Market Overview

Recap: RLI Q3 Earnings

Share:

Shares of RLI (NYSE:RLI) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 26.32% over the past year to $0.42, which beat the estimate of $0.17.

Revenue of $235,048,000 rose by 6.50% from the same period last year, which beat the estimate of $227,550,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

RLI hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $99.93

Company's 52-week low was at $66.02

Price action over last quarter: down 12.69%

Company Description

RLI underwrites property and casualty insurance through major subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for unique risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety.

 

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Posted-In: Earnings