CHICAGO, Sept. 3, 2015 /PRNewswire/ -- Old Republic
International Corporation (NYSE: ORI) today reported that its
Employees Savings & Stock Ownership Plan ("ESSOP") planned to
acquire up to 2,200,000 Old Republic common shares in open market
purchases, as market conditions may warrant. As of
June 30, 2015 the ESSOP held
approximately 12.9 million ORI common shares or approximately 4.9%
of all shares then outstanding. Assuming all 2.2 million
shares are ultimately acquired, the ESSOP would own approximately
15.1 million ORI common shares or approximately 5.8% of all
currently outstanding common shares.
About Old Republic
Chicago-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 $17.27 billion and common shareholders'
equity of $3.93 billion, or
$15.16 per share. Its current stock
market valuation is approximately $4.04
billion, or $15.25 per
share.
The Company 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 years.
For the latest news releases and other
corporate documents on Old Republic:
Please write
to:
Investor Relations
Old Republic
International Corporation
307 North Michigan
Avenue
Chicago,
IL 60601
312-346-8100
or visit us at
www.oldrepublic.com
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SOURCE Old Republic International Corporation