PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that the A+ (Superior) financial strength rating (FSR) has been affirmed by A.M. Best for the following insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).
A.M. Best also affirmed the issuer credit rating (ICR) for each RLI company. The RLI Corp. ICR of “a” was affirmed and the ICRs of “aa” have been affirmed for the following subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and CBIC.
The outlook for all RLI ratings is stable, with the exception of RLI Indemnity Company, whose ratings remain under review due to its pending sale and removal from the RLI Group.
A.M. Best Company, the world’s oldest and most authoritative insurance rating and information source, cited RLI’s ratings “reflect its superior capitalization, sustained long-term operating profitability and excellent business profile as one of the leading specialty property/casualty insurance organizations in the United States.”
RLI (NYSE: RLI) is a specialty insurer serving diverse, niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company. RLI has increased dividends for 40 consecutive years and delivered underwriting profits for 19 consecutive years. To learn more about RLI and its 50-year history of financial strength, visit www.rlicorp.com.
Aaron Jacoby, Vice President, Corporate Development
Source: RLI Corp.