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RLI RLI

RLI Corp. 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 insurance subsidiaries are rated A+ (Superior) by AM Best Company. RLI has paid and increased regular dividends for 45 consecutive years and delivered underwriting profits for 25 consecutive years.

Company profile

Ticker
RLI
Exchange
NYSE
Website
www.rlicorp.com
CEO
Jonathan Michael
Employees
Incorporated
Delaware
Location
Illinois
Fiscal year end
Dec 31
Sector
Finance and Insurance > Direct Property and Casualty Insurance Carriers
Industry (SIC)
Fire, Marine & Casualty Insurance
Hartford Financial Services • Berkshire Hathaway • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American International • American Financial • Progressive ...
SEC CIK
0000084246
Corporate docs
IRS number
370889946

RLI stock data

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News

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Recap: RLI Q2 Earnings
21 Jul 21
Shares of RLI (NYSE:RLI) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 41.56% year over year to $1.09, which beat the estimate of $0.75.
RLI Q2 EPS $1.09 Beats $0.75 Estimate
21 Jul 21
RLI (NYSE:RLI) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $0.75 by 45.33 percent. This is a 41.56 percent increase over earnings of $0.77 per share from the same period
Insurance Stocks Moving In Friday's Intraday Session
16 Jul 21
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Press releases

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RLI Declares Regular Dividend
29 Jul 21
RLI Corp. (NYSE:RLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.25 per share, unchanged from the prior quarter. The dividend is payable on September 20,
RLI Reports Second Quarter 2021 Results
21 Jul 21
RLI Corp. (NYSE:RLI) – RLI Corp. reported second quarter 2021 net earnings of $81.8 million ($1.79 per share), compared to $92.2 million ($2.04 per share) for the second quarter of 2020. Operating earnings(1) for the
RLI Named to Ward's 50® Top-Performing Insurance Companies List for 31st Consecutive Year
20 Jul 21
RLI Corp. (NYSE:RLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward's 50® top-performing insurance companies list for the 31st consecutive year. RLI is one of only two companies that
RLI Second Quarter Earnings Release & Teleconference
7 Jul 21
RLI Increases Regular Dividend For 46th Consecutive Year
6 May 21

Calendar

23 Jul 21
3 Aug 21
31 Dec 21

Financial summary

Financial statements Chart RLI financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Financial data from RLI earnings reports.

Recent insider trades

RLI insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 21 Michael Jonathan E Stock Option Common Stock Grant Aquire A No No 108.07 7,000 756.49K 7,000
2 Aug 21 Jeffrey D Fick Stock Option Common Stock Grant Aquire A No No 108.07 2,000 216.14K 2,000
2 Aug 21 Bryant Todd Wayne Stock Option Common Stock Grant Aquire A No No 108.07 3,000 324.21K 3,000
29 Jul 21 Butler Calvin JR Common Stock Other Aquire J Yes No 109.55 119.808 13.12K 9,369.9
29 Jul 21 Fleming Susan S. Common Stock Other Aquire J Yes No 109.55 228.206 25K 3,514.052
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

RLI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.8% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 261 267 -2.2%
Opened positions 25 40 -37.5%
Closed positions 31 35 -11.4%
Increased positions 77 82 -6.1%
Reduced positions 98 97 +1.0%
13F shares
 Current Prev Q Change
Total value 4.61B 12.5B -63.1%
Total shares 37.87M 37.96M -0.2%
Total puts 1.5K 0 NEW
Total calls 3K 4.6K -34.8%
Total put/call ratio 0.5 – –
Largest owners
 Shares Value Change
BLK Blackrock 4.66M $519.45M +1.9%
STT State Street 4.57M $509.54M -1.0%
Vanguard 4.36M $486.92M +1.8%
Kayne Anderson Rudnick Investment Management 3.13M $348.96M +3.7%
Vaughan David Investments 2.05M $228.89M -0.0%
JPM JPMorgan Chase & Co. 1.89M $211.32M +0.8%
ATAC Neuberger Berman 1.86M $205.81M +0.4%
MKL Markel 1.2M $133.58M 0.0%
Van Berkom & Associates 1.1M $122.71M +3.0%
Dimensional Fund Advisors 883.83K $98.61M -5.6%
Largest transactions
 Shares Bought/sold Change
Norges Bank 0 -414.04K EXIT
Port Capital 819.42K +125.01K +18.0%
Kayne Anderson Rudnick Investment Management 3.13M +112.61K +3.7%
WFC Wells Fargo & Co. 607.1K +95.51K +18.7%
BLK Blackrock 4.66M +86.69K +1.9%
GS Goldman Sachs 560.81K -81K -12.6%
Vanguard 4.36M +78.64K +1.8%
Bragg Financial Advisors 140.1K +59.92K +74.7%
Dimensional Fund Advisors 883.83K -52.31K -5.6%
Geode Capital Management 638.78K +46.79K +7.9%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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Competition
Navigators • Cna • Chubb Limited • Arch Capital • Markel • Tiptree • Aspen • James River • Prosight Global • Kinsale Capital
Management Discussion
  • Consolidated revenue for the first half of 2021 increased $169.0 million from the first half of 2020. Net premiums earned for the Group increased 11 percent, driven by growth from our casualty and property segments, while performance in the equity portfolio varied significantly between the periods. Positive market performance resulted in $32.1 million of unrealized gains in our equity portfolio in 2021, while overall market declines resulted in $55.7 million of unrealized losses on equity securities in the first half of 2020. Investment income was down 5 percent compared to the prior year, as reinvestment rates declined during the first half of 2021. Realized gains during the first six months of 2021 were comprised of $48.9 million of realized gains on equity securities, primarily due to rebalancing within our equity strategies, $1.5 million of realized gains on the fixed income portfolio and $0.2 million of other realized losses. This compares to $12.8 million of realized gains on the equity portfolio, $2.6 million of realized gains on the fixed income portfolio and $2.4 million of other realized losses for the same period in 2020.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: bankruptcy, ease, meaningfully, opportunity, predominantly, slight, team, unfavorable
Removed: drove, intensely, large, leverage, previously, slowdown
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
23 Jul 21
10-Q
2021 Q1
Quarterly report
23 Apr 21
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
23 Oct 20
10-Q
2020 Q2
Quarterly report
24 Jul 20
10-Q
2020 Q1
Quarterly report
28 Apr 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19

