Old Republic International Corporation Business Overview

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 $91 million from a peak of $2 billion □ Shareholders Equity stands at $327 million, reflecting $37 million, $100 million and $70 million extracted in 2020, 2021 and 2022, respectively Run-off operations have developed favorably each of the last 6 years Runoff Reserves $2,500 $2,000 $1,500 $1,000 $500 $- 12 13 14 15 16 17 18 19 20 20 Runoff Shareholders Equity $600 $500 $400 $327 Millions $300 $200 $100 $- $91 $(100) 21 6M22 12 13 14 15 16 17 18 19 20 21 6M22 21

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