RLI Declares Regular & Special Dividends

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has declared a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.25 per share, both payable on December 20, 2021. The special dividend totals approximately $90 million, reflecting RLI's strong performance and commitment to returning capital to shareholders. In 2021, RLI returned $135 million to shareholders, contributing to a total of over $1.1 billion returned over the past decade. RLI has paid increasing dividends for 46 consecutive years, underscoring its financial strength.

Positive

• Declared a special cash dividend of $2.00 per share, totaling approximately $90 million.
• Returned $135 million to shareholders in 2021 despite catastrophe losses.
• Total of over $1.1 billion returned to shareholders in the last ten years.
• 46 consecutive years of increasing dividends, showcasing financial strength.

Negative

• Impacted by catastrophe losses in 2021.

PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $90 million, and a regular quarterly cash dividend of $0.25 per share. Both dividends are payable on December 20, 2021, to shareholders of record as of November 30, 2021.

“We are pleased to be able to share the rewards of our strong performance and return excess capital to shareholders through a $2.00 per share special dividend,” said RLI Chairman & CEO Jonathan E. Michael. “Our ability to return $135 million to shareholders in 2021, despite the impact of catastrophe losses on our business, is a testament to RLI’s financial strength and sustainability. Including today’s announced dividends, RLI has returned more than $1.1 billion to shareholders over the last ten years. We remain confident in our ability to continue to grow our business, serve our policyholders well and deliver long-term value to shareholders.”

ABOUT RLI

RLI Corp. (NYSE: RLI) is a specialty insurer serving 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 AM Best Company. RLI has paid and increased regular dividends for 46 consecutive years and delivered underwriting profits for 25 consecutive years. To learn more about RLI, visit www.rlicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110006142/en/

Aaron Diefenthaler

Vice President, Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What is the special dividend amount declared by RLI Corp?

RLI Corp. declared a special cash dividend of $2.00 per share.

When will RLI Corp.'s dividends be paid?

Both the special and regular dividends will be paid on December 20, 2021.

How much has RLI Corp. returned to shareholders in the last decade?

RLI Corp. has returned over $1.1 billion to shareholders in the last ten years.

What is the regular quarterly dividend amount for RLI Corp?

The regular quarterly cash dividend is $0.25 per share.

How long has RLI Corp. consistently paid dividends?

RLI Corp. has paid increasing dividends for 46 consecutive years.