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 w ...

RLI Corp. (RLI) reported third-quarter 2024 operating earnings of $1.31 per share, which beat the Zacks Consensus Estimate by 33.7%. The bottom line more than doubled year over year.The quarterly results reflected the continued underwriting-focused business model and the strength of its diversified portfolio.RLI stock rose 1.2% in the after-market trading session to reflect the outperformance.RLI's Operational PerformanceOperating revenues for the reported quarter were $426 million, up 1.4% year over year, ...

RLI Corp. (RLI) reported $426.18 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 21.6%. EPS of $1.31 for the same period compares to $0.61 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $420.15 million, representing a surprise of +1.44%. The company delivered an EPS surprise of +33.67%, with the consensus EPS estimate being $0.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.67%. A quarter ago, it was expected that this specialty insurance company would post earnings of $1.35 per share when it actually produced earnings of $1.72, delivering a surprise of 27.41%. Over the last four quarters ...

EXHIBIT 99.1 RLI REPORTS THIRD QUARTER 2024 RESULTS PEORIA, ILLINOIS, October 21, 2024 – 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. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Investors are always looking for stocks that are poised to beat at earnings season and RLI Corp. (RLI) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because RLI is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-todate information possible — is a pretty good indicator of som ...

Wall Street analysts expect RLI Corp. (RLI) to post quarterly earnings of $0.94 per share in its upcoming report, which indicates a year-over-year increase of 54.1%. Revenues are expected to be $420.71 million, up 20.1% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 1.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior t ...

Wall Street expects a year-over-year increase in earnings on higher revenues when RLI Corp. (RLI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers are better than e ...

RLI Corporation (RLI) shares are trading at a premium to the Zacks Property and Property Insurance industry. Its price-to-book of 4.39X is higher than the industry average of 1.59X. This company has a market capitalization of $7 billion. The average volume of shares traded in the last three months was 0.1 million. Image Source: Zacks Investment Research The stock is expensive compared with other players like The Travelers Companies Inc (TRV) , Cincinnati Financial (CINF) and W. R. Berkley Corporation (WRB) ...

The Zacks Property and Casualty (P&C) Insurance industry has been benefiting from increased exposure driving business growth, higher retention, streamlined operations, global presence, better pricing, solid underwriting and a strong capital position. With the ongoing economic expansion, insurers remain well-poised for growth. However, catastrophe events, both natural and man-made, might have weighed on underwriting profit. The industry has returned 26.1% year to date, outperforming the Zacks S&P 500 composi ...