Old Republic International : Fourth Quarter Financial Supplement as of December 31, 2020

At Old Republic:

Craig R. Smiddy

President and CEO

FINANCIAL SUPPLEMENT

As of December 31, 2020

Table of Contents	Page
Old Republic Common Stock Statistics	1
Old Republic's Long-Term Performance Statistics	1
Quarterly Statistics Per Share	2
Shareholders' Account Reconciliation Per Share	3
Segmented Composition of Shareholders' Equity Per Share	3
General Insurance Operating Statistics	4
Title Insurance Operating Statistics	5
RFIG Run-off Operating Statistics	5
Consolidated Operating Statistics	5
RFIG Mortgage Guaranty Run-off Operating Statistics	6 - 9
Notes to Financial Supplement	10

The information included in this Financial Supplement is unaudited; dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated.

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

Old Republic Common Stock Statistics (a)(b)

																				Ratio of
														(d)						Closing Price to
														Net						Net
														Income						Income
							(c)							(Loss)						(Loss)
							Period to			(c)	(i)		Excluding				End of	(c)	Excluding
							Period	(c)		Total	Cash	Investment		Net		Period	Total	Investment	Ending
		Quoted Stock Market Prices	Price	Dividend	Market	Dividends		Gains		Income		Book	Book	Gains	Book
Year		High		Low		Close	Change	Yield	Return	Paid		(Losses)		(Loss)		Value	Return	(Losses) (d)	Value
2011	$	13.92	$	7.15	$	9.27	(32.0)%	5.1 %		(26.9)% $	0.70		$	(0.86)	$	(0.55)	$	14.76	(4.4)%	N/M	0.6 x
2012		11.21		7.76		10.65	14.9	7.7		22.6	0.71			(0.39)		(0.27)		14.03	(0.1)	N/M	0.8
2013		17.45		10.74		17.27	62.2	6.8		69.0	0.72			1.25		1.57		14.64	9.4	13.8 x	1.2
2014		17.26		13.43		14.63	(15.3)	4.2		(11.1)	0.73			0.84		1.44		15.15	8.5	17.4	1.0
2015		19.11		13.59		18.63	27.3	5.1		32.4	0.74			1.28		1.48		14.98	4.0	14.6	1.2
2016		20.00		16.51		19.00	2.0	4.0		6.0	0.75			1.46		1.62		17.16	19.5	13.0	1.1
2017		21.56		17.92		21.38	7.3	9.3	(*)	16.6	1.76	(*)		1.11		1.92		17.72	13.6	19.3	1.2
2018		23.05		19.48		20.57	0.9	3.6		4.5	0.78			1.86		1.24		17.23	1.6	11.1	1.2
2019		24.10		19.68		22.37	8.8	8.8	(**)	17.6	1.80	(**)		1.84		3.51		19.98	26.4	12.2	1.1
2020	$	23.62	$	11.88	$	19.71	(16.4)%	8.2 % (***)	(8.2)% $	1.84	(***)	$	2.24	$	1.87	$	20.75	13.1 %	8.8 x	0.9 x
10 Year Average		-		-		-	3.2 %	-		9.9 %	-			-		-		-	8.8 %	13.8 x	1.0 x

1. Includes the effect of a special non-recurring cash dividend of $1.00 per share declared in December 2017.

1. Includes the effect of a special non-recurring cash dividend of $1.00 per share paid in September 2019. (***) Includes the effect of a special non-recurring cash dividend of $1.00 per share declared in December 2020.

