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 ...

Core Viewpoint - RLI Corp. is positioned to potentially continue its earnings-beat streak, supported by a strong history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 30.54% [1] Earnings Performance - In the last reported quarter, RLI Corp. achieved earnings of $1.31 per share, surpassing the Zacks Consensus Estimate of $0.98 per share by 33.67% [2] - In the previous quarter, the company reported earnings of $1.72 per share against an expected $1.35 per share, resulting in a surprise of 27.41% [2] Earnings Estimates - There has been a favorable change in earnings estimates for RLI Corp., with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4] - The current Earnings ESP for RLI Corp. is +13.92%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [7] Zacks Rank and Predictive Power - RLI Corp. holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates, with historical data showing nearly 70% success in such cases [5][7] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions, which are often more accurate [6]

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].

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 ...

Core Insights - RLI Corp. reported third-quarter 2024 operating earnings of $1.31 per share, exceeding the Zacks Consensus Estimate by 33.7% and more than doubling year-over-year [1] - The company's stock rose 1.2% in after-market trading, reflecting its strong performance [1] RLI's Operational Performance - Operating revenues for the quarter were $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, surpassing the Zacks Consensus Estimate of $420 million [2] - Gross premiums written rose 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%) [2] - Net investment income increased 15% year-over-year to $36.7 million, although it fell short of the estimate of $39.1 million [2] - Total expenses rose 11.3% year-over-year to $354.4 million, attributed to higher loss and settlement expenses, policy acquisition costs, and general corporate expenses [2] Underwriting Performance - Underwriting income surged to $40.7 million from $4.2 million in the prior year [3] - The combined ratio improved by 910 basis points year-over-year to 89.6, significantly better than the Zacks Consensus Estimate of 96 [3] Financial Update - RLI's total investments and cash reached $4.2 billion, a 14.9% increase from the end of 2023 [4] - Book value per share was $38.17 as of September 30, 2024, reflecting a 26% increase from December 31, 2023 [4] - Net cash flow from operations was $219.4 million, up 122.5% year-over-year [4] - The statutory surplus increased by 18.8% to $1.8 billion as of September 30, 2024 [4] - Return on equity was 38.4%, up 1810 basis points from the previous year [4] Dividend Update - RLI paid a dividend of 29 cents on September 20, 2024, with cumulative dividends exceeding $822 million over the last five years [5] Industry Performance - The Travelers Companies reported third-quarter 2024 core income of $5.24 per share, beating the Zacks Consensus Estimate by 38.2% [6] - Travelers' total revenues increased 10.7% year-over-year to $11.84 billion, driven by higher premiums and net investment income [6] - Progressive Corporation's third-quarter 2024 earnings per share of $3.97 exceeded the Zacks Consensus Estimate of $3.40, with operating revenues improving 24.9% year-over-year to $19.5 billion [7] - W.R. Berkley Corporation reported third-quarter 2024 operating income of 93 cents per share, beating the Zacks Consensus Estimate by 1.1% [8]

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 -- ...

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 ...

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) ...