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June 25, 2012 /PRNewswire/ --
Old Republic International Corporation (NYSE: ORI) today announced that it will hold a conference call to discuss the decision to withdraw the spin-off of its RFIG subsidiary's stock to ORI shareholders. The decision was announced this past Friday through the accompanying news release.
Conference Call Information
The conference call is scheduled to take place at
11:00 a.m. EDT (
10:00 a.m. CDT)
Tuesday, June 26, 2012, to discuss the news release of
June 22, 2012. To access this call, please log on to the Company's website at
www.oldrepublic.com 15 minutes before the call to download the necessary software.
Investors may access a replay of the call by dialing 877-870-5176, passcode 5231344, which will be available through
July 3, 2012. The replay will also be available on Old Republic International's website.
About Old RepublicChicago-based Old Republic International Corporation is one of the nation's 50 largest publicly held insurance organizations. Its most recent financial statements reflect consolidated assets of approximately
$16.1 billion and common shareholders' equity of
$3.77 billion, or
$14.74 per share. Its currently quoted stock market valuation is approximately
$2.4 billion, or
$9.27 per share.
Old Republic is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity lines has devolved to a run-off operating mode in recent times.
The nature of Old Republic's business requires that it be managed for the long run. For the 25 years ended in 2011, the Company's total market return, with dividends reinvested, has grown at a compound annual rate of 9.1 percent per share. For the same period, the total market return, with dividends reinvested, for the S&P 500 Index has grown at a 9.3 percent compound annual rate. During those years, Old Republic's shareholders' equity account, including cash dividends, has risen at an average annual rate of 10.8 percent per share, and the regular cash dividend has grown at a 10.0 percent compound annual rate. According to the most recent edition of
Mergent's Dividend Achievers, Old Republic is one of just 91 qualifying companies, out of several thousand publicly held U.S. corporations, that have posted at least 25 consecutive years of annual dividend increases.
For the latest news releases and other corporate documents on Old Republic International visit www.oldrepublic.com