Old Republic International Corporation, through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada. The company operates in two segments, Specialty Insurance and Title Insurance. The Specialty Insurance segment offers accident and health, aviation, commercial auto, commercial multi-peril, commercial property, excess and surplus, general liability, home and auto warranty, inland marine, travel accident, and …
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Competitive advantage assessment
Key risks
Deteriorating Expense DisciplineEfficiency trend is deteriorating (score 0.14), with operating margin on a downward path.
Revenue Concentration RiskRevenue stability is low (score 0.25), suggesting limited diversification across risk segments.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Where ORI ranks in Insurance - Property & Casualty
Old Republic International Corp ranks #25 of 44
scored companies in Insurance - Property & Casualty by moat score — the top 57%.
The widest moat in the group is Palomar Holdings, Inc. (PLMR)
at 76/100.
Moat scores for companies ranked near ORI in Insurance - Property & Casualty
How ORI scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 62
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 46
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 50
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 54
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 32
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 34
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
What is Old Republic International Corp's moat score?
Old Republic International Corp (ORI) scores 50 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #25 of 44 scored companies in Insurance - Property & Casualty, the top 57%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 45 companies in Insurance - Property & Casualty. Its strongest defense is Underwriting Discipline (62/100) and its weakest is Operational Efficiency (32/100).
How does Old Republic International Corp compare with other Insurance - Property & Casualty companies?
Old Republic International Corp ranks #25 of 44 scored companies in Insurance - Property & Casualty by moat score. The widest moat in Insurance - Property & Casualty is Palomar Holdings, Inc. (PLMR) at 76/100. The companies ranked closest are RLI Corp. (RLI) at 50 just above it and Skyward Specialty Insurance Gro (SKWD) at 48 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 45 companies in Insurance - Property & Casualty. The defenses are then weighted to produce the overall score out of 100.
Why is Old Republic International Corp scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for Old Republic International Corp?
The Insurance & Reinsurance template measures 6 defenses, and ORI scores: Underwriting Discipline (62), Float Investment Quality (46), Pricing Power (50), Capital Strength & Solvency (54), Operational Efficiency (32), Scale & Diversification (34). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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