Vanguard Capital Management Establishes 5.22% Passive Stake in RLI Corp

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.22% passive ownership stake in RLI Corp. As of the event date on March 31, 2026, the investment adviser beneficially owns 4,804,363 shares of RLI Corp's common stock. The filing indicates that Vanguard holds sole dispositive power over all 4,804,363 shares, while maintaining sole voting power over 693,420 shares. This position includes holdings managed by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The filing was made under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This filing represents a significant new position for Vanguard in the Peoria, Illinois-based insurance company, as the previous ownership percentage was reported as zero.