Form 8-K

8-K — OLD REPUBLIC INTERNATIONAL CORP

Accession: 0000074260-26-000087

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0000074260

SIC: 6351 (SURETY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ori-20260723.htm (Primary)

EX-99.1 (a2q26earningsrelease.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ori-20260723.htm · Sequence: 1

ori-20260723

0000074260false00000742602026-07-232026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: (Date of earliest event reported) July 23, 2026

OLD REPUBLIC INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-10607 36-2678171

(State or other jurisdiction (Commission (I.R.S. Employer

of incorporation) File Number) Identification No.)

307 North Michigan Avenue Chicago Illinois 60601

(Address of principal executive offices) (Zip Code)

(312) 346-8100

(Registrant’s telephone number, including area code)

N /A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 140.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock / $1 par value ORI New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On July 23, 2026, Old Republic International Corporation announced the results of its operations and its financial condition for the quarter ended June 30, 2026. The full text of the earnings release is included as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

99.1 Earnings Release dated July 23, 2026

104 Cover page Interactive Data file (embedded within Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

OLD REPUBLIC INTERNATIONAL CORPORATION

Registrant

Date: July 23, 2026

By: /s/ Frank J. Sodaro

Frank J. Sodaro

Senior Vice President,

Chief Financial Officer, and

Chief Accounting Officer

EX-99.1

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Document

NEWS RELEASE

OLD REPUBLIC REPORTS RESULTS FOR THE SECOND QUARTER AND FIRST HALF 2026

CHICAGO – July 23, 2026 – Old Republic International Corporation (NYSE: ORI) – today reported the following results for the second quarter 2026:

•Net income of $322.3 million, compared to $204.4 million last year.

•Net income excluding investment gains (net operating income) of $186.0 million, compared to $209.2 million last year.

•Net operating income per diluted share of $0.76, compared to $0.83 last year.

•Consolidated net premiums and fees earned of nearly $2.1 billion, compared to nearly $2.0 billion last year.

•Net investment income of $182.0 million, compared to $171.5 million last year.

•Consolidated combined ratio of 95.3%, compared to 93.6% last year.

•Favorable loss reserve development of 0.1 points, compared to 2.1 points last year.

•Book value per share of $25.33, inclusive of dividends declared, up 7.2% since year-end 2025.

•Annualized operating return on equity of 12.1%.

•Total capital returned to shareholders of $137.4 million.

Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated.

OVERALL RESULTS ATTRIBUTABLE TO SHAREHOLDERS

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Net income $ 322.3 $ 204.4 $ 652.4 $ 449.5

Net of tax investment gains (losses) 136.2 (4.7) 295.7 38.5

Net income excluding investment gains (losses) $ 186.0 $ 209.2 (11.1)% $ 356.6 $ 410.9 (13.2)%

Combined ratio 95.3 % 93.6 % 96.0 % 93.7 %

PER DILUTED SHARE ATTRIBUTABLE TO SHAREHOLDERS

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Net income $ 1.31 $ 0.81 $ 2.63 $ 1.79

Net of tax investment gains (losses) 0.55 (0.02) 1.19 0.15

Net income excluding investment gains (losses) $ 0.76 $ 0.83 (9.3)% $ 1.44 $ 1.64 (12.3)%

SHAREHOLDERS' EQUITY (BOOK VALUE)

June 30, Dec. 31,

2026 2025 % Change

Total $ 6,072.8 $ 5,914.0 2.7 %

Per common share $ 25.33 $ 24.21 4.6 %

Old Republic International Corporation

Old Republic's business is managed for the long run. In this context, management's key objectives are to achieve highly profitable operating results over the long term, and to ensure balance sheet strength for the Company's obligations. Although Generally Accepted Accounting Principles (GAAP) uses net income as the measure of total profitability, management uses net income excluding net investment gains (losses) (net operating income), a non-GAAP financial measure, in its evaluation of periodic and long-term results.

In management's opinion, excluding investment gains (losses) from income provides a better way to analyze, evaluate, and establish accountability for the results of the insurance operations. The inclusion of realized investment gains (losses) in net income can mask trends in operating results because such realizations are often highly discretionary. Similarly, the inclusion of unrealized investment gains (losses) in equity securities can further distort such operating results with significant period-to-period fluctuations that are unrelated to the insurance operations. Net operating income, however, does not replace GAAP net income as a measure of total profitability.

