0001104659-16-141031.txt : 20160823 0001104659-16-141031.hdr.sgml : 20160823 20160823142020 ACCESSION NUMBER: 0001104659-16-141031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160823 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160823 DATE AS OF CHANGE: 20160823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLD REPUBLIC INTERNATIONAL CORP CENTRAL INDEX KEY: 0000074260 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 362678171 STATE OF INCORPORATION: DE FISCAL YEAR END: 0821 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10607 FILM NUMBER: 161846991 BUSINESS ADDRESS: STREET 1: 307 N MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3123468100 MAIL ADDRESS: STREET 1: 307 N MICHIGAN AVE CITY: CHICAGO STATE: IL ZIP: 60601 8-K 1 a16-16962_48k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 23, 2016

 

 

OLD REPUBLIC INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware
State or Other Jurisdiction
of Incorporation

 

001-10607
Commission File Number

 

36-2678171
I.R.S. Employer
Identification Number

 

307 North Michigan Avenue, Chicago, Illinois 60601

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (312) 346-8100

 

No Change

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o               Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o               Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o               Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o               Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 8.01.                                        Other Events

 

Old Republic International Corporation is filing as Exhibit 12.1 to this Current Report on Form 8-K a Statement Regarding Computation of Ratio of Earnings to Fixed Charges, which includes the calculation of its historical ratio of earnings to fixed charges for the six months ended June 30, 2016 and each of the five fiscal years in the five-year period ended December 31, 2015, and is incorporated herein by reference.

 

Item 9.01.                                        Financial Statements and Exhibits.

 

(d) Exhibits

 

12.1                                                                        Ratio of Earnings to Fixed Charges for the six months ended June 30, 2016 and each of the five fiscal years in the five-year period ended December 31, 2015.

 

2


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

OLD REPUBLIC INTERNATIONAL CORPORATION

 

 

Date: August 23, 2016

 

 

By:

/s/ John R. Heitkamp, Jr.

 

 

John R. Heitkamp, Jr.

 

 

Senior Vice President, General Counsel and Secretary

 

3


 

INDEX TO EXHIBITS

 

Exhibits

 

12.1                                                                        Ratio of Earnings to Fixed Charges for the six months ended June 30, 2016 and each of the five fiscal years in the five-year period ended December 31, 2015.

 

4

 EX-12.1 2 a16-16962_4ex12d1.htm EX-12.1

Exhibit 12.1

 

OLD REPUBLIC INTERNATIONAL CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

($ in thousands)

 

 

 

June 30,

 

Years Ended December 31,

 

ACTUAL

 

2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

EARNINGS AVAILABLE FOR FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes (credits)

 

331,169

 

631,823

 

609,485

 

672,952

 

(128,572

)

(236,707

)

Adjustment - income from equity investees

 

(433

)

(1,431

)

(2,968

)

(5,643

)

(9,199

)

(1,293

)

Adjustment - distributed income of equity investees

 

367

 

441

 

411

 

708

 

500

 

523

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

21,609

 

42,936

 

28,365

 

23,197

 

34,674

 

51,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

352,712

 

673,769

 

635,293

 

691,214

 

(102,597

)

(186,347

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

21,609

 

42,936

 

28,365

 

23,197

 

34,674

 

51,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21,609

 

42,936

 

28,365

 

23,197

 

34,674

 

51,130

 

RATIO OF EARNINGS TO FIXED CHARGES

 

16.32

 

15.69

 

22.40

 

29.80

 

NM

 

NM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DEFICIENCY

 

N/A

 

N/A

 

N/A

 

N/A

 

137,271

 

237,477