Managing Old Republic for the Long Run
Our MISSION is to provide quality insurance security and related services to businesses, individuals and public institutions, and be a dependable long-term steward of the trust that policyholders, shareholders and other important stakeholders place in us.
Success Comes from Focus and Staying Power
Old Republic traces its beginnings to 1923, although several acquired subsidiaries began operations much earlier. We are 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.
Our subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields. The breadth of coverages ensures wide diversification and dispersion of risks. Additionally, Old Republic's companies focus only on carefully selected major sectors of the American economy that are not uniformly exposed to the same business cycles. Old Republic operates in a decentralized manner that emphasizes specialization by type of insurance coverage, as well as industries and economic sectors served.
Old Republic is one of America’s 50 largest shareholder-owned insurance businesses. We are a member of the Fortune 500 listing of America’s largest companies. ORI’s performance reflects an entrepreneurial spirit, a necessary long-term orientation in the management of its business, and a corporate culture that promotes accountability and encourages the taking of prudent business risks. A summary of recent years' total book and market returns, which includes the addition and reinvestment of cash dividend payments, in comparison with the financial performance of three selected indices similarly developed is shown below.
||Selected Indices' Compounded
Total Annual Returns
||Annual Book Value Compounded Total Return
||Annual Market Value Compounded Total Return
||Nominal Gross Domestic Product
||S&P 500 Index
||S&P P&C Insurance Index
|Ten Years 2001 - 2010
|Ten Years 2011 - 2020
|Twenty Years 2001 - 2020
|First Six Months 2020-only
|First Six Months 2021-only
According to the recent edition of Mergent’s Dividend Achievers, Old Republic is listed in 58th place among just 111 publicly held companies, out of thousands considered, that have posted at least 25 consecutive years of annual dividend growth. Moreover, Old Republic has paid a cash dividend without interruption since 1942 (80 years), and it has raised the annual cash dividend pay-out for each of the past 40 years.