FINANCIAL HIGHLIGHTS

Quarters Ended June 30, Six Months Ended June 30,

SUMMARY INCOME STATEMENTS: 2026 2025 % Change 2026 2025 % Change

Revenues:

Net premiums and fees earned $ 2,097.8 $ 1,994.6 5.2 % $ 4,070.0 $ 3,835.7 6.1 %

Net investment income 182.0 171.5 6.1 360.1 342.2 5.2

Other income 51.4 49.6 3.7 98.8 96.8 2.0

Total operating revenues 2,331.3 2,215.8 5.2 4,528.9 4,274.9 5.9

Net investment gains (losses):

Realized from actual transactions and

impairments 38.1 (2.4) 123.5 34.9

Unrealized from changes in fair value of

equity securities 134.2 (4.9) 250.7 12.7

Total net investment gains (losses) 172.4 (7.3) 374.3 47.7

Total revenues 2,503.8 2,208.5 4,903.3 4,322.6

Operating expenses:

Loss and loss adjustment expenses 896.7 830.6 8.0 1,737.0 1,608.4 8.0

Underwriting, acquisition, and other expenses 1,170.2 1,099.9 6.4 2,298.2 2,110.7 8.9

Interest and other charges 26.5 17.6 50.3 44.3 35.5 24.8

Total expenses 2,093.6 1,948.3 7.5 % 4,079.6 3,754.6 8.7 %

Pretax income 410.2 260.1 823.6 567.9

Income taxes 85.7 51.7 169.6 113.3

Total net income 324.4 208.4 653.9 454.5

Net income attributable to noncontrolling interests 2.0 3.9 1.5 5.0

Net income attributable to shareholders $ 322.3 $ 204.4 $ 652.4 $ 449.5

COMMON STOCK STATISTICS:

Components of net income per share:

Basic net income excluding investment gains (losses) $ 0.78 $ 0.85 (9.2)% $ 1.48 $ 1.68 (12.2)%

Net investment gains (losses):

Realized investment gains (losses) 0.12 (0.01) 0.40 0.11

Unrealized from changes in fair value of

equity securities 0.44 (0.01) 0.82 0.05

Basic net income $ 1.34 $ 0.83 $ 2.70 $ 1.84

Diluted net income excluding investment gains (losses) $ 0.76 $ 0.83 (9.3)% $ 1.44 $ 1.64 (12.3)%

Net investment gains (losses):

Realized investment gains (losses) 0.12 (0.01) 0.39 0.11

Unrealized from changes in fair value of

equity securities 0.43 (0.01) 0.80 0.04

Diluted net income $ 1.31 $ 0.81 $ 2.63 $ 1.79

Dividends declared on common stock $ 0.315 $ 0.290 8.6% $ 0.630 $ 0.580 8.6%

Old Republic International Corporation

The information presented in the following table highlights the most meaningful indicators of Old Republic's segmented and consolidated financial performance. The information underscores the performance of the operating companies, as well as the sound investment of their capital and underwriting cash flows.

Sources of Consolidated Income

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Net premiums and fees earned:

Specialty Insurance $ 1,323.8 $ 1,294.5 2.3 % $ 2,615.7 $ 2,528.1 3.5 %

Title Insurance 772.6 697.8 10.7 1,450.5 1,302.9 11.3

Corporate & Other 1.2 2.3 (45.6) 3.7 4.6 (19.2)

Consolidated $ 2,097.8 $ 1,994.6 5.2 % $ 4,070.0 $ 3,835.7 6.1 %

Underwriting income (loss): (a)

Specialty Insurance $ 59.3 $ 119.9 (50.5) % $ 126.5 $ 246.1 (48.6) %

Title Insurance 37.6 6.9 N/M 37.0 (5.2) N/M

Corporate & Other (14.7) (13.3) (10.6) (30.1) (27.4) (10.0)

Consolidated $ 82.2 $ 113.6 (27.6) % $ 133.5 $ 213.4 (37.5) %

Net investment income:

