Old Republic International Corporation

NYSE-ORI

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	454.5	444.1	408.6	243.2	355.4	420.3
Total Net Income
Other Adjustments	-31.3	-9.6	-39.5	154.1	-10.3	39.5
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	-470.4	154.4	-424.5	132.4	-406.8	168.6
Accounts and Notes Receivable
Changes in Reinsurance Contract Assets	256.4	-149.7	290.3	-207	230.8	-49.2
Reinsurance Balances and Funds Held
Changes in Deferred Acquisition Costs	-57.2	-74.7	-38.7	-10.3	-24.9	-9.9
Deferred Policy Acquisition Costs
Changes in Accounts Payable	—	—	—	—	—	88.4
Accounts Payable, Accrued Expenses and Other
Changes in Unearned Premiums	123.9	173.4	190	97.3	96.7	53
Unearned Premiums and Other Policyholders' Liabilities
Changes in Claims Reserves	182	219.8	135.1	68.4	25	54.6
Loss and Loss Adjustment Expense Reserves
Changes in Other Operating Activities	-92.5	78.9	-124.3	154.9	-18.6	1.9
Prepaid Federal Income Taxes
Other - Net
Cash from Operating Activities	365.5	836.5	396.9	633.2	247.2	767.4
Total Cash Flows from Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Purchases of Investments	-1,441.6	-2,368.9	-1,773.2	-2,177	-941	-2,814.6
Fixed Income Securities
Held to Maturity
Equity Securities
Other Investments
Proceeds from Sale of Investments	1,528.5	2,238.6	2,154.7	2,323.2	1,182.5	2,864.4
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	-7.8	7.8	—
Net Increase in Short-Term Investments
Other Investing Activities	200.7	199.2	-590.9	-370.4	8.1	-129.8
Change in Short-Term Investments
Other - Net
Cash from Investing Activities	287.6	68.9	-72.8	-224.5	249.8	-80
Total Cash Flows from Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	—	—	395.9	-1.3	1.3	—
Issuance of Debentures and Notes
Repayments of Long-Term Debt	—	-400	—	—	-5.3	—
Redemption of Debentures and Notes
Net Issuance / (Repayments) of Long-Term Debt	—	-400	395.9	-1.3	-4	—
Issuance of Common Shares	2.8	0.7	1.3	10.3	20.8	12.2
Issuance of Common Shares
Repurchases of Common Shares	-25.3	-339.3	-602.9	-181.3	-354	-280.3
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	-22.5	-338.6	-601.6	-171	-333.2	-268.1
Common Share Dividends Paid	-640.9	-131.3	-140.6	-134.5	-141	-440.7
Dividends on Common Shares
Other Financing Activities	-13.5	-2.7	-8	4	-2.2	2.4
Purchase of Unallocated 401(k) Plan Shares
Other - Net
Cash from Financing Activities	-676.9	-872.6	-354.3	-301.4	-481.8	-707.2
Total Cash Flows from Financing Activities