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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and OCTAVE SPECIALTY GROUP INC (OSG). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $40.2M, roughly 59.6× OCTAVE SPECIALTY GROUP INC). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs -73.8%, a 87.5% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 5.8%). Over the past eight quarters, OCTAVE SPECIALTY GROUP INC's revenue compounded faster (50.6% CAGR vs 13.2%).
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
Octave Specialty Group Inc. is a specialty insurance holding company that provides tailored property and casualty insurance products. Its core business focuses on excess and surplus lines, catering to commercial and individual clients across primary North American markets with customized risk coverage solutions.
ORI vs OSG — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $40.2M |
| Net Profit | $330.0M | $-29.7M |
| Gross Margin | — | — |
| Operating Margin | — | -76.7% |
| Net Margin | 13.8% | -73.8% |
| Revenue YoY | 6.7% | 5.8% |
| Net Profit YoY | 34.7% | -41.7% |
| EPS (diluted) | — | $-0.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $40.2M | ||
| Q3 25 | $2.4B | $36.1M | ||
| Q2 25 | $2.2B | $30.3M | ||
| Q1 25 | $2.1B | $36.8M | ||
| Q4 24 | $2.0B | $38.0M | ||
| Q3 24 | $2.3B | $23.1M | ||
| Q2 24 | $1.9B | $13.2M |
| Q1 26 | $330.0M | — | ||
| Q4 25 | $206.5M | $-29.7M | ||
| Q3 25 | $279.5M | $-112.6M | ||
| Q2 25 | $204.4M | $-72.7M | ||
| Q1 25 | $245.0M | $-44.7M | ||
| Q4 24 | $105.3M | $-20.9M | ||
| Q3 24 | $338.9M | $-27.5M | ||
| Q2 24 | $91.8M | $-750.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | -76.7% | ||
| Q3 25 | 14.6% | -89.0% | ||
| Q2 25 | 11.8% | -75.8% | ||
| Q1 25 | 14.6% | -41.1% | ||
| Q4 24 | — | -55.5% | ||
| Q3 24 | 18.2% | -90.0% | ||
| Q2 24 | 6.1% | -111.6% |
| Q1 26 | 13.8% | — | ||
| Q4 25 | 8.6% | -73.8% | ||
| Q3 25 | 11.5% | -312.3% | ||
| Q2 25 | 9.3% | -239.8% | ||
| Q1 25 | 11.6% | -121.7% | ||
| Q4 24 | 5.3% | -55.1% | ||
| Q3 24 | 14.5% | -119.2% | ||
| Q2 24 | 4.9% | -5.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $-0.82 | ||
| Q3 25 | $1.11 | $-2.35 | ||
| Q2 25 | $0.81 | $-1.54 | ||
| Q1 25 | $0.98 | $-1.22 | ||
| Q4 24 | $0.42 | $-11.75 | ||
| Q3 24 | $1.32 | $-0.63 | ||
| Q2 24 | $0.35 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $146.4M |
| Total DebtLower is stronger | — | $117.6M |
| Stockholders' EquityBook value | $5.9M | $715.8M |
| Total Assets | $29.6M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $146.4M | ||
| Q3 25 | — | $27.5M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $34.1M | ||
| Q4 24 | — | $157.2M | ||
| Q3 24 | — | $40.8M | ||
| Q2 24 | — | $14.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M |
| Q1 26 | $5.9M | — | ||
| Q4 25 | $5.9B | $715.8M | ||
| Q3 25 | $6.4B | $843.4M | ||
| Q2 25 | $6.2B | $859.8M | ||
| Q1 25 | $5.9B | $852.2M | ||
| Q4 24 | $5.6B | $798.4M | ||
| Q3 24 | $6.4B | $1.5B | ||
| Q2 24 | $6.0B | $1.4B |
| Q1 26 | $29.6M | — | ||
| Q4 25 | $29.9B | $2.2B | ||
| Q3 25 | $30.3B | $2.1B | ||
| Q2 25 | $29.3B | $8.5B | ||
| Q1 25 | $28.0B | $8.3B | ||
| Q4 24 | $27.8B | $8.1B | ||
| Q3 24 | $28.8B | $9.3B | ||
| Q2 24 | $27.5B | $8.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORI
Segment breakdown not available.
OSG
| Specialty Property Casualty Program | $23.1M | 57% |
| Accident Health | $9.6M | 24% |
| Specialty Automobile | $3.1M | 8% |
| Niche Specialty Risks | $2.4M | 6% |
| Other | $2.0M | 5% |