Old Republic's Long-Term Performance Statistics

															For The Year
															Net
				At Year End							Revenues				Income (Loss)					(j)
				Cash &					(j)		Net		(e)(j)		Excluding		Net		Operating	Combined
		Total		Invested	Shareholders'	Net Premiums		Investment		Total		Investment		Income		Cash	Underwriting
Year		Assets		Assets		Equity	& Fees Earned		Income		Revenues	Gains (Losses) (d)		(Loss)		Flow	Ratio
2011	$	16,050.4	$	10,685.2	$	3,772.5		$	4,167.7	$	364.6	$	4,763.2	$	(218.5)	$	(140.5)	$	(94.9)	115.3 %
2012		16,226.8		10,800.6		3,596.2			4,632.4		336.5		5,131.4		(99.7)		(68.6)		532.0	110.0
2013		16,534.4		11,109.1		3,775.0			5,083.4		318.7		5,640.4		351.6		447.8		686.7	95.2
2014		16,988.1		11,291.6		3,924.0			4,960.0		345.5		5,679.6		232.7		409.7		(181.2)	99.4
2015		17,101.6		11,475.5		3,869.8			5,354.9		388.6		5,941.7		362.7		422.1		688.2	96.1
2016		18,591.6		12,995.8		4,460.6			5,537.5		387.0		6,104.7		419.6		466.9		637.3	94.8
2017		19,403.5		13,536.4		4,733.3			5,769.1		409.4		6,492.4		318.0		560.5		452.8	96.9
2018		19,327.1		13,187.4		5,146.2			5,940.9		431.8		6,258.8		556.4		370.5		760.5	94.9
2019		21,076.3		14,527.4		6,000.1			6,241.1		450.7		7,460.5		554.2		1,056.4		936.2	95.3
2020	$	22,815.2	$	15,535.3	$	6,186.6		$	6,737.8	$	438.9	$	7,166.0	$	670.8	$	558.6	$	1,185.0	93.3 %

1

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

Quarterly Statistics Per Share (a)(b)

										Net
										Income
										(Loss)
										Excluding
									Investment		Net		(i)		Ending Book Value
			Quoted Stock Market Prices			Gains		Income		Cash		With Securities at
			High		Low		Close		(Losses) (d)		(Loss)	Dividends		Market		Cost
1st	Quarter '18...............................................................	$	22.34	$	19.48	$	21.45	$	0.40	$	0.01	$	0.195		$	16.82	$	15.63
2nd	Quarter '18...............................................................		21.94		19.52		19.91			0.47		0.66		0.195			17.08		15.95
3rd	Quarter '18...............................................................		23.05		19.71		22.38			0.56		0.92		0.195			17.76		16.34
4th	Quarter '18...............................................................		22.83		19.55		20.57			0.45		(0.36)		0.195			17.23		16.60
..........................................................................Year '18		23.05		19.48		20.57		$	1.86	$	1.24	$	0.780
1st	Quarter '19...............................................................		21.97		19.68		20.92			0.40		1.37		0.200			18.94		16.91
2nd	Quarter '19...............................................................		22.99		20.51		22.38			0.45		0.55		0.200			19.68		17.21
3rd	Quarter '19...............................................................		23.82		21.61		23.57			0.51		0.67		1.200			19.31		16.54
4th	Quarter '19...............................................................		24.10		21.90		22.37			0.47		0.91		0.200			19.98		16.83
..........................................................................Year '19		24.10		19.68		22.37		$	1.84	$	3.51	$	1.800
1st	Quarter '20...............................................................		23.62		11.88		15.25	$	0.47	$	(2.01)	$	0.210			17.29		17.12
2nd	Quarter '20...............................................................		18.67		13.08		16.31			0.42		1.34		0.210			19.68		17.33
3rd	Quarter '20...............................................................		17.81		13.93		14.74			0.62		0.83		0.210			20.39		17.74
4th	Quarter '20...............................................................		19.79		14.55		19.71			0.75		1.74		1.210		$	20.75	$	17.08
..........................................................................Year '20	$	23.62	$	11.88	$	19.71		$	2.24	$	1.87	$	1.840

2

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

		Quarters Ended									Years Ended
		December 31,									December 31,
		2020			2019			2020			2019			2018			2017			2016			2015
Shareholders' Account Reconciliation Per Share	$	20.39	$	19.31	$	19.98	$	17.23	$	17.72	$	17.16	$	14.98	$	15.11
Common shareholders' equity, beginning balance...........................................................
Changes for the period:
Net income (loss) excluding net investment gains (losses)...........................................		0.75			0.48			2.24			1.85			1.89			1.21			1.62			1.40
................................................................Net of tax realized investment gains (losses)		-			0.02			0.04			0.10			0.16			0.93			0.18			0.23
Net of tax unrealized investment gains (losses)
on securities carried at fair value.................................................................................		1.03			0.39			0.50			2.53			(1.38)			0.28			1.12			(0.96)
Total net of tax realized and unrealized
investment gains (losses)......................................................................................		1.03			0.41			0.54			2.63			(1.22)			1.21			1.30			(0.73)
Cash dividends..............................................................................................................		(1.21)			(0.20)			(1.84)			(1.80)			(0.78)			(1.76)			(0.75)			(0.74)
Debt conversion, stock issuance, and other..................................................................		(0.21)			(0.02)			(0.17)			0.07			(0.38)			(0.10)			0.01			(0.06)
.................................................................................................Net change for the period		0.36			0.67			0.77			2.75			(0.49)			0.56			2.18			(0.13)
................................................................Common shareholders' equity, ending balance	$	20.75		$	19.98		$	20.75		$	19.98		$	17.23		$	17.72		$	17.16		$	14.98
Segmented Composition of Shareholders' Equity Per Share
Excluding RFIG run-offsegment.......................................................................................						$	19.25	$	18.37	$	15.73	$	16.14	$	15.89	$	14.02
RFIG run-offsegment.......................................................................................................								1.50			1.61			1.50			1.58			1.27			0.96
..............................................................................................................................Total							$	20.75		$	19.98		$	17.23		$	17.72		$	17.16		$	14.98

