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Old Republic International Management
Management criteria checks 2/4
Old Republic International's CEO is Craig Smiddy, appointed in Jun 2018, has a tenure of 4.83 years. total yearly compensation is $4.54M, comprised of 19.6% salary and 80.4% bonuses, including company stock and options. directly owns 0.067% of the company’s shares, worth MX$87.71M. The average tenure of the management team and the board of directors is 3.5 years and 7.2 years respectively.
Key information
Craig Smiddy
Chief executive officer
US$4.5m
Total compensation
| CEO salary percentage | 19.6% |
| CEO tenure | 4.8yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.5yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | US$5m | US$890k | US$686m |
| Sep 30 2022 | n/a | n/a | US$801m |
| Jun 30 2022 | n/a | n/a | US$982m |
| Mar 31 2022 | n/a | n/a | US$1b |
| Dec 31 2021 | US$2m | US$863k | US$2b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$2m | US$808k | US$559m |
| Sep 30 2020 | n/a | n/a | US$315m |
| Jun 30 2020 | n/a | n/a | US$272m |
| Mar 31 2020 | n/a | n/a | US$39m |
| Dec 31 2019 | US$2m | US$664k | US$1b |
| Sep 30 2019 | n/a | n/a | US$674m |
| Jun 30 2019 | n/a | n/a | US$746m |
| Mar 31 2019 | n/a | n/a | US$779m |
| Dec 31 2018 | US$1m | US$582k | US$371m |
| Sep 30 2018 | n/a | n/a | US$777m |
| Jun 30 2018 | n/a | n/a | US$548m |
| Mar 31 2018 | n/a | n/a | US$451m |
| Dec 31 2017 | US$1m | US$495k | US$561m |
| Sep 30 2017 | n/a | n/a | US$393m |
| Jun 30 2017 | n/a | n/a | US$458m |
| Mar 31 2017 | n/a | n/a | US$457m |
| Dec 31 2016 | US$1m | US$485k | US$467m |
Compensation vs Market: Craig's total compensation ($USD4.54M) is above average for companies of similar size in the MX market ($USD2.75M).
Compensation vs Earnings: Craig's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Craig Smiddy (58 yo)
4.8yrs
Tenure
US$4,540,010
Compensation
Mr. Craig Richard Smiddy has been President and Director of Republic Credit Indemnity Company since 2019. Mr. Smiddy has been Chief Executive Officer and Director of Old Republic International Corporation...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.8yrs | US$4.54m | 0.067% MX$ 87.7m | |
| Senior VP | 1.8yrs | US$1.68m | 0.019% MX$ 24.4m | |
| Executive Chairman – Title Insurance Group | 12.8yrs | US$2.27m | 0.053% MX$ 69.8m | |
| Executive Vice President | 3.5yrs | US$2.42m | 0.055% MX$ 72.6m | |
| Executive VP & Treasurer | 4.8yrs | US$1.86m | 0.024% MX$ 31.9m | |
| Senior Vice President of Corporate Development & Finance | 3.5yrs | no data | no data | |
| Senior VP | 2.3yrs | no data | 0.019% MX$ 25.1m | |
| Human Resources Director | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | no data | no data | no data | |
| Advisor | 1.8yrs | US$970.00k | 0% MX$ 0 | |
| Senior VP & Deputy Chief Investment Officer | 4.8yrs | no data | no data | |
| Senior VP & National Benefits Director | 4.8yrs | no data | no data |
3.5yrs
Average Tenure
59yo
Average Age
Experienced Management: ORI *'s management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$4.54m | 0.067% MX$ 87.7m | |
| Executive Chairman – Title Insurance Group | 12.8yrs | US$2.27m | 0.053% MX$ 69.8m | |
| Independent Chairman of the Board | 8.2yrs | US$224.00k | 0.035% MX$ 45.7m | |
| Independent Director | 5.7yrs | US$168.00k | no data | |
| Independent Director | 48.9yrs | US$182.00k | 0.22% MX$ 289.8m | |
| Independent Director | 19.9yrs | US$203.00k | 0.0072% MX$ 9.5m | |
| Independent Director | 19.9yrs | US$196.00k | 0.0073% MX$ 9.6m | |
| Independent Director | 4.7yrs | US$168.00k | 0.0050% MX$ 6.6m | |
| Independent Director | 4.3yrs | US$175.00k | 0.0035% MX$ 4.7m | |
| Lead Independent Director | 16.9yrs | US$210.00k | 0.024% MX$ 31.8m | |
| Independent Director | 2.7yrs | US$168.00k | 0.0035% MX$ 4.7m | |
| Independent Director | 6.2yrs | US$175.00k | 0.0095% MX$ 12.5m |
7.2yrs
Average Tenure
73yo
Average Age
Experienced Board: ORI *'s board of directors are considered experienced (7.2 years average tenure).