RLI maintains A+ (Superior) A.M. Best Rating
2009-06-09 23:03:04 -
RLI Corp. (NYSE: RLI) –RLI’s A+ (Superior) rating has been reaffirmed by A.M. Best. As one of the insurance industry's leading rating agencies, A.M. Best confirmed its rating for all of RLI's insurance subsidiaries -- RLI Insurance Company, Mt. Hawley Insurance Company, and RLI Indemnity Company.
In its release, A.M. Best attributed RLI’s rating to “superior capitalization, outstanding long-term operating profitability and financial flexibility.” Best also cited RLI’s “strict underwriting discipline and rate adequacy” as the driving forces behind its “excellent history.”
RLI is a specialty insurance company serving “niche” or underserved markets. With a diverse portfolio of property and casualty coverages and surety bonds, it has achieved an underwriting profit in 28 of the last 32 years, including the last 13. RLI and subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company – are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. RLI operates in all 50 states from office locations across the country.
For additional information, contact RLI Treasurer John Robison at (309) 693-5846 or at john.robison@rlicorp.com : mailto:john.robison@rlicorp.com or visit our website at www.rlicorp.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
RLI Corp.John Robison(309) 693-5846 John.Robison@rlicorp.com : mailto:John.Robison@rlicorp.com www.rlicorp.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..