Old Republic traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier. The Company is one of America's 50 largest shareholder-owned insurance businesses. Its subsidiaries market, underwrite, and provide risk management services for a wide variety of coverages, predominantly in the general (property and liability), mortgage guaranty, and title insurance fields. The Company is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America's leading industrial and financial services institutions.
For the beneficiaries of their insurance products and services, Old Republic's insurance subsidiaries provide quality assurance of the promises they make. For employees, the Company offers an environment of success in which they can pursue personal goals of professional and economic achievement in the context of Old Republic's business objectives.
Old Republic's record as a long-term investment compares very favorably
within American industry. The Company's performance reflects an entrepreneurial
spirit, a necessary long-term orientation in the management of its business, and
a corporate structure that promotes accountability and encourages the taking of
prudent business risks. The Company's common stock has a demonstrated history of
long-term capital appreciation and a cash dividend payment record that now
extends to 65 consecutive years. According to the Winter 2007 edition of Mergent's
Dividend Achievers, Old Republic is one of just 321 companies, out of
10,000-plus publicly held corporations, that have posted at least 10 consecutive
years of annual dividend growth. In addition, Old Republic is one of only 121
companies to have attained annual dividend increases for at least 24 consecutive
years.
| OLD REPUBLIC'S MULTIPLE LINES OF BUSINESS | |||
|---|---|---|---|
| FIVE YEAR AVERAGE CONSOLIDATED PERCENTAGES(*) | |||
| EQUITY CAPITAL | REVENUES | PRE-TAX INCOME | |
| GENERAL INSURANCE |
53.9% |
52.8% |
47.8% |
| MORTGAGE GUARANTY |
34.2% |
14.8% |
38.9% |
| TITLE INSURANCE |
9.7% |
30.4% |
12.8% |
| LIFE & HEALTH | 2.2% | 2.0% | 0.5% |
* Before holding company
parent & minor corporate service subsidiaries' accounts. |
GENERAL
INSURANCE GROUP
Provides commercial lines of property and liability insurance and reinsurance,
predominantly to industrial, mining, transportation, and financial services companies, as
well as actuarial consulting, tax planning, claims control, and management of captive or
retrospectively-rated insurance programs. Ranks among the 100 largest property
and liability insurance groups in the United States.
MORTGAGE GUARANTY GROUP
Provides residential mortgage guaranty insurance for first mortgage loans to mortgage
bankers, commercial banks, thrifts, credit unions, and other financial institutions. Sixth
largest independent mortgage insurer in America, with an approximate 11% market share.
TITLE INSURANCE GROUP
Provides title insurance and related real estate transfer services for individuals,
businesses, and government entities. One of the top five title insurers in the nation in
terms of revenues, with an approximate 6% market share.
LIFE INSURANCE GROUP
Provides life and health insurance to consumers through lending institutions, automobile
dealers, and brokers. Focuses on term and specialty insurance products.
OLD REPUBLIC
International Corporation
307 N. Michigan Ave
Chicago, IL 60601