3

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

		Quarters Ended									Years Ended								10 Year
		December 31,									December 31,								Wtd Avg
General Insurance Operating Statistics		2020			2019			2020			2019			2018			2017			2016			2015		2020-2011
All Lines Combined
Net Premiums Written.....................................................................	$	845.2	$	831.8	$	3,431.3	$	3,469.0	$	3,380.4	$	3,245.2	$	3,005.3	$	2,985.5
Net Premiums Earned.....................................................................		861.3			880.5			3,394.2			3,432.4			3,277.1			3,110.8			2,936.3			2,894.7
Claim Ratio:
Current Year................................................................................		69.3 %			70.1 %			70.7 %			71.4 %			72.2 %			71.1 %			72.7 %			72.6 %
Prior Years (1)..............................................................................		(1.8)			2.9			(0.8)			0.4			-			0.7			0.3			1.5
.............................................................................................Total		67.5			73.0			69.9			71.8			72.2			71.8			73.0			74.1	72.6 %
Expense Ratio.................................................................................		25.2			25.8			25.6			25.7			25.0			25.5			24.8			23.5	24.8
...........................................................................Combined Ratio		92.7 %			98.8 %			95.5 %			97.5 %			97.2 %			97.3 %			97.8 %			97.6 %		97.4 %
Paid Loss Ratio
	66.4 %			62.6 %			60.3 %			63.3 %			62.6 %			64.1 %			65.7 %			62.0 %
Experience by Major Coverage:
Commercial Automobile (Trucking)
Net Premiums Written.....................................................................	$	327.1	$	304.0	$	1,333.3	$	1,296.4	$	1,266.9	$	1,133.0	$	1,010.1	$	964.6
Net Premiums Earned.....................................................................		343.5			324.9			1,304.5			1,279.4			1,206.1			1,076.3			988.6			929.9
Claim Ratio......................................................................................		82.3 %			91.3 %			80.8 %			84.0%			79.3 %			76.8 %			79.4 %			77.8 %	78.1 %
Workers' Compensation
Net Premiums Written.....................................................................	$	175.7	$	220.9	$	830.9	$	956.4	$	1,026.8	$	1,042.7	$	1,046.8	$	1,112.8
Net Premiums Earned.....................................................................		203.2			252.7			863.8			999.2			1,018.5			1,045.2			1,072.5			1,128.7
Claim Ratio......................................................................................		51.7 %			57.4 %			60.8 %			63.2 %			70.7 %			75.5 %			76.1 %			80.7 %	75.2 %
General Liability
Net Premiums Written.....................................................................	$	45.7	$	46.6	$	190.2	$	228.7	$	211.7	$	213.8	$	171.0	$	170.6
Net Premiums Earned.....................................................................		47.6			58.2			204.7			227.4			203.6			195.2			163.3			171.2
Claim Ratio......................................................................................		71.6 %			94.4 %			73.6 %			77.8 %			68.9 %			73.1 %			77.5 %			76.8 %	74.6 %
Three Above Coverages Combined
Net Premiums Written.....................................................................	$	548.5	$	571.6	$	2,354.4	$	2,481.7	$	2,505.5	$	2,389.5	$	2,227.9	$	2,248.1
Net Premiums Earned.....................................................................		594.3			635.9			2,373.2			2,506.1			2,428.3			2,316.8			2,224.5			2,230.0
Claim Ratio......................................................................................		71.0 %			78.1 %			72.9 %			75.1 %			74.8 %			75.9 %			77.6 %			79.2 %	76.5 %
Financial Indemnity (2)
Net Premiums Written.....................................................................	$	87.7	$	62.4	$	289.1	$	246.4	$	189.5	$	179.7	$	152.1	$	123.0
Net Premiums Earned.....................................................................		73.8			63.2			272.7			218.7			174.7			153.1			125.0			117.4
Claim Ratio......................................................................................		50.8 %			65.3 %			57.1 %			64.0 %			73.8 %			62.1 %			45.5 %			39.1 %	50.5 %
Property (3)
Net Premiums Written.....................................................................	$	77.9	$	66.2	$	322.0	$	270.7	$	258.9	$	247.2	$	220.3	$	221.5
Net Premiums Earned.....................................................................		82.8			68.5			294.1			261.8			252.8			236.7			217.9			214.3
Claim Ratio......................................................................................		57.5 %			59.9 %			58.3 %			62.6 %			62.8 %			59.3 %			60.9 %			57.0 %	62.3 %
Other Coverages (4)
Net Premiums Written.....................................................................	$	130.9	$	131.4	$	465.6	$	470.1	$	426.3	$	428.6	$	404.9	$	392.7
Net Premiums Earned.....................................................................		107.5			106.5			460.4			448.7			419.8			403.0			369.9			335.2
Claim Ratio......................................................................................		67.2 %			56.9 %			67.2 %			61.4 %			60.1 %			59.0 %			62.2 %			60.4 %	63.2 %

