4th Quarter 2023 Highlights

OLD REPUBLIC Reserve Development Reserve development has been favorable in each segment Each segment had favorable development each of the last three years (Favorable)/Unfavorable Development % of Net Premiums & Fees Earned 8.0% ☐ On a consolidated basis, 6.0% reserves have developed 4.0% favorably in 9 of the last 10. years 2.0% 0.0% ☐ Disciplined and conservative reserving is a core element of -2.0% ORI's strategy -4.0% -6.0% -8.0% 14 15 16 17 18 19 20 20 21 221 IT 22 22 23 23 20

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