reports
RLI Increases Regular Dividend for 49th Consecutive Year
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. RLI has increased dividends in each of the last 49 years. The company’s dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday’s closing stock price of $143.25. ABOUT RLI RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and s...
RLI Reports First Quarter 2024 Results
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023. Operating earnings(1) for the first quarter of 2024 were $87.4 million ($1.89 per share), compared to $75.0 million ($1.63 per share) for the same period in 2023. First Quarter Earnings Per Diluted Share 2024 2023 Net earnings $ 2.77 ...
RLI First Quarter Earnings Release & Teleconference
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024. The company will hold its quarterly conference call to discuss first quarter results on Tuesday, April 23, 2024 at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at . ABOUT RLI RLI Corp. (NYSE: RLI) 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 nation...
RLI Names Kerrick Porter as Vice President, Executive Products Group
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) announced the promotion of Kerrick Porter to Vice President, RLI Executive Products Group, effective May 17, 2024. In his new role, Porter will assume executive leadership and oversight responsibility of the group, which offers comprehensive professional liability coverages for the executive suite. He replaces Chad Berberich, who will be retiring on May 17 after 21 years of dedicated service to RLI. Porter joined RLI in 2007 as Senior Underwriter and was promoted to Assistant Vice President – Central Zone, Executive Products Group in 2012...
RLI Corp: 1 director
A director at RLI Corp sold 1,908 shares at 143.000USD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
RLI Declares Regular Dividend
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a first quarter regular cash dividend of $0.27 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2024, to shareholders of record as of February 29, 2024. RLI has increased dividends in each of the last 48 years. The company’s dividend yield would be 0.79% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $137.38. ABOUT RLI RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and sur...
RLI Reports Fourth Quarter and Year-End 2023 Results
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million ($2.49 per share), compared to $97.8 million ($2.13 per share) for the fourth quarter of 2022. Operating earnings(2)(3) for the fourth quarter of 2023 were $71.1 million ($1.54 per share), compared to $70.5 million ($1.53 per share) for the same period in 2022. Fourth Quarter Year to Date Earnings Per Diluted Share ...
AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co.,...
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC). AM Best also affirmed the Long-Term Issuer Credit Ratings (ICR) for each RLI company. The RLI Corp. ICR of “a” (Excellent) was affirmed and the ICRs of “aa” (Superior) have been affirmed for the following subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and ...
RLI Named as One of the Best Places to Work in 2024, a Glassdoor Emplo...
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024. RLI is ranked 27th out of the top 100 large U.S. companies that received the award and is the only insurance company to be recognized. “We’re honored to be recognized as a 2024 Glassdoor Best Place to Work,” said RLI Corp. President & CEO Craig Kliethermes. “For nearly 60 years, RLI has cultivated a unique ownership culture, driven by collaboration and an entrepreneurial spirit. We aim to empower our associates to think diff...
RLI Fourth Quarter Earnings Release & Teleconference
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024. The company will hold its quarterly conference call to discuss fourth quarter results on Thursday, January 25, 2024 at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at . ABOUT RLI RLI Corp. (NYSE: RLI) 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 customer...
RLI Announces Retirement of Jonathan Michael as Chairman of the Board;...
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company’s established succession plan. Michael, who retired as the Company’s Chief Executive Officer in 2021, has more than 40 years of service with RLI. During Michael’s 20-year tenure as CEO, the company significantly diversified its product portfolio, while delivering consistent top line growth and achieving 20 consecutive years of u...
Clark Kellogg Appointed to RLI Board of Directors
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that Clark C. Kellogg has been appointed to its Board of Directors. His term is effective January 1, 2024 and expires at RLI’s next shareholders’ meeting in May 2024, at which time he will stand for re-election. Kellogg is a basketball commentator at CBS Sports. He has 32 years of experience with the Indiana Pacers as a player, broadcaster and Vice President of Player Relations. Kellogg serves on the First Merchants Corporation Board of Directors, where he is a member of the Audit and Compensation and Human Res...
RLI Declares Regular & Special Dividends
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share. Both dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023. “RLI’s ability to return $91 million to shareholders amid a year of unprecedented catastrophe activity and while retiring $150 million in senior debt is a testament to the strength of our business model,” sai...
RLI Names Phil Brodeur as Vice President, Risk Services
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that Phil Brodeur has been promoted to Vice President, Risk Services. In his new role, Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions. He replaces Chris Randall, who will be retiring in February 2024, after 22 years of dedicated service to RLI. Brodeur joined RLI in 2007 as an intern and served in various actuarial roles with increasing responsibility before being promoted to Assistant Vice President, Ri...
RLI Reports Third Quarter 2023 Results
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. reported third quarter 2023 net earnings of $13.5 million ($0.29 per share), compared to $439.9 million ($9.61 per share) for the third quarter of 2022, which included $437.7 million from the sale of RLI’s investment in Maui Jim, Inc. Operating earnings(1)(2) for the third quarter of 2023 were $28.3 million ($0.61 per share), compared to $23.0 million ($0.50 per share) for the same period in 2022. Third...
RLI Third Quarter Earnings Release & Teleconference
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its third quarter 2023 earnings after market close on Monday, October 23, 2023. The company will hold its quarterly conference call to discuss third quarter results on Tuesday, October 24, 2023 at 10 a.m. CDT. This call is being webcast by Q4 and can be accessed at . ABOUT RLI RLI Corp. (NYSE: RLI) 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 na...
RLI Announces Hawaiian Wildfire Loss Estimates
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hawaiian wildfires of $65 million to $75 million, to be reflected in the third quarter of 2023. This range, which is net of reinsurance recoverables and includes reinstatement premiums, is based on the impact to approximately 200 structures where RLI provided primarily homeowners insurance. Loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information currently available. “RLI has served homeowner...
RLI Declares Regular Dividend
PEORIA, Ill.--(BUSINESS WIRE)-- RLI Corp. (NYSE: RLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.27 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2023, to shareholders of record as of August 31, 2023. RLI has increased dividends in each of the last 48 years. The company’s dividend yield would be 0.79% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $136.45. ABOUT RLI RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and s...
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