1. (Favorable)/Unfavorable development of prior years' reserves. / (2) Includes Fidelity and Surety, Executive Indemnity (E&O/D&O), Guaranteed Asset Protection (GAP) and, effective July 1, 2019, immaterial Consumer Credit Indemnity (CCI) coverages. / (3) Includes Commercial Multi-Peril and Inland Marine coverages. / (4) Includes Home and Auto Warranty, Aviation, and Travel Accident coverages.

4

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

				Quarters Ended									Years Ended
				December 31,									December 31,
Title Insurance Operating Statistics (j)		2020			2019			2020			2019			2018			2017			2016			2015
Direct Orders Opened......................................................................................................	149,626			109,913			627,103			476,655			412,876			417,393			452,944			424,915
Direct Orders Closed.......................................................................................................	139,010			100,536			508,132			388,251			336,500			340,890			367,833			344,648
Reserves to Paid Losses Ratio (f)...................................................................................								9.2:1			8.1:1			8.3:1			8.9:1			9.5:1			8.5:1
Net Premiums & Fees Earned.........................................................................................	$	1,031.7	$	789.5	$	3,286.3	$	2,736.0	$	2,573.1	$	2,516.5	$	2,410.9	$	2,220.8
Claim Ratio:
Current Year.................................................................................................................	3.6 %			3.6 %			3.6 %			3.7 %			3.7 %			3.8 %			4.5 %			5.1 %
Prior Years (1)..............................................................................................................		(2.2)			(1.8)			(1.3)			(1.2)			(1.8)			(3.0)			(1.0)			(0.6)
.............................................................................................................................Total	1.4			1.8			2.3			2.5			1.9			0.8			3.5			4.5
Expense Ratio..................................................................................................................		86.7			89.7			88.4			90.5			90.9			91.0			89.0			89.2
...........................................................................................................Combined Ratio	88.1 %			91.5 %			90.7 %			93.0 %			92.8 %			91.8 %			92.5 %			93.7 %
Paid Loss Ratio................................................................................................................	1.2 %			2.2 %			1.5 %			2.6 %			2.9 %			2.5 %			2.6 %			3.2 %
RFIG Run-off Operating Statistics
Net Premiums Earned (2)................................................................................................	$	10.0	$	13.3	$	45.1	$	59.2	$	75.9	$	122.9	$	170.0	$	219.9
Claim Ratio......................................................................................................................	84.9 %			61.5 %			81.7 %			53.5 %			39.4 %			160.9 %			60.4 %			88.0 %
Expense Ratio..................................................................................................................		31.2			23.5			30.2			25.0			21.5			16.6			12.2			10.0
......................................................................................................Combined Ratio (2)	116.1 %			85.0 %			111.9 %			78.5 %			60.9 %			177.5 %			72.6 %			98.0 %
Settled and Paid Loss Ratio (2).......................................................................................		36.3 %			103.7 %			62.5 %			129.9 %			193.8 %			406.9 %			156.1 %			148.7 %
Claim Ratio Analysis (MI only):
Current Year.............................................................................................................	125.9 %			84.1 %			108.2 %			67.5 %			70.2 %			95.9 %			73.9 %			121.4 %
Prior Years (1)..........................................................................................................		(41.0)			(22.6)			(26.5)			(12.5)			(27.0)			(38.3)			(39.8)			(65.0)
.............................................................................................................As Reported	84.9 %			61.5 %			81.7 %			55.0 %			43.2 %			57.6 %			34.1 %			56.4 %
Consolidated Operating Statistics (j)
Net Premiums & Fees Earned.........................................................................................	$	1,906.1	$	1,686.5	$	6,737.8	$	6,241.1	$	5,940.9	$	5,769.1	$	5,537.5	$	5,354.9
Claim Ratio......................................................................................................................	31.8 %			39.6 %			37.0 %			41.2 %			41.4 %			43.0 %			42.4 %			45.9 %
Expense Ratio..................................................................................................................		58.5			55.7			56.3			54.1			53.5			53.9			52.4			50.2
...........................................................................................................Combined Ratio	90.3 %			95.3 %			93.3 %			95.3 %			94.9 %			96.9 %			94.8 %			96.1 %
Settled and Paid Loss Ratio.............................................................................................	30.9 %			34.7 %			31.7 %			37.3 %			38.6 %			44.6 %			41.1 %			41.4 %

