Timeline

2009

• Named to Ward’s 50, a list of industry’s top-performing companies, for 19th consecutive year

2008

• Launched architects and engineers (A&E) professional liability division
• Opened fidelity division

2007

• Opened reinsurance division

2006

• Began 31st consecutive year of dividend payments

2005

• Celebrated 40th anniversary
• Surpassed $100 million in dividends paid
• Opened marine division
• Received upgraded Moody’s senior debt rating of Baa2 and financial strength rating of A2

2004

• Received upgraded A.M. Best rating to A+
• Attained market cap of $1 billion

2003

• Sold $100 million in public offering of 5.95% senior notes due 2014
• Planet Indemnity Company renamed as RLI Indemnity Company

2002

• Announced equity offering, raised $125.2 million through the sale of 5.2 million shares of stock
• Michael Stone names as insurance subsidiaries’ president and COO

2001

• Named Jonathan Michael as RLI Corp. president and CEO
• Watched the World Trade Center tragedy destroy RLI office; all associates survive
• Completed stock repurchases of more than $78 million since 1996
• Increased dividend for 25th straight year

2000

• Named to S&P Small Cap 600 Index
• Earned finalist honors for national Better Business Bureau award for ethics

1999

• Acquired private holding company, parent of Underwriters Indemnity Company, offering surety bonds for oil, gas and energy industries
• Received upgraded S&P rating to A+

1998

• Inaugurated first e-commerce ventures

1997

• Converted $46 million of outstanding convertible debentures to RLI stock
• Elected Jonathan Michael to board of directors
• Opened transportation insurance division
• Received S&P rating of A

1996

• Pioneered $50 million alternative catastropphe financing program
• Increased dividend for 20th straight year
• Merged RLI Vision Corp. with Hester Enterprises, maker of Maui Jim Sunglasses

1995

• Named by Crain’s Chicago Business to Illinois’ Fastest Growing Companies list
• RLI Professional Technologies acquired Target Industries; renamed RLI Vision Corp.
• Launched website www.rlicorp.com

1994

• Incurred Northridge Earthquake; after-tax losses totaled $44 million
• Retired founding product, contact lens insurance

1993

• Received upgraded A.M. Best rating for Mt. Hawley Ins. Co. to A (Excellent)
• Issued public offering of $46 million in convertible debentures

1992

• Established surety division
• Reported losses of $11 million from Hurricane Andrew and Iniki, Los Angeles riots and two California earthquakes
• Received upgraded A.M. Best rating for RLI Insurance Company to A (Excellent)

1991

• First named to Wards’ 50

1990

• Stock was top performer of all property and casualty stocks on NYSE

1989

• Received upgraded A.M. Best rating for RLI Insurance Company to A- (Excellent)

1987

• RLI Common stock moved to NYSE
• Opened commercial casualty division

1986

• Formed public holding company, American Capacity Group, Inc., parent of surplus lines company

1985

• Issued $13.6 million of common stock at $1.95 per share (split-adjusted)

1984

• Opened first branch office in Los Angeles to write DIC and property

1979

• Formed Mt. Hawley Insurance Company, an excess and surplus lines carrier

1977

• Began underwriting specialty commercial property and casualty coverages

1976

• Paid first dividend to shareholders

1975

• Became Peoria’s first Employee Stock Ownership Company

1973

• Renamed United Founders to RLI Insurance Company

1971

• RLI common stock first traded on NASDAQ
• Issued @2.25 million in common stock at $0.58 per share (split-adjusted)

1969

• Private holding company renamed RLI Corp.
• First public issuance: 110,000 shares of common stock at $0.26 per share (split-adjusted)

1965

• Private holding company formed and acquired United Founders Ins. Co. (formerly Main Mutual)
• Sold $300,000 in stock to eye doctor clients

1961

• Founded a contact lens insurance agency, Replacement Lens Inc.

1959

• Main Mutual Insurance Company founded under different management