Our parent Company, Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has authorized a new $750 million share repurchase program. This new $750 million program will commence immediately following the completion of the approximately $162 million that remains authorized under the $1.10 billion share repurchase program announced on March 1, 2024.
Craig R. Smiddy, President and CEO, commented, “Today’s announcement authorizing the return of up to an additional $750 million to shareholders continues a long history of prudent capital management that includes retiring over 20% of our shares in the last three years. It reflects the strength of our balance sheet and continued confidence in the growth and earnings potential of our diversified portfolio of specialty insurance businesses.”
For more details, review the complete new release from ORI.