ORI - Dividend announcements

CHICAGO, Feb. 27, 2026 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 31.5 cents per share. This dividend is payable on March 19, 2026 to shareholders of record on March 09, 2026. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.26 per share compared to $1.16 per share paid in 2025, an 8.6% increase. 2026 marks the 45th consecutive year that Old Republic has increased its regular cash dividend and the 85th year of uninterrupted regular cash dividend payments.About Old RepublicOld Republic is a leading specialty insurer that operate

CHICAGO, Dec. 12, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that its Board of Directors has declared a special cash dividend of $2.50 per share. This special dividend is payable on January 14, 2026 to shareholders of record on January 2, 2026 and will return approximately $620 million to shareholders. Craig R. Smiddy, President and CEO, commented, "Old Republic's strong performance continues to generate excess capital for return to shareholders. This special dividend complements our ongoing share repurchase program and demonstrates our commitment to optimizing capital allocation. We remain focused on profitable organic growth, launching new sp

CHICAGO, Nov. 25, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on December 15, 2025 to shareholders of record on December 5, 2025. That brings the full year's cash dividend to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance

CHICAGO, Aug. 19, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has authorized a new $750 million share repurchase program. This new $750 million program will commence immediately following the completion of the approximately $162 million that remains authorized under the $1.10 billion share repurchase program announced on March 1, 2024. Under the share repurchase program, Old Republic may purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means. The timing and amount of any transactions will be conducted subject to the discretion of Old Republic

CHICAGO, Aug. 15, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on September 15, 2025 to shareholders of record on September 5, 2025. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that

CHICAGO, May 23, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on June 16, 2025 to shareholders of record on June 6, 2025. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that operates di

CHICAGO, Feb. 28, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 29 cents per share. This dividend is payable on March 20, 2025 to shareholders of record on March 10, 2025. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.16 per share compared to $1.06 per share paid in 2024, a 9.4% increase. 2025 marks the 44th consecutive year that Old Republic has increased its regular cash dividend and the 84th year of uninterrupted regular cash dividend payments. About Old Republic Old Republic is a leading specialty insurer that operate

CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders. In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares on a discretionary basis from time to time through

CHICAGO, Nov. 26, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per share. This dividend is payable on December 16, 2024 to shareholders of record on December 6, 2024. That brings the full year's cash dividend to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-

CHICAGO, Aug. 16, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per share. This dividend is payable on September 16, 2024 to shareholders of record on September 6, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is o

CHICAGO, May 17, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per common share. This dividend is payable on June 14, 2024 to shareholders of record on June 4, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to $0.98 paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one of the nation'

CHICAGO, March 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that its Board of Directors has authorized a $1.10 billion share repurchase program. The Company recently completed its previously announced $450 million share repurchase program authorization. Under the share repurchase program, Old Republic may purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means. The timing and amount of any transactions will be conducted subject to the discretion of Old Republic based upon valuation, market conditions and other considerations. Old Republic may also from time to tim

CHICAGO, March 1, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per common share. This dividend is payable on March 21, 2024 to shareholders of record on March 11, 2024. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to $1.06 per share compared to $0.98 paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is

CHICAGO, Nov. 21, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on December 15, 2023 to shareholders of record on December 5, 2023. That brings the full year's cash dividend to 98 cents per share compared to 92 cents paid in 2022. 2023 marks the 42nd consecutive year that Old Republic has increased its regular cash dividend and the 82nd year of uninterrupted regular cash dividend payments. About Old RepublicChicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder

CHICAGO, Nov. 13, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced that it has entered into a definitive agreement to sell its mortgage insurance business to Arch Capital Group Ltd. In this transaction, Arch U.S. MI Holdings Inc. will acquire all of the capital stock of Old Republic's wholly-owned subsidiary, RMIC Companies, Inc., and its wholly-owned subsidiaries that together comprise Old Republic's run-off mortgage insurance business. Consideration is expected to be approximately $140 million.  Additionally, Old Republic expects to receive a final 4th quarter dividend of $25 million. The transaction is subject to regulatory approval and is expected

