Price: $146.9300
$0.85
0.582%
|
Day's High:
| $147.32
| Week Perf:
| -0.49 %
|
Day's Low: |
$ 144.86 |
30 Day Perf: |
3.52 % |
Volume (M): |
441 |
52 Wk High: |
$ 149.65 |
Volume (M$): |
$ 64,840 |
52 Wk Avg: |
$135.57 |
Open: |
$144.86 |
52 Wk Low: |
$123.05 |
|
|
Market Capitalization (Millions $) |
6,771 |
Shares
Outstanding (Millions) |
46 |
Employees |
902 |
Revenues (TTM) (Millions $) |
1,512 |
Net Income (TTM) (Millions $) |
305 |
Cash Flow (TTM) (Millions $) |
14 |
Capital Exp. (TTM) (Millions $) |
6 |
Rli Corp
RLI Corp. is an Illinois corporation that was organized in 1965. We underwrite
selected property and casualty insurance through major subsidiaries collectively
known as RLI Insurance Group. We conduct operations principally through three
insurance companies. These companies are organized in a vertical structure beneath
RLI Corp. with RLI Insurance Company (RLI Ins.) as the first-level, or principal,
insurance subsidiary. RLI Ins. writes multiple lines of insurance on an admitted
basis in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands
and Guam. Mt. Hawley Insurance Company (Mt. Hawley), a subsidiary of RLI Ins.,
writes excess and surplus lines insurance on a non-admitted basis in all 50
states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam.
Contractors Bonding and Insurance Company (CBIC), a subsidiary of RLI Ins.,
writes multiple lines of insurance on an admitted basis in all 50 states and
the District of Columbia.
As a specialty insurance company with a niche focus, we offer insurance coverages
in both the specialty admitted and excess and surplus markets. Coverages in
the specialty admitted market, such as our energy surety bonds, are for risks
that are unique or hard-to-place in the standard market, but must remain with
an admitted insurance company for regulatory or marketing reasons. In addition,
our coverages in the specialty admitted market may be designed to meet specific
insurance needs of targeted insured groups, such as our professional liability
and package coverages for design professionals and our stand-alone personal
umbrella policy. The specialty admitted market is subject to more state regulation
than the excess and surplus market, particularly with regard to rate and form
filing requirements, restrictions on the ability to exit lines of business,
premium tax payments and membership in various state associations, such as state
guaranty funds and assigned risk plans. We also underwrite coverages in the
excess and surplus market. The excess and surplus market, unlike the standard
admitted market, is less regulated and more flexible in terms of policy forms
and premium rates. This market provides an alternative for customers with risks
or loss exposures that generally cannot be written in the standard admitted
market. This typically results in coverages that are more restrictive and more
expensive than coverages in the standard admitted market. When we underwrite
within the excess and surplus market, we are selective in the lines of business
and type of risks we choose to write. Using our non-admitted status in this
market allows us to tailor terms and conditions to manage these exposures effectively.
Often, the development of these coverages is generated through proposals brought
to us by an agent or broker seeking coverage for a specific group of clients
or loss exposures. Once a proposal is submitted, our underwriters determine
whether it would be a viable product based on our business objectives.
Our segment data is derived using the guidance set forth in Financial Accounting
Standards Board Accounting Standards Codification (ASC) 280, “Segment
Reporting.” As prescribed by the guidance, reporting is based on the internal
structure and reporting of information as it is used by management. The segments
of our insurance operations are casualty, property and surety.
The specialty insurance market differs significantly from the standard admitted
market. In the standard admitted market, insurance rates and forms are highly
regulated, products and coverage are largely uniform with relatively predictable
exposures and companies tend to compete for customers on the basis of price.
In contrast, the specialty market provides coverage for risks that do not fit
the underwriting criteria of the standard carriers. Competition tends to focus
less on price and more on availability, service and other value-based considerations.
While specialty market exposures may have higher insurance risks than their
standard admitted market counterparts, we manage these risks to achieve higher
financial returns. To reach our financial and operational goals, we must have
extensive knowledge of, and expertise in, our markets. Many of our risks are
underwritten on an individual basis and restricted limits, deductibles, exclusions
and surcharges are employed in order to respond to distinctive risk characteristics.
We operate in the specialty admitted insurance market, the excess and surplus
insurance market and the specialty property and casualty reinsurance markets.
