AM Best has upgraded the Financial Strength Rating (FSR) to A++ (Superior) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa+” (Superior) from “aa” (Superior) for the members of RLI Group. The publicly traded parent company, RLI Corp. [NYSE: RLI], also received an upgrade to its Long-Term ICR to “a+” (Excellent) from “a” (Excellent). These upgrades reflect RLI’s exceptional balance sheet strength, strong operating performance, and effective capital management strategies, with a stable outlook reflecting expectations for continued strong profitability.
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AM Best Upgrades Credit Ratings for RLI Corp. and Its Subsidiaries
AM Best has upgraded the Financial Strength Rating (FSR) to A++ (Superior) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa+” (Superior) from “aa” (Superior) for the members of RLI Group. The publicly traded parent company, RLI Corp. [NYSE: RLI], also received an upgrade to its Long-Term ICR to “a+” (Excellent) from “a” (Excellent). These upgrades reflect RLI’s exceptional balance sheet strength, strong operating performance, and effective capital management strategies, with a stable outlook reflecting expectations for continued strong profitability.