Last $49.34 USD
Change Today -0.04 / -0.08%
Volume 120.6K
RLI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

rli corp (RLI) Snapshot

Open
$49.93
Previous Close
$49.38
Day High
$49.97
Day Low
$49.15
52 Week High
11/29/13 - $51.03
52 Week Low
02/5/14 - $40.02
Market Cap
2.1B
Average Volume 10 Days
106.2K
EPS TTM
$2.61
Shares Outstanding
43.0M
EX-Date
11/25/14
P/E TM
18.9x
Dividend
$0.72
Dividend Yield
4.46%
Current Stock Chart for RLI CORP (RLI)

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rli corp (RLI) Details

RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States. Its Casualty segment provides general liability products consisting of coverage for third party liability of commercial insureds, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile. This segment also offers coverages in the area of environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; commercial and personal umbrella liability insurance; commercial automobile liability and physical damage insurance products; other types of commercial automobile risks; and incidental insurance coverages, including general liability, excess liability, and motor truck cargo. In addition, it provides various management professional liability coverages, such as directors and officers liability insurance, employment practices liability, fiduciary liability, and fidelity coverages; professional liability coverages; medical professional liability insurance; and various other products, including home business insurance, which provides limited liability and property coverage for various small business owners. The company’s Property segment comprises primarily of commercial fire; earthquake; difference in conditions; marine; facultative and treaty reinsurance, including crop and property; and personal lines policies, such as recreational vehicle and Hawaii homeowners coverages. The company’s Surety segment specializes in writing small-to-large commercial and contract surety coverages, as well as surety coverages for the energy, petrochemical, and refining industries; and offers miscellaneous bonds, including license and permit, notary, and court bonds. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

823 Employees
Last Reported Date: 02/27/14
Founded in 1965

rli corp (RLI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $750.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $373.7K
Director, Member of Finance & Investment Comm...
Total Annual Compensation: $515.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $325.1K
Executive Vice President of Operations - Prin...
Total Annual Compensation: $385.7K
Compensation as of Fiscal Year 2013.

rli corp (RLI) Key Developments

RLI Corp. Declares Regular and Special Cash Dividend, Payable on December 22, 2014

RLI Corp. announced its board of directors has declared an extraordinary cash dividend of $3.00 per share of common stock, which is expected to total approximately $129 million, and a regular quarterly cash dividend of $0.18 per share, unchanged from the prior quarter. Both dividends are payable on December 22, 2014, to shareholders of record as of November 28, 2014.

RLI Launches Healthcare Liability Division; Appoints Scott Ducey to Lead the Operation as Vice President

RLI Corp. announced that it has added a new healthcare liability division, RLI Healthcare. RLI will provide liability insurance coverage for targeted risks that include, but are not limited to, integrated hospital systems, long-term care facilities (single and multi-location), outpatient care facilities and clinical research providers. Policies are available on a surplus lines basis in all 50 states. The company has hired Scott Ducey to lead the operation as vice president. Ducey has more than 20 years of experience in the insurance and healthcare industries and most recently served as vice president of the healthcare division at Torus.

RLI Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2015

RLI Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net premiums earned of $177,747,000 against $163,702,000 a year ago. Consolidated revenue was $197,655,000 against $188,299,000 a year ago. Earnings before income taxes were $48,594,000 against $55,309,000 a year ago. Net earnings were $33,254,000 against $37,647,000 a year ago. Operating earnings were $29,543,000 against $30,497,000 a year ago. Return on equity was 15.0% against 14.0% a year ago. Diluted earnings per share were $0.68 against $0.70 a year ago. Net earnings per share were $0.76 against $0.86 a year ago. Comprehensive earnings per share were $0.48 against $0.82 a year ago. Net cash flow provided by operations was $47,366,000 against $54,955,000 a year ago. Book value per share was $21.70 against $19.29 a year ago. Net investment income was $14,200,000 against $13,598,000 a year ago. For the nine months, the company reported net premiums earned of $507,483,000 against $462,406,000 a year ago. Consolidated revenue was $571,887,000 against $520,162,000 a year ago. Earnings before income taxes were $143,008,000 against $134,854,000 a year ago. Net earnings were $97,948,000 against $92,396,000 a year ago. Operating earnings were $83,232,000 against $80,419,000 a year ago. Return on equity was 15.0% against 14.0% a year ago. Diluted earnings per share were $1.90 against $1.86 a year ago. Net earnings per share were $2.24 against $2.13 a year ago. Comprehensive earnings per share were $2.82 against $1.72 a year ago. Net cash flow provided by operations was $85,894, 000 against $81,736,000 a year ago. Book value per share was $21.70 against $19.29 a year ago. Net investment income was $41,764,000 against $39,331,000 a year ago. The company expect gross written premium and net written premium to be $8 million to $10 million for the year of 2015.

 

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Industry Analysis

RLI

Industry Average

Valuation RLI Industry Range
Price/Earnings 16.4x
Price/Sales 2.8x
Price/Book 2.3x
Price/Cash Flow 16.1x
TEV/Sales 2.5x
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