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Section 1: 8-K (8-K)




Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 13, 2019


RLI Corp.

(Exact name of registrant as specified in its charter)




(State or other jurisdiction


(IRS Employer

of incorporation)

File Number)

Identification No.)

9025 North Lindbergh Drive, PeoriaIL


(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (309) 692-1000

Not applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class


Trading Symbol


Name of each exchange on which registered

Common Stock $0.01 par value


New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 8.01 Other Events.

On November 13, 2019, RLI announced that its Board of Directors approved a special cash dividend on its common stock of $1.00 per share and a regular quarterly dividend on its common stock of $0.23 per share.  Both dividends are payable on December 20, 2019 to shareholders of records as of November 29, 2019. 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.



Press Release dated November 13, 2019.

This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934.


Cover Page Interactive Data File (embedded within the Inline XBRL document).



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.










Date: November 13, 2019


/s/ Jeffrey D. Fick



Jeffrey D. Fick



Sr. Vice President, Chief Legal Officer

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Section 2: EX-99.1 (EX-99.1)

Press Release_Exhibit_99.1_Dividend




Exhibit 99.1


Picture 77



PEORIA, ILLINOIS, November 13, 2019 -- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its board of directors has declared a special cash dividend of $1.00 per share of common stock, which is expected to total approximately $45 million, and a regular quarterly cash dividend of $0.23 per share. Both dividends are payable on December 20, 2019, to shareholders of record as of November 29, 2019.


“As a result of our strong underwriting and financial performance in 2019, we are pleased to share the rewards of our success through a special dividend,” said RLI Chairman & CEO Jonathan E. Michael. “Returning excess capital to our shareholders is consistent with our long-term capital management strategy and reflects our commitment to enhancing shareholder value. Including today’s announced dividends, RLI has returned more than $1.2 billion to shareholders over the last ten years.”



RLI Corp. (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by A.M. Best Company. RLI has paid and increased regular dividends for 44 consecutive years and delivered underwriting profits for 23 consecutive years. To learn more about RLI, visit


Aaron Diefenthaler

Vice President, Chief Investment Officer & Treasurer


[email protected]


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