Latest news with #RLICorp
Business Wire
19 hours ago
- Business
- Business Wire
RLI Second Quarter Earnings Release & Teleconference
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its second quarter 2025 earnings after market close on Monday, July 21, 2025. The company will hold its quarterly conference call to discuss second quarter results on Tuesday, July 22, 2025, at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at ABOUT RLI RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI's subsidiaries are rated A+ 'Superior' by AM Best Company. RLI has paid and increased regular dividends for 50 consecutive years and delivered underwriting profits for 29 consecutive years. To learn more about RLI, visit
Yahoo
25-05-2025
- Business
- Yahoo
Here's What We Like About RLI's (NYSE:RLI) Upcoming Dividend
Readers hoping to buy RLI Corp. (NYSE:RLI) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. Therefore, if you purchase RLI's shares on or after the 30th of May, you won't be eligible to receive the dividend, when it is paid on the 20th of June. The company's next dividend payment will be US$0.16 per share. Last year, in total, the company distributed US$2.60 to shareholders. Last year's total dividend payments show that RLI has a trailing yield of 3.5% on the current share price of US$74.86. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. RLI has a low and conservative payout ratio of just 19% of its income after tax. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. View our latest analysis for RLI Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. This is why it's a relief to see RLI earnings per share are up 7.4% per annum over the last five years. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, RLI has lifted its dividend by approximately 22% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Should investors buy RLI for the upcoming dividend? RLI has seen its earnings per share grow slowly in recent years, and the company reinvests more than half of its profits in the business, which generally bodes well for its future prospects. We think this is a pretty attractive combination, and would be interested in investigating RLI more closely. On that note, you'll want to research what risks RLI is facing. Case in point: We've spotted 1 warning sign for RLI you should be aware of. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
RLI Trading at a Premium to Industry: How Should You Play the Stock?
RLI Corp. RLI shares are trading at a premium to the Zacks Property and Casualty Insurance industry. Its price-to-book value of 4.28X is higher than the industry average of 1.49X and the Finance sector's 4.1X. However, its shares are trading at a discount to the Zacks S&P 500 Composite's of The Travelers Companies, Inc. TRV, Arch Capital Group Ltd. ACGL and Cincinnati Financial Corporation CINF are also trading at a multiple higher than the industry average. Image Source: Zacks Investment Research RLI shares have gained 0.6% in the past year compared with the industry, the Finance sector and the Zacks S&P 500 composite's return of 18.7%, 16.2% and 11%, respectively. Image Source: Zacks Investment Research With a market capitalization of $6.86 billion, the average volume of shares traded in the last three months was 0.4 at $74.83 on Thursday, the stock stands below its 52-week high of $91.14. The stock is trading below the 50-day and 200-day simple moving averages (SMA) of $76.04 and $78.11, respectively, indicating downward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Image Source: Zacks Investment Research The Zacks Consensus Estimate for RLI's 2025 earnings per share indicates a year-over-year increase of 3.4%. The consensus estimate for revenues is pegged at $1.78 billion, implying a year-over-year improvement of 6.5%. The consensus estimate for 2026 earnings per share and revenues indicates an increase of 3.2% and 5.9%, respectively, from the corresponding 2025 estimates. RLI's return on equity (ROE) has also been improving over the last few quarters, reflecting its efficiency in utilizing shareholders' funds. The trailing 12 months ROE was 16.2%, which compared favorably with the industry average of 7.7%. RLI continues to grow through product diversification. Its compelling product portfolio, focus on introducing new products, re-underwriting of several of its products, sturdy business expansion, sustained rate increase and expanded distribution position this insurer well to generate an improved top line. A conservative underwriting and reserving policy helps RLI achieve favorable reserve releases from the prior years despite incurring catastrophe is one of the industry's most profitable P&C writers, with an impressive track record of delivering 29 consecutive years of underwriting insurer has been enhancing shareholders' value by distributing wealth in the form of dividend hikes, special dividends and share buybacks. It boasts an impressive dividend track record. It has increased regular dividends in each of the last 50 years and paid special dividends since 2011, making the stock an attractive pick for yield-seeking investors. The insurer has been strengthening its balance sheet by improving liquidity and leverage. A sound capital structure helps it meet the interests of its policyholders, enhance operations in the insurance sector and drive its book value for the long term. RLI is one of the industry's most profitable P&C writers, with an impressive track record of delivering 29 consecutive years of underwriting profitability. A strong local branch office network, a broad range of product offerings, and a focus on specialty insurance lines should continue to contribute to its superior profitability. The stock's impressive dividend history makes it an attractive pick for yield-seeking investors. Given its premium valuation, it is prudent to wait for a better entry point for this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RLI Corp. (RLI) : Free Stock Analysis Report The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report Cincinnati Financial Corporation (CINF) : Free Stock Analysis Report Arch Capital Group Ltd. (ACGL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
13-05-2025
- Business
- Business Wire
RLI Increases Regular Dividend
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.16 per share, a 6.7% increase over the prior quarter. The dividend is payable on June 20, 2025, to shareholders of record as of May 30, 2025. RLI has increased dividends in each of the last 50 years. The company's dividend yield would be 0.86% based on the $0.64 indicated annual dividend and yesterday's closing stock price of $74.81. ABOUT RLI RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI's subsidiaries are rated A+ 'Superior' by AM Best Company. RLI has paid and increased regular dividends for 50 consecutive years and delivered underwriting profits for 29 consecutive years. To learn more about RLI, visit
Yahoo
21-04-2025
- Business
- Yahoo
RLI Corp (RLI) Q4 2024 Earnings Call Highlights: Strong Underwriting Profits and Special ...
