Run-Off Overview and Dividend Record

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 4.7% average last 15 years Pretax Operating Income ☐ Overweight in agency distribution Variable acquisition cost mitigates impact of a housing market decline 115.0 $600 $516 110.0 $500 105.0 $400 100.0 95.0 $300 89.3 90.0 $200 85.0 $100 80.0 $- 75.0 70.0 $(100) 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 Expense Ratio Loss Ratio 16

View entire presentation