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8-K - 8-K - RLI CORP | d30169d8k.htm |
Exhibit 99.1
RLI DECLARES REGULAR DIVIDEND
PEORIA, ILLINOIS, August 21, 2020 RLI Corp. (NYSE: RLI) RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.24 per share, unchanged from the prior quarter. The dividend is payable on September 18, 2020, to shareholders of record as of August 31, 2020.
RLI has increased dividends in each of the last 45 years. The companys dividend yield would be 1.04% based on the $0.96 indicated annual dividend and yesterdays closing stock price of $91.99.
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. RLIs products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLIs subsidiaries are rated A+ Superior by AM Best Company. RLI has paid and increased regular dividends for 45 consecutive years and delivered underwriting profits for 24 consecutive years. To learn more about RLI, visit www.rlicorp.com.
MEDIA CONTACT
Aaron Diefenthaler
Vice President, Chief Investment Officer & Treasurer
309-693-5846
Aaron.Diefenthaler@rlicorp.com
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