Last $75.47 USD
Change Today +0.77 / 1.03%
Volume 75.5K
RLI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/24/13 All times are local (Market data is delayed by at least 15 minutes).

rli corp (RLI) Snapshot

Open
$74.44
Previous Close
$74.70
Day High
$75.61
Day Low
$74.10
52 Week High
05/24/13 - $75.61
52 Week Low
08/15/12 - $57.44
Market Cap
1.6B
Average Volume 10 Days
63.5K
EPS TTM
$4.12
Shares Outstanding
21.3M
EX-Date
05/29/13
P/E TM
18.3x
Dividend
$1.36
Dividend Yield
8.32%
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 insurers, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile; environmental liability for underground storage tanks, contractors, and asbestos and environmental remediation specialists; commercial and personal umbrella liability insurance; and commercial transportation that include automobile liability and physical damage insurance to public transportation risks, equipment dealers, other types of specialty commercial automobile risks, and local, intermediate, and long haul truckers, as well as incidental and related insurance coverage. This segment also offers directors and officers liability insurance, employment practices liability, fiduciary liability, and fidelity coverage; professional liability coverages, such as general liability, property, automobile, excess liability, and worker’s compensation coverages , as well as in-home business insurance and medical malpractice coverage. The company’s Property segment provides excess and surplus lines and specialty property insurance, such as fire and earthquake; and insurance for office buildings, apartments, condominiums, and certain industrial and mercantile structures. This segment also offers cargo, hull and protection and indemnity, and marine liability, as well as inland marine coverages, including builders’ risks, contractors’ equipment, and other floater type coverages; crop reinsurance; facultative and other treaty reinsurance; and homeowners and dwelling fire insurance. The company’s Surety segment provides surety coverage for license and permit, notary, and court bonds; and contract, commercial, and oil and gas surety coverage. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

841 Employees
Last Reported Date: 02/27/13
Founded in 1965

rli corp (RLI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $742.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $399.6K
Executive Vice President of Operations
Total Annual Compensation: $349.6K
Director, Member of Finance & Investment Comm...
Total Annual Compensation: $509.8K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $315.9K
Compensation as of Fiscal Year 2012.

rli corp (RLI) Key Developments

RLI Corp. Announces Executive Promotions

RLI Corp. announced promotions within its operations and underwriting team that will position the company for continued success. The following changes are effective immediately. Craig Kliethermes Promoted to Executive Vice President, Operations Craig Kliethermes, Senior Vice President, Risk Services, has been promoted to Executive Vice President, Operations. In this expanded role, Kliethermes will assume management responsibility for RLI's specialty admitted and reinsurance businesses including the Marine, Transportation and Executive Products Groups, in addition to his current responsibilities overseeing the Professional Services Group, Reinsurance Group and Risk Services Department.

RLI Corp. Declares Second Quarter Regular Cash Dividend Payable on June 20, 2013

The board of directors of RLI Corp. has declared a second quarter regular cash dividend of $0.34 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2013, to shareholders of record as of May 31, 2013.

RLI Corp. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013

RLI Corp. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net earnings of $24,847,000 or $1.15 diluted earnings per share against $28,038,000 or $1.30 diluted earnings per share a year ago. Net premiums earned were $144,151,000 against $137,280,000 a year ago. Net investment income was $12,886,000 against $15,293,000 a year ago. Net realized investment gains were $3,684,000 against $11,416,000 a year ago. Earnings before income taxes were $35,969,000 against $41,109,000 a year ago. Comprehensive earnings were $42,400,000 or $1.96 per share against $38,814,000 or $1.80 per share a year ago. Return on equity was 11.9% against 15.5% a year ago. Net cash flow used in operations was $6,328,000 against $3,247,000 a year ago. As on date, book value per share was $39.16 against $37.45 per share a year ago. The decline in investment income was due to lower reinvestment rates as well as higher allocation to tax-exempt municipal bonds, which have lower pre-tax yields than taxable alternatives.

 

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Industry Analysis

RLI

Industry Average

Valuation RLI Industry Range
Price/Earnings 16.3x
Price/Sales 2.4x
Price/Book 1.9x
Price/Cash Flow 16.0x
TEV/Sales 2.3x
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