RLI Corp. Declares Special Cash Dividend, Payable on December 20, 2023
November 08, 2023 at 04:10 pm EST
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RLI Corp. announced that 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. Declared dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023.
RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Companyâs segment includes Casualty, Property and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and workerâs compensation for office-based professionals. Its Property segment is comprised primarily of commercial fire, hurricane, earthquake, difference in conditions and marine coverages. Its Surety segment specializes in writing small to medium-sized contract surety coverages, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.