Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
STONE MICHAEL J
 2. Issuer Name and Ticker or Trading Symbol
RLI CORP [RLI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

18808 GANTON AVENUE		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2017
(Street)


BRADENTON, FL 34202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             290,702.1688 D (1)  
Common Stock             41,515.797 I (1) By Trust
Common Stock             880 I By Wife, Custodian UTMA-FL
Common Stock             22,242.55 I (1) M.J. Stone Grantor Retained Annuity Trust (M6) dtd. 10/31/11
Common Stock             7,819 I M.J. Stone Grantor Retained Annuity Trust (M9) dtd. 01/30/13

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 28.24 (2) (3) (4) (5)           02/01/2014(6) 12/31/2018 Common Stock
16,000
  16,000
D
 
Stock Option $ 29.42 (2) (3) (4) (5)           05/02/2014(6) 12/31/2018 Common Stock
16,000
  16,000
D
 
Stock Option $ 35.27 (2) (3) (4) (5)           08/01/2014(6) 12/31/2018 Common Stock
16,000
  16,000
D
 
Stock Option $ 40.55 (2) (3) (4) (5)           11/01/2014(6) 12/31/2018 Common Stock
16,000
  16,000
D
 
Stock Option $ 35.43 (2) (3)           02/01/2015(6) 12/31/2018 Common Stock
16,000
  16,000
D
 
Stock Option $ 38.21 (2) (3)           05/01/2015(6) 12/31/2018 Common Stock
10,500
  10,500
D
 
Stock Option $ 38.15 (2) (3)           08/01/2015(6) 12/31/2018 Common Stock
10,500
  10,500
D
 
Stock Option $ 44.26 (2) (3)           11/03/2015(6) 12/31/2018 Common Stock
10,500
  10,500
D
 
Stock Option $ 46.82 (2)           02/02/2016(6) 12/31/2018 Common Stock
10,500
  10,500
D
 
Stock Option $ 47.61 (2)           05/07/2016(6) 12/31/2018 Common Stock
10,000
  10,000
D
 
Stock Option $ 54.14 (2)           08/03/2016(6) 12/31/2018 Common Stock
10,000
  10,000
D
 
Stock Option $ 59.04 (2)           11/02/2016(6) 12/31/2018 Common Stock
10,000
  10,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STONE MICHAEL J
18808 GANTON AVENUE
BRADENTON, FL 34202		   X      

Signatures

/s/ Michael J. Stone 01/25/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Ownership reflects dividend reinvestment
(2) Stock option grant price adjusted to reflect $2.00 extraordinary dividend declared 11-12-15.
(3) Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/13/14.
(4) Stock option grant price adjusted to reflect $3.00 extraordinary dividend declared 11/14/13.
(5) Stock option grant price and number of stock options adjusted to reflect 2-for-1 stock split on 01/15/14.
(6) Pursuant to option schedule wherein 20% of the aggregate number of shares granted may be exercised commencing one year from grant date and each year thereafter in 20% increments.

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