Specialty Insurance $ 159.5 $ 149.9 6.4 % $ 317.6 $ 299.9 5.9 %

Title Insurance 18.3 17.3 5.8 35.8 34.0 5.1

Corporate & Other 4.1 4.2 (2.3) 6.6 8.2 (19.5)

Consolidated $ 182.0 $ 171.5 6.1 % $ 360.1 $ 342.2 5.2 %

Interest and other charges:

Specialty Insurance $ 20.2 $ 16.1 $ 36.5 $ 32.1

Title Insurance — — 0.1 0.1

Corporate & Other (b) 6.2 1.5 7.6 3.2

Consolidated $ 26.5 $ 17.6 50.3 % $ 44.3 $ 35.5 24.8 %

Pretax income (loss) excluding investment

gains (losses):

Specialty Insurance $ 198.6 $ 253.7 (21.7) % $ 407.6 $ 513.9 (20.7) %

Title Insurance 55.9 24.2 130.5 72.7 28.6 153.9

Corporate & Other (16.8) (10.5) (59.2) (31.1) (22.3) (39.1)

Consolidated 237.7 267.5 (11.1) % 449.3 520.2 (13.6) %

Income taxes 49.5 54.3 91.0 104.1

Net income excluding investment

gains (losses) 188.1 213.2 (11.7) % 358.2 416.0 (13.9) %

Consolidated pretax investment gains (losses):

Realized from actual transactions

and impairments 38.1 (2.4) 123.5 34.9

Unrealized from changes in

fair value of equity securities 134.2 (4.9) 250.7 12.7

Total 172.4 (7.3) 374.3 47.7

Income taxes (credits) 36.2 (2.6) 78.6 9.1

Net of tax investment gains (losses) 136.2 (4.7) 295.7 38.5

Total net income 324.4 208.4 653.9 454.5

Net income attributable to

noncontrolling interests 2.0 3.9 1.5 5.0

Net income attributable to shareholders $ 322.3 $ 204.4 $ 652.4 $ 449.5

(a) Includes related services.

(b) Includes consolidation/elimination entries.

Old Republic International Corporation

Specialty Insurance Segment Operating Results

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Revenues:

Net premiums written $ 1,483.2 $ 1,361.0 9.0 % $ 2,822.6 $ 2,633.1 7.2 %

Net premiums earned 1,323.8 1,294.5 2.3 2,615.7 2,528.1 3.5

Other income 51.2 49.3 3.8 98.4 96.4 2.1

Expenses:

Loss and loss adjustment expenses 872.8 809.6 7.8 1,694.7 1,570.7 7.9

Underwriting, acquisition, and other expenses 442.9 414.2 6.9 892.8 807.7 10.5

Segment underwriting income 59.3 119.9 (50.5) 126.5 246.1 (48.6)

Add: Net investment income 159.5 149.9 6.4 317.6 299.9 5.9

Less: Interest and other charges 20.2 16.1 25.7 36.5 32.1 13.7

Segment pretax operating income $ 198.6 $ 253.7 (21.7) % $ 407.6 $ 513.9 (20.7) %

Loss ratio:

Current year 65.6 % 65.4 % 65.4 % 65.2 %

Prior years 0.3 (2.9) (0.6) (3.1)

Total 65.9 62.5 64.8 62.1

Expense ratio 29.6 28.2 30.4 28.1

Combined ratio 95.5 % 90.7 % 95.2 % 90.2 %

Specialty Insurance net premiums written reflects significant growth in a large auto warranty program which requires net premiums written to include the retail selling price of the service contract. Excluding the write-up to retail pricing from all auto warranty programs, net premiums written increased 1.6% and 2.2% for the quarter and first six months, respectively.

Net premiums earned increased 2.3% for the quarter and 3.5% for the first six months. Growth in the quarter was driven by a combination of premium rate increases and new business production, including an increasing contribution from new operating companies, partially offset by a decline in renewal retention ratios compared to last year. Commercial auto renewal retention improved slightly compared to the first quarter of 2026, while Specialty Insurance continued to prioritize rate. Earned premium growth was most pronounced within commercial auto, accident & health, general liability, property, and auto warranty coverages while workers' compensation and Canadian travel accident and trucking declined.

