<SEC-DOCUMENT>0000074260-14-000018.txt : 20140218
<SEC-HEADER>0000074260-14-000018.hdr.sgml : 20140217
<ACCEPTANCE-DATETIME>20140214184937
ACCESSION NUMBER:		0000074260-14-000018
CONFORMED SUBMISSION TYPE:	13F-HR/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131231
FILED AS OF DATE:		20140218
DATE AS OF CHANGE:		20140214
EFFECTIVENESS DATE:		20140218

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:		13F-HR/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-15996
		FILM NUMBER:		14619716

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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      <filer>
        <credentials>
          <cik>0000074260</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2013</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2013</reportCalendarOrQuarter>
      <isAmendment>true</isAmendment>
      <amendmentNo>1</amendmentNo>
      <amendmentInfo>
        <amendmentType>RESTATEMENT</amendmentType>
      </amendmentInfo>
      <filingManager>
        <name>OLD REPUBLIC INTERNATIONAL CORP</name>
        <address>
          <com:street1>307 N MICHIGAN AVE</com:street1>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60601</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-15996</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Charles S. Boone</name>
      <title>Chief Investment Officer</title>
      <phone>312-346-8100</phone>
      <signature>/s/ Charles Boone</signature>
      <city>Chicago</city>
      <stateOrCountry>IL</stateOrCountry>
      <signatureDate>02-14-2014</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>64</tableEntryTotal>
      <tableValueTotal>763425</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
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      <sshPrnamt>156500</sshPrnamt>
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    <titleOfClass>Common</titleOfClass>
    <cusip>00206R102</cusip>
    <value>19936</value>
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    <titleOfClass>Common</titleOfClass>
    <cusip>05379B107</cusip>
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    </votingAuthority>
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    </votingAuthority>
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    <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
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      <Sole>135900</Sole>
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    <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>10661</value>
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      <sshPrnamt>213000</sshPrnamt>
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      <Sole>213000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>MERCURY GENERAL CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>589400100</cusip>
    <value>13596</value>
    <shrsOrPrnAmt>
      <sshPrnamt>273500</sshPrnamt>
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      <Sole>273500</Sole>
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      <None>0</None>
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    <nameOfIssuer>MGE ENERGY INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>55277P104</cusip>
    <value>3280</value>
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      <sshPrnamt>56837</sshPrnamt>
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    <votingAuthority>
      <Sole>56837</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORFOLK SOUTHERN CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>655844108</cusip>
    <value>9933</value>
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      <sshPrnamt>107000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>107000</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHWEST NATURAL GAS CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>667655104</cusip>
    <value>7720</value>
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      <sshPrnamt>180300</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>180300</Sole>
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      <None>0</None>
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    <nameOfIssuer>NUCOR CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>670346105</cusip>
    <value>14626</value>
    <shrsOrPrnAmt>
      <sshPrnamt>274000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>274000</Sole>
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      <None>0</None>
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    <nameOfIssuer>PEPCO HOLDING INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>713291102</cusip>
    <value>5117</value>
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      <sshPrnamt>267501</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>267501</Sole>
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      <None>0</None>
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    <nameOfIssuer>PFIZER INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>717081103</cusip>
    <value>10721</value>
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      <sshPrnamt>350000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>350000</Sole>
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      <None>0</None>
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    <nameOfIssuer>PIEDMONT NATURAL GAS CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>720186105</cusip>
    <value>6625</value>
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      <sshPrnamt>199800</sshPrnamt>
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    <votingAuthority>
      <Sole>199800</Sole>
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      <None>0</None>
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    <nameOfIssuer>PORTLAND GENERAL ELECTRIC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>736508847</cusip>
    <value>4439</value>
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      <sshPrnamt>147000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>147000</Sole>
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      <None>0</None>
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    <nameOfIssuer>PPL CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>69351T106</cusip>
    <value>7237</value>
    <shrsOrPrnAmt>
      <sshPrnamt>240500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>240500</Sole>
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      <None>0</None>
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    <nameOfIssuer>PROCTER &amp; GAMBLE CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>742718109</cusip>
    <value>11397</value>
    <shrsOrPrnAmt>
      <sshPrnamt>140000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>140000</Sole>
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      <None>0</None>
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    <nameOfIssuer>QUESTAR CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>748356102</cusip>
    <value>6828</value>
    <shrsOrPrnAmt>
      <sshPrnamt>297000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>297000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>RAYTHEON CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>755111507</cusip>
    <value>17142</value>
    <shrsOrPrnAmt>
      <sshPrnamt>189000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>189000</Sole>
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      <None>0</None>
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    <nameOfIssuer>RPM INTERNATIONAL</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>749685103</cusip>
    <value>7887</value>
    <shrsOrPrnAmt>
      <sshPrnamt>190000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>190000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SCANA CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>80589M102</cusip>
    <value>4693</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SONOCO PRODUCTS</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>835495102</cusip>
    <value>15186</value>
    <shrsOrPrnAmt>
      <sshPrnamt>364000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>364000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SOUTHERN COMPANY</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>842587107</cusip>
    <value>9196</value>
    <shrsOrPrnAmt>
      <sshPrnamt>223700</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>223700</Sole>
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      <None>0</None>
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    <nameOfIssuer>SYSCO CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>871829107</cusip>
    <value>10758</value>
    <shrsOrPrnAmt>
      <sshPrnamt>298000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>298000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TECO ENERGY INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>872375100</cusip>
    <value>6091</value>
    <shrsOrPrnAmt>
      <sshPrnamt>353300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>353300</Sole>
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      <None>0</None>
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    <nameOfIssuer>UIL HOLDINGS CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>902748102</cusip>
    <value>4999</value>
    <shrsOrPrnAmt>
      <sshPrnamt>129000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>129000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>UNITED PARCEL SERVICES INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>911312106</cusip>
    <value>7986</value>
    <shrsOrPrnAmt>
      <sshPrnamt>76000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>76000</Sole>
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      <None>0</None>
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    <nameOfIssuer>UNS ENERGY CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>903119105</cusip>
    <value>4309</value>
    <shrsOrPrnAmt>
      <sshPrnamt>72000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>72000</Sole>
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      <None>0</None>
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    <nameOfIssuer>VECTREN CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92240G101</cusip>
    <value>4120</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>VERISK ANALYTICS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92345Y106</cusip>
    <value>185330</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2820000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>92343V104</cusip>
    <value>23243</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <nameOfIssuer>WALGREEN CO</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>931422109</cusip>
    <value>8501</value>
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      <None>0</None>
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    <nameOfIssuer>WESTAR ENERGY INC</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
    <cusip>95709T100</cusip>
    <value>5083</value>
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      <sshPrnamt>158000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>158000</Sole>
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    <nameOfIssuer>WGL HOLDINGS INC</nameOfIssuer>
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    <value>6366</value>
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    <nameOfIssuer>XCEL ENERGY CORP</nameOfIssuer>
    <titleOfClass>Common</titleOfClass>
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    <value>7544</value>
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      <sshPrnamt>270000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>270000</Sole>
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      <None>0</None>
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</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
