RLI Corp.

RLI First Quarter Earnings Release & Teleconference

Retrieved on: 
Monday, April 8, 2024
Insurance, Professional Services, CDT, RLI Corp., RLI, Q4

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024.
  • The company will hold its quarterly conference call to discuss first quarter results on Tuesday, April 23, 2024 at 10 a.m. CDT.
  • This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/397005913 .

RLI Names Kerrick Porter as Vice President, Executive Products Group

Retrieved on: 
Thursday, February 29, 2024
Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Insurance, Registered, Assistant, Rawls College of Business, RLI, MBA, University, Texas Tech University, Business, RLI Corp., Central Zone, Management

RLI Corp. (NYSE: RLI) announced the promotion of Kerrick Porter to Vice President, RLI Executive Products Group, effective May 17, 2024.

Key Points: 
  • RLI Corp. (NYSE: RLI) 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.
  • Porter joined RLI in 2007 as Senior Underwriter and was promoted to Assistant Vice President – Central Zone, Executive Products Group in 2012.
  • “I am confident that Kerrick will position the Executive Products Group for ongoing success and ensure we continue to deliver superior insurance solutions and service to customers in this market.”

RLI Declares Regular Dividend

Retrieved on: 
Thursday, February 8, 2024
Insurance, Professional Services, RLI Corp., RLI, Holding company

RLI Corp. (NYSE: RLI) – 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.

Key Points: 
  • RLI Corp. (NYSE: RLI) – 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 has increased dividends in each of the last 48 years.
  • The company’s dividend yield would be 0.79% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $137.38.

AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Data Analytics, Other Professional Services, Insurance, Finance, Consulting, RLI, RLI Corp., Credit, ALL, FSR, Superior, News, AM Best

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).

Key Points: 
  • 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].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

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

Retrieved on: 
Thursday, January 11, 2024
Insurance, Professional Services, RLI, RLI Corp., ICRS, FSR, ICR, Credit, Superior, CBIC, Data, News

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.

Key Points: 
  • 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.

RLI Named as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner

Retrieved on: 
Wednesday, January 10, 2024
Professional Services, Insurance, Finance, RLI, RLI Corp., Glassdoor, Growth

RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024.

Key Points: 
  • 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.
  • “We’re honored to be recognized as a 2024 Glassdoor Best Place to Work,” said RLI Corp. President & CEO Craig Kliethermes.
  • To view the complete list of Glassdoor’s Best Places to Work in 2024 and learn more about how winners were determined, visit: gldr.co/BPTW .

RLI Fourth Quarter Earnings Release & Teleconference

Retrieved on: 
Thursday, January 4, 2024
Insurance, Professional Services, RLI Corp., CDT, RLI, Q4

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.
  • The company will hold its quarterly conference call to discuss fourth quarter results on Thursday, January 25, 2024 at 10 a.m. CDT.
  • This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/112063672 .

RLI Announces Retirement of Jonathan Michael as Chairman of the Board; David Duclos to Serve as Independent Chairman Upon Michael’s Retirement

Retrieved on: 
Thursday, December 14, 2023
Insurance, Professional Services, NYSE, Culture, Annual general meeting, RLI, RLI Corp., Growth, Management

Michael, who retired as the Company’s Chief Executive Officer in 2021, has more than 40 years of service with RLI.

Key Points: 
  • Michael, who retired as the Company’s Chief Executive Officer in 2021, has more than 40 years of service with RLI.
  • The Board elected David B. Duclos to serve as Non-Executive Chairman upon Michael’s retirement from the Board at the conclusion of the 2024 Annual Meeting of Shareholders.
  • Duclos has served as a Director since 2017, and currently serves as the lead independent director.
  • “It has been a privilege to serve alongside RLI’s dedicated employee owners for the past 41 years,” said Michael.

Clark Kellogg Appointed to RLI Board of Directors

Retrieved on: 
Monday, November 13, 2023
Insurance, Professional Services, Indiana Pacers, NYSE, Sport, Audit, Compensation, 1982–83 Indiana Pacers season, Columbus Foundation, RLI, RLI Corp., Trustee, Chairperson, CBS Sports, Management

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors.
  • Kellogg serves on the First Merchants Corporation Board of Directors, where he is a member of the Audit and Compensation and Human Resources Committees.
  • “We are pleased to welcome Clark to our Board of Directors,” said RLI Corp. Chairman Jonathan E. Michael.
  • “He brings public and private board experience, and a unique perspective on talent development to RLI.

RLI Declares Regular & Special Dividends

Retrieved on: 
Wednesday, November 8, 2023
Insurance, Professional Services, RLI, NYSE, RLI Corp., Holding company, Financial services, Security (finance)

RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share.

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share.
  • Both dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023.
  • “RLI’s ability to return $91 million to shareholders amid a year of unprecedented catastrophe activity and while retiring $150 million in senior debt is a testament to the strength of our business model,” said RLI Corp. President & CEO Craig Kliethermes.
  • “Our underwriting consistency, diversified product portfolio and strong capital management have allowed us to help customers recover from unexpected events, while delivering positive results and value to our shareholders.”