The increase in net investment income was primarily driven by a higher invested asset base.

The Specialty Insurance loss ratio increase was largely due to changes in prior year loss reserve development, while the current year loss ratio remained consistent. In the quarter, Specialty Insurance experienced unfavorable development of approximately $40 (3.0 points) from its run-off transactional risk business reported in financial indemnity. This unfavorable development was mostly offset by significant favorable development from commercial auto and property.

The expense ratio remains elevated due to continued investments in start-up operating companies which are not at scale, information technology modernization, data and analytics, and artificial intelligence, including the additional personnel costs to manage all of these key initiatives. Several of the information technology modernization efforts are entering a phase in which costs are being amortized while the systems being replaced are not yet decommissioned.

Together, these factors produced a profitable combined ratio and strong pretax operating income for the quarter and first six months. For Specialty Insurance, combined ratios between 90% and 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range, particularly with long-tailed lines of coverage.

Old Republic’s previously announced acquisition of Everett Cash Mutual Insurance Co. (ECM) and affiliated companies following its conversion to a stock company in a sponsored demutualization transaction closed effective July 1, 2026. ECM will be included in the Specialty Insurance segment beginning in the third quarter of 2026. Specialty Insurance expects to report a gain on the acquisition of approximately $125 subject to final valuations as of the closing date, and for the business to be accretive to earnings in 2026.

Old Republic International Corporation

Title Insurance Segment Operating Results

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Revenues:

Net premiums earned $ 699.3 $ 629.8 11.0 % $ 1,318.2 $ 1,176.8 12.0 %

Title, escrow, and other fees 73.3 67.9 7.9 132.2 126.1 4.9

Net premiums and fees earned 772.6 697.8 10.7 1,450.5 1,302.9 11.3

Other income 0.2 0.1 15.3 0.3 0.3 21.0

Expenses:

Loss and loss adjustment expenses 23.4 20.3 15.2 40.8 36.3 12.4

Underwriting, acquisition, and other expenses 711.8 670.7 6.1 1,372.9 1,272.1 7.9

Segment underwriting income (loss) 37.6 6.9 N/M 37.0 (5.2) N/M

Add: Net investment income 18.3 17.3 5.8 35.8 34.0 5.1

Less: Interest and other charges — — N/M 0.1 0.1 (14.2)

Segment pretax operating income $ 55.9 $ 24.2 130.5 % $ 72.7 $ 28.6 153.9 %

Loss ratio:

Current year 3.7 % 3.5 % 3.7 % 3.5 %

Prior years (0.7) (0.6) (0.9) (0.7)

Total 3.0 2.9 2.8 2.8

Expense ratio 92.1 96.1 94.6 97.6

Combined ratio 95.1 % 99.0 % 97.4 % 100.4 %

Title Insurance net premiums and fees earned increased 10.7% for the quarter and 11.3% for the first six months. Both agency and directly produced premiums experienced solid growth and continued strong commercial business production. Commercial premiums represented 25.4% of net premiums earned compared to 23.0% in the second quarter of last year.

Net investment income increased, reflecting a slightly higher invested asset base.

The Title Insurance loss ratio remained consistent with last year, reflecting a slightly higher level of favorable prior year loss reserve development offset by slightly higher current year losses. The second quarter and first half of 2025 expense ratios included approximately $15 (2.1 and 1.1 points, respectively) in litigation settlement expenses. Excluding that impact, the expense ratios for both 2026 periods improved as a result of expense management and scale, partially offset by a higher amount of agent commissions as a result of increased agency business compared to the direct operation.

Together, these factors produced higher pretax operating income for the quarter and first six months. For Title Insurance, combined ratios between 90% to 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range. Although Title Insurance has been navigating a difficult real estate environment over the last few years resulting in ratios in excess of this range, they continue to strive to come into range in the near term.

