Nepsis Increases Stake in RLI to $18.5 Million

Nepsis Inc. has disclosed a purchase of 89,969 additional RLI shares, valued at $5.65 million. This brings the quarter-end value of the RLI position to $18.50 million, representing 5.72% of AUM. RLI is a specialty insurer offering property and casualty coverage solutions across multiple sectors. Despite institutional support, RLI's stock has declined 19% over the last 12 months, significantly below the S&P 500. The company operates in the commercial property insurance market with growing competition and shrinking profitability, and is exposed to risks from low-frequency but high-impact events and fluctuations in interest rates.