OLD REPUBLIC ANNOUNCES SHARE REPURCHASE AUTHORIZATION

Core Points - Old Republic International Corporation has authorized a new $750 million share repurchase program, which will start after the completion of the remaining $162 million from the previous $1.10 billion program [1][2] - The share repurchase will be conducted at the company's discretion, considering market conditions and valuation, and may include pre-arranged Rule 10b5-1 plans [2][3] - The decision for the new repurchase program reflects the company's strong balance sheet and confidence in its growth potential, having returned over $4.2 billion to shareholders since December 31, 2020 [4] Financial Performance - The company has increased its annualized regular cash dividend rate to $1.16 per share, marking a 9.4% increase from 2024 and the 44th consecutive year of dividend increases [4] - Over the last three years, Old Republic has retired more than 20% of its shares, demonstrating a commitment to capital management [4] Company Overview - Old Republic is a leading specialty insurer, operating in property & casualty and title insurance sectors, and is a member of the Fortune 500 [5] - The company was founded in 1923 and is recognized for its expertise in underwriting and risk management services across the United States and Canada [5]