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Old Republic International Corporation (NYSE:ORI), a Chicago-based insurance company with a market capitalization of $9.37 billion and current stock price of $38.45, announced today the filing of a prospectus supplement with the U.S. Securities and Exchange Commission (SEC). This filing pertains to the registration of the offer and resale of up to 1,286,700 shares of its common stock by identified selling shareholders.
The shares involved in this prospectus supplement are already issued and outstanding. Consequently, the resale of these shares by the selling stockholders will not affect the total number of issued and outstanding shares of Old Republic’s common stock. The prospectus supplement was filed under the company’s automatic shelf registration statement on Form S-3 (File No. 333-277713), also known as the Registration Statement.
In conjunction with this filing, Old Republic is also providing the legal opinion of its Assistant Vice President and Assistant General Counsel, Victoria Pool (NASDAQ:POOL). This legal opinion is included as Exhibit 5.1 in the filing and is incorporated by reference into both the current report and the Registration Statement.
Old Republic International Corporation, incorporated in Delaware with fiscal year-end on December 31, is primarily engaged in the surety insurance industry. The company’s common stock, with a par value of $1.00 per share and trading under the ticker symbol ORI, is registered on the New York Stock Exchange. Trading near its 52-week high with a P/E ratio of 12.36 and an attractive dividend yield of 3.02%, the company has maintained dividend payments for 55 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with 10+ additional insights available to subscribers through the comprehensive Pro Research Report.
This news article is based on a press release statement.
In other recent news, Old Republic International Corporation reported its financial results for the first quarter of 2025, surpassing analysts’ expectations with an earnings per share (EPS) of $0.81, compared to a forecast of $0.76. The company also reported revenue of $2.06 billion, exceeding the anticipated $2.03 billion. This performance was largely driven by the growth in the specialty insurance division. Additionally, Old Republic disclosed a leadership change at its subsidiary, BITCO Insurance Companies, with Meyer Lehman appointed as the new president. This strategic move is part of Old Republic’s succession planning to ensure continued growth and operational improvements. In another development, Old Republic filed a prospectus supplement with the U.S. Securities and Exchange Commission for the resale of 2.83 million shares by an existing stockholder. This filing is part of an automatic shelf registration statement, allowing the selling stockholder to offer and resell already issued shares. These recent developments highlight Old Republic’s focus on growth, leadership continuity, and shareholder engagement.
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