AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
RLI Corp. (NYSE: RLI) announced that AM Best has affirmed its A+ (Superior) financial strength rating for its subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. Additionally, RLI's Long-Term Issuer Credit Rating (ICR) of 'a' was maintained, while its subsidiaries received ICRs of 'aa'. The ratings reflect RLI's strongest balance sheet strength, robust operating performance, favorable business profile, and strong enterprise risk management. Furthermore, RLI has consistently paid and increased dividends for 45 years.
- AM Best affirmed RLI's A+ (Superior) financial strength rating for all subsidiaries.
- RLI maintains a Long-Term Issuer Credit Rating of 'a' and 'aa' for subsidiaries.
- The ratings are based on RLI's strongest balance sheet and strong operating performance.
- RLI has increased regular dividends for 45 consecutive years and has delivered underwriting profits for 24 years.
- None.
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).
AM Best also affirmed the Long-Term Issuer Credit Ratings (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.
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 categorizes 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 45 consecutive years and delivered underwriting profits for 24 consecutive years. To learn more about RLI, visit www.rlicorp.com.
