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RLI Corp. (Symbol: RLI) is a specialty insurance company offering a diverse range of property and casualty coverages, along with surety bonds, catering to niche or underserved markets. The company's core strength lies in combining profitable underwriting, solid investment returns, and effective capital management to ensure consistent, long-term growth in shareholder value.
Founded with a vision to exceed customer expectations, RLI provides tailor-made products that address demands where other insurance companies do not compete. This approach has allowed RLI to build a loyal customer base and achieve significant milestones in the insurance industry.
RLI's operations are extensive, with more than 850 employees spread across 50 locations in the United States. Their business model revolves around hiring the best talent in the industry and empowering them with the resources and autonomy to drive profitable growth. This strategy ensures that RLI remains at the forefront of innovation and customer satisfaction.
The company's insurance products are divided into three main segments: Casualty, Property, and Surety. The Casualty segment is the primary revenue driver, offering insurance in specialty admitted markets for unique risks and in excess and surplus markets for risks that cannot be covered in standard admitted markets. RLI distributes these products through its wholly-owned branch offices, targeting both wholesale and retail producers.
Recent achievements and ongoing projects at RLI Corp. reflect its commitment to growth and innovation. The company continually seeks opportunities to expand its product offerings and improve its service quality. Through strategic partnerships and a keen focus on market-driven products, RLI aims to surpass the expectations of its shareholders and maintain its position as a leader in the specialty insurance market.
For more information, please visit www.rlicorp.com.
RLI Corp. (NYSE: RLI) reported a robust performance for the first quarter of 2023, achieving net earnings of $98.8 million ($2.15 per share), a significant increase from $47.9 million ($1.05 per share) in the same quarter of 2022. Operating earnings also rose to $75.0 million ($1.63 per share), compared to $60.4 million ($1.32 per share) year-over-year. Key highlights include:
- 16% growth in gross premiums written
- 51% increase in net investment income, totaling $27.1 million
- Underwriting income of $67.9 million with a combined ratio of 77.9
- Book value per share increased to $28.62, marking a 12% growth from year-end 2022
The results reflect RLI's consistent underwriting profitability and effective investment strategies.
RLI Corp. (NYSE: RLI) has launched RLI Safety Solutions, a suite of safety consulting services tailored for small and midsized commercial transportation fleet operators. These services, available nationwide, include DOT compliance reviews, customized driver training programs, and safety evaluations. RLI Transportation President Dan Meyer emphasized that these solutions aim to enhance safety and compliance while managing risks for fleet operators. RLI is recognized for its niche property and casualty insurance, boasting A+ ratings from AM Best and a history of 47 years of increased regular dividends and 27 years of underwriting profits.
RLI Corp. (NYSE: RLI) has declared a first-quarter cash dividend of $0.26 per share, consistent with the previous quarter. This dividend is payable on March 20, 2023, to shareholders on record as of February 28, 2023. The company boasts a strong history, having increased dividends for the last 47 years, resulting in an annual dividend of $1.04 and a yield of 0.78% based on the last closing stock price of $133.50. RLI Corp. is a specialty insurer recognized for its underwriting expertise and exceptional service, with all subsidiaries rated A+ by AM Best.
RLI Corp. (NYSE: RLI) reported a strong performance in Q4 2022, with net earnings of $97.8 million ($2.13 per share), a rise from $95.3 million ($2.08 per share) in Q4 2021. Operating earnings also increased to $70.5 million ($1.53 per share) from $55.3 million ($1.21 per share) year-over-year. A 14% increase in gross premiums and a significant 59% rise in net investment income were noted. The company announced a special dividend of $7.00 per share, totaling $318.1 million returned to shareholders. For the year, net earnings were $434.4 million ($9.49 per share) following the sale of Maui Jim. RLI achieved an underwriting income of $178.2 million on an 84.4 combined ratio.
RLI Corp. (NYSE: RLI) will release its fourth quarter 2022 earnings on January 25, 2023, after market close. A conference call to discuss these results is scheduled for January 26, 2023, at 10 a.m. CST. RLI is a specialty insurer recognized for its strong underwriting expertise and superior service across niche property, casualty, and surety markets. The company maintains an A+ rating from AM Best and has a history of increased dividends for 47 consecutive years and underwriting profits for 26 years.
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