Current reports

View all
8-K
Rli Declares Regular Dividend
29 Jul 21
8-K
Conference Call Transcript
23 Jul 21
8-K
Rli Reports Second Quarter 2021 Results
21 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
7 May 21
8-K
Rli Increases Regular Dividend for 46TH Consecutive Year
6 May 21
8-K
Conference Call Transcript
28 Apr 21
8-K
Rli Reports First Quarter 2021 Results
21 Apr 21
8-K
Rli Declares Regular Dividend
11 Feb 21
8-K
Conference Call Transcript
1 Feb 21
8-K
Rli Reports Fourth Quarter and Year-end 2020 Results
27 Jan 21

Registration and prospectus

View all
S-8
Registration of securities for employees
6 May 15
424B5
Prospectus supplement for primary offering
26 Sep 13
424B5
Prospectus supplement for primary offering
24 Sep 13
FWP
Free writing prospectus
24 Sep 13
S-3ASR
Automatic shelf registration
16 Dec 12
S-8
Registration of securities for employees
6 May 10
POS AM
Prospectus update (post-effective amendment)
26 Dec 05
S-8
Registration of securities for employees
30 May 05
S-8
Registration of securities for employees
28 Apr 05
S-8
Registration of securities for employees
27 Jul 04

Proxies

View all
DEFA14A
Additional proxy soliciting materials
30 Mar 21
DEF 14A
Definitive proxy
24 Mar 21
DEFA14A
Additional proxy soliciting materials
24 Mar 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEF 14A
Definitive proxy
26 Mar 20
PRE 14A
Preliminary proxy
5 Mar 20
DEF 14A
Definitive proxy
21 Mar 19
DEFA14A
Additional proxy soliciting materials
3 Apr 18

Other

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UPLOAD
Letter from SEC
19 Feb 13
CORRESP
Correspondence with SEC
5 Feb 13
UPLOAD
Letter from SEC
24 Jan 13
CORRESP
Correspondence with SEC
8 Jan 13
CORRESP
Correspondence with SEC
1 Jan 13
UPLOAD
Letter from SEC
17 Dec 12
UPLOAD
Letter from SEC
12 Dec 10
CORRESP
Correspondence with SEC
17 Oct 10
CORRESP
Correspondence with SEC
7 Oct 10
UPLOAD
Letter from SEC
19 Sep 10

Ownership

View all
4
RLI / Todd Wayne Bryant ownership change
2 Aug 21
4
RLI / JONATHAN E MICHAEL ownership change
2 Aug 21
4
RLI / JEFFREY D FICK ownership change
2 Aug 21
4
RLI / MICHAEL J STONE ownership change
2 Aug 21
4
RLI / Debbie Sharell Roberts ownership change
2 Aug 21
4
RLI / Susan S. Fleming ownership change
30 Jul 21
4
RLI / CALVIN BUTLER JR ownership change
30 Jul 21
4/A
RLI / JEFFREY D FICK ownership change
10 May 21
4
RLI / MICHAEL J STONE ownership change
10 May 21
4
RLI / Susan S. Fleming ownership change
10 May 21

Transcripts

View all
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
28 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
22 Apr 20
2019 Q4
Earnings call transcript
23 Jan 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19

Reddit threads

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