Common Share Data

6 Months Ended

Jun. 30, 2025

Net Income Per Share

Consolidated basic earnings per share excludes the dilutive effect of common stock equivalents and is computed by dividing net income available to common stockholders by the weighted-average number of common shares actually outstanding for the periods presented. Diluted earnings per share is similarly calculated with the inclusion of dilutive common stock equivalents. The following table provides a reconciliation of net income and the number of shares used in basic and diluted earnings per share calculations.


	Quarters Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Numerator:
Net income to shareholders	$	204.4	$	91.8	$	449.5	$	408.6



Denominator:
Basic weighted-average shares (a)	244,801,566		260,796,757		244,343,845		266,341,589
Effect of dilutive securities - stock-based
compensation awards	6,273,445		4,752,898		6,112,431		4,197,019
Diluted adjusted weighted-average shares (a)	251,075,011		265,549,655		250,456,276		270,538,608
Earnings per share: Basic	$	0.83	$	0.35	$	1.84	$	1.53
Diluted	$	0.81	$	0.35	$	1.79	$	1.51

Anti-dilutive common stock equivalents
excluded from earnings per share computations:
Stock-based compensation awards	1,014,202		—		1,014,202		1,317,779

__________

(a) In calculating earnings per share, accounting standards require that common shares owned by the ORI 401(k) Savings and Profit Sharing Plan that are unallocated to participants in the plan be excluded from the calculation. Such shares are issued and outstanding, and have the same voting and other rights applicable to all other common shares.