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PR Newswire·

OLD REPUBLIC ANNOUNCES RESULTS OF THE SPECIAL MEETING OF MEMBERS OF EVERETT CASH MUTUAL INSURANCE CO.

  • Old Republic International Corporation acquired ECM Insurance Company after members of Everett Cash Mutual Insurance Co. approved the conversion from a mutual to a stock entity.
  • Old Republic completed a cash subscription offering to ECM members, employees, and non-employee directors, raising approximately $25 million.
  • The shares were sold at $25.80 each, representing a 35% discount to the 10-day volume-weighted average trading price of $39.70.
  • Upon filing amended articles of incorporation with Pennsylvania on July 1, 2026, Old Republic will deliver up to 956,000 shares to finalize the acquisition of the ECM Group.
  • President & CEO Craig R. Smiddy cited ECM's deep expertise in the commercial agricultural market & disciplined underwriting as key strategic assets.