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. (
NYSERLI) -- 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.
AM Best Revises Outlooks to Positive for RLI Corp. and Its Subsidiaries
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI). In addition, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “a” (Excellent) of RLI’s publicly traded parent holding company, RLI Corp. [NYSE: RLI]. All companies are headquartered in Peoria, IL. (See below for a detailed listing of the companies and ratings.)
RLI Named as One of the Best Places to Work in 2025, a Glassdoor Employees’ Choice Award Winner
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2025. RLI is ranked 9th out of the top 100 large U.S. companies that received the award.
RLI Reports Fourth Quarter and Year-End 2024 Results
RLI Corp. (
NYSERLI) – RLI Corp. reported fourth quarter 2024 net earnings of $40.9 million ($0.44 per share), compared to $114.6 million ($1.24 per share) for the fourth quarter of 2023. Operating earnings(1) for the fourth quarter of 2024 were $38.4 million ($0.41 per share), compared to $71.1 million ($0.77 per share) for the same period in 2023.
RLI Fourth Quarter earnings release & teleconference
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it will release its fourth quarter 2024 earnings after market close on Wednesday, January 22, 2025.
RLI Declares Special Dividend and Two-for-One Stock Split
RLI Corp. (
NYSERLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split.
RLI Reports Third Quarter 2024 Results
RLI Corp. (
NYSERLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023.
RLI Announces Hurricane Beryl and Hurricane Helene Loss Estimates
RLI Corp. (
NYSERLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available.
RLI Third Quarter Earnings Release & Teleconference
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it will release its third quarter 2024 earnings after market close on Monday, October 21, 2024.
RLI Declares Regular Dividend
RLI Corp. (
NYSERLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.29 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2024, to shareholders of record as of August 30, 2024.
RLI Reports Second Quarter 2024 Results
RLI Corp. (
NYSERLI) – RLI Corp. reported second quarter 2024 net earnings of $82.0 million ($1.78 per share), compared to $77.7 million ($1.69 per share) for the second quarter of 2023. Operating earnings(1) for the second quarter of 2024 were $79.3 million ($1.72 per share), compared to $53.3 million ($1.16 per share) for the same period in 2023.
RLI Named to Ward’s 50® Top Performing Insurance Companies List for 34th Consecutive Year
RLI Corp. (
NYSERLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 34th consecutive year. RLI is the only company that has been named to the list every year since its inception in 1991.
RLI Second Quarter earnings release & teleconference
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it will release its second quarter 2024 earnings after market close on Monday, July 22, 2024.
RLI Names Deb Millum as Vice President, Claim
RLI Corp. (
NYSERLI) -- RLI Corp. announced today the promotion of Deb Millum to Vice President, Claim. In her new role, Millum will assume executive leadership and oversight responsibility for RLI’s Transportation, Non-Transportation Auto and Personal Umbrella product claims.
RLI Increases Regular Dividend for 49th Consecutive Year
RLI Corp. (
NYSERLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024.
RLI Reports First Quarter 2024 Results
RLI Corp. (
NYSERLI) – RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023. Operating earnings(1) for the first quarter of 2024 were $87.4 million ($1.89 per share), compared to $75.0 million ($1.63 per share) for the same period in 2023.
RLI First Quarter Earnings Release & Teleconference
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024.
RLI Names Kerrick Porter as Vice President, Executive Products Group
RLI Corp. (
NYSERLI) announced the promotion of Kerrick Porter to Vice President, RLI Executive Products Group, effective May 17, 2024. In his new role, Porter will assume executive leadership and oversight responsibility of the group, which offers comprehensive professional liability coverages for the executive suite. He replaces Chad Berberich, who will be retiring on May 17 after 21 years of dedicated service to RLI.
RLI Declares Regular Dividend
RLI Corp. (
NYSERLI) – RLI Corp. announced today its Board of Directors has declared a first quarter regular cash dividend of $0.27 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2024, to shareholders of record as of February 29, 2024.
RLI Reports Fourth Quarter and Year-End 2023 Results
RLI Corp. (
NYSERLI) – RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million ($2.49 per share), compared to $97.8 million ($2.13 per share) for the fourth quarter of 2022. Operating earnings(2)(3) for the fourth quarter of 2023 were $71.1 million ($1.54 per share), compared to $70.5 million ($1.53 per share) for the same period in 2022.
AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI). In addition, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of RLI’s publicly traded parent holding company, RLI Corp. [NYSE: RLI]. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in Peoria, IL. (See below for a detailed listing of the companies and ratings.)
AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
RLI Corp. (
NYSERLI) -- 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).
RLI Named as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner
RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024. RLI is ranked 27th out of the top 100 large U.S. companies that received the award and is the only insurance company to be recognized.
RLI Fourth Quarter Earnings Release & Teleconference
RLI Corp. (
NYSERLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.
RLI Announces Retirement of Jonathan Michael as Chairman of the Board; David Duclos to Serve as Independent Chairman Upon Michael’s Retirement
RLI Corp. (
NYSERLI) – RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company’s established succession plan.
