<ARTICLE> 7 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN THE RLI CORP. ANNUAL REPORT TO SHAREHOLDERS FOR THE YEAR ENDED DECEMBER 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <DEBT-HELD-FOR-SALE> 40,663 <DEBT-CARRYING-VALUE> 294,199 <DEBT-MARKET-VALUE> 290,219 <EQUITIES> 284,639 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 691,244 <CASH> 0 <RECOVER-REINSURE> 245,580 <DEFERRED-ACQUISITION> 34,358 <TOTAL-ASSETS> 1,170,363 <POLICY-LOSSES> 520,494 <UNEARNED-PREMIUMS> 167,044 <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 78,397 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,804 <OTHER-SE> 280,265 <TOTAL-LIABILITY-AND-EQUITY> 1,170,363 <PREMIUMS> 195,274 <INVESTMENT-INCOME> 26,015 <INVESTMENT-GAINS> 4,467 <OTHER-INCOME> 0 <BENEFITS> 96,457 <UNDERWRITING-AMORTIZATION> 66,552 <UNDERWRITING-OTHER> 15,130 <INCOME-PRETAX> 43,035 <INCOME-TAX> 11,584 <INCOME-CONTINUING> 31,451 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 31,451 <EPS-BASIC> 3.11 <EPS-DILUTED> 3.08 <RESERVE-OPEN> 247,262 <PROVISION-CURRENT> 101,053 <PROVISION-PRIOR> (4,596) <PAYMENTS-CURRENT> 21,675 <PAYMENTS-PRIOR> 53,892 <RESERVE-CLOSE> 274,914 <CUMULATIVE-DEFICIENCY> (3,165)