RLI CORP - Director's Dealing 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2004-12-31

Reporting Person: HENSEY CAMILLE J (V.P./Corporate Secretary)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-27	Common Stock	G	170	$40.56	Disposed	14963.311	Direct

Security	Shares	Ownership
Common Stock	14216.2832	Indirect
Common Stock	436.1366	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option	$15.9063	2009-05-06	Common Stock (4600)	4600	Direct
Stock Option	$8.24	2005-05-11	Common Stock (2103)	2103	Direct
Stock Option	$9.15	2006-05-02	Common Stock (1600)	1600	Direct
Stock Option	$13	2007-05-01	Common Stock (2083)	2083	Direct
Stock Option	$15.7813	2010-05-04	Common Stock (5000)	5000	Direct
Stock Option	$20.05	2011-05-03	Common Stock (5000)	5000	Direct
Stock Option	$21.1	2008-05-07	Common Stock (1250)	1250	Direct
Stock Option	$29.335	2012-05-02	Common Stock (5000)	5000	Direct
Stock Option	$29.55	2013-05-01	Common Stock (4000)	4000	Direct
Stock Option	$35.08	2014-05-06	Common Stock (4000)	4000	Direct

F2: Ownership reflects shares allocated to ESOP participant's account and dividend reinvestment.

F4: Options balance adjusted to reflect 2 additional options received pursuant to the 1995 and 1998 stock splits.

F3: Ownership reflects dividend reinvestment.

F1: Ownership reflects dividend reinvestment.