Steven Scruggs Comments on RLI

Guru stock highlight

Aug 17, 2022

Summary

A top contributor.

RLI Corp (RLI, Financial) is an Illinois-based specialty insurer with a conservative underwriting culture that routinelyputs up a market-leading industry metrics. We think the 9% insider ownership and unique use of the employee stock ownership plan (ESOP) helps align incentives and protect against losses.

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund second-quarter 2022 letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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