Old Republic International's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Old Republic International (ORI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Old Republic International vs Its Competitors
- TTM: Trailing 12-month revenue of 9,717M vs 869,093M combined for tracked competitors (1.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.1% annualized vs trailing 12 months), vs accelerating (+4.0%) for its tracked peer group.
- Growth: Old Republic International generated 13.4% revenue growth year over year in Q2 2026, vs 8.4% for its tracked competitors combined.
- Profitability: Its 13.0% net margin compares with 18.9% for the peer group.
- Scale: Old Republic International ranks #18 of 65 companies by market capitalization in the Property & Casualty Insurance industry, holding 0.5% of industry market cap.
- Peer revenue share: Old Republic International accounted for 1.1% of combined revenue among its tracked peer group, up from 1.1% a year earlier.
- Peer differentiation: Revenue per employee of $1.02M compares with $1.14M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ORI Sales vs. its Competitors, Q2 2026
Old Republic International reported revenue growth of 13.37 % year on year in Q2 2026, above its competitors' combined revenue growth of 8.39 %.
With a net margin of 12.96 %, Old Republic International reported lower profitability than its competitors (18.92 %).
Old Republic International generated 1.10 % of the combined sales of its peer group, up from 1.05 % a year earlier.
Old Republic International vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Old Republic International and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Old Republic International Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Old Republic International's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 5.6% year over year, combined, vs 13.4% for Old Republic International. Old Republic International's share of combined industry revenue moved from 0.85% to 0.91%, a gain of 0.06 percentage points.
Old Republic International's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Old Republic International Corporation | Yes | Yes | Yes | No |
| Competitors combined (45) | ||||
| High-Confidence Competitors (4) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ORI Stock Performance relative to its Competitors
ORI Stock Performance relative to High-Confidence Competitors
ORI Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | United Fire Group Inc | 282.9% | Outperformed |
| 2 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 3 | Safety Insurance Group Inc | 282.9% | Outperformed |
| 4 | Heritage Insurance Holdings Inc | 282.9% | Outperformed |
| 5 | Kingstone Companies Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Old Republic International's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Old Republic International's Comment on Competition and Industry Peers
Publicly Traded Peers of Old Republic International Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Old Republic International Corporation | 9,363.03 | 9,716.90 |
| Progressive Corp | 122,372.37 | 91,055.00 |
| Travelers Companies inc | 77,570.98 | 48,979.00 |
| Metlife Inc | 61,985.96 | 79,403.00 |
| Allstate Corp | 58,958.21 | 70,137.00 |
| American International Group Inc | 38,833.55 | 26,636.00 |
| SUBTOTAL | 644,853.24 | 920,402.86 |
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Sources: Old Republic International Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Old Republic International Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Old Republic International's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Essent Group Ltd | Named by the company | 85% |
| Hg Holdings Inc | Named by the company | 85% |
| First American Financial Corporation | Named by the company | 85% |
| Fidelity National Financial Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Old Republic International's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Old Republic International's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Old Republic International Corporation | Specialty Insurance Group 52.87 % |
| Travelers Companies inc | Business Insurance 45.68 % |
| Metlife Inc | Group Benefits 36.13 % |
| Allstate Corp | Allstate Protection 87.37 % |
| American International Group Inc | North America Operating 30.08 % |
| The Hartford Insurance Group Inc | P&C Business Insurance 55.32 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Old Republic International's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Old Republic International Corporation | 9,363 | 1,022,832 | 120,137 |
| Progressive Corp | 122,372 | 1,821,100 | 233,900 |
| Travelers Companies inc | 77,571 | 1,440,559 | 243,765 |
| Metlife Inc | 61,986 | 1,726,152 | 79,543 |
| Allstate Corp | 58,958 | 1,308,526 | 248,134 |
| American International Group Inc | 38,834 | 1,205,249 | 134,208 |
| PEERS TOTAL | 635,490 | 1,136,291 | 193,669 |
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Old Republic International's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Brown and Brown Inc | US 86.46 % |
| Ncr Atleos Corporation | United States 47.84 % |
| Stewart Information Services Corp | United States 95.32 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Old Republic International's Position in Industry Market Structure
Market-capitalization share and concentration across all 65 companies in Old Republic International's industry classification, broader than the peer set above. Market cap in millions of $.Old Republic International ranks #18 of 65 companies by market capitalization in its industry, holding 0.50 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,582, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 130,703 | 7.02 % |
