RLI Corp. Files Definitive Proxy Statement (DEF 14A)

Ticker: RLI · Form: DEF 14A · Filed: Mar 21, 2024 · CIK: 84246

Rli Corp DEF 14A Filing Summary
FieldDetail
CompanyRli Corp (RLI)
Form TypeDEF 14A
Filed DateMar 21, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$2.00, $91 million, $1.4 billion, $1,807, $1,565 million
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, RLI Corp, Corporate Governance, Shareholder Meeting

TL;DR

<b>RLI Corp. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 2, 2024.</b>

AI Summary

RLI CORP (RLI) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. RLI Corp. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024. The filing covers the period ending May 2, 2024. The company's fiscal year ends on December 31. RLI Corp. is incorporated in Delaware. The company's principal business is Fire, Marine & Casualty Insurance.

Why It Matters

For investors and stakeholders tracking RLI CORP, this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies, providing shareholders with information regarding upcoming meetings and voting matters. Shareholders should review this document to understand executive compensation, director nominations, and other corporate governance issues before the annual meeting.

Risk Assessment

Risk Level: low — RLI CORP shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational concerns.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions.

Key Numbers

  • 2024-03-21 — Filing Date (2024-03-21)
  • 2024-05-02 — Reporting Period End Date (2024-05-02)
  • 1231 — Fiscal Year End (1231)
  • 6331 — SIC Code (FIRE, MARINE & CASUALTY INSURANCE [6331])

Key Players & Entities

  • RLI CORP (company) — FILER
  • 0000084246 (company) — CENTRAL INDEX KEY
  • DE (company) — STATE OF INCORPORATION
  • 2024-03-21T00:00:00.000Z (date) — FILED AS OF DATE
  • 2024-05-02 (date) — CONFORMED PERIOD OF REPORT
  • 9025 N. LINDBERGH DRIVE (address) — BUSINESS ADDRESS STREET 1
  • PEORIA (address) — BUSINESS ADDRESS CITY
  • IL (address) — BUSINESS ADDRESS STATE

FAQ

When did RLI CORP file this DEF 14A?

RLI CORP filed this Proxy Statement (DEF 14A) with the SEC on March 21, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RLI CORP (RLI).

Where can I read the original DEF 14A filing from RLI CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RLI CORP.

What are the key takeaways from RLI CORP's DEF 14A?

RLI CORP filed this DEF 14A on March 21, 2024. Key takeaways: RLI Corp. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024.. The filing covers the period ending May 2, 2024.. The company's fiscal year ends on December 31..

Is RLI CORP a risky investment based on this filing?

Based on this DEF 14A, RLI CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational concerns.

What should investors do after reading RLI CORP's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to inform voting decisions. The overall sentiment from this filing is neutral.

How does RLI CORP compare to its industry peers?

RLI Corp. operates in the Fire, Marine & Casualty Insurance industry, a sector characterized by risk management and underwriting.

Are there regulatory concerns for RLI CORP?

As a publicly traded company, RLI Corp. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) to inform shareholders.

Industry Context

RLI Corp. operates in the Fire, Marine & Casualty Insurance industry, a sector characterized by risk management and underwriting.

Regulatory Implications

As a publicly traded company, RLI Corp. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) to inform shareholders.

What Investors Should Do

  1. Review the proxy statement for details on executive compensation and any proposed director elections.
  2. Understand any shareholder proposals and the company's recommendation on how to vote.
  3. Note the reporting period end date of May 2, 2024, for context on the information provided.

Key Dates

  • 2024-03-21: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
  • 2024-05-02: Reporting Period End Date — The period covered by the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No specific comparative data from a previous filing is immediately apparent in this header information.

Filing Stats: 4,478 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-03-21 16:30:46

Key Financial Figures

  • $2.00 — holders through regular dividends and a $2.00 per share special dividend which result
  • $91 million — al dividend which resulted in returning $91 million to shareholders in 2023 and paying more
  • $1.4 billion — areholders in 2023 and paying more than $1.4 billion in dividends over the last 10 years.
  • $1,807 — Gross Premiums Written (in millions) $1,807 Compared to $1,565 million in the pre
  • $1,565 million — ten (in millions) $1,807 Compared to $1,565 million in the previous year Comprehensive Ear
  • $367.4 — Comprehensive Earnings (in millions) $367.4 Compared to $304.5 million in the pre
  • $304.5 million — ngs (in millions) $367.4 Compared to $304.5 million in the previous year Combined Ratio
  • $464.3 — ash Flow from Operations (in millions) $464.3 Compared to $250.4 million in the pre
  • $250.4 million — ons (in millions) $464.3 Compared to $250.4 million in the previous year Regular / Special
  • $1.07 — ecial Dividend Per Share Paid in 2023 $1.07 / $2.00 48 years of paying and increa
  • $30.97 — Book Value per Share at December 31 $30.97 31% increase from year-end 2022, incl
  • $5 million — tment to a renewable future through its $5 million investment in a 1.8-megawatt solar fiel

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 43 2023 Summary Compensation Table 43 2023 Grants of Plan-Based Awards 44 Outstanding Equity Awards at 2023 Fiscal Year-End 46 2023 Option Exercises and Stock Vested 47 2023 Non-Qualified Deferred Compensation 47 Elements of Post-Termination Compensation and Benefits 48 RATIO OF CEO TO MEDIAN EMPLOYEE TOTAL COMPENSATION 49 PAY FOR PERFORMANCE 50 SAFEGUARDS AGAINST UNNECESSARY OR EXCESSIVE COMPENSATION RISK 54 Senior Management Compensation 54 Underwriting Compensation 54 Investment Practices 55 Employee and Executive Equity Ownership 55 EQUITY COMPENSATION PLAN INFORMATION 55 PROPOSAL THREE: RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 56 AUDIT COMMITTEE REPORT 56 Members of the Audit Committee 57 FEES PAID TO THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 58 SHAREHOLDER PROPOSALS 58 OTHER BUSINESS 58 INVESTOR INFORMATION 59 Annual Shareholders Meeting 59 Internet Voting 59 Shareholder Inquiries 59 Requests for Additional Information 59 Multiple Shareholders Having the Same Address 59 Contacting RLI 59 RLI on the Web 59 RLI Corp. 2024 Proxy Statement | 3 Table of Contents PROXY SUMMARY This Proxy Statement Summary ("Summary") highlights information contained in this Proxy Statement, the Annual Report on Form 10-K, or on our website at www.rlicorp.com. This Summary does not contain all the information you should consider, so please read the entire Proxy Statement carefully before voting. For more information regarding our 2023 performance, please review the Annual Report on Form 10-K for the year ended December 31, 2023, a copy of which is available at the Investors section of our website at www.rlicorp.com. MATTERS TO BE VOTED ON: The following is a summary of the proposals to be voted on at the Annual Meeting and the Board's voting recommendations with respect to each proposal: Boar

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.