OLD REPUBLIC INTERNATIONAL CORP (ORI) — is the dividend affordable?
Fiscal year ending 2025-12-31 · sector Financials · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | 98.4% | The figure most screeners publish. |
Only one basis is shown, and that is the point. Operating and free cash flow swing with loan, deposit and reserve movements, so for a lender or insurer neither says anything about whether the dividend is affordable. Investment income is omitted for a second reason: insurers file it under the same tag a BDC uses, but it means investment income on float rather than the money that funds the distribution. Screeners that publish these for a bank are printing arithmetic, not information — and a wide gap between them is noise, not a finding.
Coverage rating 14 / 100 — Not covered. ? Peer standing 0/50Direction 4/30Stability 10/20
GAAP earnings payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 98.4% |
| 2024-12-31 | 94.4% |
| 2023-12-31 | 46.7% |
| 2022-12-31 | 85.0% |
| 2021-12-31 | 47.1% |
| 2020-12-31 | 98.4% |
Among the 48 financials companies here, only 0% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $3.66 ÷ diluted EPS $3.72
Where the figures came from
- 10-K filed 2026-02-26 · accession
0000074260-26-000008
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.