Old Republic authorizes $750M share repurchase program, succeeding $1.1B program

OLD REPUBLIC INTERNATIONAL CORP

Board authorized new $750M buyback program; will start after completing ~$162M left under prior $1.10B program announced March 2024.
Since Dec 2020, Old Republic has returned over $4.2B to shareholders via dividends and share repurchases.
Annualized regular dividend raised 9.4% to $1.16 per share, marking 44th consecutive annual increase and 84th year of uninterrupted payments.
CEO Craig Smiddy cited confidence in balance sheet and earnings; company has retired over 20% of shares in the last three years.

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