RLI SEC Filings

RLI Corp. reports solid 2025 operating performance as a specialty property, casualty and surety insurer with a strong focus on disciplined underwriting and reinsurance protection. Net premiums earned reached $1.61 billion, up from $1.53 billion in 2024, reflecting growth across casualty, property and surety segments.

The 2025 combined ratio was 83.6%, indicating underwriting profit and comparing favorably with the reported U.S. P&C industry combined ratio of 92.6%. Casualty products generated 60% of net premiums earned, property 31% and surety 9%, with notable growth in commercial excess and personal umbrella.

Financial strength remains a key pillar: policyholders’ surplus was $1.85 billion and the statutory net premiums written to surplus ratio was 0.88 to 1, well below common regulatory thresholds. AM Best affirmed an A+ (Superior) rating for the main insurance group, while Standard & Poor’s and Moody’s maintained A and A2 ratings.

RLI details extensive use of treaty and catastrophe reinsurance, including U.S. hurricane and earthquake cover, and models large-event losses relative to surplus. The company highlights robust risk management, strong capital relative to risk-based capital requirements and an equity-oriented ownership culture supported by an ESOP and long‑term incentives.

RLI Corp. announced that its Board of Directors has declared a first quarter regular cash dividend of $0.16 per share on its common stock, unchanged from the prior quarter. The dividend will be paid on March 16, 2026 to shareholders of record as of March 2, 2026.

The indicated annual dividend is $0.64 per share, which corresponds to a dividend yield of 1.05% based on a closing share price of $60.77. RLI has increased dividends for 50 consecutive years and has delivered underwriting profits for 30 consecutive years, highlighting a long record of consistent performance and shareholder returns.

Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting a significant passive stake in RLI Corp as of 12/31/2025. The firm beneficially owns 7,297,517 RLI ordinary shares, representing 7.9% of the class.

Kayne Anderson Rudnick has sole voting power over 4,611,077 shares and shared voting power over 1,382,318 shares. It has sole dispositive power over 5,915,199 shares and shared dispositive power over 1,382,318 shares. The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of RLI Corp.

RLI Corp director Debbie Sharell Roberts, through a Directors' Trust, reported an indirect acquisition of 425.6044 shares of common stock on 02/02/2026 at $58.74 per share. The shares were allocated under the RLI Corp. Non-Employee Directors Deferred Compensation Plan.

Following this allocation, the Directors' Trust held a total of 26,536.1024 shares of RLI common stock. Reported holdings were adjusted for a 2-for-1 stock split on 01/15/25, and the ownership amount reflects dividend reinvestment.

RLI Corp director Medini Paul Bennett reported an indirect acquisition of common stock through a Directors' Trust on February 2, 2026. The trust received 446.885 shares at $58.74 per share under the RLI Corp. Non-Employee Directors Deferred Compensation Plan, a non-cash allocation coded as "J." Following this transaction, the Directors' Trust held a total of 6,822.424 indirect shares of RLI common stock, reflecting adjustments for a prior 2-for-1 stock split and dividend reinvestment.

RLI Corp director Susan S. Fleming reported a routine share allocation under a deferred compensation plan. On 02/02/2026, 489.445 shares of RLI common stock were allocated at $58.74 per share to a Directors' Trust, increasing the trust's indirect holdings to 20,871.1689 shares. The transaction was coded "J," indicating an acquisition under a compensation or similar arrangement, and reflects adjustments for a prior 2-for-1 stock split and ongoing dividend reinvestment.

RLI Corp reported that officer Seth Anthony Davis, Vice President and Controller, received a grant of stock options on 02/02/2026. The award covers 1,250 stock options with an exercise price of $58.74 per share, each option linked to one share of common stock.

These options become exercisable under a schedule where 20% of the total grant vests one year after the grant date, and an additional 20% vests on each anniversary thereafter. The options are exercisable from 02/02/2027 and expire on 02/02/2034, and are held directly by Davis.

RLI Corp reported that Chief Operating Officer Jennifer L. Klobnak received a stock option grant on 02/02/2026. The option covers 8,125 shares of common stock at an exercise price of $58.74 per share and is held as direct ownership.

The option becomes exercisable in stages. Starting one year from the grant date, 20% of the total shares may be exercised, with an additional 20% vesting each year thereafter in equal increments. The option is listed as exercisable beginning 02/02/2027 and expires on 02/02/2034.

RLI Corp reported that Chief Legal Officer Jeffrey D. Fick received a grant of stock options for 3,750 shares of common stock on February 2, 2026. The options have an exercise price of $58.74 per share and were received at no cost to him.

According to the option schedule, 20% of the 3,750 options become exercisable one year after the grant date, with an additional 20% vesting each year in similar increments until fully vested. The options expire on February 2, 2034 if not exercised. Following this grant, Fick beneficially holds 3,750 derivative securities directly.

RLI Corp's chief executive officer, Craig W. Kliethermes, received a new stock option award. On 02/02/2026, he was granted options to buy 15,000 shares of RLI common stock at an exercise price of $58.74 per share. The options were received at a price of $0 to him.

The options vest over time under a scheduled plan. Beginning one year after the grant date, 20% of the total options become exercisable each year, so the award vests in equal 20% increments over five years. The options are directly owned and are scheduled to expire on 02/03/2034.