Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
17 March 1980Website:
http://www.rlicorp.comNext earnings report:
24 January 2025Last dividends:
30 August 2024Next dividends:
29 November 2024Price
after hours | Fri, 22 Nov 2024 23:55:05 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
RLI Latest News
RLI Corp. (RLI) reported earnings 30 days ago. What's next for the stock?
RLI stock rallies on the back of a strong local branch office network, a focus on specialty insurance lines and an impressive record of underwriting profits.
RLI's board of directors approves a special cash dividend of $4.00 per share, supported by sufficient liquidity and strong cash flow to enhance its shareholders' value.
RLI Corp. is a "Dividend Insurance Champion," with 49 consecutive years of dividend increases and a strong total return, outperforming the S&P 500 over 20 years. The company's disciplined approach prioritizes underwriting margins, resulting in consistent dividend growth and solid performance in the U.S. property and casualty market. Despite some margin compression in casualty and surety segments, RLI's diverse portfolio and rate increases ensure solid underwriting results for 2024.
RLI Corp. (NYSE:RLI ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Aaron Diefenthaler - CIO and Treasurer Craig Kliethermes - President and CEO Todd Bryant - CFO Jen Klobnak - COO Conference Call Participants Bill Carcache - Wolfe Research Michael Phillips - Oppenheimer Gregory Peters - Raymond James Andrew Anderson - Jefferies Scott Heleniak - RBC Operator Good morning, and welcome to the RLI Corp's Third Quarter Earnings Teleconference. [Operator Instructions] Before we get started, let me remind everyone that through the course of the teleconference, RLI management may make comments that reflect their intentions, beliefs and expectations for the future.
RLI's Q3 earnings reflect continued underwriting-focused business model and the strength of its diversified portfolio.
While the top- and bottom-line numbers for RLI Corp. (RLI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
RLI Corp. (RLI) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.61 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for RLI Corp. (RLI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
RLI Corp. (RLI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What type of business is RLI?
RLI Corp., an insurance holding company, underwrites property and casualty insurance. 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. It also offers coverages for security guards and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages for errors and omission coverage for small to medium-sized design, technical, computer, and miscellaneous professionals. 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 coverages, employment practice liability, and for various classes of risks, including public and private businesses; 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-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also engages in various reinsurance coverages. It markets its products through branch offices, wholesale and retail brokers, carrier partners, and underwriting and independent agents. RLI Corp. was incorporated in 1965 and is headquartered in Peoria, Illinois.
What sector is RLI in?
RLI is in the Financial Services sector
What industry is RLI in?
RLI is in the Insurance - Property & Casualty industry
What country is RLI from?
RLI is headquartered in United States
When did RLI go public?
RLI initial public offering (IPO) was on 17 March 1980
What is RLI website?
https://www.rlicorp.com
Is RLI in the S&P 500?
No, RLI is not included in the S&P 500 index
Is RLI in the NASDAQ 100?
No, RLI is not included in the NASDAQ 100 index
Is RLI in the Dow Jones?
No, RLI is not included in the Dow Jones index
When was RLI the previous earnings report?
No data
When does RLI earnings report?
The next expected earnings date for RLI is 24 January 2025