Sundar PichaiSundar Pichai earned $164M in 2023

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,...

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Craig W. Kliethermes

CEO of RLI

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

January 1, 1965 - 60 years ago

CEO of RLI for

3 years 5 months (Jan 2022 - Present)

Previous Experience

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

Holdings

See how much did Craig W. Kliethermes make over time.

As of December 2023, Craig W. Kliethermes holds around 133,442 shares in RLI Corp., showcasing his significant investment in the company. Over the past few years, his holdings have experienced fluctuations, with values ranging from $8.29 million to $17.16 million....

Mar 18, 2025

Insider Trading

See recent insider trades of Craig W. Kliethermes.

RLI

$356.75K

RLI at $71.35/share

Jan 24, 2025

Purchase

Compensation History

See how much did Craig W. Kliethermes make over time.

In 2023, Craig W. Kliethermes received total compensation of approximately $5.2 million from RLI Corp. His compensation included a salary of $650,000 and a notable bonus of $626,025 from the Market Value Potential (MVP) program. However, he didn't receive any stock options or grants that year, focusing instead on cash compensation and other benefits, such as retirement contributions or 401(k) plans, totaling around $98,419. The company emphasizes a performance-based compensation model where incentives are based on the company's financial performance metrics. This aligns executive rewards with shareholder interests, aiming for long-term company growth. Comparing this to the previous year, where his total compensation was around $4.8 million, Kliethermes effectively demonstrated an upward trend in pay linked to the company's success.

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.

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