The estimated Net Worth of Jonathan E Michael is at least $13.6 Million dollars as of 29 May 2024. Mr. Michael owns over 3,576 units of RLI stock worth over $8,681,781 and over the last 21 years he sold RLI stock worth over $230,432. In addition, he makes $4,714,010 as Chairman of the Board, President, and Chief Executive Officer at RLI.
Jonathan has made over 56 trades of the RLI stock since 2003, according to the Form 4 filled with the SEC. Most recently he exercised 3,576 units of RLI stock worth $534,576 on 29 May 2024.
The largest trade he's ever made was exercising 126,000 units of RLI stock on 23 July 2015 worth over $1,891,260. On average, Jonathan trades about 5,120 units every 25 days since 2003. As of 29 May 2024 he still owns at least 58,076 units of RLI stock.
You can see the complete history of Mr. Michael stock trades at the bottom of the page.
Jonathan E. Michael has been appointed as Chairman of the Board, Chief Executive Officer of the Company effective 12/31/2020. He was elected Chairman of the Board & CEO of the Company’s principal insurance subsidiaries on January 1, 2002. Mr. Michael served as Chief Operating Officer of the Company from 1994 to 2001, and prior to that served for several years as Executive Vice President, responsible for running the Company’s insurance operations. Mr. Michael joined the Company in 1982. Prior to 1982, Mr. Michael was associated with Coopers & Lybrand LLP. Mr. Michael has over 36 years of experience with the Company and has held various managerial and executive officer positions. This significant experience with the Company provides Mr. Michael with a unique perspective into our operations, our people and the strategic vision needed to meet our performance goals. He has a Bachelor’s degree in Business Administration from Ohio Dominican College.
As the Chairman of the Board, President, and Chief Executive Officer of RLI, the total compensation of Jonathan Michael at RLI is $4,714,010. There are no executives at RLI getting paid more.
Jonathan Michael is 66, he's been the Chairman of the Board, President, and Chief Executive Officer of RLI since 2011. There are 5 older and 17 younger executives at RLI. The oldest executive at RLI Corp. is John Baily, 75, who is the Lead Independent Director.
Jonathan's mailing address filed with the SEC is 9025, North Lindbergh Drive, Alta, Peoria, Peoria County, Illinois, 61615, United States of America.
Over the last 21 years, insiders at RLI have traded over $22,730,868 worth of RLI stock and bought 40,940 units worth $2,291,561 . The most active insiders traders include Jonathan E Michael, Michael J Stone, and Calvin Jr Butler. On average, RLI executives and independent directors trade stock every 20 days with the average trade being worth of $1,580,408. The most recent stock trade was executed by Craig W Kliethermes on 29 August 2024, trading 17,500 units of RLI stock currently worth $1,324,050.
rli is a specialty insurance company that offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. we combine profitable underwriting, solid investment returns and effective capital management to deliver consistent, long-term growth in shareholder value. rli has more than 850 employees in 50 locations across the united states. at rli, our talent distinguishes us and that makes us different. we hire smart people, including the best underwriters in the business, and then give them the resources and freedom to drive profitable growth. our niche, market-driven products exceed customer expectations; satisfying demands where other insurance companies do not compete. our vision for the future is to remain focused on building and managing a portfolio of innovative products and solutions that meet and surpass the expectations of shareholders. for more information, please visit www.rlicorp.com.
RLI executives and other stock owners filed with the SEC include: