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 included the 1978 acquisition of what would become Old
Republic Title Insurance Group and, in 1985, the founding of Old
Republic Risk Management and the acquisitions of Great West
Casualty Company and BITCO. Over time, Old Republic has expanded
into other niches such as home and auto warranty, professional
liability, surety, Canadian specialty and aviation while pursuing
acquisitions such as PMA. More recently the tradition of entering
new specialty insurance markets has continued with the launches of
Old Republic Specialty Insurance Underwriters, Old Republic
Residual Markets, Old Republic Inland Marine and Old Republic
Excess & Surplus.
Old Republic operates in a diversified manner that emphasizes
specialization by type of insurance coverage, industry and economic
sector. Though diversified, Old Republic maintains a common culture
with foundational tenets of integrity, respect and
accountability.
For 100 years, our associates have formed the bedrock of our
commitment to excellence. Today, Old Republic is a leading
specialty insurer with nearly 10,000 associates across North America and is a Fortune 500 company
with financial strength marked by A+ ratings from A.M. Best and
Standard & Poor's. As a public company, Old Republic has
produced a 12.5% annual total shareholder return over the last 55
years and has rewarded investors with 81 consecutive years of
dividends, having raised the annual payout for 41 straight
years.
Looking forward, Old Republic will continue to focus on serving
the underwriting and risk management needs of our diverse
customers. Core to this commitment will be continued investments in
people and in technology, and an unrelenting focus on
excellence.
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
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. Old Republic's general
insurance business ranks among the nation's 50 largest, while its
title insurance business is the third largest in its industry.
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
At Old
Republic:
|
At Financial
Relations Board:
|
Craig R. Smiddy:
President and Chief Executive Officer
|
Analysts/Investors: Joe
Calabrese 212/827-3772
|
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SOURCE Old Republic International Corporation