ORI Latest Report

Financial Performance

Based on the provided data, Old Republic (stock code: ORI) recorded a total operating revenue of RMB717,800,000 as of December 31, 2024, compared to RMB660,500,000 as of December 31, 2023. Through a year-on-year calculation, the total operating revenue increased by RMB57,300,000, representing an approximate 8.67% growth. This growth reflects the company's relatively stable revenue growth in its operating activities. The growth may be attributed to the rise in market demand, expansion of new businesses, adjustments in pricing strategies, and improvements in operational efficiency.

Key Financial Data

1. Old Republic's total operating revenue grew by approximately 8.67% year-on-year in 2024, demonstrating its competitiveness in the market.

2. The reasons for the growth include the rise in market demand, business expansion, and price adjustments, all of which indicate the company's ability to adapt in a complex market environment.

3. The overall revenue growth rate in the industry is between 5%-10%, and Old Republic's growth rate is at the upper end, reflecting its relatively strong market position.

Peer Comparison

1. Industry-wide analysis: The overall market demand for the insurance industry has increased under the promotion of economic recovery, especially in commercial insurance and reinsurance sectors. The industry-wide competition has intensified, with the overall revenue growth rate at 5%-10% year-on-year, reflecting the healthy development of the industry. [Source](https://mp.weixin.qq.com/s?__biz=MzA3OTY4NDIwNA==&idx=6&mid=2247567873&sn=0427e1c3202d40f620639876791d5a01)

2. Peer evaluation analysis: Old Republic's 8.67% growth rate in total operating revenue is higher than the industry average, indicating its strong competitiveness and adaptability in the market, especially in the context of intensified industry competition, demonstrating its effective market strategies and operational management.

Conclusion

Through the analysis of Old Republic's financial data, it can be seen that the company's revenue growth in 2024 was mainly driven by the rise in market demand, expansion of new businesses, and adjustments in pricing strategies. Compared with other companies in the industry, its growth rate is at a medium-to-high level, showing its good performance and relative competitiveness in the market.

Opportunities

1. The company can continue to expand its international market to cope with challenges in overseas business and increase revenue sources.

2. Utilize digital transformation to enhance operational efficiency, further reduce costs, and increase market penetration.

3. Strengthen product diversification, developing new insurance products to meet the ever-changing needs of consumers.

Risks

1. In the process of international market expansion, cultural and legal barriers may hinder business development.

2. Intensified industry competition may lead to price wars, compressing profit margins.

3. Macroeconomic uncertainties may affect insurance demand, in turn affecting the stability of operating revenue.