4th Quarter 2023 Highlights

OLD REPUBLIC Investment Portfolio The investment portfolio is high-grade, transparent and liquid Fixed Income 99% Investment grade A+ average quality 3.7 duration 4.7% market yield (4.0% book yield) 99% marketable securities Investment Mix at 4Q23 $15.8 O 83% billion 17% Equities Blue Chip, Value & Utilities 3.4% dividend yield Approximately 75 issuers No exposure to real estate, CDOs, derivatives, hybrids or illiquid private equity and hedge fund investments Investment Income Millions $700 $600 $500 $400 $300 $200 $578 2015 2016 2017 2018 2019 2020 2021 2022 2023 19

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