RLI Stock (NYSE:RLI), Trade Ideas

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special 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 and it derives a majority of its revenue from the Casualty segment.

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RLI Corp

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $161.5, along with a high estimate of $175.00 and a low estimate of $148.00. This upward trend is apparent, with the current average reflecting a 3.97% increase from the previous average price target of $155.33.
<img src="https://www.benzinga.com/files/images/story/2024/1713985290_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of RLI among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Mark Dwelle</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$155.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$168.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Scott Heleniak</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$148.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to RLI. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of RLI compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of RLI's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into RLI's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RLI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on RLI analyst ratings.</a>
<h2>About RLI</h2>
RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special 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 and it derives a majority of its revenue from the Casualty segment.
<h3>RLI: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: RLI's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 21.53%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: RLI's net margin excels beyond industry benchmarks, reaching 25.73%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): RLI's ROE excels beyond industry benchmarks, reaching 8.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): RLI's ROA stands out, surpassing industry averages. With an impressive ROA of 2.23%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.07, RLI adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Navigating 4 Analyst Ratings For RLI

Compass Point analyst Casey Alexander maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Buy and raises the price target from $158 to $175.

Price Target

Compass Point Maintains Buy on RLI, Raises Price Target to $175

RBC Capital analyst Mark Dwelle maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Sector Perform and raises the price target from $148 to $155.

RBC Capital Maintains Sector Perform on RLI, Raises Price Target to $155

JMP Securities analyst Matthew Carletti reiterates RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Market Perform.

Reiteration

JMP Securities Reiterates Market Perform on RLI

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported quarterly earnings of $1.89 per share which beat the analyst consensus estimate of $1.60 by 18.12 percent. This is a 15.95 percent increase over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $377.633 million which beat the analyst consensus estimate of $367.777 million by 2.68 percent. This is a 10.23 percent increase over sales of $342.585 million the same period last year.

Earnings

Earnings Beats

RLI Q1 2024 Adj EPS $1.89 Beats $1.60 Estimate, Sales $377.633M Beat $367.777M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
&bull; Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is likely to report quarterly loss at $0.09 per share on revenue of $-570 thousand.
&bull; Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $743.48 million.
&bull; Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is likely to report quarterly earnings at $1.12 per share on revenue of $33.24 billion.
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&bull; AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $351.67 million.
&bull; Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $5.70 billion.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $149.30 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $31.50 million.
&bull; Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.87 per share on revenue of $160.21 million.
&bull; Kaspi.kz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSPI#NASDAQ">KSPI</a>) is estimated to report earnings for its first quarter.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $18.47 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) is expected to report quarterly earnings at $2.79 per share on revenue of $1.42 billion.
&bull; NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $135.32 million.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $1.92 per share on revenue of $549.85 million.
&bull; Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is projected to report quarterly earnings at $1.12 per share on revenue of $546.38 million.
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $473.78 million.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.60 per share on revenue of $367.78 million.
&bull; Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is likely to report quarterly earnings at $2.32 per share on revenue of $772.57 million.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is expected to report quarterly earnings at $8.20 per share on revenue of $4.12 billion.
&bull; Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $5.35 billion.
&bull; SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $8.56 billion.
&bull; AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $473.78 million.
&bull; Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $109.10 million.
&bull; HealthStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $72.02 million.
&bull; Lufax Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $1.02 billion.
&bull; Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $387.14 million.
&bull; SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $39.14 million.
&bull; Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $43.13 million.
&bull; Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $121.39 million.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is likely to report quarterly earnings at $2.46 per share on revenue of $512.58 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is likely to report quarterly earnings at $0.98 per share on revenue of $187.46 million.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $1.00 billion.
&bull; Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $1.22 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $423.19 million.
&bull; Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $427.01 million.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $129.00 million.
&bull; Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is expected to report quarterly earnings at $1.11 per share on revenue of $157.33 million.
&bull; RBB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBB#NASDAQ">RBB</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $27.65 million.
&bull; Calix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $228.14 million.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $31.41 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $1.90 billion.
&bull; Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is likely to report quarterly earnings at $3.85 per share on revenue of $8.51 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 22, 2024

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Outperform and raises the price target from $160 to $168.