| 3 | Progressive Corp | 119,954 | 6.44 % |
| 4 | Travelers Companies inc | 77,434 | 4.16 % |
| 5 | Allstate Corp | 58,813 | 3.16 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 8 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 18 | Old Republic International Corporation | 9,272 | 0.50 % |
Market cap and industry share for the rest of Old Republic International's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Old Republic International's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 13 | Everest Group Ltd | 14,343 | 8.40 % |
| 14 | Renaissancere Holdings Ltd | 13,590 | 32.56 % |
| 15 | Assurant Inc | 13,140 | 23.47 % |
| 16 | Cna Financial Corporation | 13,014 | 5.48 % |
| 17 | American Financial Group Inc | 1,234 | 12.3% |
| 18 | Old Republic International Corporation | 9,272 | 2.30 % |
| 19 | Hanover Insurance Group Inc | 1,234 | 12.3% |
| 20 | Kinsale Capital Group Inc | 1,234 | 12.3% |
| 21 | Axis Capital Holdings Limited | 1,234 | 12.3% |
| 22 | Mgic Investment Corp | 1,234 | 12.3% |
| 23 | Essent Group Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Old Republic International's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Old Republic International's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (75 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 73.10 % | 49.36 % (avg) | +23.7 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 14.82 % | 13.82 % (avg) | +1.0 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 0.95 % (avg) | -0.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Old Republic International's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (75 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 8.7x | 13.2x | -4.5x |
| EV / EBITDA | -2.0x | 6.2x | -8.2x |
| P/B | 1.6x | 1.9x | -0.3x |
| Return on Equity | 18.72 % | industry aggregate | 4.03 % |
| Return on Invested Capital | - | 5.86 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Old Republic International's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.15 % | -3.85 % | 19.79 % | 44.04 % | -13.47 % | -10.21 % | 13.41 % | 10.99 % |
| Operating Margin | 24.96 % | -0.04 % | 31.03 % | 35.11 % | 24.61 % | 7.49 % | 26.10 % | 26.25 % |
| Return on Invested Capital | 6.64 % | -0.01 % | 8.54 % | 14.38 % | 6.34 % | 1.69 % | 6.33 % | 6.76 % |
| P/E | 10.9x | 9.4x | 3.9x | 5.0x | 10.6x | 13.8x | 9.8x | 11.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Old Republic International's BCG Growth-Share Matrix
Relative market share (vs Old Republic International's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Old Republic International falls in the Dog quadrant: relative market share of 0.07x vs its largest competitor, in an industry growing revenue 5.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Old Republic International's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,582 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 0.95 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Old Republic International's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Old Republic International's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Old Republic International's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Old Republic International falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Old Republic International's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+3.1% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.07x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Old Republic International's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Old Republic International Corporation | 0.03 | 1.59 | 0.29 |
| Progressive Corp | 0.06 | 1.06 | 0.23 |
| Travelers Companies inc | 0.01 | 1.08 | 0.28 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Allstate Corp | 0.02 | 0.15 | 0.25 |
| American International Group Inc | 0.04 | 1.44 | 0.17 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Old Republic International's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Old Republic International Corporation | Q2 2026 | +13.4 % | +55.7 % |
| Progressive Corp | Q2 2026 | +7.3 % | +4.3 % |
| Travelers Companies inc | Q2 2026 | +0.3 % | +45.3 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Allstate Corp | Q2 2026 | +11.8 % | +55.8 % |
| American International Group Inc | Q2 2026 | -0.1 % | -17.1 % |
| PEERS TOTAL | +8.2 % | +57.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Old Republic International's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Old Republic International Corporation | Q2 2026 | -99.5 % | - |
| Progressive Corp | Q2 2026 | +1,027.3 % | +35.3 % |
| Travelers Companies inc | Q2 2026 | -0.9 % | - |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Allstate Corp | Q2 2026 | +6.1 % | - |
| American International Group Inc | Q2 2026 | +6.3 % | - |
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Old Republic International's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Old Republic International Corporation | 3.76% | 4.31% | 18.72% |
| Progressive Corp | 9.51% | 11.22% | 35.40% |
| Travelers Companies inc | 5.78% | 10.84% | 25.58% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Allstate Corp | 10.88% | 16.50% | 43.12% |
| American International Group Inc | 1.83% | 2.10% | 7.26% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Old Republic International's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Old Republic International Corporation | 8.34 | 0.96 |
| Progressive Corp | 10.51 | 1.34 |
| Travelers Companies inc | 9.72 | 1.58 |
| Metlife Inc | 18.39 | 0.78 |
| Allstate Corp | 4.56 | 0.84 |
| American International Group Inc | 13.45 | 1.46 |
| PEERS AVERAGE | 4.12 | 0.70 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.