RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. This segment also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals. In addition, this segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and fidelity coverages, and for various classes of risks, including public and private businesses; and healthcare liability and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium-to-large businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also underwrites various reinsurance coverages. It markets its products through branch offices, brokers, and underwriting and independent agents. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.
IPO Year:
Exchange: NYSE
Website: rlicorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | Perform | Oppenheimer | |
| 10/9/2024 | $182.00 | Outperform | Wolfe Research |
| 9/7/2023 | $155.00 | Buy | Jefferies |
| 6/7/2022 | Mkt Perform | Raymond James | |
| 2/22/2022 | $117.00 | Neutral → Buy | Compass Point |
| 10/22/2021 | $110.00 → $112.00 | Sector Perform | RBC Capital |
| 10/19/2021 | $109.00 → $120.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 9/30/2021 | $115.00 → $110.00 | Sector Perform | RBC Capital |
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split. Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-sp
RLI Corp. (NYSE:RLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023. Third Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 2.06 $ 0.29 $ 6.60 $ 4.12 Operating earnings (1) $ 1.31 $ 0.6
RLI Corp. (NYSE:RLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available. "Our thoughts are with everyone impacted by these devastating storms," RLI Corp. President & CEO Craig Kliethermes. "Following these events, our claim team has responded rapidly to assess the widespread damage and is helping affected policyholders recover as quickly as possible. We remain dedicated to providing superi
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will release its third quarter 2024 earnings after market close on Monday, October 21, 2024. The company will hold its quarterly conference call to discuss third quarter results on Tuesday, October 22, 2024, at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/811172831. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Compan
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.29 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2024, to shareholders of record as of August 30, 2024. RLI has increased dividends in each of the last 49 years. The company's dividend yield would be 0.79% based on the $1.16 indicated annual dividend and yesterday's closing stock price of $146.55. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers natio
RLI Corp. (NYSE:RLI) – RLI Corp. reported second quarter 2024 net earnings of $82.0 million ($1.78 per share), compared to $77.7 million ($1.69 per share) for the second quarter of 2023. Operating earnings(1) for the second quarter of 2024 were $79.3 million ($1.72 per share), compared to $53.3 million ($1.16 per share) for the same period in 2023. Second Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 1.78 $
RLI Corp. (NYSE:RLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward's 50® top-performing insurance companies list for the 34th consecutive year. RLI is the only company that has been named to the list every year since its inception in 1991. "RLI is honored to receive this recognition for the 34th consecutive year," said RLI Corp. President & CEO Craig Kliethermes. "Our company's financial strength, stability and success are possible through the support of our customers, producers and devoted team of associate-owners. We share this achievement with all of them." Ward benchmarking, a business unit of Aon, is the leading provider of benchmarking and best pra
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will release its second quarter 2024 earnings after market close on Monday, July 22, 2024. The company will hold its quarterly conference call to discuss second quarter results on Tuesday, July 23, 2024, at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/427115749. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Company
RLI Corp. (NYSE:RLI) -- RLI Corp. announced today the promotion of Deb Millum to Vice President, Claim. In her new role, Millum will assume executive leadership and oversight responsibility for RLI's Transportation, Non-Transportation Auto and Personal Umbrella product claims. Millum joined RLI in 2017 as Director, Claim Counsel and was promoted to Assistant Vice President, Claim Counsel in 2019. She brings nearly 30 years of insurance claim and legal experience to her new role. Millum holds a Juris Doctorate degree from the University of Dayton School of Law and a Bachelor of Science in Aeronautical Administration from St. Louis University. "Deb brings deep claim and legal expertise to
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. RLI has increased dividends in each of the last 49 years. The company's dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday's closing stock price of $143.25. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers natio
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RLI Corp. (NYSE:RLI) – RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company's established succession plan. Michael, who retired as the Company's Chief Executive Officer in 2021, has more than 40 years of service with RLI. During Michael's 20-year tenure as CEO, the company significantly diversified its product portfolio, while delivering consistent top line growth and achieving 20 consecutive years of underwriting profit. The Board elected David B. Duclos to serve as Non-Executive Chairman upon Michael's retirement from the Board
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022. These leadership changes will coincide with the planned retirement of current company Chairman & CEO Jonathan E. Michael at the end of 2021. Kliethermes has served as President and COO since 2016. Previously, he served as Senior Vice President, Risk Services since 2013. Kliethermes joined RLI in 2006 and has 36 years of insurance industry experience. Prior to joining RLI, he served in various actuarial and leadership roles with Lockton Companies,
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split. Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-sp
RLI Corp. (NYSE:RLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023. Third Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 2.06 $ 0.29 $ 6.60 $ 4.12 Operating earnings (1) $ 1.31 $ 0.6
