Old Republic International Corporation (ORI)

30.37 +0.16 (+0.53%) As of 12:34PM EDT. Market open.

Old Republic International Corporation

307 North Michigan Avenue
Chicago, IL 60601
United States
312 346 8100
https://www.oldrepublic.com

Sector(s): Financial Services
Industry: Insurance - Diversified
Full-time employees: 9,200

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Craig Richard Smiddy	President, CEO & Director	3.24M	N/A	1964
Mr. Francis Joseph Sodaro	Senior VP, CFO & Chief Accounting Officer	1.34M	N/A	1969
Mr. William Todd Gray	Executive Vice President	1.76M	N/A	1968
Mr. Jeffrey Patrick Lange	Senior Vice President of Underwriting and Distribution	1.48M	N/A	1971
Mr. Stephen Joseph Oberst	Executive Vice President	1.91M	317.41k	1968
Mr. Phillip A. Schutt	Senior Vice President of Investments	N/A	N/A	1961
Mr. Aaron Howard Jacoby	Senior Vice President of Corporate Development & Finance	N/A	N/A	1971
Mr. Thomas Andrew Dare	Senior VP, Secretary & General Counsel	N/A	N/A	1962
Mr. Kivin Jones	Senior VP & Chief Human Resources Officer	N/A	N/A	N/A
Ms. Cheryl Ann Jones	Senior VP & National Benefits Director	N/A	N/A	1954

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety. This segment provides its insurance products to businesses, state and local government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. The Title Insurance segment offers lenders' and owners' policies to real estate purchasers and investors based upon searches of the public records. This segment also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and various other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment offers private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. Old Republic International Corporation was founded in 1923 and is based in Chicago, Illinois.

Corporate governance

Old Republic International Corporation’s ISS governance QualityScore as of 1 April 2024 is 3. The pillar scores are Audit: 5; Board: 3; Shareholder rights: 4; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.