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 Drive PEORIA IL 61615-1499 |
| Tel: | 1-309-6935846 |
| Website: | https://www.rlicorp.com |
| IR: | See website |
| Key People | ||
| Jonathan E. Michael Chairman of the Board | Craig W. Kliethermes President, Chief Executive Officer, Director | Todd Wayne Bryant Chief Financial Officer |
| Jennifer L. Klobnak Chief Operating Officer | Aaron P. Diefenthaler Chief Investment Officer, Treasurer | Seth Anthony Davis Vice President, Controller | Jeffrey D. Fick Chief Legal Officer, Corporate Secretary |
| Business Overview |
| RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Company's segment includes Casualty, Property and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and worker's compensation for office-based professionals. Its Property segment is comprised primarily of commercial fire, hurricane, earthquake, difference in conditions and marine coverages. Its Surety segment specializes in writing small to medium-sized contract surety coverages, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. |
| Financial Overview |
| For the three months ended 31 March 2024, RLI Corp revenues increased 22% to $444.8M. Net income increased 29% to $127.9M. Revenues reflect Net Premiums Earned increase of 17% to $360.7M, Net investment income increase of 21% to $32.8M. Net income benefited from Equity in earnings of unconsolidated increase of 22% to $4.8M (income), Interest expense on debt decrease of 19% to $1.6M (expense). Dividend per share increased from $0.26 to $0.27. |
| Employees: | 1,099 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1,592M as of Mar 31, 2024 |
| EBITDA (TTM): | $410.92M as of Mar 31, 2024 |
| Net annual income (TTM): | $333.70M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 45,700,975 as of Mar 4, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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