Old Republic International Corporation

NYSE-ORI

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	839.8	898.6	782.1	852.7	938.2	651.8
Total Net Income
Other Adjustments	10	-40.9	44.6	-49.1	-198.7	114.6
Federal Income Taxes
Realized Investment Gains from Actual Transactions and Impairments
Unrealized Investment Gains from Changes in Fair Value of Equity Securities
Changes in Receivables	-290.2	-316	-314.7	-270.1	-284.4	-292.1
Accounts and Notes Receivable
Changes in Reinsurance Contract Assets	199.1	106.7	165.4	140.6	129.3	83.3
Reinsurance Balances and Funds Held
Changes in Deferred Acquisition Costs	-106.1	-131.9	-119.9	-113.4	-86.6	-49
Deferred Policy Acquisition Costs
Changes in Accounts Payable	—	—	—	—	—	—
Accounts Payable, Accrued Expenses and Other
Changes in Unearned Premiums	283.9	297.3	340.7	363.4	340.6	287.3
Unearned Premiums and Other Policyholders' Liabilities
Changes in Claims Reserves	369.6	401.8	389.9	354.9	294	203.5
Loss and Loss Adjustment Expense Reserves
Changes in Other Operating Activities	-14.7	-13.6	16.9	-45.4	22.9	30.6
Prepaid Federal Income Taxes
Other - Net
Cash from Operating Activities	1,291.1	1,202	1,304.7	1,233.4	1,155.1	1,030.1
Total Cash Flows from Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Purchases of Investments	-3,568.5	-3,822.7	-3,744.4	-4,142.1	-3,837	-3,870.1
Fixed Income Securities
Held to Maturity
Equity Securities
Other Investments
Proceeds from Sale of Investments	3,555	3,781.5	4,147	4,393.3	4,065.9	4,477.9
Maturities and Calls of Fixed Income Securities
Fixed Income Securities
Equity Securities
Other Investments
Payments for Business Acquisitions	—	—	—	—	—	—
Purchase of a Business
Proceeds from Business Divestments	—	—	—	136.6	—	—
Net Increase in Short-Term Investments
Other Investing Activities	-390.5	397.9	311.1	-391.7	-362.9	-960.1
Change in Short-Term Investments
Other - Net
Cash from Investing Activities	-139.1	356.5	779.7	-3.9	-72.4	-297.3
Total Cash Flows from Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	395.9	—	394
Issuance of Debentures and Notes
Repayments of Long-Term Debt	—	—	—	-400	—	—
Redemption of Debentures and Notes
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	-4.1	—	394
Issuance of Common Shares	3.5	3.5	3.6	2	1.5	11.6
Issuance of Common Shares
Repurchases of Common Shares	-255.7	-377.3	-773.1	-942.2	-823.6	-784.2
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-252.2	-373.8	-769.5	-940.2	-822.1	-772.6
Common Share Dividends Paid	-776.7	-772.2	-768.3	-271.9	-273.9	-275.1
Dividends on Common Shares
Other Financing Activities	-18.2	-16.2	-16	-10.7	-5.5	-4
Purchase of Unallocated 401(k) Plan Shares
Other - Net
Cash from Financing Activities	-1,434.4	-1,549.5	-1,953.7	-1,226.9	-705.6	-655.7
Total Cash Flows from Financing Activities