Old Republic International Management
Management criteria checks 3/4
Old Republic International's CEO is Craig Smiddy, appointed in Jun 2018, has a tenure of 6.5 years. total yearly compensation is $5.83M, comprised of 15.9% salary and 84.1% bonuses, including company stock and options. directly owns 0.07% of the company’s shares, worth $6.44M. The average tenure of the management team and the board of directors is 3.8 years and 6.8 years respectively.
Key information
Craig Smiddy
Chief executive officer
US$5.8m
Total compensation
| CEO salary percentage | 15.9% |
| CEO tenure | 6.5yrs |
| CEO ownership | 0.07% |
| Management average tenure | 3.8yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
Old Republic International: Consistent Dividends Amid Insurance Market Challenges
Oct 26Old Republic International Corporation's (NYSE:ORI) Earnings Are Not Doing Enough For Some Investors
Sep 22
Old Republic International: A Difficult Company To Invest In Here
Jul 21Old Republic International Stock: My Thesis Materializes, I Say 'Hold'
Apr 26Old Republic International: A Stock Every Income-Focused Investor Should Own
Feb 09Despite Its Vast Outperformance, Old Republic International Remains Attractively Valued
Dec 01Old Republic International: No Flash Just Cash
Sep 22Old Republic International: Outperformance Means That Company Is A 'Hold' (Rating Downgrade)
Sep 04Old Republic International: Strong Addition To A Dividend Portfolio
Jun 21Old Republic International Remains Attractive, In Spite Of Trading Near Its All-Time High
Jun 12Old Republic raises dividend by 6.5% to $0.245/share
Feb 23Old Republic Q4 2022 Earnings Preview
Jan 25Old Republic: An Old Reliable Income Generator
Jan 15Old Republic International: Likely To Trade In A Tight Range
Nov 03Old Republic Title acquires Houston-based Veritas Title Partners
Oct 03Old Republic declares $0.23 dividend; $1/share special dividend
Aug 19Old Republic Q2 2022 Earnings Preview
Jul 27Old Republic International: An Attractively Valued Dividend Aristocrat
Jun 07Old Republic: Higher Dividend And Returns Than The Market
Mar 28Old Republic Is An Old Reliable Value Buy, Here's Why
Jan 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$938m |
| Jun 30 2024 | n/a | n/a | US$652m |
| Mar 31 2024 | n/a | n/a | US$716m |
| Dec 31 2023 | US$6m | US$927k | US$599m |
| Sep 30 2023 | n/a | n/a | US$920m |
| Jun 30 2023 | n/a | n/a | US$776m |
| Mar 31 2023 | n/a | n/a | US$580m |
| 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$561m |
Compensation vs Market: Craig's total compensation ($USD5.83M) is about average for companies of similar size in the US market ($USD7.98M).
Compensation vs Earnings: Craig's compensation has increased by more than 20% in the past year.
CEO
Craig Smiddy (60 yo)
6.5yrs
Tenure
US$5,827,317
Compensation
Mr. Craig Richard Smiddy is President, CEO & Director of Old Republic International Corporation from October 01, 2019. He joined the Old Republic International Corporation on August 13, 2013. He was Presid...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.5yrs | US$5.83m | 0.070% $ 6.4m | |
| Senior VP | 3.4yrs | US$2.18m | 0.019% $ 1.7m | |
| Executive Vice President | 1.5yrs | US$2.59m | 0.026% $ 2.4m | |
| Senior Vice President of Underwriting and Distribution | 1.3yrs | US$2.32m | 0.015% $ 1.4m | |
| Executive Vice President | 5.2yrs | US$3.09m | 0.061% $ 5.6m | |
| Senior Vice President of Investments | 6.5yrs | no data | no data | |
| Senior Vice President of Corporate Development & Finance | 5.2yrs | no data | no data | |
| Senior VP | 3.9yrs | no data | 0.020% $ 1.8m | |
| Senior VP & Chief Human Resources Officer | 1.7yrs | no data | no data | |
| Senior VP & National Benefits Director | 6.5yrs | no data | no data | |
| President of Old Republic Inland Marine | 3.8yrs | no data | no data | |
| Senior VP & Chief Claims Officer | 2yrs | no data | no data |
3.8yrs
Average Tenure
56yo
Average Age
Experienced Management: ORI's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$5.83m | 0.070% $ 6.4m | |
| Independent Chairman of the Board | 9.8yrs | US$249.00k | 0.040% $ 3.7m | |
| Independent Director | 7.3yrs | US$193.00k | no data | |
| Independent Director | 21.6yrs | US$228.00k | 0.0083% $ 768.7k | |
| Independent Director | 21.6yrs | US$209.33k | 0.0084% $ 771.4k | |
| Independent Director | 6.3yrs | US$193.00k | 0.0062% $ 566.8k | |
| Independent Director | 5.9yrs | US$217.50k | 0.0041% $ 376.0k | |
| Lead Independent Director | 18.6yrs | US$235.00k | 0.028% $ 2.6m | |
| Independent Director | 3.7yrs | US$193.00k | 0.0043% $ 391.7k | |
| Independent Director | 4.3yrs | US$193.00k | 0.0041% $ 376.0k | |
| Independent Director | 3yrs | US$193.00k | 0.0033% $ 303.2k | |
| Independent Director | 7.8yrs | US$200.00k | 0.011% $ 1.0m |
6.8yrs
Average Tenure
73yo
Average Age
Experienced Board: ORI's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:08 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Old Republic International Corporation is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Carletti | JMP Securities |
| Vincent DeAugustino | Keefe, Bruyette, & Woods |
| Jasper Burch | Macquarie Research |