RLI Corp (N:RLI)

Sector:  Financials Industry:  Property & Casualty Insurance
See Regulatory Filings on SEC
Company Contact
Address: 9025 N Lindbergh Dr
PEORIA IL 61615-1499
Tel: 1-309-6935846
Website: https://www.rlicorp.com
IR: See website
Key People
Jonathan E. Michael
Chairman of the Board, President, Chief Executive Officer
Todd Wayne Bryant
Chief Financial Officer, Vice President
Jeffrey D. Fick
Senior Vice President, Chief Legal Officer & Corporate Secretary
Aaron P. Diefenthaler
Chief Investment Officer, Vice President, Treasurer
Seth Anthony Davis
Vice President, Controller
Craig W. Kliethermes
President & Chief Operating Officer - RLI Insurance Company
Jennifer L. Klobnak
Senior Vice President - Operations of RLI Insurance Company
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 six months ended 30 June 2020, RLI Corp revenues decreased 17% to $416.4M. Net income decreased 71% to $30.9M. Revenues reflect Surety segment decrease of 4% to $55.9M. Net income also reflects Loss Ratio -% - Property decrease of 7% to 41.8%, Equity in earnings of unconsolidated decrease of 30% to $9.6M (income). Dividend per share increased from $0.44 to $0.46.
Employees: 882 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $3,784M as of Jun 30, 2020
Annual revenue (TTM): $918.02M as of Jun 30, 2020
EBITDA (TTM): $128.95M as of Jun 30, 2020
Net annual income (TTM): $116.60M as of Jun 30, 2020
Free cash flow (TTM): $161.36M as of Jun 30, 2020
Net Debt Last Fiscal Year: $64.60M as of Jun 30, 2020
Shares outstanding: 44,952,602 as of Jul 16, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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