Old Republic International Corp 8-K, filed Aug 16, 2021
Old Republic International Corp (ORI)
8-K
2021-08-16
For: 2021-08-12
View Original
Added on
July 04, 2026
About this 8-K
Old Republic International Corp filed this 8-K on August 16, 2021, reporting on events of August 12, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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) August 12, 2021
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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):
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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).
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Item 8.01 Other Events.
At its quarterly meeting held on August 12, 2021, the Board of Directors of Old Republic International Corporation declared a quarterly cash dividend of $0.22 per common share to be paid on September 15, 2021 to shareholders of record on September 1, 2021.
Additional information related to these events is contained in the attached News Release.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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: August 16, 2021 | By: /s/ Thomas A. Dare | |||||||
| Thomas A. Dare | ||||||||
| Senior Vice President, | ||||||||
| Secretary and General Counsel | ||||||||
NEWS RELEASE At Old Republic: At Financial Relations Board: Craig R. Smiddy, President and CEO Analysts/Investors: Joe Calabrese 212/827-3772 Old Republic Declares Regular 22 Cent Third Quarter Cash Dividend CHICAGO – August 13, 2021 -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has declared a regular quarterly cash dividend on the common stock of 22 cents per common share. This dividend is payable on September 15, 2021 to shareholders of record on September 1, 2021. Subject to Board approval of each quarter’s new rate, the full year’s cash dividend will amount to 88 cents per share compared to 84 cents paid in 2020. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America’s largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years. Old Republic’s general insurance business ranks among the nation’s 50 largest, while its title insurance operations are the third largest in its industry. The nature of Old Republic's business requires that it be managed for the long run. Its consistent and reliable cash dividend policy reflects this long-term orientation. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. Here's a summary of recent years' total book and market returns, which includes the addition and reinvestment of cash dividend payments, in comparison with the financial performance of three selected indices similarly developed. ORI Selected Indices' Compounded Annual Annual Total Annual Returns Book Value Market Value Nominal S & P Compounded Compounded Gross S & P P&C Total Total Domestic 500 Insurance Return Return Product Index Index Ten Years 2001 – 2010 8.0% 1.9% 3.9% 1.4% 1.0% Ten Years 2011 – 2020 8.8% 9.9% 3.3% 13.9% 14.3% Twenty Years 2001 – 2020 8.4% 5.8% 3.6% 7.5% 7.4% First Six Months 2020 – only 0.6% -25.4% -10.2% -3.1% -13.5% First Six Months 2021 – only 11.0% 35.8% 5.1%* 15.2% 8.9% *Estimated For Old Republic’s latest news releases and other corporate documents: Please visit us at www.oldrepublic.com Alternatively, please write or call: Investor Relations Old Republic International Corporation 307 North Michigan Avenue, Chicago, IL 60601 (312) 346-8100