CHICAGO, Aug. 25, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on September 15, 2023 to shareholders of record on September 5, 2023. Subject to Board approval each quarter, the full year's cash dividend will amount to 98 cents per share compared to 92 cents paid in 2022. The current annualized rate of 98 cents per share marks the 42nd consecutive year that Old Republic has increased this rate, and 2023 becomes the 82nd year of uninterrupted regular cash dividend payments. About Old RepublicChicago-based

CHICAGO, May 12, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced its Board of Directors has authorized a $450 million share repurchase commencing on the date hereof. Today's share repurchase authorization is in addition to the recently completed authorization, whereby 19.4 million shares of outstanding common stock were purchased at an average price per share of $23.23 for an aggregate cost of approximately $450 million. Old Republic may purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means. The timing and amount of any transactions will be conducted subject to the discre

CHICAGO, May 12, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on June 15, 2023 to shareholders of record on June 5, 2023. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount 98 cents per share compared to 92 cents paid in 2022. The current annualized rate of 98 cents per share marks the 42nd consecutive year that Old Republic has increased this rate, and 2023 becomes the 82nd year of uninterrupted regular cash dividend payments. About Old RepublicChicago-based

CHICAGO, Feb. 23, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 24.5 cents per common share. This dividend is payable on March 15, 2023 to shareholders of record on March 6, 2023. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount 98 cents per share compared to 92 cents paid in 2022. The current annualized rate of 98 cents per share marks the 42nd consecutive year that Old Republic has increased this rate, and 2023 becomes the 82nd year of uninterrupted regular cash dividend payments. About Old RepublicChicago-bas

CHICAGO, Jan. 23, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today officially kicked-off the recognition of the 100 year anniversary of Old Republic. Under the banner of 100 Years of Excellence, this year-long celebration will provide an opportunity for us to engage with employees, customers and business partners to recognize our rich history and to mark the next chapter of serving specialty niches within the property & casualty and title insurance markets. Old Republic's longevity is a testament to our mantra "managing for the long run". Founded in 1923, Old Republic has grown through both acquisitions and creating new insurance businesses. Key milestones inclu

CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on its common stock of 23 cents per common share. This dividend is payable on December 15, 2022 to shareholders of record on December 5, 2022. That brings the full year's regular cash dividend to 92 cents per share for 2022 compared to 88 cents paid in 2021. 2022 marks the 41st consecutive year that Old Republic has increased its regular cash dividend and the 81st year of uninterrupted regular cash dividend payments. About Old RepublicChicago-based Old Republic International Corporation is one of the nation's 50 large

CHICAGO, Aug. 19, 2022 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced its Board of Directors has declared a regular quarterly cash dividend on its common stock of 23 cents per common share. This dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. Subject to quarterly Board approval, the full year's cash dividend is projected to be 92 cents per share for 2022, compared to 88 cents paid in 2021. The current annualized regular dividend rate of 92 cents per share marks the 41st consecutive year that Old Republic has boosted this rate, and 2022 becomes the 81st year of uninterrupted regular cash dividend payments. About Ol

CHICAGO, Aug. 19, 2022 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced its Board of Directors has authorized a $450 million share repurchase program and a special, one-time cash dividend of $1.00 per share. This special dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. With 309 million shares outstanding at June 30, 2022, the return of capital authorized by the Board through these actions totals approximately $760 million. Under the share repurchase program, Old Republic may purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means. The ti

CHICAGO, Feb. 25, 2022 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 23 cents per common share. This dividend is payable on March 15, 2022 to shareholders of record on March 7, 2022. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 92 cents per share compared to 88 cents paid in 2021. The current annualized dividend rate of 92 cents per share marks the 41st consecutive year that Old Republic has boosted this rate, and 2022 becomes the 81st year of uninterrupted regular cash dividend payments. About Old RepublicChica

CHICAGO, Nov. 24, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 22 cents per common share. This dividend is payable on December 15, 2021 to shareholders of record on December 6, 2021. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fort