Old Republic International Corporation

Corporate & Other Operating Results

Quarters Ended June 30, Six Months Ended June 30,

2026 2025 % Change 2026 2025 % Change

Net premiums earned $ 1.2 $ 2.3 (45.6) % $ 3.7 $ 4.6 (19.2) %

Net investment income (a) 4.1 4.2 (2.3) 6.6 8.2 (19.5)

Operating revenues 5.4 6.6 (18.6) 10.3 12.8 (20.0)

Operating expenses 22.2 17.2 29.1 41.4 35.2 17.5

Corporate & Other pretax operating loss $ (16.8) $ (10.5) (59.2) % $ (31.1) $ (22.3) (39.1) %

(a) Net of elimination entries.

Corporate & Other includes a small life and accident insurance business, the parent holding company, and several internal corporate services subsidiaries. Net investment income was impacted by a lower portfolio yield and invested asset base due to the return of capital to shareholders, partially offset by proceeds from the May 2026 debt issuance. The Company issued $700 in Senior Notes in anticipation of the August 2026 maturity of the existing $550 Senior Notes. Operating expenses for both 2026 periods reflect the increased interest costs associated with the debt issuance.

Consolidated Balance Sheets

June 30, December 31,

2026 2025

Assets:

Fixed income securities (at fair value) $ 12,161.2 $ 12,709.8

Equity securities (at fair value) 2,679.0 2,487.7

Short-term investments (at fair value which approximates cost) 2,233.1 1,613.6

Other investments 17.8 27.7

Cash 417.7 263.2

Accrued investment income 142.5 141.1

Accounts and notes receivable 3,140.2 2,782.2

Reinsurance balances and funds held 385.7 404.5

Reinsurance recoverable 8,426.3 7,740.2

Deferred policy acquisition costs 814.8 636.2

Other assets 1,173.7 1,055.9

Total assets $ 31,592.4 $ 29,862.7

Liabilities and Equity:

Loss and loss adjustment expense reserves $ 15,326.9 $ 14,775.7

Unearned premiums 4,559.0 3,982.5

Other policyholders' benefits and funds held 183.5 177.8

Commissions, expenses, fees, and taxes 544.4 601.8

Reinsurance balances and funds held 1,689.5 1,428.0

Federal income tax: Deferred 262.9 219.3

Debt 2,284.0 1,589.9

Other liabilities 653.9 1,158.7

Total liabilities 25,504.5 23,934.2

Total shareholders' equity 6,072.8 5,914.0

Noncontrolling interests 15.0 14.4

Total equity 6,087.8 5,928.4

Total liabilities and equity $ 31,592.4 $ 29,862.7

Old Republic International Corporation

Investments

As of June 30, 2026, the consolidated investment portfolio reflected an allocation of approximately 84% to fixed income securities (bonds and notes) and short-term investments, and 16% to equity securities (common and preferred stocks). The investment management process remains focused on retaining quality investments that produce consistent streams of investment income, while monitoring concentration limits among the operating companies. The equity portfolio consists of high-quality common stocks of U.S. companies with long-term records of reasonable earnings growth and steadily increasing dividends.

The investment portfolio has extremely limited exposure to high risk or illiquid asset classes such as limited partnerships, derivatives, hedge funds or private equity investments. In addition, the Company does not engage in hedging or securities lending transactions, nor does it invest in securities with values predicated on non-regulated financial instruments with unfunded counterparty risk attributes.

Shareholders' Equity Per Share

Changes in shareholders' equity per share are reflected in the following table. These changes resulted mostly from net operating income, realized and unrealized investment gains (losses), and dividends to shareholders declared during the year.

Quarter Year

Ended Ended

June 30, Six Months Ended June 30, Dec. 31,

2026 2026 2025 2025

Beginning balance $ 24.53 $ 24.21 $ 22.84 $ 22.84

Changes in shareholders' equity:

Net income excluding net investment gains (losses) 0.78 1.48 1.68 3.23

Net of tax realized investment gains 0.12 0.40 0.11 0.65

Net of tax unrealized investment gains (losses):

Fixed income securities (0.14) (0.61) 0.75 1.02

Equity securities 0.44 0.82 0.05 (0.06)

Total net of tax realized and unrealized investment gains 0.42 0.61 0.91 1.61

Dividends declared (0.315) (0.630) (0.580) (3.660)

Other – net (0.09) (0.34) 0.29 0.19

Net change 0.80 1.12 2.30 1.37

Ending balance $ 25.33 $ 25.33 $ 25.14 $ 24.21

Change for the period 3.3 % 4.6 % 10.1 % 6.0 %

Change for the period, inclusive of dividends declared 4.5 % 7.2 % 12.6 % 22.0 %

Total capital returned to shareholders during the quarter was $137.4, comprised of $76.6 in dividends and $60.7 in share repurchases. For the first six months, total capital returned was $374.9, comprised of $153.3 in dividends and $221.5 in share repurchases.

