Sundar PichaiSundar Pichai earned $164M in 2023
R

Craig W. Kliethermes

CEO of RLI

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1965 - 60 years ago

Economy Sector

Financial Services

Current Tenure

3 years 1 month (Jan 2022 - Present)

Previous Experience

President and Chief Operating Officer of the Company’s insurance company subsidiaries since 2016

Craig W. Kliethermes has been the President and CEO of RLI Corp. since January 1, 2022. Before that, he held leadership positions within the company, including President and COO of its insurance subsidiaries since 2016. Kliethermes joined RLI in 2006,...

Year

2023

Total Compensation

$1.37M

Salary

$650.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation linked to company performance, with significant equity ownership to align interests with shareholders.

Bonus

$626.03K

Board Justification

Payouts from MVP Program bonus bank accounts of amounts earned in prior years based on financial performance of the Company in those years.

Other

$98.42K

Board Justification

Includes contributions to the ESOP and 401(k) plan, as well as other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023.

Performance Metrics

The performance metrics include Market Value Potential (MVP), Operating Return on Equity, Combined Ratio, and Five-Year Growth in Book Value.