Old Republic International : Fourth Quarter Presentation
ORI
Managing Old Republic for the Long Run
Investor Presentation 4th Quarter 2021
Preliminary Matters
Forward Looking Statements
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "expect," "estimate," "anticipate," "predict" and similar expressions, and the negatives thereof, often identify forward-looking statements, which are not limited to historical facts. Forward-looking statements include, among other things: future guidance; projected annual revenues resulting from new or existing products or services; dividends; statements, express or implied, concerning future operating results, the ability to generate premium, income or cash flow; and Old Republic's business and growth strategies and expected growth and performance. Although Old Republic believes these statements are based upon reasonable assumptions, they involve risks and uncertainties relating to operations, markets and the business environment generally. If one or more of these risks or uncertainties materializes, or underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Readers are advised to consult further disclosures on these risks and uncertainties, particularly in Item 1A, "Risk Factors", of Old Republic's Annual Report on Form 10-K for the year ended December 31, 2020 and in its subsequent filings with the Securities and Exchange Commission. All forward-looking statements included in this presentation are based upon information available, and it assumes no obligation to update them.
Non-GAAP Financial Measures
This presentation provides information which includes certain financial measures that‐are not in accordance with U.S. generally accepted accounting principles ("GAAP"). Management discloses non GAAP information to provide investors‐with additional information to analyze Old Republic's performance and underlying trends. Management uses non GAAP measures that exclude certain items in order to better assess‐operating performance and help investors compare results‐ with our previous performance. Old Republic's‐non GAAP information is not necessarily comparable to the non GAAP information used by other companies. Non GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of Old Republic's profitability or financial position. Readers should consider the types of events and transactions for which adjustments have been made.
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Managing Old Republic for the Long Run
A history dating back 98years
Total Market Return of 17.7%
per share for past 10 years
NYSE listed since 1990 and
publicly listed since 1967
Member of the Fortune 500
listing of America's largest companies
One of America's 50 Largest
shareholder-owned insurance businesses
#3 Title insurer in the nation
Primarily a Specialty Commercial
Lines underwriter serving the insurance needs of a large number of organizations, including many of America's leading industrial and financial services institutions and national provider of Title Insurance to residential and commercial markets
80 years of cash dividends
without interruption
Annual cash dividend raised for each of
the past 40 years
One of just 111 companies that have posted
at least 25 consecutive years
of annual dividend growth according
to Mergent's Dividend Achievers
$2.5 billion of dividends
declared since 12.31.16
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Shareholder Returns are Driven by Our Long-Term Focus
Diversification & Integration across carefully chosen insurance markets drive stable & sustainable results
Cyclical &
regulatory industry
dynamics
necessarily drive a focus on long term results
Industry
specialization & risk management expertise drive underwriting excellence
Our reputation for customer service, financial strength, underwriting and trust drive our business
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Key Metrics
Market Cap / Stock price (NYSE: ORI)
$7.56 billion / $24.58
Shareholders' Equity / BVPS
$6.89 billion / $22.76
Trailing 4
Quarter Operating Income / EPS
$935.9 million / $3.08
Trailing 4
Quarter Operating ROE
15.1%
Regular Dividend / Yield
$0.88 / 3.6%
A.M. Best (Financial Strength Rating)
A+ (P&C) and A+ (Title)
Employees
9,600
Insider and Employee Ownership
8.5%
Note: Market and financial data as of December 31, 2021
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Disclaimer
Old Republic International Corporation published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 22:35:06 UTC.