CHICAGO, Nov. 22, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced Barbara Adachi (71) will be joining its Board of Directors as well as to the Directorship of ORI's major regulated insurance company subsidiaries. Prior to her retirement in 2013, Ms. Adachi was the chief executive and National Managing Partner for Deloitte Consulting's Human Capital Consulting Practice, a $1B practice with over 3,000 practitioners in the U.S., Mexico, and India.  In making the announcement, Spencer LeRoy, Chairman of the Board, noted, "our Company will benefit greatly from Barbara Adachi's wide-ranging experience in business strategy, human capital, and organization tran

CHICAGO, Aug. 13, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced its Board of Directors has declared a special, one-time cash dividend of $1.50 per share.  The dividend will be paid on October 6, 2021 to shareholders of record on September 15, 2021. In reaching its decision the Board of Directors evaluated such critical factors as: The current capital position and foreseeable capital needs of the insurance underwriting subsidiaries to which substantially all of the Company's financial resources are committed, and The parent holding company's current liquidity, and short to intermediate term expectations for same.In these lights the Board of Directors c

CHICAGO, Aug. 13, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 22 cents per common share.  This dividend is payable on September 15, 2021 to shareholders of record on September 1, 2021.  Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. About Old Republ

CHICAGO, Aug. 13, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced the issuance of a Special Report that addresses important Enterprise Risk Management principles and practices pertaining to: Insurance Underwriting Risk, Capital Management, and Corporate Governance Policies and Practices.The Report reflects our Board of Directors' business judgement position relative to these matters. It is provided in the context of its review of certain suggestions made by a relatively new hedge fund shareholder. The Report's issuance underscores our commitment to transparent and open disclosure to all shareholders. The Report may also be viewed on ORI's website at the

CHICAGO, July 8, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced that it will hold a conference call on Thursday, July 22, at 3:00 p.m. Eastern time to discuss results for the second quarter and first six months of 2021. The call can be accessed live on Old Republic's website at www.oldrepublic.com or on a listen-only phone line at 1-833-494-1487. Investors may also access a replay of the call by dialing 1-800-585-8367, passcode 6879322, which will be available through July 29, 2021. The replay will also be available on Old Republic International's website through August 22, 2021. About Old RepublicChicago-based Old Republic International Corporation

CHICAGO, May 14, 2021 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE:ORI) declared a regular quarterly cash dividend of 22 cents per common share. This dividend is payable on June 15, 2021 to shareholders of record on June 4, 2021. Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020. This latest dividend increase marks the 40th consecutive year that Old Republic has boosted its cash dividend rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one

CHICAGO, April 22, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today reported the following consolidated results (a): OVERALL RESULTS Quarters Ended March 31, 2021 2020 % Change Pretax income (loss) $ 630.6 $ (769.9) Pretax investment gains (losses) 375.4 (944.1) Pretax income (loss) excluding investment gains (losses) $ 255.1 $ 174.2 46.5 % Net income (loss) $ 502.1 $ (604.8) Net of tax investment gains (losses) 295.7 (745.6) Net income (loss) excluding investment gains (losses) $ 206.3 $ 140.8 46.5 % PER DILUTED SHARE Quarters Ended March 31, 2021 2020 % Change Net income (loss) $ 1.68 $ (2.01) Net of tax investment gains (losses) .99 (2.48) Net income (loss) exc

CHICAGO, April 15, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) – today announced that Lisa Jeffries Caldwell (60) has joined its Board of Directors as of April 15, 2021. She has concurrently been appointed to the Board's Compensation, and Governance and Nominating Committees, as well as to the Directorship of ORI's major regulated insurance underwriting subsidiaries. In 2018, Ms. Caldwell retired after serving as the Executive Vice President and Chief Human Resources Officer during a 27-year career with Reynolds American, Inc., a former Fortune 500 member. In making the announcement, Al Zucaro, Chairman of ORI's Board, noted that "Our Company will benefit greatly

