Old Republic Finalizes Terms for Up to $207M Discounted Stock Offering to Fund Everett Cash Mutual Acquisition

summarizeSummary

Old Republic International Corp. is offering up to $207 million in common stock at a 30-35% discount to fund its strategic acquisition of Everett Cash Mutual Insurance Co., expanding its specialty insurance business.

check_boxKey Events

• Acquisition Financing Details

  Old Republic is offering up to $207 million in common stock to eligible members and participants of Everett Cash Mutual Insurance Co. (ECM) to fund its acquisition.

• Discounted Stock Offering

  Shares will be offered at a discount of 30% to 35% off the 10-day volume-weighted average trading price (VWAP) of Old Republic's common stock.

• Strategic Acquisition

  The acquisition of ECM, valued between $153 million and $207 million, is intended to expand Old Republic's specialty farmowners' insurance business.

• Regulatory and Member Approvals

  The Pennsylvania and Arizona Insurance Departments have approved the change of control, and ECM members will vote on the conversion and acquisition on June 30, 2026.

auto_awesomeAnalysis

This prospectus supplement finalizes the terms for Old Republic International Corp.'s offering of up to $207 million in common stock, a key component of its previously announced acquisition of Everett Cash Mutual Insurance Co. (ECM). The offering, which provides a 30-35% discount to the 10-day volume-weighted average price, is designed to fund the acquisition and expand Old Republic's presence in the specialty farmowners' insurance business. This filing provides the specific pricing mechanism and maximum value for the offering, building on the S-4/A registration statement filed on May 1, 2026, which outlined the acquisition plan.