Core Insights - RLI Corp. reported fourth-quarter 2024 operating earnings of 41 cents per share, missing the Zacks Consensus Estimate by 14.5% and reflecting a 46.8% decrease from the prior-year quarter [1] - The quarterly results were influenced by higher premiums and improved investment income, but were partially offset by increased expenses and poor underwriting income [1] Operational Performance - Operating revenues for the quarter were $436 million, up 15.3% year over year, driven by higher net premiums earned and net investment income, matching the Zacks Consensus Estimate [2] - Gross premiums written increased 9% year over year to $473.2 million, attributed to strong performance in the Casualty segment, which rose 18.3% [2] Investment Income and Expenses - Net investment income rose 19% year over year to $38.8 million, exceeding both the Zacks Consensus Estimate and the company's estimate of $38.1 million [3] - Total expenses increased 29.6% year over year to $379.2 million, primarily due to higher loss and settlement expenses, policy acquisition costs, and interest expense on debt [3] Underwriting Performance - Underwriting income decreased 62.8% year over year to $22.2 million, with the combined ratio deteriorating by 1,170 basis points to 94.4 [4] Full-Year Highlights - For the full year, operating earnings were $2.87 per share, up 16.2% from the prior year [5] - Operating revenues totaled $1.7 billion, an 18% increase year over year, with net premiums earned rising 17.9% to $1.53 billion [5] - Underwriting income increased 21.6% to $210.7 million, with the combined ratio improving by 40 basis points to 86.2 [5] Financial Update - RLI ended the quarter with total investments and cash of $4.1 billion, an 11.1% increase from the end of 2023 [6] - Book value per share was $16.59 as of December 31, 2024, up 7.1% from the previous year [6] - Net cash flow from operations was $560.2 million, a 21% year-over-year increase [6] - The statutory surplus rose 17.6% to $1.8 billion as of December 31, 2024 [6] - Return on equity was 21.7%, down 640 basis points from the year-ago period [6] Dividend Update - RLI paid a special dividend of $2.00 per share for the fourth quarter, with total shareholder returns amounting to $183.5 million [7] - The company has consistently paid dividends for 194 consecutive quarters and has increased regular dividends for the last 49 years [7][8] Industry Comparison - The Travelers Companies reported fourth-quarter 2024 core income of $9.15 per share, beating the Zacks Consensus Estimate by 39.3% and improving 30.5% year over year [10] - Travelers' total revenues increased 10.4% year over year to $11.9 billion, surpassing the Zacks Consensus Estimate by 1% [10]

Core Insights - RLI Corp. reported revenue of $435.95 million for the quarter ended December 2024, reflecting a year-over-year increase of 15.2% [1] - The company's EPS was $0.41, down from $0.77 in the same quarter last year, indicating a decline in profitability [1] - Revenue slightly missed the Zacks Consensus Estimate of $436.37 million, resulting in a surprise of -0.10% [1] - The EPS also fell short of the consensus estimate of $0.48, leading to an EPS surprise of -14.58% [1] Financial Performance Metrics - Net operating expenses were reported at 37.6%, better than the five-analyst average estimate of 38.6% [4] - Net loss and settlement expenses totaled 56.8%, compared to the five-analyst average estimate of 57.9% [4] - Underwriting income (loss) was at 94.4%, slightly below the average estimate of 96.5% [4] - Net premiums earned reached $397.18 million, which is a year-over-year increase of 14.8% but below the five-analyst average estimate of $398.26 million [4] - Net investment income was $38.78 million, exceeding the average estimate of $38.11 million, representing a year-over-year change of 19.1% [4] Segment Performance - Net premiums earned in the Property segment were $134.61 million, slightly below the estimated $136.52 million but showing a year-over-year increase of 16.1% [4] - Net premiums earned in the Surety segment were $36.74 million, below the estimate of $38.22 million, with a year-over-year increase of 8.1% [4] - Net premiums earned in the Casualty segment were $225.82 million, surpassing the average estimate of $223.17 million, reflecting a year-over-year increase of 15.2% [4] Stock Performance - RLI Corp.'s shares have returned -6.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

RLI Corp. (RLI) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.58%. A quarter ago, it was expected that this specialty insurance company would post earnings of $0.49 per share when it actually produced earnings of $0.66, delivering a surprise of 34.69%.Over the last four quarters ...

