition to the factors cited below, the long-term nature of the insurance business, seasonal and annual patterns in premium production and incidence of claims, changes in yields obtained on invested assets, changes in government policies and free markets affecting inflation rates and general economic conditions, and changes in legal precedents or the application of law affecting the settlement of disputed and other claims can have a bearing on period-to-period comparisons and future operating results.

Old Republic's Specialty Insurance segment results can be affected by the level of market competition, which is typically a function of available capital and expected returns on such capital among competitors; general economic considerations, including the levels of investment yields, inflation rates, and the impacts of tariffs; periodic changes in claim frequency and severity patterns caused by natural disasters, weather conditions, accidents, illnesses, and work-related injuries; claims development and the impact on loss reserves; adequacy and availability of reinsurance; uncertainties in underwriting and pricing risks; and unanticipated external events. Old Republic's Title Insurance segment results can be affected by similar factors, and by changes in national and regional housing demand and values, the availability and cost of mortgage loans, and employment trends. Life and accident insurance earnings can be affected by the levels of employment and consumer spending, changes in mortality and health trends, and alterations in policy lapsation rates. At the parent holding company level, operating earnings or losses are generally reflective of the amount of debt outstanding and its cost, interest income, the levels of investments held, and period-to-period variations in the costs of administering the Company's widespread operations. In addition, results could be particularly affected by technology and security breaches or failures, including cybersecurity incidents.

A more detailed listing and discussion of the risks and other factors which affect the Company's risk-taking insurance business are included in Part I, Item 1A - Risk Factors, of the Company's 2025 Form 10-K, and the various risks, uncertainties, and other factors that are included from time to time in other Securities and Exchange Commission filings.

Any forward-looking statements or commentaries speak only as of their dates. Old Republic undertakes no obligation to publicly update or revise any and all such comments, whether as a result of new information, future events or otherwise, and accordingly they may not be unduly relied upon.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy, President and Chief Executive Officer

Analysts/Investors: Joe Calabrese/[email protected]

SOURCE Old Republic International Corporation

Old Republic International (ORI - Free Report) reported $2.2 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 6.7%. EPS of $0.68 for the same period compares to $0.81 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.27 billion, representing a surprise of -3.18%. The company delivered an EPS surprise of -13.38%, with the consensus EPS estimate being $0.79.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Old Republic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Specialty Insurance Segment - Loss Ratio: 63.6% compared to the 63.5% average estimate based on two analysts.Specialty Insurance Segment - Expense Ratio: 31.2% versus 28.5% estimated by two analysts on average.Title Insurance Segment - Combined Ratio: 100.1% versus the two-analyst average estimate of 100.7%.Title Insurance Segment - Loss Ratio: 2.6% compared to the 2.5% average estimate based on two analysts.Operating Revenue- Specialty Insurance Segment- Net premiums earned: $1.29 billion versus $1.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.Operating Revenue- Specialty Insurance Segment- Net investment income: $158.1 million versus $158.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.Operating Revenue- Specialty Insurance Segment- Other income: $47.1 million versus $48.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Operating Revenue- Corporate & Other: $4.8 million compared to the $6.25 million average estimate based on two analysts. The reported number represents a change of -22.6% year over year.Operating Revenue- Title Insurance Segment- Net investment income: $17.4 million versus the two-analyst average estimate of $18.04 million. The reported number represents a year-over-year change of +4.2%.Operating Revenue- Specialty Insurance Segment: $1.5 billion versus the two-analyst average estimate of $1.58 billion. The reported number represents a year-over-year change of +4.6%.Operating Revenue- Title Insurance Segment: $695.2 million versus the two-analyst average estimate of $685.85 million. The reported number represents a year-over-year change of +11.8%.Operating Revenue- Title Insurance Segment- Net premiums earned: $618.9 million versus the two-analyst average estimate of $667.76 million. The reported number represents a year-over-year change of +2.3%.View all Key Company Metrics for Old Republic here>>>

Shares of Old Republic have returned +6.9% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced a brand refresh that highlights the specialty expertise and collective strength of its operating companies. The refresh introduces a modernized corporate logo and an expanded visual system that enhances consistency and clarity with customers and distribution partners. These updates are incorporated into its website at www.oldrepublic.com, highlighting the breadth of Old Republic's operating companies and the specialty expertise each brings to its respective market.

