A HISTORY OF GROWTH AND STABILITY

Old Republic International Corporation

Old Republic traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier. The Company is one of America's 50 largest shareholder-owned insurance businesses. Its subsidiaries market, underwrite, and provide risk management services for a wide variety of coverages, predominantly in the general (property and liability), mortgage guaranty, and title insurance fields. The Company is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America's leading industrial and financial services institutions.

For the beneficiaries of their insurance products and services, Old Republic's insurance subsidiaries provide quality assurance of the promises they make. For employees, the Company offers an environment of success in which they can pursue personal goals of professional and economic achievement in the context of Old Republic's business objectives.

Old Republic's record as a long-term investment compares very favorably within American industry. The Company's performance reflects an entrepreneurial spirit, a necessary long-term orientation in the management of its business, and a corporate structure that promotes accountability and encourages the taking of prudent business risks. The Company's common stock has a demonstrated history of long-term capital appreciation and a cash dividend payment record that now extends to 68 consecutive years. According to the most recent edition of Mergent's Dividend Achievers, Old Republic is one of just 119 companies, out of 10,000-plus publicly held corporations, that have posted at least 25 consecutive years of annual dividend growth.

 

 

Old Republic manages its business through more than 125 corporate entities, of which 23 are insurance subsidiaries covering all 50 states and Canada. Old Republic's companies market, underwrite, and provide risk management services for a multitude of coverages, predominantly in the general (property and liability), mortgage guaranty, and title insurance arenas. A small life and health insurance business is also conducted in the U.S. and Canada, principally as an adjunct to the Company's general insurance operations. The breadth of coverages ensures wide diversification and dispersion of risks. Additionally, Old Republic's companies focus only on carefully selected major sectors of the American economy that are not uniformly exposed to the same business cycles. The Company operates in a decentralized manner that emphasizes specialization by type of insurance coverage, as well as industries and economic sectors served.

Old Republic publishes an Annual Review that is widely distributed to agents, brokers, customers, employees, and others interested in the Company's business objectives and product offerings. The most current Annual Review is downloadable in the Investors section of this Website.