OLD REPUBLIC ANNOUNCES SPECIAL DIVIDEND

Core Points - Old Republic International Corporation has declared a special cash dividend of $2.00 per share, amounting to approximately $500 million to be returned to shareholders [1] - The company has repurchased $174 million of shares under a $1.1 billion authorization, with $240 million remaining available for future purchases [2] - The decision for the special dividend was based on the evaluation of liquidity and capital needs of the parent company and its subsidiaries [3] - The company has returned over $1.7 billion to shareholders through share repurchase programs in the last two and a half years, reducing shares outstanding by over 20% [4] - Since December 31, 2019, Old Republic has returned over $4 billion to shareholders through various means, with a current annualized regular cash dividend rate of $1.06 per share, marking an 8.2% increase from 2023 [4] - Old Republic is one of the 50 largest shareholder-owned insurance businesses in the U.S. and ranks among the top in both general and title insurance [5]