680223AF1

Old Republic International Corp

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A specialty insurer that protects people in two very different ways: it underwrites commercial coverage like trucking and liability policies for businesses, and it's one of the largest U.S. title insurers, verifying property ownership so home and commercial real estate deals close safely. Founded in 1923 as the Garfield Casualty Company, it took the name "Old Republic" in 1930 to evoke tradition and stability, though its title arm traces back to 1907. Its corporate mantra is "Managing for the long run," a nod to its habit of judging performance over decades rather than quarters.

8.000% note due May 2012