1. (Favorable)/Unfavorable development of prior years' reserves
2. Results of the CCI run-off are expected to be immaterial in the remaining run-off periods. Effective July 1, 2019, these results have been re-classified to General Insurance for all future periods.

5

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

		2020					2019			2018
	Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,
RFIG Mortgage Guaranty Run-off Operating Statistics
Net Risk in Force:
Traditional Primary..................................................................................	$1,842.2	$1,985.3	$2,126.3	$2,255.1	$2,388.3	$2,621.3	$2,792.2	$2,954.5	$3,098.3
Bulk.........................................................................................................	165.4	174.9	180.9	188.5	198.2	208.3	216.2	224.6	235.3
Other.......................................................................................................	3.6	3.6	3.6	3.6	3.6	3.6	3.6	3.6	11.2
.........................................................................................................Total	$2,011.2		$2,163.9		$2,310.8		$2,447.3		$2,590.1		$2,833.3		$3,012.2		$3,182.8		$3,345.0
Persistency:
Traditional Primary..................................................................................	77.1 %	75.6 %	76.1 %	76.3 %	77.1 %	80.8 %	81.0 %	80.3 %	79.7 %
Bulk.........................................................................................................	84.1	84.6	84.1	84.3	84.5	84.8	80.0	79.2	76.3
Risk in Force by FICO Scores:
Traditional Primary:
FICO less than 620.............................................................................	9.3 %	9.0 %	8.9 %	8.7 %	8.5 %	8.2 %	8.1 %	8.0 %	7.9 %
FICO 620 to 680..................................................................................	34.8	34.6	34.3	34.0	33.8	32.8	32.5	32.3	32.2
FICO greater than 680........................................................................	55.0	55.5	56.0	56.5	56.8	58.2	58.7	59.0	59.1
Unscored/Unavailable.........................................................................	0.9	0.9	0.8	0.8	0.9	0.8	0.7	0.7	0.8
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Bulk (g):
FICO less than 620.............................................................................	35.4 %	35.6 %	35.3 %	35.1 %	34.4 %	33.8 %	33.7 %	33.5 %	33.6 %
FICO 620 to 680..................................................................................	31.7	31.6	31.5	31.5	31.2	31.4	31.3	31.4	31.5
FICO greater than 680........................................................................	32.7	32.6	33.0	33.2	34.2	34.7	34.8	34.9	34.8
Unscored/Unavailable.........................................................................	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.1
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Risk in Force by Original LTV Ratio:
Traditional Primary (h):
LTV 85.0 and below.............................................................................	4.0 %	4.1 %	4.1 %	4.1 %	4.1 %	4.2 %	4.2 %	4.1 %	4.1 %
LTV 85.01 to 90.0................................................................................	31.2	31.2	31.1	30.8	30.7	30.9	30.8	30.9	30.7
LTV 90.01 to 95.0................................................................................	27.9	28.0	28.1	28.2	28.4	28.8	29.1	29.4	29.7
LTV greater than 95.0..........................................................................	36.9	36.7	36.7	36.9	36.8	36.1	35.9	35.6	35.5
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Bulk (g):
LTV 85.0 and below.............................................................................	42.7 %	42.9 %	42.9 %	43.0 %	42.7 %	43.0 %	43.0 %	43.0 %	43.4 %
LTV 85.01 to 90.0................................................................................	32.0	31.8	31.8	31.8	31.4	31.2	31.1	31.1	30.9
LTV 90.01 to 95.0................................................................................	13.6	13.7	13.6	13.5	13.7	13.2	13.3	13.1	13.1
LTV greater than 95.0..........................................................................	11.7	11.6	11.7	11.7	12.2	12.6	12.6	12.8	12.6
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %

6

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

		2020					2019			2018
	Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,
RFIG Mortgage Guaranty Run-off Operating Statistics
Risk in Force by Type of Loan Documentation:
Traditional Primary:
Full Documentation.............................................................................	91.4 %	91.5 %	91.6 %	91.7 %	91.8 %	92.1 %	92.2 %	92.2 %	92.2 %
Reduced Documentation.....................................................................	8.6	8.5	8.4	8.3	8.2	7.9	7.8	7.8	7.8
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Bulk (g):
Full Documentation.............................................................................	72.8 %	72.9 %	72.9 %	72.8 %	72.6 %	71.9 %	72.1 %	71.8 %	71.8 %
Reduced Documentation.....................................................................	27.2	27.1	27.1	27.2	27.4	28.1	27.9	28.2	28.2
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Risk in Force by Loan Type:
Traditional Primary:
Fixed Rate & ARMS with resets >= 5 years........................................	97.0 %	97.0 %	97.1 %	97.1 %	97.1 %	97.1 %	97.2 %	97.2 %	97.2 %
ARMS with resets < 5 years................................................................	3.0	3.0	2.9	2.9	2.9	2.9	2.8	2.8	2.8
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Bulk (g):
Fixed Rate & ARMS with resets >= 5 years........................................	67.1 %	67.1 %	67.4 %	67.4 %	68.0 %	68.1 %	68.4 %	68.3 %	68.6 %
ARMS with resets < 5 years................................................................	32.9	32.9	32.6	32.6	32.0	31.9	31.6	31.7	31.4
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Risk in Force by Policy Year:
Traditional Primary:
2003 and prior.....................................................................................	5.0 %	4.9 %	4.8 %	4.7 %	4.7 %	4.5 %	4.5 %	4.5 %	4.4 %
2004....................................................................................................	4.4	4.4	4.4	4.3	4.3	4.3	4.3	4.3	4.3
2005....................................................................................................	8.9	8.9	8.9	8.9	8.9	8.6	8.6	8.6	8.6
2006....................................................................................................	14.3	14.2	14.1	14.1	14.0	13.8	13.8	13.9	13.8
2007....................................................................................................	42.0	41.7	41.6	41.4	41.1	40.3	39.9	39.6	39.4
2008....................................................................................................	20.9	21.2	21.4	21.5	21.6	21.5	21.5	21.6	21.6
2009....................................................................................................	2.2	2.2	2.2	2.2	2.3	3.3	3.4	3.4	3.6
2010....................................................................................................	1.2	1.2	1.3	1.4	1.6	2.0	2.2	2.2	2.3
2011.....................................................................................................	1.1	1.3	1.3	1.5	1.5	1.7	1.8	1.9	2.0
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %
Bulk (g):
2003 and prior.....................................................................................	6.4 %	6.1 %	6.0 %	5.9 %	6.0 %	5.9 %	5.8 %	5.8 %	5.6 %
2004....................................................................................................	1.4	1.4	1.5	1.5	1.7	1.9	2.0	2.2	2.3
2005....................................................................................................	31.6	30.9	30.9	30.9	30.2	30.2	30.3	30.0	30.0
2006....................................................................................................	47.1	48.1	47.9	47.9	47.3	47.1	46.9	47.0	47.0
2007....................................................................................................	13.5	13.5	13.7	13.8	14.8	14.9	15.0	15.0	15.1
.................................................................................................Total	100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %		100.0 %