Keefe, Bruyette & Woods Maintains Outperform on RLI, Raises Price Target to $168

RBC Capital analyst Scott Heleniak reiterates RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Sector Perform and maintains $148 price target.

RBC Capital Reiterates Sector Perform on RLI, Maintains $148 Price Target

WIIM

RLI Corp shares are trading lower. The company reported Q4 financial results.

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Kemper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMPR#NYSE">KMPR</a>) stock rose 7.0% to $61.86 during Thursday's regular session. As of 12:40 EST, this security is trading at a volume of 651.0K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.7 billion. </li>
<li>WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) stock rose 6.69% to $82.89. WR Berkley's stock is trading at a volume of 1.3 million shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $21.1 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) shares rose 3.5% to $6.49. Fanhua's stock is trading at a volume of 6.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $358.0 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares increased by 3.16% to $2.99. As of 12:40 EST, Kingstone Companies's stock is trading at a volume of 5.6K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $25.3 million. </li>
<li>Abacus Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABL#NASDAQ">ABL</a>) stock increased by 2.83% to $12.35. The current volume of 24.7K shares is 0% of Abacus Life's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $757.0 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares increased by 1.47% to $0.48. The current volume of 19.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $2.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock decreased by 16.39% to $1.45 during Thursday's regular session. As of 12:40 EST, Marpai's stock is trading at a volume of 337.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $13.4 million. </li>
<li>Investors Title (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITIC#NASDAQ">ITIC</a>) stock fell 10.38% to $152.0. As of 12:40 EST, this security is trading at a volume of 140 shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $287.3 million. </li>
<li>Old Republic Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORI#NYSE">ORI</a>) stock declined by 9.27% to $27.57. Trading volume for Old Republic Intl's stock is 2.6 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $8.4 billion. As per the press release, Q4 earnings came out today. </li>
<li>RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) stock declined by 5.92% to $136.91. RLI's stock is trading at a volume of 157.4K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $6.6 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) stock decreased by 5.85% to $6.12. Cheche Group's stock is trading at a volume of 995 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $494.2 million. </li>
<li>eHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares decreased by 4.46% to $5.47. Trading volume for this security as of 12:40 EST is 194.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $163.9 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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RELI

Insurance Stocks Moving In Thursday's Intraday Session

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:10 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
RLI beat estimated earnings by 3.36%, reporting an EPS of $1.54 versus an estimate of $1.49.
Revenue was up $32.40 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.53 which was followed by a 5.91% increase in the share price the next day.
Here's a look at RLI's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>1.19</td>
<td>1.22</td>
<td>1.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.61</td>
<td>1.16</td>
<td>1.63</td>
<td>1.53</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>368.03M</td>
<td>372.65M</td>
<td>340.05M</td>
<td>298.45M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>334.72M</td>
<td>419.54M</td>
<td>342.58M</td>
<td>298.50M</td>
</tr>
</tbody>
</table>

To track all earnings releases for RLI <a href="https://www.benzinga.com/quote/RLI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RLI: Q4 Earnings Insights

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $1.49 by 3.36 percent.

