Old Republic Projects Growth for Warranty Business
The company expects annual net premiums for its combined home and auto warranty division to reach up to $700 million.
Updated on Oct. 23, 2026 in Insurance
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Old Republic International Corporation CEO Craig Smiddy announced that the firm projects net annual warranty premiums could reach $600 million to $700 million. This outlook follows significant growth in the company's combined home and auto warranty category throughout 2026.
Why it matters
The company is experiencing substantial growth in its warranty division, largely driven by expanding its presence in the auto sector through strategic partnerships. This segment is becoming a central component of the company's long-term financial performance.
Net written premiums in the combined warranty category reached $204.9 million for the quarter ended September 30, 2026, up from $142.4 million in the same quarter last year. The recent acquisition of ECM Insurance Group contributed to these earnings.
The players
Old Republic International Corporation
This is a publicly traded insurance organization that provides property and casualty insurance products along with specialized coverage services.
Craig Smiddy
He serves as the Chief Executive Officer of Old Republic International Corporation.
ECM Insurance Group
This is an insurance entity that was acquired by Old Republic International Corporation on July 1, 2026.
The details
Old Republic reported that auto warranty expansion via administrator partnerships is fueling growth in the combined category. Additionally, the acquisition of ECM Insurance Group, which closed July 1, 2026, proved accretive to the company's third-quarter operating earnings.
Timeline
Combined net written premiums reached $350.3 million from January 1, 2025, through September 30, 2025.
The acquisition of ECM Insurance Group was completed on July 1, 2026.
Combined net written premiums totaled $545.9 million from January 1, 2026, through September 30, 2026.
The company recorded $204.9 million in warranty premiums for the quarter ending September 30, 2026.
Old Republic held its most recent earnings call on October 22, 2026.
Market Dynamics
This premium growth aligns with the standard financial disclosure framework required by the insurance industry's statutory reporting requirements. These results highlight how the company is leveraging acquisitions to scale its operations within a competitive financial environment.
The acquisition and premium growth may signal shifts in the company's long-term earnings potential for shareholders. Investors should monitor how the integration of new business lines influences future dividend stability and portfolio performance.
The takeaway
The company's focus on auto warranty partnerships suggests that niche service expansion remains a key strategy for diversification. Investors and policyholders should note that such growth often precedes shifts in how these products are marketed and managed internally.
Further reading
For more background on financial performance, visit the Insurance section.
Source note: This article includes information reported by TokenPost.
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Do you believe it is a good time to purchase extended warranties for your home or car?
