Aldo C. Zucaro served as the CEO of Old Republic International Corporation for over two decades, leading the company during significant changes in the insurance sector. He stepped down in 2019 after more than 45 years with the organization, highlighting...

Number of Employees

9.2K

Year

2019

Total Compensation

$1.41M

Salary

$663.75K

Board Justification

The compensation philosophy is to align executive compensation with the Company’s performance on both a short-term and long-term basis, focusing on premiums and fees growth, returns on equity, and operating earnings growth.

Bonus

$728.71K

Board Justification

The bonus is based on the Company’s consolidated results under the ORI KEPRP, which includes both cash and deferred amounts.

Other

$13.42K

Board Justification

Other compensation includes minor amounts covering the Company’s matching contribution to the executive officers’ ESSOP accounts and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2019 as the focus is on cash compensation and bonuses for this year.

Performance Metrics

The performance metrics include growth in premiums and fees, achieved returns on equity in excess of a preset minimum, growth in operating earnings, and underwriting results.

SEC Filing

From March 31, 2021

Aldo C. Zucaro

Ex-CEO of Old Republic International

AC

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1939 - 86 years ago

Is Founder?

No

Tenure

21 years 9 months (Jan 1998 - Oct 2019)

Previous Experience

Chairman and Chief Executive Officer of Old Republic International Corporation since 1998.