Timeline
2012
  • Increased dividends for 37th consecutive year
2011
  • Completed purchase of Contractors Bonding and Insurance Company
  • Gerald D. Stephens, RLI Founder and Chairman, retires; Jonathan E. Michael, RLI President and CEO, appointed Chairman of the Board
  • Created new Reinsurance Property Treaty Group
2010
  • Expanded into Crop Reinsurance with ProAg
  • Announced partnership with Embrace Pet Insurance
  • Created new Professional Services Group
2009
  • Named to Ward's 50, a list of industry's top-performing companies, for 19th consecutive year
2008
  • Launched architects and engineers (A&E ) professional liability division
  • Opened fidelity division
2007
  • Opened reinsurance division
2006
  • Began 31st consecutive year of dividend payments
2005
  • Celebrated 40th anniversary
  • Surpassed $100 million in dividends paid
  • Opened marine division
  • Received upgraded Moody's senior debt rating of Baa2 and financial strength rating of A2
2004
  • Received upgraded A.M. Best rating to A+
  • Attained market cap of $1 billion
2003
  • Sold $100 million in public offering of 5.95% senior notes due 2014
  • Planet Indemnity Company renamed as RLI Indemnity Company
2002
  • Announced equity offering, raised $125.2 million through the sale of 5.2 million shares of stock
  • Michael Stone named as insurance subsidiaries' president and COO.
2001
  • Named Jonathan Michael as RLI Corp. president and CEO
  • Watched the World Trade Center tragedy destroy RLI office; all associates survive
  • Completed stock repurchases of more than $78 million since 1996
  • Increased dividend for 25th straight year
2000
  • Named to S&P Small Cap 600 Index
  • Earned finalist honors for national Better Business Bureau award for ethics
1999
  • Acquired private holding company, parent of Underwriters Indemnity Company, offering surety bonds for oil, gas and energy industries
  • Received upgraded S&P rating to A+
1998
  • Inaugurated first e-commerce ventures
1997
  • Converted $46 million of outstanding convertible debentures to RLI stock
  • Elected Jonathan Michael to board of directors
  • Opened transportation insurance division
  • Received S&P rating of "A"
1996
  • Pioneered $50 million alternative catastrophe financing program
  • Increased dividend for 20th straight year
  • Merged RLI Vision Corp. with Hester Enterprises, maker of Maui Jim sunglasses.
1995
  • Named by Crain's Chicago Business to Illinois' Fastest Growing Companies list
  • RLI Professional Technologies acquired Target Industries; renamed RLI Vision Corp.
  • Launched website www.rlicorp.com
1994
  • Incurred Northridge Earthquake; after-tax losses totaled $44 million
  • Retired founding product, contact lens insurance
1993
  • Received upgraded A.M. Best rating for Mt. Hawley Ins. Co. to A (Excellent)
  • Issued public offering of $46 million in convertible debentures
1992
  • Established surety division.
  • Reported losses of $11 million from Hurricanes Andrew and Iniki, Los Angeles riots and two California earthquakes
  • Received upgraded A.M. Best rating for RLI Insurance Company to A (Excellent)
1991
  • First named to Ward's 50
1990
  • Stock was top performer of all property and casualty stocks on NYSE
1989
  • Received upgraded A.M. Best rating for RLI Insurance Company to A- (Excellent)
1987
  • RLI common stock moved to NYSE
  • Opened commercial casualty division
1986
  • Formed public holding company, American Capacity Group, Inc., parent of surplus lines company
1985
  • Issued $13.6 million of common stock at $1.95 per share (Split-adjusted)
1984
  • Opened first branch office in Los Angeles to write DIC and property
1979
  • Formed Mt. Hawley Insurance Company, an excess and surplus lines carrier
1977
  • Began underwriting specialty commercial property and casualty coverages
1976
  • Paid first dividend to shareholders
1975
  • Became Peoria's first Employee Stock Ownership Company
1973
  • Renamed United Founders to RLI Insurance Company
1971
  • RLI common stock first traded on NASDAQ
  • Issued $2.25 million in common stock at $0.58 per share (Split-adjusted)
1969
  • Private holding company renamed RLI Corp.
  • First public issuance: 110,000 shares of common stock at $0.26 per share (Split-Adjusted)
1965
  • Private holding company formed and acquired United Founders, Ins. Co. (formerly Main Mutual)
  • Sold $300,000 in stock to eye doctor clients
1961
  • Founded a contact lenses insurance agency, Replacement Lens Inc.
1959
  • Main Mutual Insurance Company founded under different management

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