AM Best has revised the outlooks to positive from stable for RLI Corp. and its subsidiaries, while affirming their Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior). The Long-Term ICR of RLI’s publicly traded parent holding company, RLI Corp., was also affirmed at “a” (Excellent) with a positive outlook.
The positive outlooks reflect RLI’s consistently favorable balance sheet strength fundamentals, supported by prudent capital management and strong liquidity. The group’s risk-adjusted capitalization remained at the strongest level as of year-end 2024, with policyholder surplus reaching $1.8 billion, a significant increase from $1.0 billion at year-end 2019.
AM Best cited RLI’s strong operating performance across extended time periods and multiple underwriting cycles, driven by sound pricing discipline and diversification. The company's focus on niche opportunities and robust risk management capabilities have contributed to its consistent underwriting results and solid investment returns.
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