Craig Smiddy is the CEO of Old Republic International Corporation, a company he has led since October 2019. Before stepping into this role, he held various positions, including President and COO of Old Republic General Insurance Group, the company's largest...

Craig Smiddy is the CEO of Old Republic International Corporation, a company he has led since October 2019. Before stepping into this role, he held various positions, including President and COO of Old Republic General Insurance Group, the company's largest division. Smiddy’s background includes significant experience in the insurance industry, having previously worked at Munich Reinsurance America. He's known for driving performance-based strategies and a focus on long-term growth. In 2023, his total compensation was $5.88 million, reflecting his leadership in enhancing the company's success. Notably, under his guidance, Old Republic has seen strong financial performance metrics, aligning executive pay with company success. His investment interests show a steady growth trajectory, indicating confidence in the company’s future. Additionally, the pay ratio between him and the average employee stands at 70 to 1, highlighting the scale of executive compensation in relation to the broader workforce.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Old Republic International CEOs

O

Craig Smiddy

CEO of Old Republic International

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

January 1, 1964 - 61 years ago

CEO of Old Republic International for

5 years 6 months (Oct 2019 - Present)

Previous Experience

President and Chief Operating Officer of Old Republic General Insurance Group, Inc.

Rivals

Competitors/colleagues of Craig Smiddy

T

Joseph M. Zubretsky

CEO of The Hanover Insurance Group

2023 Compensation

Stock

$1.15M

Salary

$1.10M

Bonus

$2.04M

Other

$87.75K

Total Holdings

$110.57M

A

Daniel P. Amos

CEO of Aflac

2023 Compensation

Stock

$0.00

Salary

$1.44M

Bonus

$0.00

Other

$474.89K

Total Holdings

$278.87M

C

Evan G. Greenberg

CEO of Chubb

2023 Compensation

Stock

$18.41M

Salary

$1.55M

Bonus

$9.00M

Other

$1.46M

Total Holdings

$177.97M

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

H

Marita Zuraitis

CEO of Horace Mann Educators

2021 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.28M

Other

$146.88K

Total Holdings

$23.33M

C

Steven R. Johnston

CEO of Cincinnati Financial

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$0.00

Other

$233.32K

Total Holdings

$50.71M

Holdings

See how much did Craig Smiddy make over time.

Craig Smiddy’s stock holdings reveal a significant commitment to Old Republic International. His stake has seen considerable growth, especially noted in 2022 when there was a sudden surge in value reaching over $5 million. Throughout his tenure, fluctuations in stock...

Craig Smiddy’s stock holdings reveal a significant commitment to Old Republic International. His stake has seen considerable growth, especially noted in 2022 when there was a sudden surge in value reaching over $5 million. Throughout his tenure, fluctuations in stock values have mirrored the company’s performance, indicating an alignment of his interests with those of shareholders. As of late 2023, his holdings reached about $6.17 million, demonstrating a healthy increase and confidence in the company's trajectory. This growth reflects both the company's stability and Smiddy’s leadership strategy to enhance shareholder value over time.

Mar 17, 2025

O

shares

ORI @ $37.50

Total Stock Sold

$204.90K

ORI

$204.90K

5,296 ORI shares

What if they kept their stock?

If Craig Smiddy didn't sell their stock, today they would have:
Extra ORI5,296 shares worth $90.35K.
This is -55.91% and $114.55K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Craig Smiddy.

ORI

$204.45K

ORI at $38.61/share

Mar 3, 2025

Sale

ORI

82,000 shares

ORI

Mar 16, 2023

Received

ORI

70,000 shares

ORI

May 26, 2022

Received

Compensation History

See how much did Craig Smiddy make over time.

In 2023, Craig Smiddy earned a total compensation of $5.88 million as CEO, which includes a base salary of $926,667, a performance bonus of $2.2 million, and vested stock worth around $575,291. His compensation structure emphasizes performance metrics, tying a significant portion of his pay to the company's success. The substantial bonus reflects his ability to meet and exceed financial targets, particularly in net earned premiums and underwriting margins, indicative of robust management in a competitive insurance market. This philosophy aims to align the interests of shareholders and executive leadership, reinforcing the commitment to long-term growth.

Year

2023

Total Compensation

$3.82M

Salary

$926.67K

Board Justification

The compensation philosophy emphasizes alignment with company performance and shareholder interests, focusing on long-term growth and retention of key executives.

Bonus

$2.28M

Board Justification

The 2023 annual performance-based cash bonuses were awarded based on performance criteria including net earned premiums and fees, and underwriting margin/combined ratio.

Other

$37.02K

Board Justification

Other compensation includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$575.29K(14.73K Restricted Stock)

Board Justification

14,727 shares of restricted stock vested in 2023, with a realized value of $575,291.

Performance Metrics

Performance metrics include net earned premiums and fees, underwriting margin/combined ratio, and individual performance evaluations.

Other Old Republic International CEOs

Here are other CEOs of Old Republic International

Aldo C. Zucaro

Ex-CEO of Old Republic International

January 1998 - October 2019