PEORIA, Ill. - RLI Corp . (NYSE: NYSE:RLI), a specialty insurance company, has retained its A+ (Superior) financial strength rating (FSR) for three of its insurance subsidiaries, according to an announcement by AM Best Company. The subsidiaries receiving the affirmation are RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company (CBIC).
The global credit rating agency also reaffirmed the Long-Term Issuer Credit Ratings (ICR) for each of these RLI companies. RLI Corp.'s ICR stands at "a" (Excellent), while the subsidiaries' ICRs are rated "aa" (Superior).
AM Best's evaluation of RLI reflects the company's robust balance sheet, which is categorized as the strongest by the agency. Additionally, it highlights RLI's solid operating performance, favorable business profile, and very strong enterprise risk management capabilities.
RLI Corp. specializes in serving niche markets in property, casualty, and surety insurance.
This news is based on a press release statement issued by RLI Corp.
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