Kayne Anderson Rudnick discloses 7.9% RLI Corp (RLI) stake

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

RLI Corp

(Name of Issuer)

RLI Ord Shs

(Title of Class of Securities)

749607107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 749607107

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,611,077.00
6	Shared Voting Power 1,382,318.00
7	Sole Dispositive Power 5,915,199.00
8	Shared Dispositive Power 1,382,318.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,297,517.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RLI Corp
(b)	Address of issuer's principal executive offices: 9025 North Lindbergh Drive, Peoria, IL, 61615, US
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States
(c)	Citizenship: CALIFORNIA
(d)	Title of class of securities: RLI Ord Shs
(e)	CUSIP No.: 749607107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,297,517
(b)	Percent of class: 7.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,611,077
	(ii) Shared power to vote or to direct the vote: 1,382,318
	(iii) Sole power to dispose or to direct the disposition of: 5,915,199
	(iv) Shared power to dispose or to direct the disposition of: 1,382,318
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	02/13/2026

FAQ

What ownership stake in RLI (RLI) does Kayne Anderson Rudnick report?

Kayne Anderson Rudnick reports beneficial ownership of 7,297,517 RLI shares, representing 7.9% of the outstanding class. This stake is disclosed on an amended Schedule 13G and reflects holdings as of December 31, 2025 under SEC beneficial ownership rules.

Is Kayne Anderson Rudnick’s RLI (RLI) stake intended to influence control?

The filing states the RLI 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, consistent with a passive investment reported on Schedule 13G.

How much voting power does Kayne Anderson Rudnick have in RLI (RLI)?

Kayne Anderson Rudnick has sole voting power over 4,611,077 RLI shares and shared voting power over 1,382,318 shares. These figures indicate how many shares it can vote alone versus jointly on RLI Corp matters as of December 31, 2025.

What dispositive power does Kayne Anderson Rudnick hold over RLI (RLI) shares?

Kayne Anderson Rudnick holds sole dispositive power over 5,915,199 RLI shares and shared dispositive power over 1,382,318 shares. Dispositive power reflects authority to sell or otherwise dispose of these RLI Corp shares under its investment management.

What type of filer is Kayne Anderson Rudnick in this RLI (RLI) Schedule 13G/A?

Kayne Anderson Rudnick is identified as a CALIFORNIA-organized investment adviser filing on Schedule 13G/A. The certification language aligns with a filer reporting holdings as an investment adviser, rather than seeking to change or influence RLI Corp’s control.

Why did Kayne Anderson Rudnick file an amended Schedule 13G/A for RLI (RLI)?

The document is labeled Amendment No. 4 to a Schedule 13G, reflecting an updated report of 7.9% beneficial ownership in RLI Corp as of December 31, 2025. Amendments are filed when ownership information changes or needs to be refreshed.