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 ...

Shares of RLI Corp. (RLI) closed at $151.38 on Friday, near its 52-week high of $155.59. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Technical indicators for RLI show that the stock is trading above its 50-day and 200-day moving averages, signaling strong upward momentum. Earnings of RLI grew 18.7% in the last five years, better than the industry average of 10.5%. RLI has a solid surprise history. It surpassed earnings estimates in each of the last ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth s ...