SCHEDULE V-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2011

SCHEDULE V-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE V-VALUATION AND QUALIFYING ACCOUNTS

RLI CORP. AND SUBSIDIARIES

SCHEDULE V--VALUATION AND QUALIFYING ACCOUNTS

Years ended December 31, 2011, 2010 and 2009

	Balance		Amounts			Amounts			Balance
	at beginning		charged			recovered			at end of
(in thousands)	of period		to expense			(written off)			period
2011 Allowance for uncollectible reinsurance	$	26,900	$	—		$	(496	)	$	26,404
2010 Allowance for uncollectible reinsurance	$	29,620	$	(1,865	)	$	(855	)	$	26,900
2009 Allowance for uncollectible reinsurance	$	29,211	$	1,002		$	(593	)	$	29,620

See the accompanying report of independent registered accounting firm on page 50 of this report.