The multiline insurance industry is poised for growth, driven by factors like better pricing, prudent underwriting, and increased exposure to emerging risks. This article compares two leading multiline insurers, Assurant, Inc. (AIZ) and Old Republic International Corporation (ORI), highlighting Old Republic’s superior valuation, dividend yield, growth prospects, and leverage, making it a more attractive investment.
Old Republic International (NYSE: ORI) shares declined by 1.6% in premarket trading on Thursday after the insurer reported weaker-than-expected first-quarter results. The company’s net premiums and fees earned fell, while its combined ratio continued to rise. Non-GAAP earnings per share (EPS) came in at $0.67, beating the consensus estimate of $0.65. However, total operating revenue fell short of expectations at $1.85 billion, compared to the $1.94 billion consensus estimate. The combined ratio increased to 94.3% from 93.3% in the previous quarter.
