RLI Declares Regular & Special Dividends
RLI Corp. (NYSE: RLI) announced a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.27 per share, totaling approximately $91 million, payable on December 20, 2023. President & CEO Craig Kliethermes highlighted the company's ability to return value to shareholders despite unprecedented catastrophe activity and debt retirement.
11/08/2023 - 04:10 PM
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 $91 million $0.27
“RLI’s ability to return $91 million $150 million
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 48 consecutive years and delivered underwriting profits for 27 consecutive years. To learn more about RLI, visit www.rlicorp.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20231108363755/en/
Aaron Diefenthaler
Aaron.Diefenthaler@rlicorp.com
Source: RLI Corp.
RLI Corp. (NYSE: RLI) announced a special cash dividend of $2.00 per share.
Both dividends are payable on December 20, 2023.
Craig Kliethermes highlighted the company's ability to return value to shareholders despite unprecedented catastrophe activity and debt retirement.
RLI Rankings
#1988 Ranked by Stock Gains
RLI Stock Data
Industry
Direct Property and Casualty Insurance Carriers
Sector
Finance and Insurance
Tags
Finance, Property/Casualty Insurance, Finance and Insurance, Direct Property and Casualty Insurance Carriers
Country
US
City
Peoria
About RLI
rli is a specialty insurance company that offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. we combine profitable underwriting, solid investment returns and effective capital management to deliver consistent, long-term growth in shareholder value. rli has more than 850 employees in 50 locations across the united states. at rli, our talent distinguishes us and that makes us different. we hire smart people, including the best underwriters in the business, and then give them the resources and freedom to drive profitable growth. our niche, market-driven products exceed customer expectations; satisfying demands where other insurance companies do not compete. our vision for the future is to remain focused on building and managing a portfolio of innovative products and solutions that meet and surpass the expectations of shareholders. for more information, please visit www.rlicorp.com.
