RLI Management
Management criteria checks 4/4
RLI's CEO is Craig Kliethermes, appointed in Jan 2016, has a tenure of 8.25 years. total yearly compensation is $5.19M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $9.62M. The average tenure of the management team and the board of directors is 5.6 years and 7.3 years respectively.
Key information
Craig Kliethermes
Chief executive officer
US$5.2m
Total compensation
| CEO salary percentage | 12.5% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 5.6yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
RLI Corp.: Mounting Competition In Property, But No Alarms
Mar 11Getting In Cheap On RLI Corp. (NYSE:RLI) Is Unlikely
Feb 15
RLI Corp.: A Dividend Aristocrat Priced For Perfection
Aug 07Here's Why We Think RLI (NYSE:RLI) Is Well Worth Watching
Jul 03RLI Corp.: The Always Expensive Dividend Aristocrat Priced For Perfection
May 23Here's Why We Think RLI (NYSE:RLI) Is Well Worth Watching
Mar 31RLI declares $0.26 dividend
Feb 09RLI GAAP EPS of $2.13 beats by $0.96, revenue of $360.59M beats by $36.67M
Jan 25RLI Continues To Grow Its Premiums
Dec 19RLI Q3 2022 Earnings Preview
Oct 18RLI Continues An Aristocratic Tradition But Is Construction Exposed
Aug 25RLI declares $0.26 dividend
Aug 17RLI Corp. (NYSE:RLI) Analysts Are Reducing Their Forecasts For This Year
Jul 23RLI Q2 2022 Earnings Preview
Jul 19RLI Corp. Delivers Inflation-Resilient Growth, But Quality Priced In
May 16RLI's (NYSE:RLI) Upcoming Dividend Will Be Larger Than Last Year's
May 09Here's Why We Think RLI (NYSE:RLI) Is Well Worth Watching
Mar 15Bullish: Analysts Just Made A Huge Upgrade To Their RLI Corp. (NYSE:RLI) Forecasts
Mar 15RLI Corp. Continues Its Tradition Of Profitability
Feb 23RLI Is Strong Despite Hurricane Effects And The Market Knows It
Nov 03Does RLI (NYSE:RLI) Deserve A Spot On Your Watchlist?
Oct 05RLI's (NYSE:RLI) Dividend Will Be Increased To US$0.25
Aug 03RLI Has Pricing Power, Valuable Inflation Hedge, But For A Price
Jul 19RLI Corp: A Not So Cheap Dividend Aristocrat
Jun 21Does RLI (NYSE:RLI) Deserve A Spot On Your Watchlist?
Jun 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$5m | US$650k | US$305m |
| Sep 30 2023 | n/a | n/a | US$288m |
| Jun 30 2023 | n/a | n/a | US$714m |
| Mar 31 2023 | n/a | n/a | US$634m |
| Dec 31 2022 | US$5m | US$649k | US$583m |
| Sep 30 2022 | n/a | n/a | US$581m |
| Jun 30 2022 | n/a | n/a | US$170m |
| Mar 31 2022 | n/a | n/a | US$254m |
| Dec 31 2021 | US$5m | US$538k | US$279m |
| Sep 30 2021 | n/a | n/a | US$268m |
| Jun 30 2021 | n/a | n/a | US$281m |
| Mar 31 2021 | n/a | n/a | US$291m |
| Dec 31 2020 | US$3m | US$525k | US$157m |
| Sep 30 2020 | n/a | n/a | US$127m |
| Jun 30 2020 | n/a | n/a | US$117m |
| Mar 31 2020 | n/a | n/a | US$65m |
| Dec 31 2019 | US$3m | US$516k | US$192m |
| Sep 30 2019 | n/a | n/a | US$118m |
| Jun 30 2019 | n/a | n/a | US$125m |
| Mar 31 2019 | n/a | n/a | US$117m |
| Dec 31 2018 | US$2m | US$490k | US$64m |
| Sep 30 2018 | n/a | n/a | US$142m |
| Jun 30 2018 | n/a | n/a | US$104m |
| Mar 31 2018 | n/a | n/a | US$97m |
| Dec 31 2017 | US$2m | US$475k | US$105m |
Compensation vs Market: Craig's total compensation ($USD5.19M) is below average for companies of similar size in the US market ($USD8.42M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
CEO
Craig Kliethermes (58 yo)
8.3yrs
Tenure
US$5,185,452
Compensation
Mr. Craig William Kliethermes, FCAS, MAAA, CPCU, serves as Chief Executive Officer at RLI Corp since January 01, 2022. He has been President at RLI Corp. since 2016 and served as its Chief Operating Office...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | US$5.19m | 0.15% $ 9.6m | |
| Chief Financial Officer | 4.8yrs | US$2.74m | 0.13% $ 8.2m | |
| Chief Operating Officer | 2.3yrs | US$3.24m | 0.12% $ 7.5m | |
| Chief Investment Officer & Treasurer | 12.3yrs | US$1.18m | 0.072% $ 4.6m | |
| Chief Legal Officer & Corporate Secretary | 7.5yrs | US$1.07m | 0.16% $ 10.5m | |
| Vice President of Accounting & Branch Operations | 5.3yrs | no data | no data | |
| Chief Information Officer | 6.6yrs | no data | no data | |
| Vice President of Marketing & Communications | 5.3yrs | no data | no data | |
| Vice President of Human Resources | 7.4yrs | no data | no data | |
| Chief Claim Officer | 5.9yrs | no data | no data | |
| Senior Vice President of Underwriting | 1.3yrs | no data | no data | |
| VP & Controller | 4.8yrs | no data | 0.052% $ 3.3m |
5.6yrs
Average Tenure
54yo
Average Age
Experienced Management: RLI's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.3yrs | US$5.19m | 0.15% $ 9.6m | |
| Chairman of the Board | 26.9yrs | no data | 2.57% $ 166.0m | |
| Independent Director | 11.7yrs | US$209.98k | 0.47% $ 30.4m | |
| Independent Director | 15.2yrs | US$201.69k | 0.0073% $ 473.1k | |
| Independent Director | 7.8yrs | US$174.97k | 0.027% $ 1.7m | |
| Independent Director | 5.7yrs | US$204.32k | 0.0042% $ 270.5k | |
| Independent Director | 19.4yrs | US$206.69k | 0.014% $ 908.2k | |
| Independent Director | 1.4yrs | US$204.98k | 0% $ 0 | |
| Lead Independent Director | 6.9yrs | US$233.11k | 0.0057% $ 365.3k | |
| Independent Director | 10.3yrs | US$224.98k | 0.022% $ 1.4m | |
| Independent Director | 5.7yrs | US$199.98k | 0% $ 0 | |
| Independent Director | less than a year | no data | no data |
7.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: RLI's board of directors are considered experienced (7.3 years average tenure).