Old Republic International Signs Agreement To Acquire Everett Cash Mutual Insurance; Financial Terms Not Disclosed

Old Republic International Corporation (NYSE:ORI) – today announced that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire Everett Cash Mutual Insurance Co. and affiliated companies ("ECM") following its conversion to a stock company in a sponsored demutualization transaction.

ECM is a leading insurer of small farmowners and select commercial agricultural operations. Headquartered in Everett, PA and operating in 48 states and the District of Columbia, ECM wrote $237 million of direct written premium in 2024, ended the year with consolidated statutory policyholders' surplus of $126 million, and has a long-term track record of profitable growth. Following an expected closing in 2026, ORI expects this transaction to be accretive to book value per share and operating income per share.