RLI Corp. (NYSE:RLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available. "Our thoughts are with everyone impacted by these devastating storms," RLI Corp. President & CEO Craig Kliethermes. "Following these events, our claim team has responded rapidly to assess the widespread damage and is helping affected policyholders recover as quickly as possible. We remain dedicated to providing superi
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will release its third quarter 2024 earnings after market close on Monday, October 21, 2024. The company will hold its quarterly conference call to discuss third quarter results on Tuesday, October 22, 2024, at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/811172831. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Compan
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.29 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2024, to shareholders of record as of August 30, 2024. RLI has increased dividends in each of the last 49 years. The company's dividend yield would be 0.79% based on the $1.16 indicated annual dividend and yesterday's closing stock price of $146.55. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers natio
RLI Corp. (NYSE:RLI) – RLI Corp. reported second quarter 2024 net earnings of $82.0 million ($1.78 per share), compared to $77.7 million ($1.69 per share) for the second quarter of 2023. Operating earnings(1) for the second quarter of 2024 were $79.3 million ($1.72 per share), compared to $53.3 million ($1.16 per share) for the same period in 2023. Second Quarter Year to Date Earnings Per Diluted Share 2024 2023 2024 2023 Net earnings $ 1.78 $
RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will release its second quarter 2024 earnings after market close on Monday, July 22, 2024. The company will hold its quarterly conference call to discuss second quarter results on Tuesday, July 23, 2024, at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/427115749. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Company
RLI Corp. (NYSE:RLI) -- RLI Corp. announced today the promotion of Deb Millum to Vice President, Claim. In her new role, Millum will assume executive leadership and oversight responsibility for RLI's Transportation, Non-Transportation Auto and Personal Umbrella product claims. Millum joined RLI in 2017 as Director, Claim Counsel and was promoted to Assistant Vice President, Claim Counsel in 2019. She brings nearly 30 years of insurance claim and legal experience to her new role. Millum holds a Juris Doctorate degree from the University of Dayton School of Law and a Bachelor of Science in Aeronautical Administration from St. Louis University. "Deb brings deep claim and legal expertise to
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. RLI has increased dividends in each of the last 49 years. The company's dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday's closing stock price of $143.25. ABOUT RLI RLI Corp. (NYSE:RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers natio
RLI Corp. (NYSE:RLI) – RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023. Operating earnings(1) for the first quarter of 2024 were $87.4 million ($1.89 per share), compared to $75.0 million ($1.63 per share) for the same period in 2023. First Quarter Earnings Per Diluted Share 2024 2023 Net earnings $ 2.77 $ 2.15 Operating earnings (1) $ 1.89 $ 1.63 (1) See
Oppenheimer initiated coverage of RLI Corp with a rating of Perform
Wolfe Research initiated coverage of RLI Corp with a rating of Outperform and set a new price target of $182.00
Jefferies initiated coverage of RLI Corp with a rating of Buy and set a new price target of $155.00
Raymond James initiated coverage of RLI Corp with a rating of Mkt Perform
Compass Point upgraded RLI from Neutral to Buy and set a new price target of $117.00
RBC Capital reiterated coverage of RLI with a rating of Sector Perform and set a new price target of $112.00 from $110.00 previously
Keefe Bruyette upgraded RLI Corp from Mkt Perform to Outperform and set a new price target of $120.00 from $109.00 previously
RBC Capital reiterated coverage of RLI with a rating of Sector Perform and set a new price target of $110.00 from $115.00 previously
B. Riley reiterated coverage of RLI with a rating of Buy and set a new price target of $130.00 from $120.00 previously
Royal Bank of Canada reiterated coverage of RLI with a rating of Sector Perform and set a new price target of $102.00 from $95.00 previously
RBC Capital analyst Scott Heleniak reiterates RLI (NYSE:RLI) with a Sector Perform and maintains $155 price target.
RLI (NYSE:RLI) underwent analysis by 3 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $167.67, a high estimate of $170.00, and a low estimate of $165.00. Experiencing a 1.95% decline, the current average is now lower than th
Compass Point analyst Casey Alexander maintains RLI (NYSE:RLI) with a Buy and lowers the price target from $175 to $170.
JMP Securities analyst Matthew Carletti reiterates RLI (NYSE:RLI) with a Market Perform.
RLI (NYSE:RLI) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.34 by 28.36 percent. This is a 48.28 percent increase over earnings of $1.16 per share from the same period last year. The company reported quarterly sales of $459.899 million which beat the analyst consensus estimate of $443.658 million by 3.66 percent. This is a 9.62 percent increase over sales of $419.541 million the same period last year.
Keefe, Bruyette & Woods analyst Meyer Shields maintains RLI (NYSE:RLI) with a Outperform and maintains $168 price target.
RLI (NYSE:RLI) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 0 1 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $165.75, along with a high estimate of $175.00 and a low estimate of $155.00. This upward trend is evident, with the current average
Jefferies analyst Andrew Andersen maintains RLI (NYSE:RLI) with a Buy and lowers the price target from $170 to $165.
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024.RLI has increased dividends in each of the last 49 years. The company's dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday's closing stock price of $143.25.
RLI (NYSE:RLI) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 1 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $161.5, along with a high estimate of $175.00 and a low estimate of $148.00. This upward trend is apparent, with the curre