We write business in the specialty admitted market. Most of these risks are
unique and hard to place in the standard admitted market, but for marketing
and regulatory reasons, they must remain with an admitted insurance company.
The specialty admitted market is subject to greater state regulation than the
excess and surplus market, particularly with regard to rate and form filing
requirements, restrictions on the ability to exit lines of business, premium
tax payments and membership in various state associations, such as state guaranty
funds and assigned risk plans.
The excess and surplus market focuses on hard-to-place risks. Participating
in this market allows us to underwrite non-standard risks with more flexible
policy forms and unregulated premium rates. This typically results in coverages
that are more restrictive and more expensive than in the standard admitted market.
The excess and surplus lines regulatory environment and production model also
effectively filter submission flow and match market opportunities to our expertise
and appetite.
We write business in the specialty property and casualty reinsurance markets.
This business can be written on an individual risk (facultative) basis or on
a portfolio (treaty) basis. We write contracts on an excess of loss and a proportional
basis. Contract provisions are written and agreed upon between the company and
its clients, other (re)insurance companies. The business is typically more volatile
as a result of unique underlying exposures and excess and aggregate attachments.
This business requires specialized underwriting and technical modeling.
Company Address: 9025 North Lindbergh Drive Peoria 61615 IL
Company Phone Number: 692-1000 Stock Exchange / Ticker: NYSE RLI
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Customers Net Income fell by |
RLI's Customers Net Profit Margin fell to |
-11.58 % |
1.65 %
|
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Stock Performances by Major Competitors |
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Rli Corp
RLI Corp, a renowned Property & Casualty Insurance company, recently released its financial report for the fourth quarter of 2023. The results showcased both positive and negative trends, leaving investors and analysts speculating about the company's future prospects. This article aims to analyze the implications of these findings and explore how they might impact RLI Corp in the coming years. Revenue Growth Outshines EPS Elevation: One of the standout points in the financial report was the exceptional revenue growth of RLI Corp. In the fourth quarter of 2023, the company experienced revenue of $433.52 million, marking a surge of 20.223% compared to the same period in the previous year. This significant boost exemplifies RLI Corp's ability to attract new business and generate greater returns for stakeholders.
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Rli Corp
As we delve into RLI Corp's financial results for the third quarter of 2023, it becomes evident that the company is going through a difficult phase. With a significant drop in income, revenue, and profitability, RLI Corp is experiencing challenges amidst an otherwise flourishing Property & Casualty Insurance sector. Let's analyze the numbers and shed light on what may have led to these setbacks. Income and Revenue Plunge: In the third quarter of 2023, RLI Corp witnessed a sharp drop in income, with a staggering decline of -96.98% from $9.61 to $0.29 per share compared to the same period last year. Moreover, the Income per Share fell by -82.84% from $1.69 to $0.29 per share, marking a substantial deterioration from the preceding financial reporting period.
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Rli Corp
Rli Corp, a property and casualty insurance company, has seen significant growth in its stock price over the past year. In the past three months alone, the stock has increased by 5.19%, and over the past 12 months, it has risen by an impressive 112.2%. However, despite this growth, the stock is currently 7.3% below its 52-week high. One factor contributing to the rise in Rli Corp's stock price is the company's strong financial performance. In the second quarter of 2023, the company's income increased by 60.95% to $1.69 per share compared to the previous year. This growth was driven by a revenue increase of 44.201% to $381.86 million. In comparison, other companies in the property and casualty insurance sector only saw a 20.72% revenue advance during the same period. Furthermore, Rli Corp's net income in the second quarter of 2023 rose by 62.03% to $77.652 million, compared to $47.923 million in the same quarter of the previous year. This improvement in profitability is reflected in the company's profit margins. The net margin increased to 20.34% in the second quarter of 2023, while the operating margin rose to 32.81%. Additionally, operating earnings experienced a significant increase of 69.31% to $125.293 million.
|
Per Share |
Current |
Earnings (TTM) |
6.6 $ |
Revenues (TTM) |
32.81 $
|
Cash Flow (TTM) |
0.3 $ |
Cash |
83.49 $
|
Book Value |
30.67 $
|
Dividend (TTM) |
3.04 $ |
|
Per Share |
|
Earnings (TTM) |
6.6 $
|
Revenues (TTM) |
32.81 $ |
Cash Flow (TTM) |
0.3 $ |
Cash |
83.49 $
|
Book Value |
30.67 $ |
Dividend (TTM) |
3.04 $ |
|
|
|
|