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Old Republic International Corporation (ORI)


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Old Republic International Corporation

307 North Michigan Avenue
Chicago, IL 60601
United States
312-346-8100

SectorFinancial
IndustryProperty & Casualty Insurance
Full Time Employees8,500

Key Executives

NameTitlePayExercisedAge
Mr. Aldo Charles ZucaroChairman and Chief Exec. Officer1.55MN/A78
Prof. R. Scott RagerPres, Chief Operating Officer, Pres of Old Republic Gen. Insurance Companies and Sr. VP of Gen. Insurance1.15MN/A68
Mr. Karl W. MuellerChief Financial Officer and Sr. VP692.56kN/A58
Mr. Rande K. YeagerChairman of Old Republic Title Insurance Co., CEO & SVP of Old Republic Title Insurance Co.1.22MN/A68
Mr. Craig R. SmiddyPres & COO of Old Republic Gen. Insurance Group Inc972.63kN/A53
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business. The General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, directors and officers, fidelity, guaranteed asset protection, and surety. This segment provides its insurance products to businesses, government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. The Title Insurance Group segment offers lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. This segment also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and various other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment offers private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. It is also involved in the consumer credit indemnity run-off business. Old Republic International Corporation was founded in 1887 and is based in Chicago, Illinois.

Corporate Governance

Old Republic International Corporation’s ISS Governance QualityScore as of July 1, 2017 is 10. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 10; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.