RLI Corp. Declares First Quarter Regular Cash Dividend, Payable on June 18, 2021
May 06, 2021 at 02:17 pm EDT
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On May 6, 2021, RLI Corp. announced that its Board of Directors approved a quarterly dividend on its common stock of $0.25 per share. The dividend is payable on June 18, 2021 to shareholders of record as of May 28, 2021.
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.