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RLI Stock Rises 31.5% Year to Date: More Room for Growth?
ZACKS· 2024-11-15 16:05
Shares of RLI Corp. (RLI) have rallied 31.5% year to date (YTD), outperforming the industry's 31% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 25.9% and 21.6%, respectively, YTD. With a market capitalization of $8.02 billion, the average volume of shares traded in the last three months was 0.1 million. RLI Outperforms Industry, Sector & S&P YTD Image Source: Zacks Investment Research Shares of RLI closed at $175.07 on Thursday, near its 52-week high of ...
RLI's Board Okays Special Cash Dividend to Share More Profit
ZACKS· 2024-11-08 17:16
RLI Corp.'s (RLI) board of directors approved a special cash dividend of $4.00 per share. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks the 15th straight special dividend. RLI expects to pay $183 million as a special dividend. Concurrently, the board of directors announced a regular quarterly cash dividend of 29 cents per share. The special and the quarterly dividends will be paid out on Dec. 20 to shareholders of record as of Nov. 29, 2024. ...
RLI Corp: A Resilient Dividend Champion Navigating 2024 With Strong Underwriting And Growth Potential
Seeking Alpha· 2024-10-25 12:35
The CrickAnt is an actuary for an insurance company utilizing his work experience to do analysis on insurance and reinsurance companies. He is a contributing author to the investing group Cash Flow Club where along with Darren McCammon and Jonathan Weber, they focus on company cash flows and their access to capital. Core features of the Cash Flow Club include: access to the leader's personal income portfolio targeting 6%+ yield, community chat, the "Best Opportunities" List, performance transparency and cov ...
RLI(RLI) - 2024 Q3 - Quarterly Report
2024-10-23 18:39
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09463 RLI Corp. (Exact name of registrant as specified in its charter) Delaware 37-0889946 (State or othe ...
RLI(RLI) - 2024 Q3 - Earnings Call Transcript
2024-10-23 01:58
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's Stock Gains Following Q3 Earnings and Revenue Beat
ZACKS· 2024-10-22 17:50
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, ...
Compared to Estimates, RLI Corp. (RLI) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-21 23:31
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) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-10-21 22:26
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 ...
RLI(RLI) - 2024 Q3 - Quarterly Results
2024-10-21 20:20
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. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...
Why RLI Might Surprise This Earnings Season
ZACKS· 2024-10-17 14:40
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 ...