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RLI Corp (RLI)
NYSE:RLI
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.52Last Year’s EPS
0.77Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: -1.57%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
RLI Corp's third quarter results reflect strong financial performance and significant growth in premiums across segments. Despite the challenges posed by hurricane impacts and contractions in specific areas like Executive Products, the company's overall growth and investment performance provide a positive outlook.Company Guidance
During RLI's Q3 2024 earnings call, the company provided detailed guidance on various financial metrics. The third quarter operating earnings were reported at $1.31 per share, with investment income rising by 15%, contributing to the positive performance. The combined ratio was 89.6% for the quarter, improving from 98.7% in Q3 2023, supported by continued growth in earned premium and lower catastrophe losses. The company also noted a 13% increase in gross premiums, with the Casualty segment growing by 16% and Surety by 9%. Notably, net earnings on a GAAP basis were $2.06 per share, a significant rise from $0.29 per share in the previous year. RLI also highlighted the impact of hurricanes, with losses from Hurricanes Helene and Beryl totaling $37 million, and estimated pretax losses from Hurricane Milton between $45 million and $55 million. The CEO, Craig Kliethermes, emphasized the company's commitment to leveraging market disruptions where they have expertise, supporting their customers, and maintaining consistent shareholder returns.Strong Financial Performance
RLI reported third quarter operating earnings of $1.31 per share, with positive underwriting performance and a 15% rise in investment income. The combined ratio stood at 89.6% for the quarter.
Growth in Premiums
Gross premiums increased by 13% in Q3, with the Casualty segment growing by 16%, Surety by 9%, and Property by 10%. Personal umbrella grew by 36%, including a 16% rate increase.
Investment Portfolio Performance
Operating cash flow was strong at $219 million. The investment portfolio achieved a total return of 4.8% with a focus on high-quality bonds.
Book Value Increase
Comprehensive earnings were $3.79 per share, increasing the book value per share to $38.17, a 26% increase from year-end 2023.
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RLI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RLI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $79.07 | $77.63 | -1.82% |
| Jul 22, 2024 | $68.00 | $70.00 | +2.94% |
| Apr 22, 2024 | $68.67 | $70.87 | +3.20% |
| Jan 24, 2024 | $70.62 | $67.58 | -4.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does RLI Corp (RLI) report earnings?
RLI Corp (RLI) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is RLI Corp (RLI) earnings time?
RLI Corp (RLI) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RLI EPS forecast?
RLI EPS forecast for the fiscal quarter 2024 (Q4) is 0.52.
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