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

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

American International • Berkshire Hathaway • Hartford Financial Services • Allstate Corp (The) • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive ...

SEC CIK

0000084246

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

RLI Insurance Company • Mt. Hawley Insurance Company • RLI Underwriting Services, Inc. • Safe Fleet Insurance Services, Inc. • Data & Staff Service Co. • Contractors Bonding and Insurance Company ...

IRS number

370889946

RLI stock data

1M 1Y 5Y

News

From Benzinga Pro

Insurance Stocks Moving In Wednesday's Intraday Session

27 Jul 22

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

RLI Q2 EPS $1.49 Beats $1.02 Estimate

20 Jul 22

RLI (NYSE:RLI) reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.02 by 46.08 percent. This is a 36.7 percent increase over earnings of $1.09 per share from the same period

Earnings Scheduled For July 20, 2022

20 Jul 22

Companies Reporting Before The Bell • Wipro (NYSE:WIT) is projected to report quarterly earnings at $0.08 per share on revenue of $2.80 billion.

RLI Earnings Preview

19 Jul 22

Benzinga's Top Ratings Upgrades, Downgrades For June 7, 2022

7 Jun 22

Press releases

From Benzinga Pro

RLI Reports Second Quarter 2022 Results

20 Jul 22

RLI Corp. (NYSE:RLI) – RLI Corp. reported second quarter 2022 net loss of $2.2 million (-$0.05 per share), compared to net earnings of $81.8 million ($1.79 per share) for the second quarter of 2021. Operating

RLI Named to Ward's 50® Top Performing Insurance Companies List For 32nd Consecutive Year

11 Jul 22

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 32nd consecutive year. RLI is one of only two companies that

RLI Second Quarter Earnings Release & Teleconference

11 Jul 22

RLI Corp. (NYSE:RLI) – RLI Corp. announced today that it will release its second quarter 2022 earnings after market close on Wednesday, July 20, 2022. The company will hold its quarterly conference call to discuss

Calendar

22 Jul 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart RLI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	113.04M	113.04M	113.04M	113.04M	113.04M	113.04M
Cash burn (monthly)	(no burn)	(no burn)	2.18M	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	3.13M	n/a	n/a	n/a
Cash remaining	n/a	n/a	109.92M	n/a	n/a	n/a
Runway (months of cash)	n/a	n/a	50.3	n/a	n/a	n/a

Beta Read what these cash burn values mean

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
1 Aug 22	Jeffrey D Fick	Stock Option Common Stock	Grant	Acquire A	No	No	110.56	3,750	414.6K	3,750
1 Aug 22	Bryant Todd Wayne	Stock Option Common Stock	Grant	Acquire A	No	No	110.56	8,500	939.76K	8,500
29 Jul 22	Roberts Debbie Sharell	Common Stock	Other	Acquire J	Yes	No	109.98	227.314	25K	7,072.065
29 Jul 22	Fleming Susan S.	Common Stock	Other	Acquire J	Yes	No	109.98	227.314	25K	5,217.26
29 Jul 22	Butler Calvin JR	Common Stock	Other	Acquire J	Yes	No	109.98	119.34	13.13K	10,115.135

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

RLI institutional ownership history Ownership history

79.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	300	290	+3.4%
Opened positions	36	45	-20.0%
Closed positions	26	22	+18.2%
Increased positions	96	102	-5.9%
Reduced positions	102	82	+24.4%

13F shares	Current	Prev Q	Change
Total value	4.01B	4.06B	-1.4%
Total shares	36.23M	36.29M	-0.2%
Total puts	4.7K	4.1K	+14.6%
Total calls	34.8K	15.8K	+120.3%
Total put/call ratio	0.1	0.3	-48.0%

Largest owners	Shares	Value	Change
STT State Street	4.72M	$522.52M	+1.9%
BLK Blackrock	4.57M	$505.33M	-0.1%
Vanguard	4.47M	$494.82M	+0.6%
Kayne Anderson Rudnick Investment Management	3.13M	$346.23M	-2.8%
JPM JPMorgan Chase & Co.	1.72M	$189.95M	-0.3%
ATAC Neuberger Berman	1.68M	$186.08M	-2.7%
MKL Markel	1.2M	$132.46M	0.0%
Dimensional Fund Advisors	892.64K	$98.76M	+1.4%
Geode Capital Management	713.28K	$78.91M	+3.8%
Port Capital	653.47K	$72.29M	-3.1%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-319.83K	EXIT
Citadel Advisors	172.85K	+128.62K	+290.8%
Eaton Vance Management	594.48K	+116.71K	+24.4%
Raymond James & Associates	1.82K	-115.01K	-98.4%
Van Berkom & Associates	643.41K	-103.61K	-13.9%
Millennium Management	219.28K	+97.55K	+80.1%
Kayne Anderson Rudnick Investment Management	3.13M	-91.74K	-2.8%
STT State Street	4.72M	+89.66K	+1.9%
WFC Wells Fargo & Co.	469.37K	-80.47K	-14.6%
Renaissance Technologies	61.6K	+61.6K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Navigators • Cna • Chubb Limited • Arch Capital • Markel • Tiptree • Aspen • James River • ProSight Global • Kinsale Capital

Management Discussion

Net premiums earned for the Group increased 18 percent, driven by growth from our casualty and property segments. Overall market declines resulted in $128.8 million of unrealized losses on equity securities in the first six months of 2022, while positive market performance resulted in $32.1 million of unrealized gains in our equity portfolio in 2021. Investment income was up 10 percent, due to an increased average asset base relative to the prior year. Realized gains during the first six months of 2022 were comprised of $19.2 million of realized gains on equity securities, primarily due to rebalancing within our equity strategies, $0.8 million of realized losses on the fixed income portfolio and less than $0.1 million of other realized loss. This compares to $48.9 million of realized gains on the equity portfolio, $1.5 million of realized gains on the fixed income portfolio and $0.2 million of other realized gains for the same period in 2021.