About

Mr. Gray has been Executive Vice President of Old Republic International since May 2022 and Senior Vice President and Treasurer since June 2018, and previously served as Senior Vice President - Operations & Finance of Old Republic Specialty Insurance Group since September 2015. He is 58 years old and is one of the Company's named executive officers.

Roles

Old Republic International Corp.
Executive Vice President and Treasurer · Current role
2018–present
Old Republic Specialty Insurance Group
Senior Vice President - Operations & Finance
2015 - 2018

Fixed Compensation

FY 2025
Salary
$643,346
ComponentAnnual base salary
All other compensation
$79,346
IncludesCompany contributions to defined contribution/401(k) plans, perquisites and related tax gross-ups
Total compensation
$3,525,770

Performance Compensation

Data from FY 2025

Cash incentive

Annual cash incentive (PRP)
$1,025,484
FormNon-Equity Incentive Plan Compensation (Performance Recognition Plan)
Target Opportunity
$932,852
Threshold$466,426
Maximum$1,865,704
MetricsNet earned premiums & fees growth (35%), underwriting margin/combined ratio (35%), discretionary (30%)

Stock awards

Stock awards
$1,431,060
FormRestricted stock units (9,759) and performance-based restricted stock units (29,277 target)
Grant dateMarch 11, 2025
Option awards
$346,534
FormNon-qualified stock options (50,886)
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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