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. (NYSE: RLI) has promoted two experienced leaders to enhance its executive team. Brian A. Schick is now Vice President, Surety, overseeing the Contract, Miscellaneous, and Commercial Surety business. He has 27 years of industry experience. Thomas J. Ward has been elevated to Vice President, Risk Services, bringing 37 years of insurance expertise. RLI President & COO Craig Kliethermes expressed confidence in their ability to drive the company's growth and success, given their proven leadership and commitment.
RLI Corp. (NYSE: RLI) has had its A+ (Superior) financial strength rating affirmed by AM Best for its insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. Additionally, the Long-Term Issuer Credit Ratings of 'a' for RLI Corp. and 'aa' for its subsidiaries were confirmed. AM Best cited RLI's strong balance sheet, operating performance, favorable business profile, and effective enterprise risk management as key factors in the decision.
RLI Corp. (NYSE: RLI) has declared a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.25 per share, both payable on December 20, 2021. The special dividend totals approximately $90 million, reflecting RLI's strong performance and commitment to returning capital to shareholders. In 2021, RLI returned $135 million to shareholders, contributing to a total of over $1.1 billion returned over the past decade. RLI has paid increasing dividends for 46 consecutive years, underscoring its financial strength.
RLI Corp. (NYSE: RLI) has appointed Craig W. Kliethermes as President and CEO, and Jennifer L. Klobnak as COO, effective January 1, 2022. This leadership change follows the retirement of Jonathan E. Michael, current Chairman & CEO. Kliethermes brings 36 years of insurance experience, while Klobnak has 21 years. Under Michael's 20-year leadership, RLI diversified its product portfolio, achieving 20 consecutive years of underwriting profit and significant returns for shareholders, outperforming S&P indexes.
RLI Corp. reported Q3 2021 net earnings of $29.2 million ($0.64 per share), down from $42.4 million ($0.93 per share) in Q3 2020. Operating earnings increased to $29.8 million ($0.65 per share) compared to $19.0 million ($0.42 per share) year-over-year. Highlights include an 18% rise in gross premiums written and a combined ratio of 94.6 despite losses from Hurricane Ida. Net investment income rose by 7.9% to $17.8 million, while comprehensive earnings fell to $17.0 million from $51.9 million a year earlier. The company sustained a $0.25 dividend, maintaining its dividend payout record.
RLI Corp. (NYSE: RLI) will release its third quarter 2021 earnings on October 20, 2021, after market close. A conference call to discuss results is scheduled for October 21, 2021, at 10 a.m. CDT. The company estimates pretax catastrophe losses between $30 million to $35 million for the quarter, primarily due to Hurricane Ida and other events. Loss estimates may change as claims data evolves. RLI has maintained a strong financial track record, paying increased dividends for 46 consecutive years and achieving underwriting profits for 25 years.
RLI Corp. (NYSE: RLI) has announced a third quarter dividend of $0.25 per share, consistent with the previous quarter. The dividend is payable on September 20, 2021, to shareholders of record as of August 31, 2021. The company has a strong history of increasing dividends, achieving this for 46 consecutive years. RLI's dividend yield stands at 0.93%, based on an annual dividend of $1.00 and a closing stock price of $107.27.
RLI Corp. reported a net earnings decrease to $81.8 million ($1.79 per share) in Q2 2021, down from $92.2 million ($2.04 per share) in Q2 2020. However, operating earnings rose to $49.9 million ($1.09 per share) from $34.8 million ($0.77 per share) in the previous year. The company achieved a combined ratio of 84.8 and a 25% increase in gross premiums written. Book value per share increased by 11% to $27.46. RLI also announced a quarterly dividend increase, marking the 46th consecutive year of dividend growth.
RLI Corp. (NYSE: RLI) will release its second quarter 2021 earnings after the market closes on July 21, 2021. A conference call to discuss these results is scheduled for July 22, 2021, at 10 a.m. CDT, accessible via a webcast. RLI Corp. specializes in niche property, casualty, and surety insurance markets, having a strong track record with 46 consecutive years of increased dividends and 25 years of underwriting profits. All subsidiaries are rated A+ by AM Best.
