RLI Announces Sale of Minority Ownership Interest in Maui Jim, Inc.

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has announced the sale of its minority interest in Maui Jim, Inc.. This transaction is detailed in a Form 8-K filed today and is accessible on RLI’s website. Selling this stake indicates a strategic move for RLI, potentially reallocating resources to enhance its core operations or investments.

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it has agreed to sell its minority interest in Maui Jim, Inc. For additional information, please refer to the Form 8-K filed today by RLI Corp. in connection with the transactions described herein which is available on RLI’s website at www.rlicorp.com and on the SEC's EDGAR website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220314005396/en/

Aaron Diefenthaler

Vice President, Chief Investment Officer & Treasurer

800-331-4929

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What company did RLI Corp. sell its minority interest in?

RLI Corp. sold its minority interest in Maui Jim, Inc.

Where can I find the details of RLI Corp.'s recent transaction?

The details can be found in the Form 8-K filed by RLI Corp., available on their website.

What is the stock symbol for RLI Corp.?

The stock symbol for RLI Corp. is RLI.