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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) 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.
RLI Corp. (NYSE: RLI) has declared a cash dividend of $0.25 per share for the second quarter, marking a $0.01 increase from the prior quarter. The dividend will be payable on June 18, 2021, to shareholders on record as of May 28, 2021. This marks the 46th consecutive year of dividend increases, contributing to a 0.90% dividend yield based on a $1.00 annual dividend and a closing stock price of $111.65. RLI Corp. is a specialty insurer with a solid track record of underwriting profits for 25 consecutive years.
RLI Corp. reported first quarter 2021 net earnings of $73.0 million ($1.60 per share), shifting from a net loss of $61.3 million (-$1.36 per share) in Q1 2020. Operating earnings rose to $39.6 million ($0.87 per share), compared to $29.8 million ($0.66 per share) last year. Underwriting income hit $29.9 million with a combined ratio of 86.9. Notably, gross premiums written increased by 20% and book value per share grew to $25.55. Despite challenges from winter storms, RLI aims to maintain underwriting profitability.
RLI Corp. has announced several leadership changes to enhance its operations and customer focus. Eric Raudins has been promoted to Senior VP of Transactional Insurance Solutions, overseeing personal and commercial products. Jill Johnson has taken on the role of VP of Personal Lines. Eric White is now VP of Commercial Transactional Insurance Solutions. Justin Doss has been appointed VP of Sales & Marketing for Transactional Insurance Solutions. Additionally, Kevin Horwitz has transitioned to VP of Innovation Management. These changes aim to drive growth and innovation within the company.
RLI Corp. (NYSE: RLI) has announced a first quarter regular cash dividend of $0.24 per share, consistent with the previous quarter. This dividend will be payable on March 19, 2021, to shareholders recorded by February 26, 2021. Notably, RLI has consistently increased its dividends for 45 years, offering a 0.92% dividend yield based on an annual payout of $0.96 at a closing stock price of $103.93. RLI is a specialty insurer with strong ratings, providing dedicated service across the property, casualty, and surety markets.
RLI Corp. reported a strong performance for Q4 and full year 2020, with net earnings rising to $83.8 million ($1.84 per share) from $53.4 million ($1.18 per share) in Q4 2019. Operating earnings increased to $34 million ($0.75 per share). The company achieved $27 million in underwriting income with a combined ratio of 88.0. Book value per share rose 22% to $25.16, and a special dividend of $1.00 was paid to shareholders. Despite facing challenges, RLI marked its 25th consecutive year of underwriting profit, demonstrating resilience and effective strategy execution.
RLI Corp. (NYSE: RLI) will release its fourth quarter 2020 earnings after market close on January 27, 2021. A conference call to discuss the results is scheduled for January 28, 2021, at 10 a.m. CST, available via webcast. As a specialty insurer, RLI Corp. serves niche markets and boasts an A+ rating from AM Best. The company has consistently paid increasing dividends for 45 consecutive years and maintained underwriting profits for 24 consecutive years.
RLI Corp. (NYSE: RLI) announced that AM Best has affirmed its A+ (Superior) financial strength rating for its subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company. Additionally, RLI's Long-Term Issuer Credit Rating (ICR) of 'a' was maintained, while its subsidiaries received ICRs of 'aa'. The ratings reflect RLI's strongest balance sheet strength, robust operating performance, favorable business profile, and strong enterprise risk management. Furthermore, RLI has consistently paid and increased dividends for 45 years.
RLI Corp. (NYSE: RLI) announced that Craig W. Kliethermes will succeed Jonathan E. Michael as CEO, effective January 1, 2022. Michael, who has served as CEO since 2001, will retire on December 31, 2021, but remain as Chairman of the Board. Kliethermes, with over 35 years of industry experience, has been with RLI since 2006 and was previously President and COO of RLI Insurance Company. The transition follows a multi-year succession plan, with both leaders emphasizing continuity and strong leadership for the future.
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