RLI - RLI Corp.

NYSE - NYSE Delayed Price. Currency in USD

RLI Corp.

9025 North Lindbergh Drive
Peoria, IL 61615
United States
309-692-1000
http://www.rlicorp.com

SectorFinancial
IndustryProperty & Casualty Insurance
Full Time Employees907

Key Executives

NameTitlePayExercisedAge
Mr. Jonathan E. MichaelChairman and Chief Exec. Officer3.52M11.36M64
Mr. Craig William Kliethermes FCAS, MAAA, CPCUPres and Chief Operating Officer1.71M1.5M52
Mr. Thomas L. Brown CPAChief Financial Officer and Sr. VP1.34M1.21M60
Mr. Jeffrey D. FickChief Legal Officer and Sr. VP497.05k610.51k55
Ms. Jennifer L. KlobnakSr. VP of Operations516.84k580.48kN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

RLI Corp., through its subsidiaries, underwrites property and casualty insurance in the United States. Its Casualty segment provides commercial and personal umbrella coverage products; and general liability products, such as coverage for third party liability of commercial insureds, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile. This segment also offers coverages in the area of onshore energy related businesses, as well as environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and commercial automobile liability and physical damage insurance products, and other types of commercial automobile risks, as well as related insurance coverages, such as general liability, excess liability, and motor truck cargo. In addition, this segment provides professional liability coverages, such as errors and omission, general liability, property, automobile, excess liability, and worker’s compensation; property and casualty insurance coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability, and fidelity coverages; medical professional and healthcare liability insurance; and other products, including coverage for security guards and home business insurance. The company’s Property segment comprises primarily of fire, earthquake, difference in conditions, marine, homeowners and recreational vehicle insurance, and property and crop reinsurance. Its Surety segment offers small bonds, such as license and permit, notary, and court bonds for businesses and individuals; commercial surety bonds for medium-to-large businesses; bonds for small-to-medium sized contractors; and commercial surety bonds for the energy, petrochemical, and refining industries. The company markets its products through independent agents to wholesale and retail brokers. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

Corporate Governance

RLI Corp.’s ISS Governance QualityScore as of December 1, 2017 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 1; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.