RLI Corp.

RLI Corp.

RLI Corp.

Overview
Date Founded

1993

Headquarters

9025 North Lindbergh Drive,Peoria, IL 61615

Type of Company

Public

Employees (Worldwide)

902K

Industries

Insurance: Property & Casualty

Company Description

RLI is a specialty insurance company that has been successful for more than 45 years. Ours is a diversified portfolio of property and casualty coverages and surety bonds serving ‘‘niche’’ or underserved markets. We operate in all 50 states from office locations across the country. Our talented associates have delivered underwriting profits in 31 of the last 35 years, including the last 16 consecutively.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Executive Officer

Vice President & Chief Financial Officer

Treasurer & Chief Investment Officer

Treasurer, Chief Investment Officer & Vice President

Vice President, Chief Information Officer

Senior Vice President, Chief Legal Officer & Corporate Secretary

Vice President, Controller

Senior Vice President, Operations of the Company's Principal Insurance Subsidiaries

Vice President, Risk Services

Board of Directors

Chief Executive Officer, Exelon Utilities at Exelon Corporation

Executive Vice President & Chief Operations Officer at Panera Bread Co.

Executive Vice President at The Standard Fire Insurance Co.

District Director at Wine Institute

Executive Educator & Senior Lecturer in Management, Finance & Entrepreneurship at Cornell University

Former Partner at PricewaterhouseCoopers LLP

Executive Director, Maguire Academy of Insurance & Risk Management at Saint Joseph's University - Erivan K. Haub School of Business

Former President, Chief Operating Officer of Company's Principal Insurance Subsidiaries, Director at RLI Corp.

Former Chief Executive Officer at QBE Holdings, Inc.

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Owners & Shareholders
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Kayne Anderson Rudnick Investment Management is a registered investment advisor based in Los Angeles, California with approximately $7 billion in assets under management. Our clients include affluent individuals, endowments, foundations, corporations, public funds, and pension plans for who it manages a range of portfolios having a common disciplined, high-quality investment philosophy

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DVI’s investment strategies include equity strategy; fixed income strategy; balanced strategy; and mutual fund asset allocation. For the equity strategy, they use a combination of quantitative and qualitative research in determining which companies to include in equity portfolios. The quantitative component utilizes a software platform to access, manage, and analyze a financial database that includes fundamental data and history for thousands of US-based companies. For the fixed income strategy, the firm takes a conservative buy-and-hold approach to fixed income management, purchasing only high quality, investment-grade securities. For balanced strategy, DVI uses an asset-liability matching process to further refine a client’s asset allocation. For mutual fund asset allocation, the firm developed a proprietary system to sort and filter the mutual fund database to identify funds that best meet client objectives.

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MGAM manages portfolios of publicly traded securities, which consist primarily of common stocks, but may also include other securities, such as ETFs, money funds and other cash accounts, preferred stocks, bonds, debentures, warrants and options. The firm employs fundamental research to identify securities issued by attractive businesses, whose affairs are managed by honest and talented management, that exhibit reinvestment opportunities and capital discipline, and where those securities are selling at reasonable prices. MGAM’s investment horizon is long-term and they expect relatively low portfolio turnover. On occasion, the firm may pursue other strategies such as risk arbitrage, spin-offs, and companies in bankruptcy, and hedging.

Recent Transactions
Details Hidden

RLI Corp. purchases Associations Liability Insurance Agency, Inc.

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Clear Blue Financial Holdings LLC purchases Clear Blue Insurance Co. from RLI Corp.

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RLI Corp., RLI Insurance Co. purchase Rockbridge Underwriting Agency Ltd.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onRLI Corp. issued USD Common Stock

Underwriter

Advised onRLI Corp. issued USD Common Stock

Investment Advisor

Advised onRLI Corp. purchases Underwriters Indemnity Holdings, Inc.

Legal Advisor

Advised onClear Blue Financial Holdings LLC purchases Clear Blue Insurance Co. from RLI Corp.

Advisors & Consultants
Consultant

Former President, Chief Operating Officer of Company's Principal Insurance Subsidiaries, Director at RLI Corp.

Real Estate Agent

Managing Director at Cushman & Wakefield, Inc.

Advisor

Former Senior Vice President, RLI Surety at RLI Corp.

