In the news release, RLI Second Quarter Sets Earnings Record, issued earlier today by RLI Corp. over PR Newswire, the final set of tables "UNDERWRITING SEGMENT DATA" contained column headings that were incorrectly transmitted by PR Newswire. In the second and fourth groupings of tables, the headings should read: GAAP GAAP Surety Ratios Total Ratios rather than: GAAP GAAP Casualty Ratios Property Ratios Complete, corrected "UNDERWRITING SEGMENT DATA" tables follow: RLI CORP. 2007 FINANCIAL HIGHLIGHTS UNDERWRITING SEGMENT DATA (Unaudited) (Dollars in thousands, except per share amounts) Three Months Ended June 30, GAAP GAAP Casualty Ratios Property Ratios 2007 Gross premiums written $127,250 $66,256 Net premiums written 91,112 48,352 Net premiums earned 87,784 34,486 Net loss & settlement expenses 36,701 41.8% 14,399 41.8% Net operating expenses 25,815 29.4% 11,296 32.8% Underwriting income $25,268 71.2% $8,791 74.6% 2006 Gross premiums written $134,938 $77,203 Net premiums written 95,140 49,688 Net premiums earned 85,815 25,370 Net loss & settlement expenses 54,700 63.7% 16,793 66.2% Net operating expenses 24,480 28.5% 10,351 40.8% Underwriting income (loss) $6,635 92.2% $(1,774) 107.0% Three Months Ended June 30, GAAP GAAP Surety Ratios Total Ratios 2007 Gross premiums written $18,585 $212,091 Net premiums written 17,341 156,805 Net premiums earned 15,218 137,488 Net loss & settlement expenses 472 3.1% 51,572 37.5% Net operating expenses 9,704 63.8% 46,815 34.1% Underwriting income $5,042 66.9% $39,101 71.6% 2006 Gross premiums written $16,549 $228,690 Net premiums written 15,845 160,673 Net premiums earned 14,682 125,867 Net loss & settlement expenses 3,473 23.7% 74,966 59.6% Net operating expenses 9,112 62.1% 43,943 34.9% Underwriting income (loss) $2,097 85.8% $6,958 94.5% Six Months Ended June 30, GAAP GAAP Casualty Ratios Property Ratios 2007 Gross premiums written $238,607 $108,408 Net premiums written 170,806 71,492 Net premiums earned 175,799 69,095 Net loss & settlement expenses 79,483 45.2% 31,949 46.2% Net operating expenses 52,431 29.8% 24,406 35.3% Underwriting income $43,885 75.0% $12,740 81.5% 2006 Gross premiums written $250,094 $120,095 Net premiums written 175,644 74,391 Net premiums earned 173,081 50,992 Net loss & settlement expenses 108,391 62.6% 26,467 51.9% Net operating expenses 49,169 28.4% 21,221 41.6% Underwriting income $15,521 91.0% $3,304 93.5% Six Months Ended June 30, GAAP GAAP Surety Ratios Total Ratios 2007 Gross premiums written $36,392 $383,407 Net premiums written 34,007 276,305 Net premiums earned 30,571 275,465 Net loss & settlement expenses 3,200 10.5% 114,632 41.6% Net operating expenses 19,298 63.1% 96,135 34.9% Underwriting income $8,073 73.6% $64,698 76.5% 2006 Gross premiums written $33,654 $403,843 Net premiums written 31,806 281,841 Net premiums earned 29,181 253,254 Net loss & settlement expenses 6,785 23.3% 141,643 55.9% Net operating expenses 18,353 62.9% 88,743 35.0% Underwriting income $4,043 86.2% $22,868 90.9% DATASOURCE: RLI Corp. Web site: http://www.rlicorp.com/

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