Net Written Premium Growth: 12% growth for the year. Underwriting Profit Growth: 22% growth for the year. Operating Earnings: $0.41 per share for the fourth quarter. Combined Ratio: 94.4 for the fourth quarter; 86.2 for the full year. Gross Premiums Growth: 9% in the fourth quarter; 11% year-to-date. Net Earnings Per Share: $0.44 for the fourth quarter; $3.74 for the year. Casualty Segment Premium Growth: 18% in the fourth quarter. Casualty Combined Ratio: 97.9 for the calendar year. Surety Segment Growth: Flat in the quarter; 9% year-to-date. Property Segment Premium Change: Down 3% in the fourth quarter. Investment Income Growth: 19% rise contributing to operating earnings. Comprehensive Earnings: $3.66 per share. Book Value Per Share: $16.59, an increase of 24% from year-end 2023. Special Dividend: $2 per share, split adjusted. Warning! GuruFocus has detected 3 Warning Sign with RLI. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Release Date: January 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. RLI Corp (NYSE:RLI) reported its 29th consecutive year of underwriting profit, showcasing strong financial consistency. The company achieved a 12% growth in net written premium and a 22% growth in underwriting profits for the year. Operating earnings for the fourth quarter were $0.41 per share, supported by positive underwriting performance and a 19% rise in investment income. The casualty segment saw an 18% growth in premiums during the fourth quarter, driven by a 10% rate change in auto coverages. RLI Corp (NYSE:RLI) declared a special dividend of $2 per share, reflecting its strong capital management strategy and consistent financial performance. The combined ratio for the fourth quarter was 94.4, influenced by hurricane losses and additions to current accident year casualty reserves. The property segment experienced a 3% decline in gross premiums for the quarter, primarily due to increased competition and rate softening in the E&S property market. RLI Corp (NYSE:RLI) recorded a loss of $12.5 million from its investment in Prime due to reserve strengthening on prior accident years. The transportation and personal umbrella segments faced challenges with increased auto severity, prompting reserve additions to the current accident year. The equity portfolio underperformed the general market, partly due to a value-oriented portion of the allocation. Q: Can you provide a breakdown of the casualty reserves for the current accident year addition? Was it more driven by transportation or personal umbrella? A: Todd Bryant, CFO: The addition was fairly evenly split between transportation and personal umbrella, with about half attributed to each. Q: Regarding the transportation segment, what severity trends are you observing? A: Todd Bryant, CFO: We are assuming a loss trend of 10 to 11 points for auto-related exposures. This quarter's reserve addition was about three times the amount added in the fourth quarter of last year. Q: What is the strategic view on your investment in Prime? Will you maintain your current stake? A: Craig Kliethermes, CEO: We currently own about 25% of Prime and have reduced our participation in the quota share. We view it as a positive investment and will continue to evaluate our position. Q: With the 22% rate increase in personal umbrella due to loss severity, are there changes in your limit profile? A: Jennifer Klobnak, COO: Our limit profile has not changed significantly. We primarily offer a $1 million limit, with some higher limits available. We continue to underwrite carefully and monitor the book closely. Q: How do you approach capital returns, particularly regarding special dividends? A: Craig Kliethermes, CEO: We evaluate capital returns based on our financial position, AM Best benchmarks, and growth opportunities. Our approach remains consistent, focusing on maintaining an A+ rating and supporting growth. Q: How do you view the current competitive environment in the property segment, and how does it affect your strategy? A: Jennifer Klobnak, COO: The E&S property market is competitive, with some competitors offering larger limits. We focus on maintaining policy terms and conditions and are willing to walk away from underpriced business. Q: What are your thoughts on the potential impact of California wildfires on your business? A: Craig Kliethermes, CEO: We have minimal exposure to residential homeowners in California. While the wildfires may create opportunities in the E&S space, our focus remains on commercial lines. Q: Can you elaborate on the adverse development in the surety segment this quarter? A: Todd Bryant, CFO: The adverse development was about $1 million in our contract book, primarily from the 2021 and 2022 accident years. It is not indicative of a broader trend. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
