About

Mr. Oberst has been Executive Vice President of Old Republic International since October 2019 and is Chief Executive Officer of Old Republic Risk Management, Inc., which he joined in 1999. He is 58 years old and is one of the Company's named executive officers within the specialty insurance business.

Roles

Old Republic International Corp.
Executive Vice President · Current role
2019–present
Old Republic Risk Management, Inc.
Chief Executive Officer · With the company since 1999.
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Fixed Compensation

FY 2025
Salary
$706,539
ComponentAnnual base salary
Change in pension value
$34,258
PlanOld Republic International Employees Retirement Plan (frozen 12/31/2013)
All other compensation
$83,966
IncludesCompany contributions to defined contribution/401(k) plans, perquisites and related tax gross-ups
Total compensation
$3,963,125

Performance Compensation

Data from FY 2025

Cash incentive

Annual cash incentive (PRP)
$1,126,212
FormNon-Equity Incentive Plan Compensation (Performance Recognition Plan)
Target Opportunity
$1,024,481
Threshold$512,240
Maximum$2,048,962
MetricsNet earned premiums & fees growth (35%), underwriting margin/combined ratio (35%), discretionary (30%)

Stock awards

Stock awards
$1,619,895
FormRestricted stock units (11,047) and performance-based restricted stock units (33,140 target)
Grant dateMarch 11, 2025
Option awards
$392,256
FormNon-qualified stock options (57,600)
Exercise price$36.66

Also at Old Republic International Corp.

Colleague
Craig R. Smiddy
President and Chief Executive Officer; Director
Colleague
Barbara A. Adachi
Independent Director
Colleague
Steven J. Bateman
Independent Director

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