Run-Off Overview and Dividend Record

Millions OLD REPUBLIC INTERNATIONAL CORPORATION Run-Off Overview Run-off reserves have diminished substantially, de-risking the business and driving excess capital creation ☐ Mortgage insurance placed into run-off in 2011 Runoff reserves have declined to $112 million from a peak of $2 billion ☐ Shareholders Equity stands at $391 million, reflecting $37 million and $100 million extracted in 2020 and 2021, respectively Run-off operations have developed favorably each of the last 6 years Runoff Reserves $2,500 $2,000 $1,500 $1,000 $500 $- 11 12 13 14 15 16 17 18 19 20 Runoff Shareholders Equity $600 $500 $400 Millions $300 $200 $100 $- $111 $(100) 21 21 11 12 13 14 15 16 17 18 19 19 20 20 21 24 21 $391

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