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Old Republic International (Old Republic International) Effective Interest Rate on Debt %

: 4.15% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Old Republic International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $66 Mil. Old Republic International's average total debt for the quarter that ended in Dec. 2023 was $1,591 Mil. Therefore, Old Republic International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.15%.


Old Republic International Effective Interest Rate on Debt % Historical Data

The historical data trend for Old Republic International's Effective Interest Rate on Debt % 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.09 4.50 2.71 2.79 4.42

Old Republic International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 4.21 2.83 3.47 4.12 4.15

Competitive Comparison

For the Insurance - Diversified subindustry, Old Republic International's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution

For the Insurance industry and Financial Services sector, Old Republic International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Old Republic International's Effective Interest Rate on Debt % falls into.



Old Republic International Effective Interest Rate on Debt % Calculation

Old Republic International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -70.5/( (1596.9+1591.1)/ 2 )
=-1  *  -70.5/1594
=4.42 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1197.9 + 399
=1596.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1191.6 + 399.5
=1591.1

Old Republic International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -66/( (1590.8+1591.1)/ 2 )
=-1  *  -66/1590.95
=4.15 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1191.4 + 399.4
=1590.8

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1191.6 + 399.5
=1591.1

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Old Republic International  (NYSE:ORI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Old Republic International Effective Interest Rate on Debt % Related Terms

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Old Republic International (Old Republic International) 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.
Executives
Charles J Kovaleski director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Jeffrey Lange officer: SVPUnderwriting & Distribution 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Carolyn Monroe officer: SVP - Title Insurance 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Barbara Adachi director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Stephen J Oberst officer: Executive Vice President 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
John Eric Smith director 260 LENA DRIVE, AURORA OH 44202
Michael Denard Kennedy director 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Lisa J Caldwell director 307 N. MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Aldo C Zucaro director, officer: Chairman, President & CEO 307 N MICHIGAN AVE, STE 2300, CHICAGO IL 60601
Glenn W Reed director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Karl W Mueller officer: Senior VP & CFO 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
Thomas Dare officer: SrVP Secretary General Counsel 307 NORTH MICHIGAN AVENUE, CHICAGO IL 60601
William T Gray officer: Senior VP & Treasurer
Rande Keith Yeager officer: SVP, Title Insurance 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601
Steven J Bateman director 307 NORTH MICHIGAN AVENUE, SUITE 2300, CHICAGO IL 60601