RLI Q4 2023 Adj EPS $1.54 Beats $1.49 Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
&bull; General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) is estimated to report quarterly earnings at $3.68 per share on revenue of $11.37 billion.
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is expected to report quarterly earnings at $5.27 per share on revenue of $7.53 billion.
&bull; Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) is likely to report quarterly loss at $0.15 per share on revenue of $9.55 million.
&bull; Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) is estimated to report quarterly earnings at $1.17 per share on revenue of $280.02 million.
&bull; Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $15.14 billion.
&bull; Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $3.15 billion.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is expected to report quarterly earnings at $0.93 per share on revenue of $141.62 million.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $10.18 billion.
&bull; Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $1.07 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is estimated to report quarterly earnings at $1.54 per share on revenue of $4.98 billion.
&bull; United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $226.07 million.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $31.48 billion.
&bull; TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is projected to report quarterly earnings at $1.71 per share on revenue of $3.86 billion.
&bull; New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $814.07 million.
&bull; LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $5.61 billion.
&bull; Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) is expected to report quarterly earnings at $5.04 per share on revenue of $1.47 billion.
&bull; Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) is projected to report quarterly earnings at $1.54 per share on revenue of $3.95 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $58.16 million.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $5.64 per share on revenue of $42.09 billion.
&bull; Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $204.25 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $206.11 million.
&bull; Sterling Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBT#NASDAQ">SBT</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $16.37 million.
&bull; Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $324.22 million.
&bull; BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) is likely to report quarterly earnings at $1.75 per share on revenue of $490.40 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $471.69 million.
&bull; CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) is estimated to report quarterly earnings at $4.47 per share on revenue of $1.84 billion.
&bull; IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is projected to report quarterly earnings at $3.78 per share on revenue of $17.30 billion.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $25.59 billion.
&bull; Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) is likely to report quarterly loss at $0.10 per share on revenue of $366.65 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $3.63 billion.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.55 billion.
&bull; SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $378.36 million.
&bull; American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) is likely to report quarterly loss at $0.06 per share on revenue of $34.00 million.
&bull; First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $58.42 million.
&bull; Amerant Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $91.30 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is projected to report quarterly earnings at $1.83 per share on revenue of $1.91 billion.
&bull; Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $116.63 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $1.09 billion.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $29.58 million.
&bull; Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.26 per share on revenue of $3.06 billion.
&bull; Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $1.97 billion.
&bull; United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) is projected to report quarterly earnings at $10.93 per share on revenue of $3.62 billion.
&bull; Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $27.00 million.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is likely to report quarterly earnings at $1.38 per share on revenue of $3.21 billion.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is estimated to report quarterly earnings at $7.69 per share on revenue of $3.88 billion.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $2.90 billion.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $357.64 million.
&bull; Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $987.63 million.
&bull; First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $19.28 million.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $122.80 million.
&bull; Colony Bankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NASDAQ">CBAN</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $28.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report earnings for its fourth quarter.
&bull; Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $166.47 million.
&bull; ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) is expected to report quarterly earnings at $1.79 per share on revenue of $1.15 billion.
&bull; Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is expected to report quarterly earnings at $7.10 per share on revenue of $3.71 billion.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report earnings for its fourth quarter.
&bull; Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $52.34 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $72.97 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $33.23 million.
&bull; Origin Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBK#NYSE">OBK</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $88.77 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is likely to report quarterly loss at $1.87 per share on revenue of $29.80 million.
&bull; Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $45.38 million.
&bull; Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $526.68 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $197.95 million.
&bull; ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $2.40 billion.
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is estimated to report earnings for its fourth quarter.
&bull; Univest Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UVSP#NASDAQ">UVSP</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $71.25 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is likely to report quarterly earnings at $2.54 per share on revenue of $70.48 million.
&bull; Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $85.19 million.
&bull; Eagle Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NASDAQ">EGBN</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $68.69 million.
&bull; Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $3.08 per share on revenue of $2.20 billion.
&bull; Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $179.20 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALRS

AMSC

AMTB

ASML

BLFY

BOKF

BRKL

CACI

CASH

CBAN

CNXC

COLB

New Oriental Education & Technology Group

EGBN

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

EQBK

FBMS

HBNC

INBK

LBRT

LVRO

MNRO

OSBC

PFBC

SFNC

TSLA

UCBI

UVSP

Earnings Scheduled For January 24, 2024

RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement.
Analysts estimate that RLI will report an earnings per share (EPS) of $1.49. 
RLI bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.53, which was followed by a 5.91% increase in the share price the next day.
Here's a look at RLI's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.08</td>
<td>1.19</td>
<td>1.22</td>
<td>1.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.61</td>
<td>1.16</td>
<td>1.63</td>
<td>1.53</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.91%</td>
<td>-1.78%</td>
<td>9.34%</td>
<td>-1.82%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706036482_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of RLI were trading at $145.91 as of January 22. Over the last 52-week period, shares are up 9.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/RLI/earnings">To track all earnings releases for RLI visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: RLI

RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) – RLI Corp. announced today that Jonathan E. Michael, Chairman of the Board, will retire from the Board of Directors at the conclusion of the 2024 Annual Meeting of Shareholders in May, consistent with the Company's established succession plan.
Michael, who retired as the Company's Chief Executive Officer in 2021, has more than 40 years of service with RLI. During Michael's 20-year tenure as CEO, the company significantly diversified its product portfolio, while delivering consistent top line growth and achieving 20 consecutive years of underwriting profit.
The Board elected David B. Duclos to serve as Non-Executive Chairman upon Michael's retirement from the Board at the conclusion of the 2024 Annual Meeting of Shareholders. Duclos has served as a Director since 2017, and currently serves as the lead independent director. He has 45 years of global reinsurance and insurance industry experience, which included roles as CEO of QBE North America and XL Insurance.
"It has been a privilege to serve alongside RLI's dedicated employee owners for the past 41 years," said Michael. "RLI is an extraordinary company. I'm grateful to have had the opportunity to lead the organization and work with our visionary founder, Jerry Stephens, during my career. Given the strength of our people, culture and values, I believe the Company is well-positioned for continued success."
"Jon's vision, leadership and steady guidance have been instrumental in RLI's growth into a leading specialty insurer," said RLI Corp. President &amp; CEO Craig Kliethermes. "He has had a positive and lasting impact on our Company, community and our people. We're grateful for his invaluable contributions, and wish him the very best on his well-deserved retirement."
"I'm honored for the opportunity to succeed Jon as Chairman of the Board," said Duclos. "On behalf of the Board of Directors, I want to congratulate Jon for his distinguished career and thank him for his outstanding service to RLI."

Management

RLI Announces Retirement Of Jonathan Michael As Chairman Of The Board; David Duclos To Serve As Independent Chairman Upon Michael's Retirement

Aaron P. Diefenthaler, Treasurer at RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>), reported a large exercise of company stock options on November 29, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000084246/000141588923015598//Archives/edgar/data/84246/000141588923015598/0001415889-23-015598-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Diefenthaler, Treasurer at RLI, a company in the Financials sector, just exercised stock options worth 9,000 shares of RLI stock with an exercise price of $57.09.
RLI shares are trading down 0.0% at $133.29 at the time of this writing on Thursday morning. Since the current price is $133.29, this makes Diefenthaler's 9,000 shares worth $1,199,610.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000084246">Check Out The Full List Of RLI's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Treasurer at RLI Exercises Options Worth $1.20M

RLI Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share. Both dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023.
"RLI's ability to return $91 million to shareholders amid a year of unprecedented catastrophe activity and while retiring $150 million in senior debt is a testament to the strength of our business model," said RLI Corp. President &amp; CEO Craig Kliethermes. "Our underwriting consistency, diversified product portfolio and strong capital management have allowed us to help customers recover from unexpected events, while delivering positive results and value to our shareholders."

Dividends

RLI Declares Regular Dividend Of $0.27 Per Share & Special Dividend Of $2.00 Per Share

Todd W. Bryant, Chief Financial Officer at RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>), reported a large acquisition of company stock options on November 2, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000084246/000141588923014698//Archives/edgar/data/84246/000141588923014698/0001415889-23-014698-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Bryant, Chief Financial Officer at RLI, a company in the Financials sector, was just awarded stock options worth 3,125 shares of RLI. The options give Bryant the right to buy the company's stock at $135.22 per share.
RLI shares are trading up 0.1% at $134.48 at the time of this writing on Friday morning. Since the current price is $134.48, this makes Bryant's 3,125 shares worth $420,249.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000084246">Check Out The Full List Of RLI's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chief Financial Officer at RLI Acquires Company Stock Options Worth 3,125 Shares