CHICAGO, April 8, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will hold a conference call on Thursday, April 22, at 3:00 p.m. Eastern time to discuss results for the first quarter of 2021. The call can be accessed live on Old Republic's website at www.oldrepublic.com or on a listen-only phone line at 1-833-494-1487. Investors may also access a replay of the call by dialing 1-800-585-8367, passcode 1786949, which will be available through April 29, 2021. The replay will also be available on Old Republic International's website through May 21, 2021. About Old RepublicChicago-based Old Republic International Corporation is one of the nation'

NEW YORK--(BUSINESS WIRE)--Investment funds advised by Owl Creek Asset Management, L.P. (“Owl Creek”), an event-driven and fundamental value long/short investment advisory firm based in New York, are shareholders of Old Republic International Corporation (“Old Republic” or “the Company”) (NYSE: ORI) and beneficially own over 2% of the Company’s outstanding common equity. Owl Creek today announced that it has delivered the below letter to Old Republic’s Board of Directors (“the Board”) following failed attempts to constructively and privately engage with the Company. Owl Creek believes that Old Republic’s shares continue to be materially undervalued in the market and, if the firm’s

CHICAGO, March 22, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced that it is forming a new venture to provide commercial Inland Marine insurance solutions.  The new company, Old Republic Inland Marine ("ORIM"), will focus its operations on specialized Inland Marine products through retail and wholesale distribution channels.  The new venture will be led by Matt Bisig as President.  Matt brings important intellectual capital and business relationships cultivated over many years of professional, client-centered service. ORIM will further expand Old Republic's general insurance and related services business with its customers.  Capital requirements will

CHICAGO, Feb. 26, 2021 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a regular quarterly cash dividend of 22 cents per common share. This dividend is payable on March 15, 2021 to shareholders of record on March 9, 2021.  Subject to Board approval of each quarter's new rate, the full year's cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International C

CHICAGO, Jan. 28, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported the following consolidated results (a): OVERALL RESULTS Quarters Ended December 31, Years Ended December 31, 2020 2019 % Change 2020 2019 % Change Pretax income (loss) $ 652.2 $ 346.0 $ 688.4 $ 1,322.4 Pretax investment gains (losses) 374.7 167.4 (142.0) 636.1 Pretax income (loss) excluding investment gains (losses) $ 277.5 $ 178.5 55.4 % $ 830.4 $ 686.2 21.0 % Net income (loss) $ 519.7 $ 275.8 $ 558.6 $ 1,056.4 Net of tax investment gains (los

CHICAGO, Jan. 14, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) — today announced that it will hold a conference call on Thursday, January 28, at 3:00 p.m. Eastern time to discuss results for the fourth quarter and full year of 2020. The call can be accessed live on Old Republic's website at www.oldrepublic.com or on a listen-only phone line at 1-833-494-1487. Investors may also access a replay of the call by dialing 1-800-585-8367, passcode 5779285, which will be available through February 4, 2021. The replay will also be available on Old Republic International's website through February 26, 2021. About Old Republic Chicago-based Old Republic International Corpo

CHICAGO, Jan. 5, 2021 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) announces the alignment of Old Republic Contractors Insurance Group, Inc. (ORCIG), previously a stand-alone underwriting affiliate of Old Republic, into BITCO Corporation (BITCO), another wholly-owned subsidiary of Old Republic. As a result of this change, ORCIG's name will be changed to BITCO Construction Group, Inc. reflecting this new affiliation, and its operations will report to Vince Lamb, President and Chief Executive Officer of BITCO. Craig Smiddy, Old Republic International's President and CEO noted, "Old Republic has participated in the construction insurance marketplace for many years.  Mo

CHICAGO, Dec. 18, 2020 /PRNewswire/ -- The Board of Directors of Old Republic International Corporation (NYSE: ORI) has declared a special, one-time cash dividend of $1.00 per share. The dividend will be paid on January 15, 2021 to shareholders of record on January 5, 2021. At its most recent quarterly meeting, the Board of Directors evaluated a number of factors critical to the long-term management of Old Republic's diversified insurance business. Key among such factors were: The Company's long-term strategy and required capital resources to ensure sustainability of its integrated multi-insurance coverages, and industry-focused underwriting specializations; and The capital position of