7

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

			2020					2019			2018
	Dec. 31,	Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,
RFIG Mortgage Guaranty Run-off Operating Statistics
Risk in Force by State (Top 10 States ranked by risk in force as of most recent quarter):
Traditional Primary:
Florida.................................................................................................	9.3 %		9.3 %	9.1 %	9.0 %	9.0 %	8.7 %	8.6 %	8.5 %	8.5 %
Illinois..................................................................................................	7.2		7.1	7.1	7.0	6.9	6.7	6.6	6.5	6.4
Georgia...............................................................................................	6.0		6.0	6.1	6.1	6.1	6.1	6.0	6.0	6.0
New Jersey.........................................................................................	5.5		5.5	5.4	5.3	5.2	5.0	4.9	4.9	4.8
Maryland.............................................................................................	5.3		5.3	5.2	5.1	5.1	4.8	4.7	4.6	4.6
California.............................................................................................	5.2		5.2	5.3	5.2	5.1	5.0	5.0	5.0	4.9
Texas...................................................................................................	4.4		4.5	4.6	4.7	4.8	5.2	5.3	5.4	5.5
Pennsylvania.......................................................................................	4.1		4.1	4.1	4.2	4.2	4.2	4.2	4.3	4.3
New York.............................................................................................	3.9		3.8	3.5	3.4	3.4	3.3	3.3	3.2	3.2
Virginia................................................................................................	3.9		3.9	3.9	3.9	3.9	3.9	3.9	3.9	3.8
Bulk (g):
California.............................................................................................	12.9 %		12.7 %	12.7 %	12.7 %	12.7 %	12.5 %	12.6 %	12.6 %	12.4 %
Florida.................................................................................................	8.0		8.2	8.2	8.1	8.1	8.0	8.0	8.1	8.2
New York.............................................................................................	7.4		7.2	7.0	7.1	7.1	7.4	7.3	7.2	7.1
Georgia...............................................................................................	5.7		5.7	5.7	5.6	5.6	5.6	5.6	5.6	5.4
Texas...................................................................................................	5.5		5.6	5.7	5.6	5.5	5.5	5.5	5.6	5.6
Illinois..................................................................................................	5.0		4.8	4.7	4.7	4.7	4.7	4.5	4.5	4.6
Ohio.....................................................................................................	4.9		5.0	5.1	5.0	4.9	4.9	4.8	4.7	4.7
Pennsylvania.......................................................................................	4.1		4.0	4.0	3.9	3.8	3.7	3.8	3.9	4.0
Maryland.............................................................................................	3.0		2.9	3.0	2.9	3.0	2.9	2.9	2.8	2.8
Missouri...............................................................................................	2.8		2.7	2.7	2.8	2.8	2.7	2.7	2.6	2.6
Delinquency Loan Counts:
Traditional Primary..................................................................................	6,984		7,415	7,736	5,460	6,136	6,312	6,469	7,048	7,707
Bulk.........................................................................................................	756		863	922	791	883	883	927	989	1,072
Other.......................................................................................................	43		42	42	29	26	31	28	25	31
.........................................................................................................Total	7,783		8,320		8,700		6,280		7,045		7,226		7,424		8,062		8,810
Delinquency Rates:
Traditional Primary..................................................................................	14.1 %		13.9 %	13.5 %	9.0 %	9.6 %	9.0 %	8.7 %	9.0 %	9.4 %
Bulk.........................................................................................................	15.9		17.3	18.0	14.9	16.0	15.4	15.7	16.3	16.9
Other.......................................................................................................	9.8		9.0	8.1	5.5	5.0	5.5	4.9	3.7	4.5
Total.........................................................................................................	14.2		14.2	13.9	9.5	10.1	9.5	9.2	9.5	9.9

