Old Republic completes ECM Insurance acquisition via $24.7M discounted stock offering

Filed July 1, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  ORI completed acquisition of ECM Insurance Group following member approval of mutual-to-stock conversion, issuing up to 956,000 shares at $25.80 each (35% discount to $39.70 market price) to raise ~$24.7M from ECM members, employees, and directors.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  Transaction closes July 1, 2026 upon filing ECM's amended certificate of incorporation with Pennsylvania, adding commercial agricultural insurance capabilities to ORI's specialty insurance operations.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →
• medium

  Share issuance represents modest dilution of approximately 0.3% of ORI's outstanding shares, with discounted pricing typical for mutual-to-stock conversions to provide consideration to converting members.

  Exhibit 99.1 verify on EDGAR →