OLD REPUBLIC INTERNATIONAL CORP

Old Republic International Corporation is a Chicago-based holding company that underwrites insurance and provides related services. The company operates through various subsidiaries, which issue insurance policies. It is organized into two main business segments: Specialty Insurance and Title Insurance. The results of the Republic Financial Indemnity Group (RFIG) Run-off business, previously a separate segment, are now considered immaterial and are included within the Corporate & Other category of this report up to its sale date of May 31, 2024. This category also includes the results of a small life and accident insurance business. Old Republic's business involves setting prices (premiums) for most products without knowing the ultimate loss costs or exactly when claims will be paid, which can be many years after a policy is issued or expires. The company manages its operations with a long-term perspective, focusing on achieving favorable underwriting results over various economic cycles and maintaining a strong financial position to meet its long-term commitments to policyholders and beneficiaries. To achieve these goals, Old Republic emphasizes adherence to insurance risk management principles and focuses on asset diversification and quality.