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RLI Corp. - $RLI STOCK NEWS

Welcome to our dedicated page for RLI news (Ticker: $RLI), a resource for investors and traders seeking the latest updates and insights on RLI stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RLI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RLI's position in the market.

News
RLI Increases Regular Dividend for 49th Consecutive Year
Rhea-AI Summary

RLI Corp. (NYSE: RLI) has announced a $0.02 increase in its regular cash dividend, marking the 49th consecutive year of dividend increases. The dividend of $0.29 per share is payable on June 20, 2024, to shareholders of record as of May 31, 2024. With a dividend yield of 0.81% based on the indicated annual dividend of $1.16 and yesterday's closing stock price of $143.25, RLI continues its long-standing tradition of dividend growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
dividends
-
News
RLI Reports First Quarter 2024 Results
Rhea-AI Summary
RLI Corp. reported strong first quarter 2024 results with net earnings of $127.9 million, operating earnings of $87.4 million, and a 13% increase in gross premiums written. The company achieved underwriting income of $77.7 million with a combined ratio of 78.5, and a 21% increase in net investment income. Book value per share increased by 8% to $33.27. RLI's comprehensive earnings were $115.2 million for the quarter. The company paid a regular quarterly dividend of $0.27 per share. Non-GAAP measures were used to explain the results, and the company's A+ financial strength rating was affirmed by AM Best Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
earnings
-
News
RLI First Quarter Earnings Release & Teleconference
Rhea-AI Summary
RLI Corp. (NYSE: RLI) plans to announce its first quarter 2024 earnings on April 22, 2024, after market close. The quarterly conference call to discuss the results will be held on April 23, 2024, at 10 a.m. CDT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
earnings
News
RLI Names Kerrick Porter as Vice President, Executive Products Group
Rhea-AI Summary
RLI Corp. promotes Kerrick Porter to Vice President of RLI Executive Products Group, succeeding Chad Berberich. Porter brings over 20 years of industry experience and holds key designations. The move aims to enhance professional liability coverages for the executive suite.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
-
News
RLI Declares Regular Dividend
Rhea-AI Summary
RLI Corp. (NYSE: RLI) has declared a first quarter regular cash dividend of $0.27 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2024, to shareholders of record as of February 29, 2024. RLI has increased dividends in each of the last 48 years. The company’s dividend yield would be 0.79% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $137.38.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
dividends
-
News
RLI Reports Fourth Quarter and Year-End 2023 Results
Rhea-AI Summary
RLI Corp. reported strong fourth-quarter and year-end 2023 results with a net earnings increase of $114.6 million and a special dividend of $2.00 per share. The underwriting income for the year was $173.2 million, and the gross premiums written increased by 15%. Net investment income for the year was $120.4 million, and the book value per share increased by 31% from year-end 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.3%
Tags
none
News
AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries
Rhea-AI Summary
AM Best affirms A+ (Superior) FSR and 'aa' (Superior) Long-Term ICR for RLI Group (RLI) and Long-Term ICR of 'a' (Excellent) for RLI Corp. [NYSE: RLI]. Stable outlook. Strong balance sheet, operating performance, and enterprise risk management. Headquartered in Peoria, IL.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none
-
News
AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
Rhea-AI Summary
RLI Corp. (NYSE: RLI) announced that AM Best Company has affirmed its A+ (Superior) financial strength rating for its insurance subsidiaries, including RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company (CBIC). The Long-Term Issuer Credit Ratings (ICR) for each RLI company were also affirmed, with RLI Corp. receiving an ICR of 'a' (Excellent) and its subsidiaries receiving ICRs of 'aa' (Superior). AM Best highlighted RLI's balance sheet strength, strong operating performance, favorable business profile, and very strong enterprise risk management in its press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
none
-
News
RLI Named as One of the Best Places to Work in 2024, a Glassdoor Employees’ Choice Award Winner
Rhea-AI Summary
RLI Corp. (RLI) has been honored with a Glassdoor Employees’ Choice Award, ranking 27th out of the top 100 large U.S. companies. RLI is the only insurance company to be recognized. President & CEO Craig Kliethermes expressed gratitude and emphasized the company's unique ownership culture and commitment to innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
Tags
none
News
RLI Fourth Quarter Earnings Release & Teleconference
Rhea-AI Summary
RLI Corp. (NYSE: RLI) will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024. The company will hold its quarterly conference call to discuss fourth quarter results on Thursday, January 25, 2024 at 10 a.m. CDT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
earnings
Stock RLI logo
RLI Corp.

NYSE:RLI

RLI Rankings

#1032 Ranked by Market Cap
#1988 Ranked by Stock Gains
#1902 Ranked by Dividends

RLI Stock Data

6.72B
39.53M
4.31%
81.17%
1.35%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
PEORIA

About RLI

rli is a specialty insurance company that offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. we combine profitable underwriting, solid investment returns and effective capital management to deliver consistent, long-term growth in shareholder value. rli has more than 850 employees in 50 locations across the united states. at rli, our talent distinguishes us and that makes us different. we hire smart people, including the best underwriters in the business, and then give them the resources and freedom to drive profitable growth. our niche, market-driven products exceed customer expectations; satisfying demands where other insurance companies do not compete. our vision for the future is to remain focused on building and managing a portfolio of innovative products and solutions that meet and surpass the expectations of shareholders. for more information, please visit www.rlicorp.com.