RLI Stock Price, News & Analysis

RLI Corp. reported a Q2 2022 net loss of $2.2 million (-$0.05 per share), down from net earnings of $81.8 million ($1.79 per share) in Q2 2021. Operating earnings increased to $67.4 million ($1.49 per share) from $49.9 million ($1.09 per share) YoY. Highlights include a 17% rise in gross premiums written and net investment income growing by 11%. However, book value per share fell 13% from the prior year. Additionally, RLI was named a top-performing company for the 32nd consecutive year by Ward benchmarking.

RLI Corp. (NYSE: RLI) will release its second quarter 2022 earnings on July 20, 2022, after market close. A conference call to discuss these results is scheduled for July 21, 2022, at 10 a.m. CDT. Investors can access the webcast via the provided link. RLI is recognized for its specialty insurance services and has maintained a strong track record, paying increased regular dividends for 46 consecutive years and achieving underwriting profits for 26 consecutive years.

RLI Corp. (NYSE: RLI) has announced the promotion of Donald Johnson to Vice President of the Professional Services Group, overseeing Casualty, Captives, and Specialty Package products. He brings 34 years of industry experience. Additionally, Bret Stone joins as Vice President of Data & Analytics, focusing on leveraging data to enhance underwriting and claims operations. Both appointments aim to drive growth and innovation within RLI. The company, a specialty insurer, boasts a strong financial track record, with 47 years of dividend increases and consistent underwriting profits.

RLI Corp. (NYSE: RLI) has announced a cash dividend of $0.26 per share for Q2 2022, representing a $0.01 increase from the previous quarter. This dividend will be payable on June 21, 2022, to shareholders who are on record by May 31, 2022. RLI has consistently increased dividends for 47 consecutive years, with an annual dividend yield of 0.89% based on a $1.04 annual dividend and a closing stock price of $117.35.

RLI Corp. reported first quarter 2022 net earnings of $47.9 million ($1.05 per share), down from $73.0 million ($1.60 per share) in 2021. Operating earnings increased to $65.5 million ($1.43 per share), driven by a 22% increase in gross premiums written and strong underwriting income of $59.5 million with a combined ratio of 77.9. However, a 5% decline in book value to $25.45 per share was noted due to negative portfolio returns. The company announced plans to sell its minority interest in Maui Jim, aiming for approximately $500 million in net proceeds.

RLI Corp. (NYSE: RLI) has announced the sale of its minority interest in Maui Jim, Inc.. This transaction is detailed in a Form 8-K filed today and is accessible on RLI’s website. Selling this stake indicates a strategic move for RLI, potentially reallocating resources to enhance its core operations or investments.

RLI Corp. (NYSE: RLI) has declared a first quarter cash dividend of $0.25 per share, remaining consistent with the previous quarter. This dividend is payable on March 18, 2022, to shareholders on record as of February 28, 2022. RLI has a strong history, increasing dividends for 46 consecutive years and delivering underwriting profits for 26 consecutive years. The company's current dividend yield stands at 1.01%, based on an annual dividend of $1.00 and a closing stock price of $99.24.