PEORIA, Ill.--(BUSINESS WIRE)--
RLI Corp. (NYSE:RLI) - The ESOP Association, a nationally
recognized leader in ESOP consulting and advocacy based in Washington,
D.C., has recognized RLI with a Silver ESOP Award.
The Silver ESOP Award is given to companies that have offered an
employee stock ownership plan for 25 or more years. RLI is one of only
129 companies recognized this year by the ESOP Association. RLI's ESOP
began in 1975 under the leadership of Jerry Stephens, RLI founder and
current chairman of the board, and was the first ESOP in the Peoria
area. RLI President & CEO Jonathan E. Michael explained, "Jerry was a
pioneer of the ESOP concept - and his vision has become the
cornerstone of our ownership culture. RLI allows every employee to
share in the financial rewards when the company performs well and the
results have been nothing less than astounding. RLI has enjoyed an
underwriting profit in 27 of the last 31 years. We've also paid and
raised dividends for 32 consecutive years." Michael adds, "We don't
believe our financial performance would be possible without the shared
accountability an ESOP produces. Shared accountability, however, is
only part of the equation; RLI's ESOP can also be credited as an
employee recruiting and retention tool for the industry's top talent."
RLI is a specialty insurance company serving "niche" or
underserved markets. RLI is committed to hiring and retaining top
talent, which drives its superior underwriting business model and
creates a unique entrepreneurial culture. RLI's subsidiaries - RLI
Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity
Company - are rated A+ "Superior" by A.M. Best Company and A+ "Strong"
by Standard & Poor's. RLI operates in all 50 states from office
locations across the country.
For additional information, contact Michelle Rak at (309) 692-1000
or at michelle.rak@rlicorp.com or visit the RLI website at
www.rlicorp.com.
Source: RLI Corp.
Contact: RLI Corp.
Michelle Rak, (309) 692-1000
michelle.rak@rlicorp.com
www.rlicorp.com