AM Best Affirms A+ (Superior) Rating and Revises Outlook to Positive for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
RLI Corp. (NYSE: RLI) received significant recognition from AM Best Company, which affirmed its A+ (Superior) financial strength rating for its insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. Notably, AM Best revised the outlook to positive from stable and affirmed the Long-Term Issuer Credit Ratings for all RLI entities.
The global credit rating agency highlighted RLI's exceptional performance across key metrics, specifically noting its strongest balance sheet strength, strong operating performance, favorable business profile, and very strong enterprise risk management.
RLI Corp. (NYSE: RLI) ha ricevuto un importante riconoscimento dalla AM Best Company, che ha confermato il suo rating di A+ (Superiore) per la forza finanziaria delle sue filiali assicurative: RLI Insurance Company, Mt. Hawley Insurance Company e Contractors Bonding and Insurance Company. In particolare, AM Best ha cambiato l'outlook da stabile a positivo e ha confermato i Rating di Credito per gli Emittenti a Lungo Termine per tutte le entità RLI.
L'agenzia di rating globale ha evidenziato l'eccezionale performance di RLI in vari indicatori chiave, notando in particolare la sua forza del bilancio più elevata, eccellente performance operativa, profilo aziendale favorevole, e gestione del rischio d'impresa molto forte.
RLI Corp. (NYSE: RLI) recibió un reconocimiento significativo de AM Best Company, que afirmó su calificación de A+ (Superior) en fortaleza financiera para sus filiales de seguros: RLI Insurance Company, Mt. Hawley Insurance Company y Contractors Bonding and Insurance Company. Cabe destacar que AM Best revisó la perspectiva de estable a positiva y afirmó las calificaciones de crédito de emisor a largo plazo para todas las entidades de RLI.
La agencia de calificación crediticia global destacó el desempeño excepcional de RLI en métricas clave, señalando específicamente su fuerza de balance más fuerte, fuerte rendimiento operativo, perfil empresarial favorable, y muy fuerte gestión de riesgos empresariales.
RLI Corp. (NYSE: RLI)는 AM Best Company로부터 중요한 인정을 받았으며, 이는 보험 자회사인 RLI Insurance Company, Mt. Hawley Insurance Company, Contractors Bonding and Insurance Company에 대한 A+ (우수) 재무 건전성 등급을 확인했습니다. 특히, AM Best는 전망을 안정에서 긍정적으로 변경하고 모든 RLI 엔티티의 장기 발행자 신용 등급을 유지했습니다.
글로벌 신용 평가 기관은 RLI의 주요 지표에서 뛰어난 성과를 강조하며, 특히 가장 강력한 대차대조표 강도, 강력한 운영 성과, 유리한 비즈니스 프로필, 매우 강한 기업 리스크 관리를 주목했습니다.
RLI Corp. (NYSE: RLI) a reçu une importante reconnaissance de la part de AM Best Company, qui a affirmé sa notation de A+ (Supérieur) pour la solidité financière de ses filiales d'assurance : RLI Insurance Company, Mt. Hawley Insurance Company et Contractors Bonding and Insurance Company. Notamment, AM Best a révisé la perspective de stable à positive et a confirmé les notations de crédit à long terme pour toutes les entités RLI.
L'agence de notation mondiale a mis en avant la performance exceptionnelle de RLI selon des indicateurs clés, notant spécifiquement sa solidité de bilan la plus forte, forte performance opérationnelle, profil d'entreprise favorable, et très forte gestion des risques d'entreprise.
RLI Corp. (NYSE: RLI) erhielt eine bedeutende Anerkennung von der AM Best Company, die ihre A+ (Hervorragend) finanzielle Einstufung für ihre Versicherungsunternehmen bestätigte: RLI Insurance Company, Mt. Hawley Insurance Company und Contractors Bonding and Insurance Company. Bemerkenswerterweise hat AM Best den Ausblick von stabil auf positiv geändert und die Ratings für die langfristige Emittenten-Einstufung aller RLI-Einheiten bestätigt.
Die globale Rating-Agentur hob die außergewöhnliche Leistung von RLI in wichtigen Kennzahlen hervor und stellte dabei insbesondere die stärkste Bilanzstärke, starke operative Leistung, vorteilhafte Unternehmensprofil und sehr starke Unternehmensrisikomanagement fest.
- A+ (Superior) financial strength rating affirmed by AM Best
- Outlook upgraded from stable to positive
- Balance sheet strength assessed as 'strongest' by AM Best
- Strong operating performance and favorable business profile noted
- Very strong enterprise risk management recognized
- None.
Insights
AM Best's decision to revise RLI Corp.'s outlook to positive while maintaining its prestigious A+ (Superior) rating represents a significant vote of confidence in the company's financial strength and operational excellence. The affirmation of aa ICRs for its key subsidiaries places them in an elite group within the insurance industry, as these ratings are notably difficult to achieve and maintain.
This rating action carries several important implications: First, the positive outlook suggests AM Best sees potential for further improvements in RLI's already strong position, possibly leading to even higher ratings in the next 12-36 months. Second, the assessment of RLI's balance sheet as 'strongest' indicates exceptional capital adequacy and financial flexibility, which is particularly valuable in the current market environment where many insurers face pressures from inflation and rising loss costs.
The 'very strong' enterprise risk management evaluation is especially noteworthy in today's volatile market conditions. This rating component suggests RLI has sophisticated risk monitoring and mitigation strategies, which help protect against unexpected losses and maintain stable underwriting performance across market cycles.
From a competitive standpoint, these strong ratings provide RLI with significant advantages:
- Enhanced ability to win and retain premium commercial accounts where financial strength ratings are important decision factors
- Lower cost of capital and better access to reinsurance markets
- Stronger position in bidding for government contracts and other business segments where high ratings are prerequisites
The combination of the superior rating and positive outlook positions RLI favorably for continued profitable growth, particularly in specialty insurance lines where financial strength and stability are paramount considerations for clients and brokers.
AM Best also revised the outlook to positive from stable and affirmed the Long-Term Issuer Credit Ratings (ICR) for each RLI company. The RLI Corp. ICR of “a” (Excellent) was affirmed and the ICRs of “aa” (Superior) have been affirmed for the following subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.
AM Best, a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry, stated in its press release that the ratings “reflect RLI’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.”
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving 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 AM Best Company. RLI has paid and increased regular dividends for 49 consecutive years and delivered underwriting profits for 29 consecutive years. To learn more about RLI, visit www.rlicorp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130480128/en/
MEDIA CONTACT
Aaron Diefenthaler
Chief Investment Officer & Treasurer
309-693-5846
Aaron.Diefenthaler@rlicorp.com
Source: RLI Corp.
FAQ
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