Old Republic International to Acquire Everett Cash Mutual Insurance
Reuters
Oct 23, 2025
Old Republic International to Acquire Everett Cash Mutual Insurance
Old Republic International Corporation plans to acquire Everett Cash Mutual Insurance Co. (ECM) and its affiliated companies, following ECM's conversion to a stock company in a sponsored demutualization transaction. ECM, based in Everett, Pennsylvania, is a leading insurer of small farmowners and select commercial agricultural operations, operating in 48 states and the District of Columbia. In 2024, ECM wrote $237 million in direct written premium and ended the year with a policyholders' surplus of $126 million. The transaction, expected to close in 2026 pending regulatory and policyholder approval, is anticipated to be accretive to Old Republic's book value per share and operating income per share. ECM's leadership and employees are expected to join Old Republic following the completion of the deal.
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