PEORIA, Ill.–(BUSINESS WIRE)–RLI Corp. (NYSE: RLI) – RLI Corp. today announced that its Financial Strength Rating (FSR) A+ (Superior) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Entrepreneurs Bonding and Insurance Company (CBIC ).
AM Best has also confirmed the long-term issuer credit ratings (ICRs) for each RLI company. The ICR of RLI Corp. of “a” (Excellent) was confirmed and KPIs of “aa” (Superior) were confirmed for the following subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and CBIC.
AM Best, a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry, said in its press release that the ratings “reflect RLI’s balance sheet strength, qu ‘AM Best rates as the strongest, as well as its strong operational performance’. , a favorable business profile and very good business risk management.
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving the niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to corporate and personal clients nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All RLI subsidiaries are rated A+ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 47 consecutive years and generated underwriting profits for 26 consecutive years. To learn more about RLI, visit www.rlicorp.com.