watch
RLI Corp.

RLI Corp.

Sector: Insurance Carriers Not Elsewhere Classified Region: IL, United States


: | New York Stock Exchange: RLI


Similar to: Hiscox Ltd., Lincoln National Corp.

RLI Corp. a specialty insurance company that offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. It offers specialty insurance coverages designed to meet specific insurance needs of targeted insured groups and underwrite for certain markets that are underserved by the insurance and reinsurance industry. It also provide types of coverages not generally offered by other companies, such as stand-alone personal umbrella policy. It conducts operations principally through four insurance companies which include RLI Insurance Co., Contractors Bonding & Insurance Co., Mt. Hawley Insurance Co., and RLI Indemnity Co. The company operates its business through the following segments: Casualty, Property and Surety. The Casualty segment consists largely of general liability, personal umbrella, transportation, executive products, commercial umbrella, multi-peril program and package business and other specialty coverages, such as professional liability for design professionals. This segment also offers fidelity and crime coverage for commercial insureds and select financial institutions. The Property segment is comprised primarily of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop, and select personal lines policies, including pet insurance and homeowners coverage in the state of Hawaii. The Surety segment specializes in writing small-to-large commercial and contract surety coverages, as well as those for the energy, petrochemical and refining industries. It also offers miscellaneous bonds, including license and permit, notary and court bonds. It was founded by Gerald D. Stephens in 1965 and is headquartered in Peoria, IL.

News & Analysis

You may also be interested in: