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flag Aviva PLC raises its stake in RLI Corp. to 77.89%, acquiring a significant majority share.

flag Aviva PLC has significantly increased its stake in RLI Corp., an insurance holding company, now owning 77.89% of its shares, valued at $581,000. flag RLI Corp., known for property and casualty insurance, recently saw its CEO acquire more shares, boosting insider ownership. flag Despite missing earnings expectations, the company boasts a market cap of $7.00 billion and a price-to-earnings ratio of 20.36.

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