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Jonathan E. Michael has been at the helm of RLI Corp., a major player in the insurance industry, since 1985. At 61, he brings decades of leadership and strategic insight to his role as President and CEO. Under his guidance,...

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Jonathan E. Michael

Ex-CEO of RLI

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Financial Services

Born

January 1, 1953 - 72 years ago

CEO of RLI for

1 year 11 months (Jan 2020 - Dec 2021)

Previous Experience

Chairman of the Board of Directors

Holdings

See how much did Jonathan E. Michael make over time.

Jonathan E. Michael has seen significant fluctuations in his holdings over the years, with a peak value of approximately $182.91 million in February 2024. His wealth saw ups and downs, starting from about $114.74 million in September 2019, peaking at...

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Total Stock Sold

$114.73K

RLI

$114.73K

6,332 RLI shares

What if they kept their stock?

If Jonathan E. Michael didn't sell their stock, today they would have:
Extra RLI6,332 shares worth $249.58K.
This is 117.53% and $134.84K more than what they got when they sold the stock.

Charitable Transactions

RLI

176,812.542 shares

RLI

Recent Charitable Transactions

RLI

$1.18M

RLI at $130.59/share

Dec 31, 2022

Charity

RLI

$1.13M

RLI at $112.57/share

Dec 31, 2021

Charity

RLI

$957.29K

RLI at $112.16/share

Mar 19, 2021

Charity

RLI

$970.64K

RLI at $103.37/share

Dec 31, 2020

Charity

RLI

$1.09M

RLI at $90.75/share

Nov 2, 2020

Charity

RLI

$1.03M

RLI at $92.61/share

Sep 9, 2019

Charity

Insider Trading

See recent insider trades of Jonathan E. Michael.

RLI

$1.18M

RLI at $130.59/share

Dec 31, 2022

Charity

SSNC

$2.51K

SSNC at $81.05/share

Dec 22, 2021

Purchase

RLI

$1.13M

RLI at $112.57/share

Dec 31, 2021

Charity

SSNC

$3.95K

SSNC at $75.99/share

Aug 25, 2021

Purchase

SSNC

$24.89K

SSNC at $76.60/share

Aug 3, 2021

Purchase

SSNC

$1.49K

SSNC at $74.33/share

May 27, 2021

Purchase

RLI

$957.29K

RLI at $112.16/share

Mar 19, 2021

Charity

SSNC

$2.49K

SSNC at $67.31/share

Feb 26, 2021

Purchase

RLI

$970.64K

RLI at $103.37/share

Dec 31, 2020

Charity

SSNC

$1.55K

SSNC at $70.63/share

Dec 3, 2020

Purchase

Compensation History

See how much did Jonathan E. Michael make over time.

In 2020, Jonathan E. Michael earned a total compensation of $4.71 million, which included a salary of $775,000 and a bonus of $525,258 linked to the company's performance. His compensation strategy is designed to connect executive pay with the company’s profitability, involving various components like performance bonuses and contributions to retirement plans. Notably, he has received no stock grants or stock options that vested in 2020, highlighting a compensation structure heavily reliant on direct financial performance metrics. His bonus plan integrates long-term business growth goals, showing that a significant portion of his income is contingent on RLI's financial success. Michael's compensation plan reflects a broader commitment to aligning his interests with those of the shareholders, maintaining competitive pay levels within the industry while ensuring he is rewarded for enhancing shareholder value and company performance.

Year

2020

Total Compensation

$1.40M

Salary

$775.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder value, ensuring competitive pay levels to attract and retain top talent.

Bonus

$525.26K

Board Justification

The bonus is based on the Market Value Potential (MVP) program, which correlates to the company's financial performance and strategic objectives for the year 2020.

Other

$98.36K

Board Justification

Other compensation includes contributions to the ESOP and 401(k) plans, as well as private security services provided at Mr. Michael's residence.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock options or stock grants vested in 2020; only stock options and stock grants that are vested are included in this report.

Performance Metrics

The performance metrics include operating return on equity, combined ratio, and Market Value Potential (MVP) as key indicators of company performance.

Other RLI CEOs

Here are other CEOs of RLI