A.M. Best Affirms Credit Ratings of RLI Corp., RLI Insurance
OREANDA-NEWS. A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of the members of RLI Group (RLI): RLI Insurance Company, Contractors Bonding and Insurance Company (CBIC) and Mt. Hawley Insurance Company (Mt. Hawley). In addition, A.M. Best has affirmed the Long-Term ICR of “a” of RLI’s publicly traded parent holding company, RLI Corp. (RLI Corp) [NYSE: RLI]. A.M. Best has also affirmed the Long-Term Issue Credit Rating of “a” on $150 million 4.875% senior unsecured notes due 2023 of RLI Corp. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Peoria, IL.