Insurance conglomerate Old Republic International (NYSE: ORI) will be reporting earnings this Thursday morning. Here’s what investors should know.

Old Republic International met analysts’ revenue expectations last quarter, reporting revenues of $2.21 billion, up 18% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ book value per share estimates and a solid beat of analysts’ net premiums earned estimates.

Is Old Republic International a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Old Republic International’s revenue to decline 2.8% year on year to $2.28 billion, a reversal from the 33% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.76 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Old Republic International has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Old Republic International’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RLI delivered year-on-year revenue growth of 8.4%, beating analysts’ expectations by 12.4%, and Travelers reported revenues up 5%, topping estimates by 0.9%. RLI traded up 2.8% following the results while Travelers was down 2.7%.

Read our full analysis of RLI’s results here and Travelers’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. Old Republic International is up 2.5% during the same time and is heading into earnings with an average analyst price target of $47 (compared to the current share price of $41.97).

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