Old Republic International Corporation

Financial Supplement

A financial supplement to this news release is available on the Company's website: www.oldrepublic.com

Conference Call Information

Old Republic has scheduled a conference call at 3:00 p.m. ET (2:00 p.m. CT) today to discuss its second quarter 2026 performance and to review major operating trends and business developments. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-800-715-9871, passcode 2246765. Interested parties may also listen to a replay of the call through July 30, 2026 by dialing 1-800-770-2030, passcode 2246765, or by accessing it on Old Republic's website.

About Old Republic

Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, Old Republic is a leader in underwriting and risk management services for business partners across the United States and Canada. Old Republic's specialized operating companies are experts in their fields, enabling them to provide tailored solutions that set them apart. For more information, please visit www.oldrepublic.com.

Forward-Looking Statements

Some of the oral or written statements made in the Company's reports, press releases, and conference calls following earnings releases, can constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include words such as "expect," "predict," "estimate," "will," "should," "anticipate," "believe," and similar expressions. Any such forward-looking statements involve assumptions, uncertainties, and risks that may affect the Company's future performance.

Historical data pertaining to the operating results, liquidity, and other performance indicators applicable to an insurance enterprise such as Old Republic are not necessarily indicative of results to be achieved in succeeding years. In addition to the factors cited below, the long-term nature of the insurance business, seasonal and annual patterns in premium production and incidence of claims, changes in yields obtained on invested assets, changes in government policies and free markets affecting inflation rates and general economic conditions, and changes in legal precedents or the application of law affecting the settlement of disputed and other claims can have a bearing on period-to-period comparisons and future operating results.

Old Republic's Specialty Insurance segment results can be affected by the level of market competition, which is typically a function of available capital and expected returns on such capital among competitors; general economic considerations, including the levels of investment yields, inflation rates, and the impacts of tariffs; periodic changes in claim frequency and severity patterns caused by natural disasters, weather conditions, accidents, illnesses, and work-related injuries; claims development and the impact on loss reserves; adequacy and availability of reinsurance; uncertainties in underwriting and pricing risks; and unanticipated external events. Old Republic's Title Insurance segment results can be affected by similar factors, and by changes in national and regional housing demand and values, the availability and cost of mortgage loans, and employment trends. Life and accident insurance earnings can be affected by the levels of employment and consumer spending, changes in mortality and health trends, and alterations in policy lapsation rates. At the parent holding company level, operating earnings or losses are generally reflective of the amount of debt outstanding and its cost, interest income, the levels of investments held, and period-to-period variations in the costs of administering the Company's widespread operations. In addition, results could be particularly affected by technology and security breaches or failures, including cybersecurity incidents.

A more detailed listing and discussion of the risks and other factors which affect the Company's risk-taking insurance business are included in Part I, Item 1A - Risk Factors, of the Company's 2025 Form 10-K, and the various risks, uncertainties, and other factors that are included from time to time in other Securities and Exchange Commission filings.

Any forward-looking statements or commentaries speak only as of their dates. Old Republic undertakes no obligation to publicly update or revise any and all such comments, whether as a result of new information, future events or otherwise, and accordingly they may not be unduly relied upon.

At Old Republic:

At Financial Relations Board:

Craig R. Smiddy, President and Chief Executive Officer

Analysts/Investors: Joe Calabrese/jcalabrese@mww.com

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Jul. 23, 2026

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Document Type

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Document Period End Date

Jul. 23, 2026

Entity Registrant Name

OLD REPUBLIC INTERNATIONAL CORPORATION

Entity Incorporation, State or Country Code

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Entity Address, Address Line One

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Local Phone Number

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Area code of city

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Cover page.

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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-Publisher SEC

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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