Exhibit 99.1
NEWS BULLETIN
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Old Republic International Corporation
307 North Michigan Avenue, Chicago, IL 60601-5382 312/346-8100
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For Further Information:
AT OLD REPUBLIC: AT FINANCIAL RELATIONS BOARD:
A.C. Zucaro George Zagoudis
Chairman & CEO General Information
(312) 346-8100 (312) 640-6663
gzagoudis@financialrelationsboard.com
AT FINANCIAL RELATIONS BOARD: AT FINANCIAL RELATIONS BOARD:
Leslie Loyet Tim Grace
Analysts/Investors Media Inquiries
(312) 640-6672 (312) 640-6667
lloyet@financialrelationsboard.com tgrace@financialrelationsboard.com
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FOR IMMEDIATE RELEASE NYSE: ORI
WEDNESDAY, MARCH 16, 2005
OLD REPUBLIC FILES PRELIMINARY ANNUAL
REPORT ON FORM 10-K
CHICAGO - MARCH 16, 2005 Old Republic International Corporation (NYSE: ORI)
announced today that it has filed a report on Form 12b-25 with the Securities
and Exchange Commission for an automatic fifteen-day extension for the filing of
its Annual Report on Form 10-K. The Company has also filed a preliminary Annual
Report on Form 10-K which is complete except as to Item 8 which does not contain
the Report of the Independent Registered Public Accounting Firm, Item 9A which
does not contain management's report on internal control over financial
reporting and its evaluation of disclosure controls and procedures, and
miscellaneous exhibits. These exclusions notwithstanding, Item 8 contains
management's report taking responsibility for the preparation of the Company's
consolidated financial statements, and its opinion that such financial
statements present fairly the Company's financial position as of December 31,
2004 and 2003, and the results of operations for the three year period ended
December 31, 2004.
As stated in the Company's report on Form 12b-25 the filing extension is
necessary to enable it and its public accounting firm time to complete their
reviews and assessments of Old Republic's internal control over financial
reporting. As of this date, management expects to complete such reviews and
assessments and to issue a completed Form 10-K within the fifteen day extension
period ending on March 31, 2005.
About Old Republic
Chicago-based Old Republic International Corporation is an insurance holding
company whose subsidiaries market, underwrite and provide risk management
services for a wide variety of coverages in the property and liability, mortgage
guaranty, and title insurance fields. One of the nation's 50 largest publicly
owned insurance organizations, Old Republic has assets of approximately $10.6
billion and shareholders' equity of $3.87 billion. Its current stock market
valuation is approximately $4.39 billion.
For the latest news releases and other corporate documents on Old Republic
International visit www.oldrepublic.com
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