About
Mr. Smiddy was elected Old Republic's President and Chief Executive Officer in 2019, having served as President and Chief Operating Officer since June 2018. He has been President and Chief Executive Officer of Old Republic Specialty Insurance Group (formerly Old Republic General Insurance Group) since 2015 and 2019, respectively, and was its Chief Operating Officer from 2013 to 2019. Before joining Old Republic he was President of the Specialty Markets Division of Munich Reinsurance America, Inc. He chairs the Board's Executive Committee and is the only management (non-independent) director.
Roles
Old Republic International Corp.
President and Chief Executive Officer; Director · Current role
2019–present
Old Republic International Corporation
President and Chief Operating Officer
2018 - 2019
Old Republic Specialty Insurance Group, Inc.
President and Chief Executive Officer · CEO since December 2019; President since August 2015.
—
Old Republic Specialty Insurance Group, Inc.
Chief Operating Officer
2013 - 2019
Munich Reinsurance America, Inc.
President, Specialty Markets Division · Role held prior to joining Old Republic.
—
Fixed Compensation
FY 2025Salary
$990,385
ComponentAnnual base salary
All other compensation
$80,759
IncludesCompany contributions to defined contribution/401(k) plans, perquisites and related tax gross-ups
Total compensation
$8,238,993
Performance Compensation
Data from FY 2025Cash incentive
Annual cash incentive (PRP)
$2,177,460
FormNon-Equity Incentive Plan Compensation (Performance Recognition Plan)
Target Opportunity
$1,980,769
Threshold$990,385
Maximum$3,961,539
MetricsNet earned premiums & fees growth (35%), underwriting margin/combined ratio (35%), discretionary (30%)
Stock awards
Stock awards
$4,017,533
FormRestricted stock units (27,397) and performance-based restricted stock units (82,192 target)
Grant dateMarch 11, 2025
PSU vesting3-year performance period; 3-yr average operating ROE (50%) and 3-yr book value compound total return (50%)
Option awards
$972,856
FormNon-qualified stock options (142,857)
Exercise price$36.66
VestingThree equal annual installments
Also at Old Republic International Corp.
Related
Company
Old Republic International Corp.
Company hub
Deal
Old Republic International Aon Construction Program Special Risk Resources Insurance Agency And Special Risk Resources Insurance Agency Of New York 2006
Deal page
Deal
Old Republic International Everett Cash Mutual Insurance Ecm Insurance Ecm 2026
Deal page
See how Top Bucket AI works for your firm
Request DemoTop Bucket AI Research
Stay ahead of private markets
Research and market intelligence for private-markets professionals.
✓
You're subscribed.
Thanks for signing up.