Financial Performance - RLI Corp. reported Q4 2024 net earnings of $40.9 million ($0.44 per share), down from $114.6 million ($1.24 per share) in Q4 2023[1][3] - Operating earnings for Q4 2024 were $38.4 million ($0.41 per share), compared to $71.1 million ($0.77 per share) in the same period of 2023[1][3] - Comprehensive loss for Q4 2024 was $26.3 million (-$0.28 per share), compared to comprehensive earnings of $216.2 million ($2.35 per share) in Q4 2023[13] - Net earnings for Q4 2024 decreased by 64.3% to $40,860 thousand, while full year net earnings increased by 13.5% to $345,779 thousand[32] Underwriting and Premiums - Gross premiums written increased by 11% to surpass $2 billion for the first time, with all product segments contributing to this growth[4] - Underwriting income for Q4 2024 was $22.2 million on a combined ratio of 94.4, compared to $59.8 million on an 82.7 combined ratio in Q4 2023[6][8] - For the full year 2024, RLI achieved $210.7 million of underwriting income on an 86.2 combined ratio, compared to $173.2 million on an 86.6 combined ratio in 2023[7][10] - Net premiums earned increased by 14.8% to $397,176 thousand for Q4 2024, and by 17.9% to $1,526,406 thousand for the full year 2024[32] - Gross premiums written for Q4 2024 reached $473,210,000, an increase of 8.9% from $434,360,000 in Q4 2023[38] - The gross premiums written for the twelve months ended December 31, 2024, were $2,013,048,000, a rise of 11.5% from $1,806,660,000 in 2023[38] Investment Income - Net investment income for Q4 2024 increased by 19% to $38.8 million, with full-year net investment income at $142.3 million, up from $120.4 million in 2023[12] - Net investment income rose by 19.1% to $38,776 thousand in Q4 2024, and by 18.2% to $142,278 thousand for the full year 2024[32] Shareholder Returns - RLI returned $236 million to shareholders through special and regular dividends, including a special dividend of $2.00 per share[4][15] - The company has paid dividends for 194 consecutive quarters and increased regular dividends for 49 consecutive years[15] - Cash dividends per share increased by 7.4% to $0.145 for ordinary dividends and doubled to $2.00 for special dividends[32] Assets and Liabilities - Total assets grew by 8.7% to $5,628,802 thousand as of December 31, 2024[36] - Total liabilities rose by 9.0% to $4,106,835 thousand[36] - The company reported a significant increase in equity securities at fair value, up 24.8% to $736,191 thousand[36] Operating Expenses - Loss and settlement expenses surged by 54.0% to $225,512 thousand in Q4 2024, and by 22.3% to $739,253 thousand for the full year 2024[32] - Net operating expenses for the total segment in Q4 2024 were $149,422,000, which is 37.6% of net premiums earned, compared to 40.4% in Q4 2023[38] - The net operating expenses for the twelve months ended December 31, 2024, were $576,500,000, which is 37.8% of net premiums earned, compared to 39.9% in 2023[38] Ratios and Performance Metrics - The net loss and settlement expenses ratio for the total segment in Q4 2024 was 56.8%, compared to 42.3% in Q4 2023, indicating a significant increase in loss ratios[38] - The net loss and settlement expenses for the twelve months ended December 31, 2024, were $739,253,000, with a total ratio of 48.4%[38] - The underwriting income (loss) for Q4 2024 was $22,242,000, a significant improvement from a loss of $59,847,000 in Q4 2023[38]

RLI Corp. (RLI) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Jan. 16, 2025, was $77.83, down 14.6% from its 52-week high of $91.14.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.With a market capitalization of $7.13 billion, RLI is set to gain from business expansion, rate increase, ...

In its upcoming report, RLI Corp. (RLI) is predicted by Wall Street analysts to post quarterly earnings of $0.95 per share, reflecting a decline of 38.3% compared to the same period last year. Revenues are forecasted to be $436.37 million, representing a year-over-year increase of 15.3%.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pr ...

Wall Street expects a year-over-year decline in earnings on higher revenues when RLI Corp. (RLI) reports results for the quarter ended December 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 22. On ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering RLI Corp. (RLI) , which belongs to the Zacks Insurance - Property and Casualty industry.This specialty insurance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 30.54%.For the last reported quarter, RLI Corp. Came out with ...

Shares of RLI Corp. (RLI) have gained 17.9% in six months, outperforming the industry’s 11.4% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector’s return of 11.1% and 8.1%, respectively, in six months. With a market capitalization of $7.64 billion, the average volume of shares traded in the last three months was 0.1 million.RLI Outperforms Industry, Sector, S&P in 6 MonthsImage Source: Zacks Investment ResearchThis property and casualty insurer has a solid track record ...

Core Viewpoint - RLI Corp. has shown strong performance in its recent earnings report, with significant increases in operating earnings and revenues, indicating a robust underwriting-focused business model and a diversified portfolio [2][3]. Financial Performance - RLI Corp. reported Q3 2024 operating earnings of $1.31 per share, exceeding the Zacks Consensus Estimate by 33.7% and more than doubling year-over-year [2]. - Operating revenues reached $426 million, a 1.4% increase year-over-year, driven by a 22.3% rise in net premiums earned and a 14.8% increase in net investment income [3]. - Gross premiums written increased by 13% year-over-year to $563.4 million, with notable growth in the Casualty (up 15.7%), Property (up 9.6%), and Surety segments (up 9%) [3]. - Net investment income rose 15% year-over-year to $36.7 million, while total expenses increased by 11.3% to $354.4 million due to various operational costs [4]. Underwriting and Ratios - Underwriting income surged to $40.7 million from $4.2 million in the previous year, with the combined ratio improving by 910 basis points to 89.6 [5]. Financial Update - As of September 30, 2024, RLI had total investments and cash of $4.2 billion, a 14.9% increase from the end of 2023, and a book value of $38.17 per share, up 26% [6]. - Net cash flow from operations was $219.4 million, reflecting a 122.5% year-over-year increase, while the statutory surplus rose 18.8% to $1.8 billion [6]. Dividend Information - RLI paid a dividend of 29 cents on September 20, 2024, with cumulative dividends exceeding $822 million over the last five years [7]. Market Sentiment and Estimates - Recent estimates for RLI have shown a downward trend, with the consensus estimate shifting down by 37.38% [8][9]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [12]. Industry Comparison - RLI Corp. operates within the Zacks Insurance - Property and Casualty industry, where another player, Travelers, reported revenues of $11.85 billion, reflecting a year-over-year increase of 10.7% [13]. - Travelers is projected to post earnings of $6.28 per share for the current quarter, indicating a year-over-year decline of 10.4%, with a Zacks Rank 2 (Buy) [14].