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 fiscal year ended 31 December 2018, RLI Corp revenues increased 2% to $818.3M. Net income before extraordinary items decreased 14% to $61.9M. Revenues reflect Realized Gains/Losses segment increase from $4.4M to $63.4M. Net income was offset by Expense Ratio -% - Surety increase of 1% to 62.7%, Loss Ratio -% - Property decrease of 9% to 56.2%, Policy Acquisition Costs increase of 6% to $267.7M (expense).
Employees: 887 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,192M as of Dec 31, 2018
Annual revenue (TTM): $818.34M as of Dec 31, 2018
EBITDA (TTM): $59.58M as of Dec 31, 2018
Net annual income (TTM): $61.91M as of Dec 31, 2018
Free cash flow (TTM): $127.92M as of Dec 31, 2018
Net Debt Last Fiscal Year: $118.98M as of Dec 31, 2018
Shares outstanding: 44,531,323 as of Mar 4, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization