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RLI Corp. - RLI STOCK NEWS

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

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.

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
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News
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
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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%
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none
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%
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none
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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
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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%
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none
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
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Rhea-AI Summary
RLI Corp. (NYSE: RLI) announced the retirement of Chairman of the Board, Jonathan E. Michael, at the conclusion of the 2024 Annual Meeting of Shareholders in May. David B. Duclos was elected to serve as Non-Executive Chairman upon Michael's retirement. Michael, who retired as the Company's CEO in 2021, has over 40 years of service with RLI. During his tenure, the company diversified its product portfolio and achieved 20 consecutive years of underwriting profit. Duclos, with 45 years of global reinsurance and insurance industry experience, will succeed Michael as Chairman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
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none
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Rhea-AI Summary
RLI Corp (NYSE: RLI) appoints Clark C. Kellogg, a seasoned basketball commentator and former Indiana Pacers player, to its Board of Directors. With 32 years of experience in the sports industry and a strong background in board governance, Kellogg's appointment is set to enhance RLI's talent development and expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
management
News
Rhea-AI Summary
RLI Corp. (NYSE: RLI) announced a special cash dividend of $2.00 per share and a regular quarterly cash dividend of $0.27 per share, totaling approximately $91 million, payable on December 20, 2023. President & CEO Craig Kliethermes highlighted the company's ability to return value to shareholders despite unprecedented catastrophe activity and debt retirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
dividends
RLI Corp.

NYSE:RLI

RLI Rankings

RLI Stock Data

6.79B
39.52M
4.31%
81.35%
1.3%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
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.