RLI Corp (N:RLI)

Business Focus: Property & Casualty Insurance

Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEC
Company Contact
Address: 9025 N Lindbergh Dr
PEORIA IL 61615-1499
Tel: 1-309-6935880
Website: https://www.rlicorp.com
IR: See website
Key People
Business Overview
RLI Corp. is a specialty insurance company. The Company underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It operates through Casualty, Property and Surety segments. Its Casualty segment consists of commercial and personal umbrella, general liability, commercial transportation, professional services, small commercial, executive products, medical professional liability and other casualty businesses. Its property segment consists of commercial property, marine, specialty personal, property reinsurance and crop reinsurance businesses. Its surety segment consists of miscellaneous, commercial, contract and energy businesses. The Company conducts its operations principally through three insurance companies: RLI Insurance Company (RLI Ins.), Mt. Hawley Insurance Company (Mt. Hawley) and Contractors Bonding and Insurance Company (CBIC).
Financial Overview
For the three months ended 31 March 2019, RLI Corp revenues increased 42% to $263.8M. Net income increased from $12.2M to $65.5M. Revenues reflect Net Investment Income segment increase of 16% to $16.6M. Net income benefited from Expense Ratio -% - Property decrease of 2% to 45.3%, Loss Ratio -% - Surety increase from 1.2 to 3.1%, Equity in earnings of unconsolidated increase of 3% to $5.3M (income).
Employees: 887 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,958M as of Mar 31, 2019
Annual revenue (TTM): $896.21M as of Mar 31, 2019
EBITDA (TTM): $126.74M as of Mar 31, 2019
Net annual income (TTM): $115.17M as of Mar 31, 2019
Free cash flow (TTM): $143.36M as of Mar 31, 2019
Net Debt Last Fiscal Year: $123.98M as of Mar 31, 2019
Shares outstanding: 44,554,256 as of Apr 12, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization