RLI CORP 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ​ RLI Corp. common stock trades on the New York Stock Exchange under the symbol RLI. RLI Corp. has paid dividends for 186 consecutive quarters and increased quarterly dividends in each of the last 47 years. In December 2022 and 2021, RLI Corp. paid special cash dividends of $7.00 and $2.00 per share to shareholders, respectively. As of February 13, 2023, there were 1,024 registered holders of the Company’s common stock. ​ Performance ​ The following graph provides a five-year comparison of RLI Corp.’s total return to shareholders compared to that of the S&P 500 and S&P 500 P&C Index: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2017 2018 2019 2020 2021 2022 RLI ​ -------------- ​ $ 100 $ 117 ​ $ 155 ​ $ 184 ​ $ 203 ​ $ 253 S&P 500 ​ •••••••••••••••• ​ ​ 100 ​ 96 ​ ​ 126 ​ ​ 149 ​ ​ 191 ​ ​ 157 S&P 500 P&C Index ​ — — — ​ ​ 100 ​ 95 ​ ​ 120 ​ ​ 128 ​ ​ 150 ​ ​ 178 ​ Assumes $100 invested on December 31, 2017, in RLI, S&P 500 and S&P 500 P&C Index, with reinvestment of dividends. Comparison of five-year annualized total return — RLI: 20.4%, S&P 500: 9.4% and S&P 500 P&C Index: 12.2%. ​ 26 Table of Contents Securities Authorized for Issuance under Equity Compensation Plans ​ Refer to Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” of this document for information on securities authorized for issuance under our equity compensation plan. ​ Recent Sales of Unregistered Securities; Uses of Proceeds from Registered Securities - Not applicable. ​ Equity Repurchases ​ In 2010, our board of directors implemented a $100 million share repurchase program. We last repurchased shares in 2011. We have $87.5 million of remaining capacity from the repurchase program. The repurchase program may be suspended or discontinued at any time without prior notice. ​ Item 6. [Reserved] – Not applicable. ​ 27 Table of Contents ​