secwatch / observer

RLI CORP — fact timeline

Source-grounded facts extracted from RLI CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

RLI RLI CORP JSON
Shareholder Votes

RLI CORP shareholders approved Ratify Deloitte & Touche LLP as independent registered public accounting firm for 2026 at the 2026-05-14 meeting.

“The proposal to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026 was approved based upon the following votes:”
Shareholder Votes

RLI CORP shareholders approved Advisory vote on compensation of named executive officers at the 2026-05-14 meeting.

“The proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers, as described in the proxy materials, was approved based upon the following votes:”
Shareholder Votes

RLI CORP shareholders approved Election of Directors at the 2026-05-14 meeting.

“The nominees for election to the Board of Directors were elected at the Annual Meeting, each to hold office for a one-year term expiring at the next annual meeting, based upon the following votes:”
Earnings Releases

RLI CORP reported first quarter 2026 results: net income $54.9 million, EPS $0.60 per share.

“RLI Corp. reported first quarter 2026 net earnings of $54.9 million ($0.60 per share), compared to $63.2 million ($0.68 per share) for the first quarter of 2025.”
Debt Financings

RLI CORP amended credit facility of $150 million with PNC Bank, National Association maturing February 26, 2031.

“the Company’s existing credit agreement, dated as of March 30, 2023, to, among other things, extend the maturity date to February 26, 2031, increase the aggregate commitment to $150 million, increase the size of the accordion feature to $50 million and amend the interest rates and certain fees. The foregoing description of the A&R Credit Agreement is qualified in”
Debt Financings

RLI CORP incurred senior notes of $300 million with Computershare Trust Company, National Association at 5.375% maturing due 2036.

“On March 3, 2026, RLI Corp. (the “Company”) completed the public offering of $300 million in aggregate principal amount of its 5.375% Senior Notes due 2036 (the “Notes”).”
Material Agreements

RLI CORP entered into Amended and Restated Credit Agreement with PNC Bank, National Association valued at $150 million aggregate commitment, increased from prior (effective 2026-02-26).

“On February 26, 2026, the Company entered into an amended and restated credit agreement (the “A&R Credit Agreement”) between the Company and PNC Bank, National Association.”
Material Agreements

RLI CORP entered into 5.375% Senior Notes due 2036 Indenture with Computershare Trust Company, National Association valued at $300 million aggregate principal amount (effective 2026-03-03).

“On March 3, 2026, RLI Corp. (the “Company”) completed the public offering of $300 million in aggregate principal amount of its 5.375% Senior Notes due 2036 (the “Notes”). The Notes were issued pursuant to an indenture entered into on March 3, 2026 (the “Base Indenture”), as supplemented by a first supplemental indenture entered into on March 3, 2026 (the “First Supplemental Indenture”), in each case, between the Company and Computershare Trust Company, National Association, as trustee.”
Governance Changes

RLI CORP: Certificate of Amendment to effect a 2-for-1 forward stock split and increase authorized common shares from 200,000,000 to 400,000,000 (effective 2025-01-15).

“The Certificate of Amendment, which the Company filed on November 20, 2024, will become effective at 5:00 p.m., Eastern Time, on January 15, 2025”
Governance Changes

RLI CORP: Amended and restated bylaws effective immediately, with changes to stockholder meeting procedures, director nominations, universal proxy rules, director removal, and other governance provisions (effective 2024-11-07).

“On November 7, 2024, in connection with a periodic review of the bylaws of RLI Corp. (the “ Company ”), the Company’s board of directors (the “ Board ”) adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “ Amended and Restated Bylaws ”), effective immediately.”
Shareholder Votes

RLI CORP shareholders approved Proposal to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 at the 2024-05-02 meeting.

“The proposal to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 was approved based upon the following votes:”
Shareholder Votes

RLI CORP shareholders approved Proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers at the 2024-05-02 meeting.

