RLI · RLI Corp.

RLI Corp. announced a special cash dividend of $2.00 per share, expected to total approximately $184 million, and a regular quarterly dividend of $0.18 per share, representing a 12.5% increase over the prior quarter. Both dividends are payable on June 12, 2026 to shareholders of record as of May 29, 2026. Additionally, the Board authorized a new share repurchase program of up to $250 million of the company's outstanding common stock, with no expiration date. The company's stock price was cited as a factor in the Board's decision. President & CEO Craig W. Kliethermes stated that these actions reflect the strength of RLI's business and confidence in its long-term strategy, underscoring disciplined capital management while maintaining flexibility for growth investments. RLI has increased its regular dividend for 51 consecutive years. The repurchase program may be executed through open market purchases or privately negotiated transactions, and the company expects to fund repurchases through available cash and operating cash flow. The program does not obligate the company to acquire any specific number of shares and may be suspended or discontinued at any time.