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OLD REPUBLIC ANNOUNCES SPECIAL DIVIDEND

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Old Republic International (NYSE: ORI) has declared a special cash dividend of $2.00 per share, payable on January 15, 2025, to shareholders of record on January 3, 2025, returning approximately $500 million to shareholders. The company has purchased $174 million under a $1.1 billion share repurchase program, with $240 million remaining available.

Since December 31, 2019, ORI has returned over $4 billion to shareholders through share repurchases and dividends. The company's current annualized regular cash dividend rate of $1.06 per share represents an 8.2% increase from 2023, marking the 43rd consecutive year of dividend increases and 83rd year of uninterrupted regular dividend payments.

Old Republic International (NYSE: ORI) ha dichiarato un dividendo straordinario in contanti di $2,00 per azione, pagabile il 15 gennaio 2025, agli azionisti registrati il 3 gennaio 2025, restituendo circa $500 milioni agli azionisti. L'azienda ha riacquistato $174 milioni nell'ambito di un programma di riacquisto di azioni da $1,1 miliardi, con $240 milioni ancora disponibili.

Dal 31 dicembre 2019, ORI ha restituito oltre $4 miliardi agli azionisti attraverso riacquisti di azioni e dividendi. L'attuale tasso di dividendo regolare annualizzato in contanti dell'azienda è di $1,06 per azione, il che rappresenta un aumento dell'8,2% rispetto al 2023, segnando il 43° anno consecutivo di aumenti dei dividendi e il 83° anno di pagamenti regolari di dividendi ininterrotti.

Old Republic International (NYSE: ORI) ha declarado un dividendo en efectivo especial de $2.00 por acción, que se pagará el 15 de enero de 2025, a los accionistas registrados el 3 de enero de 2025, devolviendo aproximadamente $500 millones a los accionistas. La empresa ha adquirido $174 millones bajo un programa de recompra de acciones de $1.1 mil millones, quedando disponibles $240 millones.

Desde el 31 de diciembre de 2019, ORI ha devuelto más de $4 mil millones a los accionistas a través de recompras de acciones y dividendos. La tasa actual de dividendo regular anualizado en efectivo de la compañía es de $1.06 por acción, lo que representa un aumento del 8.2% respecto a 2023, marcando el 43º año consecutivo de aumentos de dividendos y el 83º año de pagos regulares de dividendos ininterrumpidos.

올드 리퍼블릭 인터내셔널 (NYSE: ORI)주당 $2.00의 특별 현금 배당금을 선언하였으며, 2025년 1월 15일에 2025년 1월 3일 기준 주주에게 지급합니다. 이는 주주에게 약 $5억 달러를 환급하는 것입니다. 이 회사는 11억 달러 규모의 자기주식 매입 프로그램 하에 1억 7,400만 달러를 매입하였으며, 2억 4,000만 달러가 아직 남아 있습니다.

2019년 12월 31일 이후, ORI는 자기주식 매입과 배당금을 통해 주주에게 40억 달러 이상을 환급하였습니다. 회사의 현재 연간 정규 현금 배당률은 주당 $1.06으로, 이는 2023년 대비 8.2% 증가한 것으로, 43년 연속 배당금 증가를 기록하며 83년 연속 정기 배당금 지급을 이어가고 있습니다.

Old Republic International (NYSE: ORI) a déclaré un dividende exceptionnel en espèces de 2,00 $ par action, payable le 15 janvier 2025, aux actionnaires enregistrés le 3 janvier 2025, retournant environ 500 millions de dollars aux actionnaires. L'entreprise a racheté pour 174 millions de dollars d'actions dans le cadre d'un programme de rachat d'actions de 1,1 milliard de dollars, avec 240 millions de dollars encore disponibles.

Depuis le 31 décembre 2019, ORI a restitué plus de 4 milliards de dollars aux actionnaires par le biais de rachats d'actions et de dividendes. Le taux de dividende régulier annualisé actuel de l'entreprise est de 1,06 $ par action, ce qui représente une augmentation de 8,2 % par rapport à 2023, marquant la 43e année consécutive d'augmentation des dividendes et la 83e année de paiements de dividendes réguliers sans interruption.

