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 Company 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.
A.M. Best Company, the world’s oldest and most authoritative insurance rating and information source, stated that the ratings “reflect RLI’s 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 Corp. (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 and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A+ “Superior” by A.M. Best Company. RLI has increased dividends for 41 consecutive years and delivered underwriting profits for 20 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.