OLD REPUBLIC ANNOUNCES SPECIAL DIVIDEND

Rhea-AI Summary

Old Republic (NYSE: ORI) announced a $2.50 per share special cash dividend payable Jan 14, 2026 to shareholders of record on Jan 2, 2026, which will return approximately $620 million to shareholders. The Board said the decision reflects the parent and insurance subsidiaries' current and foreseeable liquidity and capital needs.

The company noted $47 million of repurchases in Q4 and $864 million of remaining repurchase authorization. Management highlighted that over the past five years it has returned more than $5.0 billion to shareholders and reduced shares outstanding by over 20%.

Positive

• Special dividend of $2.50 per share returning $620 million
• Over $5.0 billion returned to shareholders in five years
• Shares outstanding reduced by > 20%
• $864 million remaining repurchase authorization

Negative

• Estimated $620 million cash outflow could affect parent liquidity
• Repurchases of $47 million in Q4 represent modest near-term buyback activity

CHICAGO, Dec. 12, 2025 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that its Board of Directors has declared a special cash dividend of $2.50 per share. This special dividend is payable on January 14, 2026 to shareholders of record on January 2, 2026 and will return approximately $620 million to shareholders.

Craig R. Smiddy, President and CEO, commented, "Old Republic's strong performance continues to generate excess capital for return to shareholders. This special dividend complements our ongoing share repurchase program and demonstrates our commitment to optimizing capital allocation. We remain focused on profitable organic growth, launching new specialty businesses, technology investments and strategic niche acquisitions, including the pending purchase of ECM. Over the past five years we have returned over $5.0 billion to shareholders and reduced shares outstanding by over 20%."

The Board's decision reflects such factors as the current and foreseeable liquidity and capital needs of the parent holding company and its insurance company subsidiaries. The Company also provided an update on repurchase activity, noting that $47 million of shares had been repurchased in the fourth quarter, with $864 million remaining authorized. Old Republic may continue to purchase shares on a discretionary basis from time to time through open-market purchases, private negotiated transactions or other means.

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.

At Old Republic:		At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer		Investors: Joe Calabrese/jcalabrese@mww.com

 

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SOURCE Old Republic International Corporation

FAQ

What special dividend did Old Republic (ORI) declare and when is it payable?

Old Republic declared a $2.50 per share special cash dividend payable on Jan 14, 2026 to holders of record on Jan 2, 2026.

How much cash will Old Republic (ORI) return to shareholders with the special dividend?

The special dividend will return approximately $620 million to shareholders.

How much repurchase authorization does Old Republic (ORI) have left after Q4 activity?

Old Republic repurchased $47 million in Q4 and has $864 million of repurchase authorization remaining.

How much has Old Republic (ORI) returned to shareholders over the past five years?

Management reported it has returned over $5.0 billion to shareholders in the past five years.

Will the special dividend affect Old Republic's (ORI) liquidity?

The Board said it considered current and foreseeable liquidity and capital needs, so the $620 million distribution could affect parent liquidity.