Welcome to our dedicated page for RLI news (Ticker: RLI), a resource for investors and traders seeking the latest updates and insights on RLI stock.
RLI Corp (RLI) is a specialty insurance leader providing niche property & casualty solutions for underserved markets. This news hub aggregates official press releases and verified updates about corporate developments, financial performance, and strategic initiatives.
Investors and industry professionals will find timely information on quarterly earnings, product innovations, and leadership changes, along with analysis of market trends impacting specialty insurance sectors. The curated collection includes updates on casualty underwriting, surety bond offerings, and capital management strategies.
Key content categories cover financial results announcements, acquisition activity, underwriting excellence milestones, and industry recognition. All materials are sourced directly from RLI's corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to RLI's evolving story in specialty risk solutions. Regular updates provide insights into how the company maintains its position through expert underwriting and disciplined portfolio management.
RLI Corp. reported strong third quarter 2024 results, with net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) in Q3 2023. Key highlights include:
- Underwriting income of $40.7 million on a combined ratio of 89.6
- 13% increase in gross premiums written
- 15% increase in net investment income
- $18.1 million net increase in underwriting income from favorable development in prior years' loss reserves
- $32.7 million net decrease in underwriting income due to Hurricanes Beryl and Helene
- Book value per share of $38.17, up 26% from year-end 2023
The company achieved solid results across its diversified portfolio, maintaining financial strength despite recent hurricane activity.
RLI Corp. (NYSE: RLI) has announced the schedule for its third quarter 2024 earnings release and teleconference. The company will release its Q3 2024 earnings after market close on Monday, October 21, 2024. Following the release, RLI Corp. will host a quarterly conference call on Tuesday, October 22, 2024, at 10 a.m. CDT to discuss the results. Interested parties can access the webcast of the conference call through Q4 at the provided link: https://events.q4inc.com/attendee/811172831. This announcement provides shareholders and analysts with the opportunity to prepare for the upcoming financial disclosure and participate in the discussion of RLI Corp.'s performance.
RLI Corp. (NYSE: RLI) announced that its Board of Directors has declared a third-quarter regular cash dividend of $0.29 per share, consistent with the previous quarter. The dividend will be paid on September 20, 2024, to shareholders of record as of August 30, 2024. This marks the 49th consecutive year that RLI has increased its dividends. Based on the indicated annual dividend of $1.16, RLI's dividend yield stands at 0.79%, with the stock closing at $146.55 on the previous day.
RLI Corp. reported strong Q2 2024 results with net earnings of $82.0 million ($1.78 per share), up from $77.7 million in Q2 2023. Key highlights include:
- Underwriting income of $70.0 million with an 81.5 combined ratio
- 11% increase in gross premiums written
- 18% increase in net investment income to $34.0 million
- Favorable development in prior years' loss reserves, adding $19.8 million to underwriting income
- Book value per share up 14% to $34.64 from year-end 2023
The company achieved balanced growth across its portfolio, with strong performance in casualty and surety segments. RLI's underwriting-focused business model and diversified portfolio contributed to its success. The company also increased its quarterly dividend to $0.29 per share.
RLI Corp. (NYSE: RLI) announced that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 34th consecutive year. RLI is the only company to have been included every year since the list's inception in 1991. This recognition underscores the company’s financial strength, stability, and consistent superior performance. According to RLI Corp. President & CEO Craig Kliethermes, this achievement is attributed to the support of customers, producers, and dedicated team members. Ward benchmarking, a unit of Aon, recognizes U.S. property-casualty insurance companies that demonstrate superior performance over a five-year period. The latest results cover the years 2019-2023. More details and the full list of 2024 winners can be found at ward.aon.com.
RLI Corp. (NYSE: RLI) will release its second quarter 2024 earnings after market close on Monday, July 22, 2024. The company has scheduled a quarterly conference call to discuss the results on Tuesday, July 23, 2024, at 10 a.m. CDT. The call will be webcast by Q4 and can be accessed at the provided link.
RLI Corp announced the promotion of Deb Millum as Vice President, Claim, overseeing product claims. Millum brings 30 years of insurance claim and legal experience to the role, holding a Juris Doctorate degree and a Bachelor of Science. RLI sees her as a valuable addition to their claim leadership team.
RLI Corp. (NYSE: RLI) has announced a $0.02 increase in its regular cash dividend, marking the 49th consecutive year of dividend increases. The dividend of $0.29 per share is payable on June 20, 2024, to shareholders of record as of May 31, 2024. With a dividend yield of 0.81% based on the indicated annual dividend of $1.16 and yesterday's closing stock price of $143.25, RLI continues its long-standing tradition of dividend growth.
