Old Republic International Corporation (NYSE:ORI) Q2 2023 Earnings Call Transcript

And therefore, any of that capital that we return through share repurchases obviously is not available to be returned by a special dividend. So, we have introduced that, again, as a tool in our capital management toolbox, and we’ll continue to, with the Board, discuss returning capital every quarter. And we know that we have tools to do that. If we deem we have excess capital, those tools being still special dividends as well as additional share repurchase authorization.

Ryan Winrick: Okay. Appreciate your input.

Operator: We have no further questions at this time. I’ll turn it back to management for any closing remarks.

Craig Smiddy: Okay. Well, thank you all very much for participating, and we hope that you enjoy your summer, and we will look forward to talking to you all again next quarter and excited to report our ongoing progress throughout the year. So thank you very much, and have a good day.

Operator: This concludes today’s conference call. You may now disconnect. Thank you.