Old Republic International (NYSE: ORI) hat eine erklärt, die am 15. Januar 2025 an Aktionäre gezahlt wird, die am 3. Januar 2025 registriert sind, was etwa 500 Millionen Dollar an die Aktionäre zurückgibt. Das Unternehmen hat im Rahmen eines Aktienrückkaufprogramms in Höhe von 1,1 Milliarden Dollar Aktien im Wert von 174 Millionen Dollar zurückgekauft, wobei noch 240 Millionen Dollar verfügbar sind.

Seit dem 31. Dezember 2019 hat ORI über 4 Milliarden Dollar an die Aktionäre durch Aktienrückkäufe und Dividenden zurückgegeben. Der aktuelle annualisierte reguläre Bardividendenbetrag des Unternehmens beträgt 1,06 $ pro Aktie, was einer Erhöhung von 8,2 % gegenüber 2023 entspricht und das 43. Jahr in Folge markiert, in dem die Dividende erhöht wurde, sowie das 83. Jahr ununterbrochener regelmäßiger Dividendenzahlungen.

Positive
  • Special dividend of $2.00 per share announced, returning $500M to shareholders
  • Active share repurchase program with $240M still available
  • 43rd consecutive year of dividend increases
  • 83 years of uninterrupted dividend payments
  • Over $4B returned to shareholders since December 2019
  • 20% reduction in shares outstanding over past 2.5 years
  • 8.2% increase in regular dividend rate to $1.06 per share
Negative
  • None.

CHICAGO, Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI)today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders.

In the fourth quarter to date, Old Republic has purchased $174 million under a $1.1 billion share repurchase authorization approved by the Board on February 29, 2024, of which approximately $240 million remains available. Under the share repurchase program, Old Republic may continue to purchase shares on a discretionary basis from time to time through open market purchases, private negotiated transactions or other means.

In reaching its decision to declare the special dividend, the Board of Directors evaluated such factors as the current and foreseeable liquidity and capital needs of the parent holding company and its insurance company subsidiaries.

Craig R. Smiddy, President and CEO, commented, "Old Republic continues to perform at a high level, generating excess capital that can be returned to shareholders. Today's announcement of a $2.00 special dividend complements our ongoing share repurchase programs that in the last two and a half years have returned over $1.7 billion to shareholders and reduced shares outstanding by over 20%. These actions reflect the strength of our balance sheet and continued confidence in the growth and earnings potential of our diversified portfolio of specialty insurance businesses."

Since December 31, 2019, Old Republic has returned over $4 billion to shareholders through share repurchases and regular and special cash dividends. Its current annualized regular cash dividend rate of $1.06 per share represents an 8.2% increase from 2023, marks the 43rd consecutive year that Old Republic has increased its regular cash dividend, and the 83rd 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. Old Republic's general insurance business ranks among the nation's 50 largest, while its title insurance business is the third largest in its industry.

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

 


At Old Republic:


At Financial Relations Board:


Craig R. Smiddy: President and Chief Executive Officer


Analysts/Investors: Joe Calabrese 212/827-377

 

Cision View original content:https://www.prnewswire.com/news-releases/old-republic-announces-special-dividend-302330863.html

SOURCE Old Republic International Corporation

FAQ

When will Old Republic (ORI) pay its $2.00 special dividend?

Old Republic will pay the $2.00 special dividend on January 15, 2025, to shareholders of record on January 3, 2025.

How much money remains in ORI's share repurchase program?

Approximately $240 million remains available in Old Republic's $1.1 billion share repurchase program.

How much has ORI returned to shareholders since December 2019?

Old Republic has returned over $4 billion to shareholders through share repurchases and regular and special cash dividends since December 31, 2019.

What is Old Republic's current annual regular dividend rate?

Old Republic's current annualized regular cash dividend rate is $1.06 per share, representing an 8.2% increase from 2023.

How many consecutive years has ORI increased its regular dividend?

Old Republic has increased its regular cash dividend for 43 consecutive years.

How much has ORI reduced its shares outstanding in recent years?

Old Republic has reduced its shares outstanding by over 20% in the last two and a half years through share repurchases.

Old Republic International Corporation

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