RLI Declares Regular & Special Dividends
08 Noviembre 2023 - 3:10PM
Business Wire
RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of
Directors has declared a special cash dividend of $2.00 per share
of common stock, which is expected to total approximately $91
million, and a regular quarterly cash dividend of $0.27 per share.
Both dividends are payable on December 20, 2023, to shareholders of
record as of November 30, 2023.
“RLI’s ability to return $91 million to shareholders amid a year
of unprecedented catastrophe activity and while retiring $150
million in senior debt is a testament to the strength of our
business model,” said RLI Corp. President & CEO Craig
Kliethermes. “Our underwriting consistency, diversified product
portfolio and strong capital management have allowed us to help
customers recover from unexpected events, while delivering positive
results and value to our shareholders.”
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. RLI’s products are offered
through its insurance subsidiaries RLI Insurance Company, Mt.
Hawley Insurance Company and Contractors Bonding and Insurance
Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM
Best Company. RLI has paid and increased regular dividends for 48
consecutive years and delivered underwriting profits for 27
consecutive years. To learn more about RLI, visit
www.rlicorp.com.
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Aaron Diefenthaler Chief Investment Officer & Treasurer
309-693-5846 Aaron.Diefenthaler@rlicorp.com
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