Craig W Kliethermes, Chief Executive Officer at RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>), reported a large acquisition of company stock options on November 2, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000084246/000141588923014700//Archives/edgar/data/84246/000141588923014700/0001415889-23-014700-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Kliethermes, Chief Executive Officer at RLI, a company in the Financials sector, was just awarded stock options worth 7,500 shares of RLI. The options give Kliethermes the right to buy the company's stock at $135.22 per share.
RLI shares are trading up 0.1% at $134.48 at the time of this writing on Friday morning. Since the current price is $134.48, this makes Kliethermes's 7,500 shares worth $1,008,599.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000084246">Check Out The Full List Of RLI's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chief Executive Officer at RLI Acquires Company Stock Options Worth 7,500 Shares

Jennifer L Klobnak, Chief Operating Officer at RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>), reported a large acquisition of company stock options on November 2, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000084246/000141588923014701//Archives/edgar/data/84246/000141588923014701/0001415889-23-014701-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Klobnak, Chief Operating Officer at RLI, a company in the Financials sector, was just awarded stock options worth 4,000 shares of RLI. The options give Klobnak the right to buy the company's stock at $135.22 per share.
RLI shares are trading up 0.1% at $134.48 at the time of this writing on Friday morning. Since the current price is $134.48, this makes Klobnak's 4,000 shares worth $537,920.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000084246">Check Out The Full List Of RLI's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RLI Chief Operating Officer Awarded $537K Worth of Stock Options

RLI Q1 2024 Earnings Preview

Notable earnings after Monday's close

RLI Non-GAAP EPS of $1.89 beats by $0.28, revenue of $444.83M beats by $49.94M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
RLI (NYSE:<a href="https://investorplace.com/stock-quotes/rli-stock-quote/">RLI</a>) just reported results for the first quarter of 2024.<ul><li>RLI reported earnings per share of $1.89. This was above the analyst estimate for EPS of $1.60.</li><li>The company reported revenue of $377.63 million.</li><li>This was 2.68% better than the analyst estimate for revenue of $367.78 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/rli-stock-earnings-rli-for-q1-of-2024/">RLI Stock Earnings: RLI Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RLI Stock Earnings: RLI Beats EPS, Beats Revenue for Q1 2024

In a report released today, Matthew Carletti from JMP Securities reiterated a Hold rating on RLI (RLI – Research Report). The company's shares clos...

JMP Securities Sticks to Their Hold Rating for RLI (RLI)

RLI Corporation (RLI) Q1 2024 Earnings Call Transcript

RBC Capital analyst Scott Heleniak maintained a Hold rating on RLI (RLI – Research Report) yesterday and set a price target of $155.00. The company...

RLI (RLI) Gets a Hold from RBC Capital

In a report released today, Casey Alexander from Compass Point reiterated a Buy rating on RLI (RLI – Research Report), with a price target of $175....

Compass Point Remains a Buy on RLI (RLI)

RLI Corp (RLI) has shared an announcement. RLI Corp. recently conducted an analyst conference call to discuss its financial performance for the fir...

RLI Corp Discusses Q1 2024 Financial Performance in Analyst Call

RLI Corp (RLI) has disclosed a new risk, in the Environmental / Social category. RLI Corp's executive officers and directors have the option to est...

RLI Corp Executives Embrace Rule 10b5-1 Plans for Transparent Trading, Report No Deals in Q1 2024

VLRS

Press Releases

RLI Announces Retirement of Jonathan Michael as Chairman of the Board; David Duclos to Serve as Independent Chairman Upon Michael's Retirement

RLI Fourth Quarter Earnings Release & Teleconference

RLI Named as One of the Best Places to Work in 2024, a Glassdoor Employees' Choice Award Winner