RLI Corp.

#2194

Rank

$6.11B

MarketCap US

US United States

Country

Summary
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and healthcare liability and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also underwrites various reinsurance coverages. It markets its products through branch offices, brokers, carrier partners, and underwriting and independent agents. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

History

RLI Corp. was founded in 1965 in Peoria, Illinois by Robert L. Lipic. The company chiefly operated in the surety bond market. RLI made its initial public offering (IPO) in 1987. In 2008, the company acquired the American Interstate Insurance Group, expanding its presence in the commercial property and casualty market.


Mission
As a leading provider of specialized insurance, RLI is focused on building and managing a portfolio of innovative products and solutions that meet customer needs, and delivering results that surpass the expectations of shareholders.

Vision
Our vision for the future is to remain focused on building and managing a portfolio of innovative products and solutions that meet and surpass the expectations of shareholders.

Key Team

Ms. Jennifer Leigh Klobnak (Chief Operating Officer)

Ms. Kathleen Ann Taylor (VP of Accounting & Branch Operations)

Mr. Bryan Todd Fowler (Chief Information Officer)

Mr. Jeffrey Dean Fick (Chief Legal Officer & Corp. Sec.)

Ms. Lisa T. Gates (VP of Marketing & Communications)

Ms. Kathleen Marie Kappes (VP of HR)

Mr. Paul J. Simoneau (Sr. VP of E&S Lines)


Recognition and Awards
RLI Corp. has won numerous awards for its industry-leading customer service and products, including a J.D. Power and Associates award in 2020 for Auto Claims, and an International Financial Branding award in 2019 for Best Professional Services.

References
RLI Corp.
Leadership team

Mr. Craig William Kliethermes CPCU, FCAS (Pres, CEO & Director)

Mr. Todd Wayne Bryant CPA, CPCU (Chief Financial Officer)

Mr. Aaron Paul Diefenthaler CFA (Chief Investment Officer & Treasurer)

Products/ Services
Insurance
Number of Employees
500 - 1000
Headquarters
Illinois City, Illinois, United States
Established
1965
Company Registration
SEC CIK number: 0000084246
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
RLI
Social Media
Fri Feb 23 2024
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