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Old Republic International (FRA:ORJ) EBIT : €891 Mil (TTM As of Mar. 2024)


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What is Old Republic International EBIT?

Old Republic International's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €382 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €891 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Old Republic International's annualized ROC % for the quarter that ended in Mar. 2024 was 5.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Old Republic International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.21%.


Old Republic International EBIT Historical Data

The historical data trend for Old Republic International's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Old Republic International EBIT Chart

Old Republic International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,226.16 601.79 1,750.80 872.35 750.01

Old Republic International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 248.54 200.85 75.24 232.83 381.89

Competitive Comparison of Old Republic International's EBIT

For the Insurance - Diversified subindustry, Old Republic International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Old Republic International's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Old Republic International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Old Republic International's EV-to-EBIT falls into.



Old Republic International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €891 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Old Republic International  (FRA:ORJ) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Old Republic International's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1527.568 * ( 1 - 20.54% )/( (23715.31585 + 24368.2056)/ 2 )
=1213.8055328/24041.760725
=5.05 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=24301.784 - 489.495 - ( 185.968 - 5% * 1779.897 )
=23715.31585

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=24899.156 - 497.72 - ( 125.948 - 5% * 1854.352 )
=24368.2056

Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Old Republic International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=890.804/9676.317
=9.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Old Republic International EBIT Related Terms

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Old Republic International (FRA:ORJ) Business Description

Traded in Other Exchanges
Address
307 North Michigan Avenue, Chicago, IL, USA, 60601
Old Republic International Corp offers a diverse range of specialized insurance products to individuals and institutions. It operates in three segments: General Insurance (property and liability insurance), Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off. General Insurance includes products such as Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Inland Marine, Travel Accident, Workers' Compensation, Financial Indemnity, and others. Title Insurance's business consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. Almost all of its revenue is generated from the United States.

Old Republic International (FRA:ORJ) Headlines

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