As part of the update, operating companies will adopt Old Republic's modernized logo and visual changes.  In addition, several operating companies will adopt updated brand names that reflect their identities while emphasizing their shared connection within Old Republic's decentralized environment.  These include:

Old Republic Commercial Risk, formerly known as PMA Companies Old Republic Bitco, formerly known as BITCO Insurance Companies Great West, An Old Republic Company, formerly known as Great West Casualty Company Old Republic Alternative Markets, formerly known as Old Republic Specialty Insurance Underwriters Old Republic Home Warranty, formerly known as Old Republic Home Protection Old Republic Auto Warranty, formerly known as Old Republic Insured Automotive Services Implementation will roll out throughout the year, including updates to marketing materials, digital properties, signage, business correspondence, and certain legal entity names.

None of the newly announced changes will affect the insurance companies listed on policies, which will retain their existing insurance company names.

Old Republic's refreshed brand will be officially launched at RISKWORLD, sponsored by RIMS, running May 3-6 in Philadelphia. At this key industry event, and throughout the 2026 rollout, Old Republic will highlight its unique collection of specialty operating companies brought together under a common brand identity that reinforces our collective strength.

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500®, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies offer significant expertise in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy: President and Chief Executive Officer

Investors: Joe Calabrese/[email protected]

SOURCE Old Republic International Corporation

OLD REPUBLIC DECLARES SECOND QUARTER REGULAR DIVIDEND OF 31.5 CENTS PER SHARE PR Newswire CHICAGO, May 15, 2026

Dividend Power strategy targets 35 high-yield, low-valuation stocks, with six 'safer' picks showing free cash flow yields exceeding dividend yields. Top ten Dividend Power stocks project average net gains of 50.29% by June 2027, with analyst targets supporting substantial upside potential. Nine of the top ten yielding names are financials, with MFA Financial, Invesco Mortgage Capital, and Chicago Atlantic Real Estate among the highest projected returns.

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The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.

HII is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.49; value investors should take notice.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.04 to $17.29 per share. HII boasts an average earnings surprise of +10.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, HII should be on investors' short list.

When President Donald Trump first proposed that the U.S. Navy build a fleet of battleships, military analysts were skeptical. Although optimists predicted U.S. contractors might be able to build the lead ship of the class, USS Defiant, for as little as $9 billion, the defense and security experts at Janes thought $14 billion was more likely.

Turns out, they were both wrong -- Defiant will cost $17 billion.

And building 15 Defiant-class warships might cost U.S. taxpayers an incredible $255 billion.

Image source: U.S. Navy.

Military math Actually, that's probably an overstatement, albeit an easy mistake to make. Working off defense analyst reports that the first Defiant would cost $17 billion, media outlets such as MSN.com consulted their calculators last week and concluded that 15 times $17 billion equals the entire fleet costing $255 billion.

It's not quite that simple.

According to the Department of Defense's fiscal year 2027 budget estimates, the U.S. Navy has requested $1 billion in fiscal 2027 to fund long-lead equipment acquisition needed to build the first Defiant-class vessel. Similar long-lead equipment purchases for the second and third vessels will total $2.5 billion, running from fiscal 2028 through 2031.

Those are just the down payments, however. A further $16.5 billion must be spent to complete the first Defiant-class warship in fiscal 2028, followed by $12.5 billion for the second (in 2030) and $11 billion for the third (in 2031).

Thus, the total money spent to build the first three Golden Battleships comes to $43.5 billion, or approximately $14.5 billion per battleship -- roughly the same amount it costs to build a Ford-class aircraft carrier -- and as more ships are built at prices below that of the very first ship, the average cost should slowly drift lower.

What it means for investors Best case, we're still probably talking about more than $200 billion in total spending to build a fleet of 15 nuclear battleships. (Did I not mention that? In an evolution of earlier plans, it appears the Navy has shifted its wish list and now wants the Defiant-class battleships to run on uranium rather than diesel.)

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$200 billion is still a lot of money, though. Plus, if you're an investor in either General Dynamics (GD +0.32%) or Huntington Ingalls (HII 0.95%), the two big defense contractors most likely to win battleship contracts, it's worth keeping in mind that purchase cost is just the start of the revenue opportunity. Defiant-class battleships may ultimately cost more to maintain and upgrade over their lifespans than it costs to buy them in the first place.

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At the same time, so long as these companies stick to the budgets the Navy gives them, the fact that a battleship will cost no more than an aircraft carrier and that costs will fall over time should give this weapons program a fighting chance of surviving Congress long enough for the fleet to be built.

With both General Dynamics and Huntington Ingalls trading around 21 times earnings and facing a big revenue opportunity ahead of them, it may be time to give these two defense stocks a closer look.

May 21, 2026 09:00 ET  | Source: HII

NEWPORT NEWS, Va., May 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will participate in Bernstein’s Strategic Decisions Conference on May 28. A conversation with HII President and Chief Executive Officer Chris Kastner will begin at 9 a.m. Eastern time and will be webcast on ir.hii.com.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Christie Thomas (Investors)
[email protected]
757-380-2104