Clients

HomeStreet, Inc. is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking. The company was founded on August 17, 1921 and is headquartered in Seattle, WA.

West Marine, Inc. engages in the retail of boating, fishing, sailing and paddling gear. Its products include anchor and docking, boats, motors and parts, electrical, electronics and navigation, fishing, galley and outdoor, maintenance and hardware, paddling, plumbing and ventilation, safety, shoes, and water sports. The company was founded by Randolph K. Repass in 1968 and is headquartered in Watsonville, CA.

Key Stats and Financials As of 2019
Market Capitalization
$4.62B
Total Enterprise Value
$4.25B
Earnings Per Share
$4.23
Revenue
$1B
Net Profit
$192M
Total Equity
$995M
Total Debt
$174M
Enterprise Value / Sales
4.23x
TEVNet Income
22.17x
Debt TEV
0.04x
Three Year Compounded Annual Growth Rate Of Revenue
6.81%
Non-Profit Donations & Grants
Suppliers
Berkshire Hathaway, Inc. Power & Utilities | Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

W. R. Berkley Corp. Other Insurance Services | Greenwich, Connecticut

W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs. This decentralized structure provides financial accountability and incentives to local management and enables us to attract and retain the highest caliber professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.

Münchener Rückversicherungs-Gesellschaft AG Reinsurance | Munich, Germany

Münchener Rückversicherungs-Gesellschaft AG engages in the provision of insurance and reinsurance services. It operates through the following segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; EGRO Property-Casualty Germany; and ERGO International. The ERGO Life and Health Germany segment includes German life and health primary insurance business, global travel insurance business, and digital ventures business. The EGRO Property-Casualty Germany segment covers German property-casualty insurance business, excluding digital ventures business. The ERGO International segment focuses on primary insurance business outside Germany. The company was founded by Carl von Thieme on April 3, 1880 and is headquartered in Munich, Germany.

Competitors
Apollo Global Management, Inc. Private Equity & Venture Capital - New York, New York

Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers. As of June 30, 2012, we had total assets under management of $105 billion, with a team of 616 employees located in ten offices around the world. We attribute our success to our key competitive strengths: our investment process and approach to investing, which incorporates our flexibility to invest throughout market cycles and across the capital structure, our deep industry expertise and focus on complex transactions, our investment edge which creates proprietary investment opportunities, and our collaboration with portfolio company management teams; our integrated business model which combines the strength of our private equity, credit-oriented capital markets, and real estate platforms, and also includes a dedicated Natural Resources Fund; our long-standing investor relationships which include many of the world’s most prominent pension and endowment funds, financial institutions and individuals; our long-term capital base; our strong management team and reputation; and our alignment of interests with investors in our funds and shareholders. We operate our businesses in an integrated manner, which we believe distinguishes us from other alternative investment managers. Our investment professionals frequently collaborate and share information across disciplines including market insight, management, banking and consultant contacts as well as potential investment opportunities, which contributes to our library of industry knowledge and enables us to invest successfully across a company’s capital structure. The integrated Apollo platform and the experience of our investment team have enabled us to deliver strong long-term investment performance in our funds throughout a range of economic cycles. Our investment approach is value-oriented, focusing on industries in which we have considerable knowledge, and emphasizing downside protection and the preservation of capital. We are frequently contrarian in our investment approach, which is reflected in a number of ways, including: our willingness to invest in industries that our competitors typically avoid; the often complex structures we employ in some of our investments, including our willingness to pursue difficult corporate carve-out transactions; our experience investing during periods of uncertainty or distress in the economy or financial markets; our orientation towards sole-sponsored transactions; and our willingness to undertake transactions that have substantial business, regulatory or legal complexity. We have successfully applied this investment philosophy since Apollo's founding, allowing us to identify what we believe to be attractive investment opportunities, deploy capital across the balance sheet of industry leading businesses, and create value for our investors throughout economic cycles.

AIG Other Insurance Services - Washington, DC

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

The Travelers Cos., Inc. Other Insurance Services - New York, NY

The Travelers Companies, Inc. is an American insurance company. It is the second largest writer of U.S. commercial property casualty insurance and the third largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City and its largest office in Hartford, Connecticut. Travelers also maintains a large office in St. Paul, Minnesota.It has been a component of the Dow Jones Industrial Average since June 8, 2009.

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