RLI CORP — Director's Dealing 2005

Dec 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2005-12-01

Reporting Person: BAILY JOHN THOMAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-01	Common Stock	J	0.3904	$52.434	Acquired	1989.7934	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	774.912	Direct
Common Stock	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$32.95	2013-08-28	Common Stock (3000)	3000	Direct
Stock Option	$40.39	2014-02-02	Common Stock (1233)	1233	Direct

Footnotes

F2: Ownership reflects dividend reinvestment.

F1: The securities herein were allocated to my account pursuant to the RLI Corp. Directors' Irrevocable Trust Agreement.