8-K

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): August 23, 2007

RLI Corp.

(Exact name of registrant as specified in its charter)

Illinois	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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01  Other Events.

On August 23, 2007, RLI Corp. announced that its Board of Directors approved a quarterly dividend on its common stock of $0.22 per share.  The dividend is payable on October 15, 2007 to shareholders of record on September 28, 2007.  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 August 23, 2007.
	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.

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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:  August 24, 2007	By:	/s/ Daniel O. Kennedy
	Daniel O. Kennedy
	Vice President and General Counsel

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EXHIBIT INDEX

Exhibit No.	Exhibit
99.1	Press Release dated August 23, 2007
	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.

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EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	CONTACT: John Robison
	(309) 693-5846
	John_Robison@rlicorp.com
	www.rlicorp.com

RLI declares 125th consecutive dividend

PEORIA, ILLINOIS, August 23, 2007, RLI Corp. (NYSE:RLI) — RLI’s board of directors has declared a third quarter cash dividend of $0.22 per share, the same as the previous quarter.  The dividend, which is payable on  October 15, 2007 to shareholders of record as of September 28, 2007, will take RLI’s cumulative return to shareholders to more than $149 million over 125 consecutive quarterly dividends. RLI has paid and increased dividends in each of the last 32 years.

The company’s dividend yield would be 1.5%, based on the $0.88 indicated annual dividend and yesterday’s closing stock price of $60.48.

Over the last five years, the company’s quarterly dividend has grown by an average of 19.6% per year, and 13.9% per year over the last decade. The company has increased dividends for 32 straight years.

RLI is a specialty insurance company serving “niche” or underserved markets. With a diverse portfolio of property and casualty coverages and surety bonds, they have achieved an underwriting profit in 26 of the last 30 years, including the last 11. RLI and subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company — are rated A+ “Superior” by A.M. Best Company and A+ “Strong” by Standard & Poor’s. RLI operates in all 50 states from 25 office locations.

For additional information, contact Treasurer John Robison at (309) 693-5846 or at john_robison@rlicorp.com or visit our website at www.rlicorp.com.

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