Old Republic authorizes new $750 million share repurchase program

CHICAGO - Old Republic International Corporation (NYSE:ORI), a property and casualty insurer with a market capitalization of $9.28 billion and a "GREAT" financial health score according to InvestingPro, announced Tuesday its Board of Directors has authorized a new $750 million share repurchase program, which will begin after the completion of the approximately $162 million remaining from its previous $1.10 billion program announced in March 2024.

The insurance company said the new program will allow it to purchase shares on a discretionary basis through open market purchases, private negotiations, or other means. The timing and amount of transactions will be based on valuation, market conditions, and other considerations.

The repurchase program has no expiration date and does not require the purchase of any minimum number of shares. It may be suspended, modified, or discontinued at any time without prior notice, according to the company’s statement.

"Today’s announcement authorizing the return of up to an additional $750 million to shareholders continues a long history of prudent capital management that includes retiring over 20% of our shares in the last three years," said Craig R. Smiddy, President and CEO of Old Republic.

Since December 31, 2020, Old Republic has returned over $4.2 billion to shareholders through regular and special cash dividends and share repurchases. The company’s current annualized regular cash dividend rate of $1.16 per share represents a 9.4% increase from 2024 and marks the 44th consecutive year of dividend increases. InvestingPro data reveals an impressive 55-year streak of consistent dividend payments, with the stock currently yielding 3.05%.

Old Republic, founded in 1923, operates diverse property & casualty and title insurance companies across the United States and Canada.

The announcement was made in a press release issued by the company.

In other recent news, Old Republic International Corporation reported better-than-expected earnings for the second quarter of 2025. The company achieved an earnings per share of $0.83, surpassing analysts’ forecasts of $0.81. Additionally, Old Republic’s revenue reached $2.21 billion, exceeding the projected $2.18 billion. In a separate announcement, Old Republic declared a regular quarterly cash dividend of 29 cents per share, payable on September 15, 2025. This dividend represents a 9.4% increase from the previous year, bringing the annual dividend to $1.16 per share for 2025. These developments reflect the company’s ongoing financial performance and commitment to returning value to shareholders. Despite the positive earnings report, the company’s stock experienced a decline in aftermarket trading, influenced by broader market conditions.

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