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<h2>Key Points</h2><ul><li>David B. Duclos acquired 2,500 shares in an open-market transaction for a total of ~$130,000 on May 28, 2026.</li><li>The purchase increased direct holdings by 34.34%, bringing direct ownership to 9,780 shares post-transaction.</li><li>All shares are held directly; there are no reported indirect or derivative holdings following this transaction.</li><li>This transaction is consistent with a pattern of net share accumulation over the past two years, with capacity for further increases based on holdings trajectory.</li><li>10 stocks we like better than RLI ›</li></ul><p>On May 28, 2026, Director David B. Duclos reported an open-market purchase of 2,500 shares of <strong>RLI</strong> <span class="ticker">(NYSE:RLI)</span>, as disclosed in the SEC Form 4 filing.</p><h2 id="transaction-summary">Transaction summary</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Shares traded</td><td>2,500</td></tr><tr><td>Transaction value</td><td>$129,975.00</td></tr><tr><td>Post-transaction shares (direct)</td><td>9,780</td></tr><tr><td>Post-transaction value (direct ownership)</td><td>$504,000</td></tr></tbody></table></section><p><em>Transaction value based on SEC Form 4 reported price ($51.99); post-transaction value based on May 28, 2026, market close.</em></p><h2 id="key-questions">Key questions</h2><ul><li><strong>What proportion of David B. Duclos's direct holdings did this purchase represent?</strong><br/>This acquisition increased his direct ownership by 34.34%, moving from 7,280 to 9,780 shares.</li><li><strong>How does this purchase compare to prior trading activity?</strong><br/>Over the past two years, all reported Form 4 filings for Duclos have reflected either administrative updates or net purchases, with this 2,500-share buy representing the largest single increase within the disclosed period.</li><li><strong>Were any shares acquired or held indirectly or via derivatives in this transaction?</strong><br/>No indirect entities or derivative securities were involved; all 9,780 post-transaction shares are held directly.</li><li><strong>What is the broader context for this transaction in terms of RLI's stock performance?</strong><br/>The purchase occurred following a one-year total return of (25.8%) for RLI as of May 28, 2026, and may reflect an opportunistic buy.</li></ul><h2 id="company-overview">Company overview</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Revenue (TTM)</td><td>$1.90 billion</td></tr><tr><td>Net income (TTM)</td><td>$395.01 million</td></tr><tr><td>1-year price change</td><td>-30.38%</td></tr></tbody></table></section><p>* 1-year price change calculated as of June 5, 2026.</p><h2 id="company-snapshot">Company snapshot</h2><ul><li>Offers a diversified portfolio of property and casualty insurance products, including commercial and personal coverage, general and professional liability, marine, surety bonds, and reinsurance.</li><li>Generates revenue primarily through underwriting insurance premiums.</li><li>Targets commercial businesses, professionals, contractors, transportation entities, and individuals seeking specialty insurance solutions in the United States and internationally.</li></ul><p>RLI is a specialty insurer with a national footprint, focusing on niche property and casualty markets.</p><h2 id="what-this-transaction-means-for-investors">What this transaction means for investors</h2><p>Insiders have many reasons to sell their stock, but they usually don’t buy unless they expect the price to rise. A significant purchase on the open market suggests Duclos expects RLI stock to recover some of the ground it’s been losing. Shares of the specialty insurer have fallen about 42% from the peak they set in 2024.</p><p>Duclos’ recent purchase of more RLI stock could also have been swayed by the company’s recent special dividend. Investors will receive $2 per share on June 12 for shares they were holding on May 29. It will be the second $2 special dividend they’ve received in less than 12 months. </p><p>In addition to the occasional special dividend, RLI distributes a regular, quarterly dividend. The company raised the quarterly payout by 12.5% to $0.18 per share and authorized a new $250 million share repurchase program.</p><p>RLI’s specialty insurance business is highly profitable. In the first quarter, the company reported just $86 dollars in losses and expenses for every $100 it collected in premiums.</p><p></p><h2>Should you buy stock in RLI right now?</h2>
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<p style="color: #767676; text-align: left"><em>*Stock Advisor returns as of June 6, 2026. </em></p><p><em>Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.</em></p>
<p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
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<p>RLI Corp. Director David B. Duclos purchased 2,500 shares for approximately $130,000 on May 28, 2026, increasing his direct holdings by 34.34% to 9,780 shares. This open-market transaction marks the largest single increase in two years and aligns with a pattern of net share accumulation. The purchase follows RLI's recent special dividend announcement and stock underperformance.</p>

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An RLI Corp. Insider Bought 2,500 Shares for $130,000