CHICAGO, April 15, 2020 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) — today announced that
its 2020 annual meeting of shareholders will be held virtually,
moving away from an in-person meeting because of the evolving
nature of the COVID-19 pandemic and the associated governmental
orders. While the time and date of the annual meeting will
remain the same, there will be no physical location for the
meeting and Old Republic's representatives will participate via
webcast.
Virtual meeting
date:
|
Friday, May 22,
2020
|
Virtual meeting
time:
|
3 p.m. Central
Daylight Time
|
Virtual meeting
link:
|
www.virtualshareholdermeeting.com/ORI2020
|
Shareholders of record at the close of business on March 24, 2020, are invited to vote their shares
at proxyvote.com. Important information about participating in the
virtual meeting can be found on Old Republic's website
(www.oldrepublic.com) under the heading "2020 Annual Meeting
Information".
Shareholders may submit questions, vote their shares and review
the list of registered shareholders during the virtual meeting
using the directions on the meeting website that day. All
shareholders will need their control number in order to be
authenticated and participate during the meeting. Each
shareholder's control number can be found in the proxy materials
they have previously received. Shareholders without a control
number may attend as guests of the meeting, but they will not have
the option to vote their shares, ask questions or review the list
of registered shareholders during the virtual meeting.
Technical assistance will be available for those attending the
meeting.
About Old Republic
Chicago-based Old Republic
International Corporation is one of the nation's 50 largest
publicly held insurance enterprises. It is a member of the
Fortune 500 listing of America's largest companies. The
Company is organized as an insurance holding company whose
subsidiaries actively market, underwrite, and provide risk
management services for a wide variety of coverages mostly in the
general and title insurance fields. A long-term interest in
mortgage guaranty and consumer credit indemnity coverages has
devolved to a run-off operating mode since 2012. Old Republic's
general insurance business ranks among the nation's 50 largest,
while its title insurance operations are the third largest in its
industry.
The nature of Old Republic's business requires that it be
managed for the long run and its cash dividend policy reflects that
long-term orientation. The current annualized dividend rate of
$0.84 per share marks the 39th
consecutive year that Old Republic has boosted this rate, and 2020
becomes the 79th year of uninterrupted regular cash dividend
payments. Here's a summary of recent years' total book and market
returns, which includes the addition and reinvestment of cash
dividend payments, in comparison with the financial performance of
three selected indices similarly developed.
|
|
ORI
|
|
Selected Indices'
Compounded
|
|
|
Annual
|
|
Annual
|
|
Total Annual
Returns
|
|
|
Book Value
|
|
Market
Value
|
|
Nominal
|
|
|
|
|
|
|
Compounded
|
|
Compounded
|
|
Gross
|
|
S & P
|
|
S & P
|
|
|
Total
|
|
Total
|
|
Domestic
|
|
500
|
|
Insurance
|
|
|
Return
|
|
Return
|
|
Product
|
|
Index
|
|
Index
|
Ten Years 2000 –
2009
|
|
9.5%
|
|
7.4%
|
|
4.1%
|
|
-1.0%
|
|
-3.7%
|
Ten Years 2010 –
2019
|
|
7.7%
|
|
14.8%
|
|
4.0%
|
|
13.6%
|
|
12.4%
|
Twenty Years 2000 –
2019
|
|
8.6%
|
|
11.0%
|
|
4.1%
|
|
6.1%
|
|
4.1%
|
According to the most recent edition of Mergent's Dividend
Achievers, Old Republic is listed in 62nd place among just 111
qualifying publicly held companies, out of thousands considered,
that have posted at least 25 consecutive years of annual
dividend growth.
For Old Republic's latest news releases and
other corporate documents:
Please visit us at
www.oldrepublic.com
Alternatively, please write or
call:
Investor Relations
Old Republic
International Corporation
307 North Michigan Avenue •
Chicago, IL
60601
312-346-8100
Further
Information Contacts:
|
AT OLD
REPUBLIC:
|
AT FINANCIAL
RELATIONS BOARD:
|
Craig R. Smiddy,
President & CEO
|
Analysts/Investors:
Marilynn Meek
|
(312)
346-8100
|
(212)
827-3773
|
|
SOURCE Old Republic International Corporation