ORI 401(k) Plan Discloses Significant Stake in Old Republic International

TL;DR

**ORI's employee 401(k) plan holds a big chunk of the company's stock, signaling internal confidence.**

AI Summary

The ORI 401(k) Savings and Profit Sharing Plan, an employee retirement plan for Old Republic International Corp. (ORI), filed an SC 13G on February 12, 2024, disclosing its ownership of ORI common stock as of December 31, 2023. This filing indicates that the employees, through their retirement plan, hold a significant stake in the company, which can be a positive sign of internal confidence in the company's future. For investors, this shows that the people working at ORI have a vested interest in the company's long-term success.

Why It Matters

This filing shows that Old Republic International's own employees, through their 401(k) plan, are substantial shareholders, aligning employee interests with company performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an existing ownership stake by an employee retirement plan, which generally poses low risk to investors.

Analyst Insight

Investors should note that employee ownership through a 401(k) plan can indicate long-term commitment and alignment of interests, but this filing itself doesn't provide new information about company performance or strategy.

Key Players & Entities

• ORI 401(k) Savings and Profit Sharing Plan (company) — the reporting person and owner of the shares
• Old Republic International Corp. (company) — the issuer of the securities
• Illinois (person) — place of organization for the reporting person
• December 31, 2023 (person) — date of event requiring the filing
• February 12, 2024 (person) — date the SC 13G was filed

FAQ

Key Financial Figures

• $1.00 — ration (NAME OF ISSUER) Common Stock, $1.00 Par Value (TITLE OF CLASS OF SECURITIE

Filing Documents

• sc13gori401kplan2023.htm (SC 13G) — 38KB
• 0001455931-24-000002.txt ( ) — 40KB

(a) NAME OF ISSUER

Item 1(a) NAME OF ISSUER The name of the issuer is Old Republic International Corporation (the "Issuer").

(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The address of the principal executive offices of the Issuer is 307 North Michigan Avenue, Chicago, Illinois 60601.

(a) NAME OF PERSON FILING

Item 2(a) NAME OF PERSON FILING ORI 401(k) Savings and Profit Sharing Plan

(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE

Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE 307 North Michigan Avenue, Chicago, Illinois 60601

(c) CITIZENSHIP

Item 2(c) CITIZENSHIP Illinois

(d) TITLE OF CLASS OF SECURITIES

Item 2(d) TITLE OF CLASS OF SECURITIES The class of equity securities to which the Statement relates is the Common Stock of the Issuer.

(e) CUSIP NUMBER

Item 2(e) CUSIP NUMBER The CUSIP number of the Common Stock is 680223-104

This statement is being filed pursuant to 240.13d-1(b). THE PERSON FILING THIS

Item 3 This statement is being filed pursuant to 240.13d-1(b). THE PERSON FILING THIS f x Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") or Endowment Fund.

OWNERSHIP

Item 4 OWNERSHIP (a) Amount Beneficially Owned 19,361,423 (b) Percent of Class 7.0% (c) Number of shares as to which such person has (i) sole power to vote or to direct the vote 3,954,415 (ii) shared power to vote or to direct the vote 15,407,008 (iii) sole power to dispose or direct the disposition of 3,954,415 (iv) shared power to dispose or direct the disposition of 15,407,008 401(k) Plan Participants have the right to direct the voting of Common Stock allocated to their accounts on all matters required to be submitted to a vote of shareholders. If no directions are received as to the voting of allocated shares of Common Stock and for shares not yet allocated to a participant's account, the 401(k) Plan's Administration Committee will direct the vote of such shares as it sees fit. Decisions as to purchases, dispositions or tenders of the Common Stock are generally directed by the 401(k) Plan's Administration Committee. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Person is for the purposes of Section 1(d) and 13(g) of the Act, the beneficial owner of any securities covered by this Statement.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH

Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable.

NOTICE OF DISSOLUTION OF GROUP

Item 9 NOTICE OF DISSOLUTION OF GROUP Not applicable.

CERTIFICATION

Item 10 CERTIFICATION By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of such securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2024 ORI 401(k) SAVINGS AND PROFIT SHARING PLAN By s Frank J. Sodaro _________________________________________________ Frank J. Sodaro, Member of the Administration Committee

View Full Filing

View this SC 13G filing on SEC EDGAR