Exhibit 99.1
· RLI Corp. |
NEWS RELEASE
9025 N. Lindbergh Drive | Peoria, IL 61615-1431
P: 309-692-1000 | F: 309-692-1068 | www.rlicorp.com
|
FOR IMMEDIATE RELEASE | CONTACT: Aaron Jacoby |
(309) 693-5880 |
Aaron.Jacoby@rlicorp.com |
www.rlicorp.com |
RLI Increases Dividend for 38th Consecutive Year
PEORIA, ILLINOIS, May 2, 2013, RLI Corp. (NYSE:RLI) — The RLI Corp. board of directors has declared a second quarter regular cash dividend of $0.34 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2013, to shareholders of record as of May 31, 2013.
RLI has paid dividends for 148 consecutive quarters and increased dividends in each of the last 38 years.
The company’s dividend yield would be 1.90%, based on the $1.36 indicated annual dividend and yesterday’s closing stock price of $71.55.
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. RLI’s insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company — are rated A+ “Superior” 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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