“The proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers, as described in the proxy materials, was approved based upon the following votes:”
Shareholder Votes

RLI CORP shareholders approved Election of Directors at the 2024-05-02 meeting.

“The nominees for election to the Board of Directors were elected at the Annual Meeting, each to hold office for a one-year term expiring at the next annual meeting, based upon the following votes:”
Earnings Releases

RLI CORP reported first quarter of 2024 results: net income $127.9 million ($2.77 per share), EPS $2.77.

“RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023.”
Earnings Releases

RLI CORP reported fourth quarter and year ended December 31, 2023 results: net income $114.6 million ($2.49 per share), EPS $2.49 per share.

“RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million ($2.49 per share), compared to $97.8 million ($2.13 per share) for the fourth quarter of 2022.”

Clark C. Kellogg was appointed as Director at RLI CORP.

“On November 8, 2023, the RLI Corp. (“RLI”) Board of Directors (“Board”) appointed Clark C. Kellogg as member of the Board, effective January 1, 2024.”
Earnings Releases

RLI CORP reported third quarter of 2023 results: net income $13.5 million ($0.29 per share), EPS $0.29.

“RLI Corp. announced its results of operations for the third quarter of 2023.”
Earnings Releases

RLI CORP reported second quarter of 2023 results: net income $77.7 million, EPS $1.69 per share.

“RLI Corp. reported second quarter 2023 net earnings of $77.7 million ($1.69 per share), compared to a net loss of $2.2 million ($0.05 per share) for the second quarter of 2022.”
Debt Financings

RLI CORP incurred revolving credit of $100 million with PNC Bank, National Association, as Lender at Adjusted Term SOFR rate for the applicable interest period plus the applicable m maturing May 29, 2026.

“The Credit Agreement provides for an unsecured $100 million revolving credit facility, with a termination date of May 29, 2026.”
Material Agreements

RLI CORP entered into Credit Agreement with PNC Bank, National Association valued at $100 million (effective 2023-03-30).

“RLI Corp. (the “Company) in the ordinary course of business replaced its previous credit agreement, which had expired on its terms, by entering into a credit agreement with PNC Bank, National Association, as Lender (the “Credit Agreement”).”
Earnings Releases

RLI CORP reported the year ended December 31, 2022 results: EPS $12.74 per share.

“Net earnings ​ $ 2.13 ​ $ 2.08 ​ $ 12.74 ​ $ 6.11”
Earnings Releases

RLI CORP reported the fourth quarter ended December 31, 2022 results: net income $97.8 million, EPS $2.13 per share.

“RLI Corp. reported fourth quarter 2022 net earnings of $97.8 million ($2.13 per share), compared to $95.3 million ($2.08 per share) for the fourth quarter of 2021.”

Paul B. Medini was appointed as Director at RLI CORP.

“On October 28, 2022, the RLI Corp. (“RLI”) Board of Directors (“Board”) appointed Paul B. Medini as member of the Board, effective November 1, 2022.”

John T. Baily departed as Director at RLI CORP.

“On August 17, 2022, John T. Baily informed RLI Corp. (“RLI”) that he will retire from the Board of Directors of RLI upon conclusion of his term and will not stand for re-election at the 2023 annual meeting of shareholders on May 4, 2023.”

Jennifer L. Klobnak was appointed as Chief Operating Officer at RLI CORP.

“On November 10, 2021, the Board appointed Jennifer L. Klobnak as Chief Operating Officer of the Company effective January 1, 2022.”

Craig W. Kliethermes was appointed as President and Chief Executive Officer at RLI CORP.

“On November 10, 2021, the Board appointed Craig W. Kliethermes as President and Chief Executive Officer of the Company effective January 1, 2022.”

Jonathan E. Michael resigned as Chief Executive Officer at RLI CORP.

“On November 10, 2021, Jonathan E. Michael, Chairman of the Board of Directors and Chief Executive Officer, announced his resignation as Chief Executive Officer of RLI Corp. (the “Company”) effective December 31, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.