Old Republic International Corporation Business Overview

OLD REPUBLIC INTERNATIONAL CORPORATION Title Insurance - Profit Consistently low single-digit loss ratios have enabled Title to generate rising income from both growth and margin improvement Combined Ratio ☐ Currently running low 90's ☐ Low and consistent loss ratios Pretax Operating Income ☐ Overweight in agency distribution Variable acquisition cost mitigates impact of a housing market decline 115.0 110.0 105.0 ☐ 4.7% average last 15 years $600 $500 $400 100.0 95.0 91.7 90.0 Millions $300 $200 85.0 $100 80.0 $- 75.0 70.0 $(100) 08 09 10 11 12 13 14 15 16 17 18 19 20 21 6M22 Expense Ratio Loss Ratio $463 08 09 10 11 12 13 14 15 16 17 18 19 20 21LTM 16

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