Old Republic Boosts Quarterly Dividend by 31 Percent to 17 Cents

May 13, 2005

CHICAGO (AP) -- Insurance group Old Republic International Corp. on Thursday raised its quarterly dividend by 31 percent to 17 cents per share, and said it is forming an Office of the CEO.

The company said it would pay the dividend on June 15 to shareholders of record on June 3.

Old Republic also said it is establishing an Office of the Chief Executive Officer, composed of Jim Kellogg, senior vice president-general insurance; Spencer LeRoy, senior VP and General Counsel; Karl Mueller, senior VP and chief financial officer; Chris Nard, senior VP of mortgage guaranty; Rande Yeager, senior VP of title insurance and Al Zucaro, chairman and CEO.

Old Republic sells general insurance -- including commercial, property and auto -- and worker's compensation to businesses.

Shares of its stock closed down 7 cents at $24.18 on the New York Stock Exchange.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.