Attached files
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8-K - 8-K - RLI CORP | a12-4618_18k.htm |
Exhibit 99.1
NEWS RELEASE |
· RLI Corp. |
9025 N. Lindbergh Drive | Peoria, IL 61615-1431 |
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P: 309-692-1000 | F: 309-692-1068 | www.rlicorp.com |
FOR IMMEDIATE RELEASE |
CONTACT: Aaron Jacoby |
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(309) 693-5880 |
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Aaron.Jacoby@rlicorp.com |
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www.rlicorp.com |
RLI declares dividend
PEORIA, ILLINOIS, February 9, 2012, RLI Corp. (NYSE:RLI) The RLI Corp. board of directors has declared a first quarter regular cash dividend of $0.30 per share, the same amount as the prior quarter. The dividend is payable on March 20, 2012 to shareholders of record as of February 29, 2012.
RLI has paid regular dividends for 143 consecutive quarters and increased regular dividends in each of the last 36 years.
The companys regular dividend yield would be 1.66%, based on the $1.20 indicated annual dividend and yesterdays closing stock price of $72.23.
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. RLIs insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company are rated A+ Superior by A.M. Best Company and A+ Strong by Standard & Poors. RLIs newest subsidiary, Contractors Bonding and Insurance Company, is rated A Excellent by A.M. Best Company.
For additional information, contact Aaron Jacoby, Vice President, Corporate Development at (309) 693-5880 or at aaron.jacoby@rlicorp.com or visit our website at www.rlicorp.com.
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