RLI Corp. Receives A+ Rating from AM Best
RLI Corp. (NYSE: RLI) proudly announces that AM Best Company has affirmed its prestigious A+ (Superior) financial strength rating for its key insurance subsidiaries, which include RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company.
Positive Changes in Outlook and Ratings
Moreover, AM Best has revised the outlook for these ratings from stable to positive. Each of RLI's subsidiaries has also had their Long-Term Issuer Credit Ratings (ICR) affirmed. RLI Corp. maintains an ICR of 'a' (Excellent), while its subsidiaries have received ICRs rated 'aa' (Superior).
Understanding AM Best's Assessment
AM Best is a respected global credit rating agency, recognized for its expertise in the insurance field. The evaluation indicates that RLI's strong balance sheet, which AM Best categorizes as the strongest, significantly contributes to its high ratings. Furthermore, the agency highlights RLI’s exceptional operating performance, a solid business profile, and robust enterprise risk management practices.
About RLI Corp.
RLI Corp. operates as a specialty insurer focused on niche property, casualty, and surety markets. This organization prides itself on providing unparalleled underwriting expertise and exemplary service to both commercial and individual clients across the country. The company’s diverse offerings are administered through its subsidiaries, all rated A+ “Superior” by AM Best Company.
Commitment to Dividends and Profitability
With a steadfast commitment to financial excellence, RLI has consistently paid and increased regular dividends for an impressive 49 consecutive years. Additionally, the company has achieved underwriting profits for 29 continuous years, showcasing its resilience and effective management in the insurance industry.
Learn More About RLI Corp.
For those interested in discovering more about RLI Corp., further details can be found on its official website.
Frequently Asked Questions
What rating has RLI Corp. received from AM Best?
RLI Corp. has received an A+ (Superior) financial strength rating from AM Best.
What does the revised outlook to positive signify?
The revised outlook indicates AM Best's confidence in RLI's future financial performance and stability.
How long has RLI Corp. consistently paid dividends?
RLI Corp. has paid and increased regular dividends for 49 consecutive years.
What types of markets does RLI Corp. serve?
RLI Corp. specializes in niche property, casualty, and surety markets.
How long has RLI Corp. delivered underwriting profits?
RLI has delivered underwriting profits for 29 consecutive years, demonstrating strong financial management.
