8-K
Rli Corp (RLI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 6, 2021
RLI Corp.
(Exact name of registrant as specified in its charter)
| Delaware | 001-09463 | 37-0889946 |
|---|---|---|
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
| 9025 North Lindbergh Drive, Peoria, IL | 61615 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (309) 692-1000
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | Trading Symbol | Name of each exchange on which registered |
|---|---|---|
| Common Stock $0.01 par value | RLI | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On October 6, 2021, RLI Corp. issued a press release reporting its estimated pretax catastrophe losses attributable to Hurricane Ida and other catastrophes that occurred during the quarter. Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by RLI Corp.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated October 6, 2021.<br><br><br>This Exhibit is furnished pursuant to Item 8.01 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RLI CORP. | ||
|---|---|---|
| Date: October 6, 2021 | By: | /s/ Jeffrey D. Fick |
| Jeffrey D. Fick | ||
| Sr. Vice President, Chief Legal Officer and Corporate Secretary |
rli-ex991_6.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
RLI ANNOUNCES THIRD QUARTER EARNINGS RELEASE & TELECONFERENCE; ESTIMATES THIRD QUARTER CATASTROPHE LOSSES
PEORIA, ILLINOIS, October 6, 2021 -- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its third quarter 2021 earnings after market close on Wednesday, October 20, 2021.
The company will hold its quarterly conference call to discuss third quarter results on Thursday, October 21, 2021 at 10 a.m. CDT. This call is being webcast by Intrado and can be accessed at https://edge.media-server.com/mmc/p/fyykgewf.
RLI also announced today an estimated range of pretax catastrophe losses of $30 million to $35 million, net of reinsurance, in the third quarter of 2021. These estimates include losses from Hurricane Ida and other catastrophes that occurred during the quarter.
RLI’s loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates. Updated loss estimates related to recent catastrophes will be reflected in RLI’s third quarter 2021 results.
Except for historical information, this news release may include forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) including, without limitation, statements reflecting our current expectations about the future performance of our company or our business segments or about future market conditions. These statements are subject to certain risk factors that could cause actual results to differ materially. Various risk factors that could affect future results are listed in the company's filings with the Securities and Exchange Commission, including the Form 10-K Annual Report for the year ended December 31, 2020.
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 46 consecutive years and delivered underwriting profits for 25 consecutive years. To learn more about RLI, visit www.rlicorp.com.
MEDIA CONTACT Aaron Diefenthaler Vice President, Chief Investment Officer & Treasurer 309-693-5846 Aaron.Diefenthaler@rlicorp.com