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. It 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.
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. For the 20 years ended in 2019, the Company's total market return, with dividends reinvested, has grown at a compounded annual rate of 11.0% per share. For the same period, the total market return, with dividends reinvested, for the S&P 500 Index has grown at a 6.1% annual compound rate.
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Total Annual Returns
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|Ten Years 2000 - 2009
|Ten Years 2010 - 2019
|Twenty Years 2000 - 2019
According to a recent edition of Mergent’s Dividend Achievers, Old Republic is one of just 113 qualifying 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 (79 years), and it has raised the annual cash dividend pay-out for each of the past 39 years.