AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.

Rhea-AI Summary

RLI Corp. (NYSE: RLI) has had its A+ (Superior) financial strength rating reaffirmed by AM Best for its subsidiaries, including RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. The Long-Term Issuer Credit Ratings were also affirmed, reflecting RLI's strong balance sheet and operational performance. AM Best highlighted the company's robust risk management as a key strength. RLI has consistently paid dividends for 47 years and has delivered underwriting profits for 26 consecutive years.

Positive

• A+ (Superior) financial strength rating reaffirmed by AM Best for RLI's subsidiaries.
• Long-Term Issuer Credit Ratings of 'a' (Excellent) for RLI Corp. affirmed.
• Strong balance sheet strength and operating performance noted by AM Best.
• 47 consecutive years of dividend payments and 26 years of underwriting profits.

Negative

• 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” (Excellent) was affirmed and the ICRs of “aa” (Superior) 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 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 47 consecutive years and delivered underwriting profits for 26 consecutive years. To learn more about RLI, visit www.rlicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221214005791/en/

Aaron Diefenthaler

Chief Investment Officer & Treasurer

309-693-5846

Aaron.Diefenthaler@rlicorp.com

Source: RLI Corp.

FAQ

What was the recent rating announcement for RLI Corp.?

RLI Corp. had its A+ (Superior) financial strength rating reaffirmed by AM Best.

Which subsidiaries of RLI Corp. received ratings from AM Best?

The subsidiaries are RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company.

How long has RLI Corp. been paying dividends?

RLI Corp. has paid dividends for 47 consecutive years.

What is RLI Corp.'s Long-Term Issuer Credit Rating?

RLI Corp. has an 'a' (Excellent) Long-Term Issuer Credit Rating affirmed by AM Best.

What does AM Best say about RLI Corp.'s financial strength?

AM Best states that RLI has the strongest balance sheet strength and strong operating performance.