Old Republic shareholders approve board nominees

In a recent 8-K filing with the Securities and Exchange Commission (SEC), Old Republic International Corporation (NYSE:ORI), a $9.2 billion market cap surety insurance firm currently trading at an attractive P/E ratio of 12.15, reported the outcomes of its Annual Meeting of Shareholders held on May 22, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations. The company announced that shareholders voted on three key proposals, including the election of directors, ratification of the independent auditor, and an advisory vote on executive compensation.

The shareholders elected four nominees to the board: Steven J. Bateman, Lisa J. Caldwell, Glenn W. Reed, and Therace M. Risch. The votes for each nominee were overwhelmingly in favor, with a significant number of votes withheld and zero broker non-votes. This strong shareholder participation comes as the company maintains robust financial performance, with a year-to-date return of 11.48% and an attractive dividend yield of 3.07%.

Additionally, the shareholders ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm for the year 2025. The proposal was approved with a vast majority of the votes cast in favor, a smaller amount against, and a nominal number of abstentions.

Finally, in an advisory capacity, shareholders endorsed the executive compensation proposal with a substantial majority voting for it, a lesser number against, and some abstentions. Broker non-votes were not applicable to this proposal.

The detailed results for each proposal, including the exact number of votes for, against, abstentions, and broker non-votes, were provided in the filing. These results confirm the decisions made by the shareholders regarding the governance and accountability mechanisms of Old Republic International Corporation. Notably, InvestingPro data reveals management’s confidence through aggressive share buybacks, while the company has maintained dividend payments for an impressive 55 consecutive years. For deeper insights into ORI’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

The 8-K filing, which serves as the source of this information, was filed on May 28, 2025, and contains no forward-looking statements or marketing language. The report strictly adheres to the facts presented during the Annual Meeting of Shareholders and the subsequent official results.

In other recent news, Old Republic International Corporation reported its financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.81, exceeding the forecast of $0.76, and reported revenue of $2.06 billion, which was above the anticipated $2.03 billion. The company’s specialty insurance division contributed significantly to this growth, with a 21% increase in EPS year-over-year. In a separate development, Old Republic filed a prospectus supplement with the SEC for the resale of up to 2.83 million shares of common stock, indicating that these shares are already issued and will not increase the total number of shares on the market. Additionally, Old Republic announced a leadership change within its subsidiary, BITCO Insurance Companies, appointing Meyer Lehman as the new president. This move reflects the company’s strategic planning for sustained growth. Furthermore, Old Republic filed another prospectus supplement for the resale of 1,286,700 shares by identified shareholders. These recent developments highlight Old Republic’s active management of both its financial performance and corporate structure.

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