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RLI(RLI) - 2024 Q2 - Quarterly Results
2024-07-22 20:22
EXHIBIT 99.1 PEORIA, ILLINOIS, July 22, 2024 – 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. Highlights for the quarter included: ● Underwriting income(1) of $70.0 million on a combined ratio(1) of 81.5. ● ...
RLI Corp. (RLI) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-15 15:06
The market expects RLI Corp. (RLI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Zacks Consensus Estimate Estimate Revisions Trend Earnings Whisper Thus, a positive or negative Earnings ESP reading theoretically indi ...
Reasons Why Investors Should Consider Buying RLI Stock Now
ZACKS· 2024-07-09 13:51
RLI Corp.'s (RLI) strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity make it worth adding to one's portfolio. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 3.8% and 9.2%, respectively, from the corresponding 2024 estimates. Estimate Revision The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1.9% and 2.7% north, respectively, in the past 60 days. This should instill investors' confidence in ...
What Makes RLI Corp. (RLI) a New Strong Buy Stock
ZACKS· 2024-06-17 17:01
Investors might want to bet on RLI Corp. (RLI) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. In ...
Reasons Why You Should Add RLI Stock to Your Portfolio Now
ZACKS· 2024-06-10 13:50
The Zacks Consensus Estimate for PLMR's 2024 and 2025 earnings implies year-over-year growth of 25.7% and 17.8%, respectively. NMI Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 8.60%. In the past year, NMIH has jumped 25.6%. The Zacks Consensus Estimate for NMIH's 2024 and 2025 earnings implies year-over-year growth of 10.6% and 7.6%, respectively. RLI Corp. (RLI) is well-poised to gain from a compelling product portfolio, rate incre ...
RLI Corp. (RLI) Up 1% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-22 16:31
A month has gone by since the last earnings report for RLI Corp. (RLI) . Shares have added about 1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is RLI Corp. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. RLI's Q1 Earnings Top Estimates on Strong Segmental Res ...
RLI(RLI) - 2024 Q1 - Quarterly Report
2024-04-24 19:00
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 March 31, 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 (I.R.S. Employer I ...
RLI(RLI) - 2024 Q1 - Earnings Call Transcript
2024-04-23 18:57
RLI Corporation (NYSE:RLI) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Aaron Diefenthaler - CIO & Treasurer Craig Kliethermes - President, CEO & Director Todd Bryant - CFO Jen Klobnak - COO Conference Call Participants Charles Peters - Raymond James & Associates Andrew Andersen - Jefferies Scott Heleniak - RBC Capital Markets Fiona Diamond - William Blair & Company Operator Good morning, and welcome to the RLI Corp. First Quarter Earnings Teleconference. After management ...
RLI(RLI) - 2024 Q1 - Quarterly Results
2024-04-22 20:19
EXHIBIT 99.1 RLI REPORTS FIRST QUARTER 2024 RESULTS PEORIA, ILLINOIS, April 22, 2024 – 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 Sh ...
RLI(RLI) - 2023 Q4 - Annual Report
2024-02-23 16:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 other jurisdiction of incorporation or orga ...