Headquartered in Peoria, IL Fiscal year ends December NYSE: RLI rlicorp.com
RLI Corp. (NYSE: RLI) is a specialty property and casualty insurer focused on niche markets across property, casualty, and surety lines. The company provides underwriting expertise and service to both commercial and personal lines customers nationwide through its insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. All three subsidiaries carry an A++ (Superior) rating from AM Best Company. RLI has delivered underwriting profits for 30 consecutive years and has paid and increased regular dividends for 51 consecutive years, reflecting a disciplined approach to risk selection and capital management. Updated
Consensus was braced for a weak quarter and got an 86.2 combined ratio instead, with favorable prior-year reserve development flowing straight to underwriting income. That is a fourth straight quarter past estimates, and Wells Fargo went in Underweight with a $51 target.
A six-quarter EPS beat streak goes on the line at 4:10 PM ET, with consensus at $0.51 and $467.1 million in revenue. The last four reports cleared estimates by 6% to 19%, so anything in line would read as a slowdown in specialty and excess-and-surplus pricing.
267 companies report next week, and Monday alone stacks regional banks, steel and mortgage REITs into one session. Cleveland-Cliffs and Fifth Third go before the open, with Steel Dynamics and AGNC after the close, setting the credit and industrial tone for the rest of the week.
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RLI Corp. (NYSE: RLI) is a specialty property and casualty insurer focused on niche markets across property, casualty, and surety lines. The company provides underwriting expertise and service to both commercial and personal lines customers nationwide through its insurance subsidiaries — RLI Insurance Company, Mt.
24/7 Wall St.'s 12-month price target for RLI is $77.23, rated Buy. The Wall Street consensus target is $58.25. RLI price prediction →
