internal
Craig R. Smiddy
President and Chief Executive Officer
Executive
7 yr
4 reports
Old Republic International Corporation ·ORI
CEO directly oversees insurance segments without a standalone COO
Financials · Fortune #463 · Holding structure · 9K employees · Chicago, Illinois
4
CEO span
↓ tighter than peers (avg 8)
4
Avg span
moderate
2
Max depth
2 levels
9 yr
Avg tenure
75%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$9.1B
Net income
$935M
Total assets
$29.9B
Shares out
246M
Sourced from Old Republic International Corporation DEF 14A · filed 2026-03-31 ↗ View on SEC
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Old Republic International Corporation organizational chart
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Old Republic International is structured as a conservative insurance holding company where the CEO directly oversees finance and major insurance segments without a standalone COO. This page details its executive structure, leadership tenure, and how its lean corporate model compares with insurance peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Therace M. Risch joined as Director (Audit & Governance Committees)
Joined the Board effective March 18, 2024.
Source · See change logScenario views in the chart
- Add a Chief Operating Officer Introduce a COO role to centralize oversight of insurance operations and reduce the CEO’s direct span.
- Consolidate Finance Under CFO Move treasury fully under the CFO to streamline financial governance.
Atlas work this supports
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The people
Who's running this
5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Frank J. Sodaro
Senior Vice President and Chief Financial Officer
Finance
5 yr
0 reports
internal
W. Todd Gray
Executive Vice President and Treasurer
Finance
10 yr
0 reports
internal
Carolyn Monroe
Senior Vice President, Title Insurance
Title Insurance
9 yr
0 reports
internal
Stephen J. Oberst
Executive Vice President
Insurance Operations
12 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Craig R. Smiddy $8.2M
- Base salary
- $990K
- Stock awards
- $4.02M
- Option awards
- $973K
- Non-equity incentive
- $2.18M
- Other
- $81K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
6×CEO base salary
1.5×NEO base salary
Directors must own at least $400,000 in company stock.
The businesses
How Old Republic International Corporation divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Finance & Treasury
300 employees
Senior Vice President & CFO (Frank J. Sodaro)
Oversees financial reporting, capital management, and treasury functions across the holding company.
Title Insurance
4K employees
Senior Vice President, Title Insurance (Carolyn Monroe)
Manages Old Republic’s national title insurance operations and underwriting performance.
Insurance Operations
4K employees
Executive Vice President (Stephen J. Oberst)
Oversees core insurance underwriting and operational support across property and casualty lines.
The thesis
Why this org is unusual
Old Republic International operates without a standalone COO, with the CEO directly supervising finance and major insurance segment leaders.
This structure reflects its long-standing holding-company model, where operating autonomy resides in insurance subsidiaries rather than in a centralized corporate operating layer.
The CEO’s span of control is relatively narrow, focusing on capital management, treasury, and segment oversight. Compared with peers, ORI emphasizes continuity and internal promotion, evident in the long tenures of its senior executives.
This conservative structure aligns with the company’s emphasis on underwriting discipline and decentralized insurance operations, rather than aggressive centralization.
- No standalone COO
- Long-tenured executive team
The comparison
How Old Republic International Corporation stacks up
Compared with peers like Chubb and Travelers, Old Republic maintains a leaner corporate center and fewer C-suite roles. Many competitors employ COOs or regional presidents, while ORI relies on experienced segment heads reporting directly to the CEO. This reflects its historical culture and focus on long-term …
C-suite size
Old Republic International Corporation
5
Chubb Limited
10
CNA Financial
8
Reporting depth
Old Republic International Corporation
2 levels
Chubb Limited
4 levels
4 levels
CNA Financial
4 levels
3 levels
Avg C-suite tenure
Old Republic International Corporation
9 yr
Chubb Limited
6 yr
CNA Financial
5 yr
8 yr
Has COO / Has CAIO
Old Republic International Corporation — no COO — no CAIO
Chubb Limited ✓ COO — no CAIO
CNA Financial ✓ COO — no CAIO
Current signals
What changed recently
The most notable recent change was the continued shift toward performance-based executive incentives under the PRP.
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-31
- CEO
- Craig R. Smiddy
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 9 yr
Leadership continuity with no major C-suite turnover.
Named executive officers (5)
- Craig R. Smiddy - President & CEO since 2019
- Frank J. Sodaro - CFO since 2021
- W. Todd Gray - EVP & Treasurer since 2015
- Carolyn Monroe - SVP, Title since 2016
- Stephen J. Oberst - EVP since 2013
Frequently Asked Questions
Who is the CEO of Old Republic International?
Craig R. Smiddy has served as President and CEO since 2019.
What type of organizational structure does Old Republic International use?
It operates as a decentralized insurance holding company.
How many direct reports does Old Republic International's CEO have?
The CEO has four direct executive reports.
How has Old Republic International's leadership changed recently?
Recent changes include board refreshment and a continued shift to performance-based executive compensation.
Does Old Republic International have a COO?
No, the company does not currently have a standalone Chief Operating Officer.
Sources
- DEF 14A Filing, Mar 2025
- Company Proxy Statement, 2025
- SEC EDGAR: Old Republic International Corporation DEF 14A Proxy Statement
- SEC EDGAR: Old Republic International Corporation 10-K Annual Report
Reference
Cite this page
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APA 7th
Creately. (2026). Old Republic International Corporation organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/old-republic-international/MLA 9th
"Old Republic International Corporation Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/old-republic-international/. Accessed .Chicago 17
Creately. "Old Republic International Corporation Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/old-republic-international/.Original SEC source View on SEC ↗
Old Republic International Corporation. DEF 14A. Filed 2026-03-31. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/74260/000114036126012317/ny20056001x1_def14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/old-republic-international/ · last updated 2026-04-01