Business: Old Republic International Corporation is among the nation's 50 largest publicly held insurance organizations, with a substantial interest in major segments of the industry. The Company is primarily a commercial lines underwriter, serving many of America's leading industrial and financial services companies as valued customers. Since 1923, Old Republic has grown as a specialty insurance business, though their oldest subsidiary has insured lives since 1887. Old Republic's record as a long-term growth company is one of the best in the industry. The Company's performance reflects an entrepreneurial spirit, sound forward planning, and a corporate structure that promotes and encourages assumption of prudent business risks.