8

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

				2020							2019			2018
	YTD		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Dec. 31,
RFIG Mortgage Guaranty Run-off Operating Statistics
Delinquency Rates by State (Top 10 States ranked by risk in force as of most recent quarter):
Traditional Primary:
Florida............................................................................		12.5 %	12.7 %	12.7 %	7.6 %	8.0 %	7.9 %	8.3 %	9.1 %	9.8 %
Illinois.............................................................................		13.4	14.2	13.6	8.0	8.5	8.1	7.9	8.0	8.7
Georgia..........................................................................		12.8	13.3	13.1	8.0	8.3	8.1	7.5	7.2	7.7
New Jersey....................................................................		18.1	19.4	19.9	11.0	11.8	11.0	11.5	12.7	14.3
Maryland........................................................................		15.0	14.8	14.4	9.8	10.2	10.4	10.0	10.8	10.5
California.......................................................................		9.9	9.7	10.8	5.4	5.9	5.9	5.3	5.7	5.8
Texas.............................................................................		19.0	17.3	17.9	11.4	12.1	10.1	9.6	9.4	10.0
Pennsylvania.................................................................		15.7	15.9	15.1	11.7	11.9	11.1	10.8	11.5	11.4
New York.......................................................................		25.0	25.5	25.6	18.7	19.2	17.5	18.3	18.5	19.6
Virginia...........................................................................		12.4	11.9	10.9	6.8	7.6	7.2	7.5	7.5	7.9
Bulk (g):
California.......................................................................		9.9 %	11.3 %	12.9 %	7.3 %	9.7 %	9.4 %	11.3 %	9.8 %	13.0 %
Florida............................................................................		20.5	24.8	23.3	18.8	20.3	19.8	21.4	22.6	23.5
New York.......................................................................		28.2	27.5	29.3	28.2	29.6	30.5	30.3	33.0	32.3
Georgia..........................................................................		12.5	13.2	16.5	12.9	13.1	12.9	13.4	12.8	14.5
Texas.............................................................................		15.8	16.2	16.4	12.6	15.4	11.1	14.3	16.1	14.5
Illinois.............................................................................		20.6	21.8	21.6	16.1	17.5	15.4	14.9	15.5	19.1
Ohio...............................................................................		12.1	12.9	12.8	12.7	14.3	14.6	13.2	13.3	12.4
Pennsylvania.................................................................		14.7	16.2	18.8	15.1	17.7	19.1	18.3	16.1	21.0
Maryland........................................................................		20.9	20.4	21.4	17.8	15.9	13.6	15.9	15.7	16.0
Missouri.........................................................................		14.8	15.9	17.7	12.1	12.9	13.2	14.3	15.0	12.7
Average Settled and paid Claim Amount (in whole $):
Traditional Primary.............................................................	$ 42,949	$ 36,502	$ 39,987	$ 43,997	$ 45,617	$ 47,423	$ 51,939	$ 46,815	$ 50,462	$ 46,223
Bulk....................................................................................	63,013	45,214	67,779	47,730	78,970	63,236	57,195	57,606	57,587	52,161

9

Old Republic International Corporation

Financial Supplement - Fourth Quarter 2020

Notes to Financial Supplement

1. All per share statistics herein have been adjusted to reflect all stock dividends or splits declared through December 31, 2020. In calculating book value and earnings per share, accounting rules require that common shares held by the Old Republic Employee Savings and Stock Ownership Plan that are not as yet allocated to Plan participants must be excluded from the calculation. Such shares are issued and outstanding, have the same voting and other rights applicable to all other common shares, and may be sold at any time by the plan.
2. Old Republic's common stock is traded on the New York Stock Exchange under the symbol "ORI".
3. Total market return has been calculated as the sum of the year-to-year increase or decrease in the closing price, as adjusted for the 2020 and 2017 special dividends, and of the dividend yield for each year as a percentage of the closing price at the end of the preceding year. The total return shown would be higher if an interest factor were also applied to the reinvestment of cash dividends. Total book return represents the sum of each year's dividend yield as a percentage of beginning book value per share, plus the percentage change in each year's book value per share.
   Ten year average market and book basis returns represent compounded annual rates.
4. Net income (loss) excluding investment gains (losses) is defined as net income (loss) before realized and, beginning in 2018, unrealized investment gains (losses) of equity securities; net income (loss) is inclusive of all such items.
5. Total revenues include pretax investment gains or losses.
6. The Title Reserves to Paid Losses Ratio represents average paid losses for the most recent five years divided into claim reserves at the end of any one year or interim period. The higher this ratio, the greater is a title insurer's ability to meet obligations to its assureds.
7. Bulk pool risk in-force, which represented 6.8% of total bulk risk in-force at December 31, 2020, has been allocated pro-rata on the basis of insurance in-force.
8. The LTV distribution reflects the base LTV ratios which are determined prior to the impact of single premiums financed and paid at the time of loan origination.
9. A special cash dividend of $1.00 per share was declared in December 2017 in addition to the regular quarterly dividend payment of $0.19 per share. A special cash dividend of $1.00 per share was paid in September 2019 in addition to the regular quarterly dividend payment of $0.20 per share.
   A special cash dividend of $1.00 per share was declared in December 2020 in addition to the regular quarterly dividend payment of $0.21 per share.
10. Certain reclassification adjustments were made to increase prior periods' net premiums and fees earned with a corresponding increase to sales and general expenses. These adjustments were made to conform all prior periods to the presentation adopted in 2020 to reflect such revenues gross of applicable commission expense and had no impact on segmented pretax operating income (loss) in any period presented.

10