Buy Or Sell Opportunity • May 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €44.56. The fair value is estimated to be €55.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to decline by 0.7% in 2 years. Earnings are forecast to decline by 31% in the next 2 years. Aankondiging • Mar 28
RLI Corp., Annual General Meeting, May 14, 2026 RLI Corp., Annual General Meeting, May 14, 2026. Aankondiging • Feb 19
RLI Corp. Declares First Quarter Regular Cash Dividend, Payable on March 16, 2026 RLI Corp. announced its Board of Directors has declared a first quarter regular cash dividend of $0.16 per share, unchanged from the prior quarter. The dividend is payable on March 16, 2026, to shareholders of record as of March 2, 2026. RLI has increased dividends in each of the last 50 years. The company’s dividend yield would be 1.05% based on the $0.64 indicated annual dividend and yesterday’s closing stock price of $60.77. Aankondiging • Jan 07
RLI Corp. to Report Q4, 2025 Results on Jan 21, 2026 RLI Corp. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026 Aankondiging • Oct 23
RLI Corp. Promotes Cathy Martin to Vice President, E&S Excess Liability RLI Corp. announced the promotion of Cathy Martin to Vice President, E&S Excess Liability. In this role, Martin will assume executive leadership of RLI’s E&S Excess Liability business. She will also co-lead the RLI E&S Casualty Brokerage Group alongside Chris Hughs, Vice President, E&S General Liability. Cathy joined RLI in 2007 as Director, Underwriting, Specialty Programs, and has since held a variety of roles in both general and excess liability underwriting. She was promoted to Assistant Vice President, Casualty Underwriting in 2017. Prior to joining RLI, she held leadership positions at New World Insurance and The Center for E&S Insurance. Cathy holds the Chartered Property Casualty Underwriter designation and earned her bachelor’s degree in risk management and insurance from the University of Georgia Terry College of Business. Aankondiging • Oct 04
RLI Corp. to Report Q3, 2025 Results on Oct 20, 2025 RLI Corp. announced that they will report Q3, 2025 results After-Market on Oct 20, 2025 Aankondiging • Aug 15
RLI Corp. Declares Regular Dividend, Payable on September 19, 2025 RLI Corp. announced its Board of Directors has declared a third quarter regular cash dividend of $0.16 per share, unchanged from the prior quarter. The dividend is payable on September 19, 2025, to shareholders of record as of August 29, 2025. Aankondiging • Jul 02
RLI Corp. to Report Q2, 2025 Results on Jul 21, 2025 RLI Corp. announced that they will report Q2, 2025 results After-Market on Jul 21, 2025 Aankondiging • May 14
RLI Corp. Increases Regular Dividend, Payable on June 20, 2025 RLI Corp. announced its Board of Directors has declared a second quarter regular cash dividend of $0.16 per share, a 6.7% increase over the prior quarter. The dividend is payable on June 20, 2025, to shareholders of record as of May 30, 2025. Aankondiging • Apr 08
RLI Corp. to Report Q1, 2025 Results on Apr 23, 2025 RLI Corp. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Aankondiging • Mar 31
RLI Corp., Annual General Meeting, May 13, 2025 RLI Corp., Annual General Meeting, May 13, 2025. Aankondiging • Feb 14
RLI Corp. Declares First Quarter Regular Cash Dividend, Payable on March 20, 2025 RLI Corp. announced its Board of Directors has declared a first quarter regular cash dividend of $0.15 per share, a 3.4% increase over the prior quarter. The dividend is payable on March 20, 2025, to shareholders of record as of February 28, 2025. Aankondiging • Jan 07
RLI Corp. to Report Q4, 2024 Results on Jan 22, 2025 RLI Corp. announced that they will report Q4, 2024 results at 3:00 PM, Central Standard Time on Jan 22, 2025 Declared Dividend • Nov 12
Third quarter dividend of US$4.29 announced Shareholders will receive a dividend of US$4.29. Ex-date: 29th November 2024 Payment date: 20th December 2024 Dividend yield will be 3.2%, which is lower than the industry average of 3.8%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 10%. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$2.06 (vs US$0.30 in 3Q 2023) Third quarter 2024 results: EPS: US$2.06 (up from US$0.30 in 3Q 2023). Revenue: US$470.0m (up 42% from 3Q 2023). Net income: US$95.0m (up US$81.5m from 3Q 2023). Profit margin: 20% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 01
RLI Corp. to Report Q3, 2024 Results on Oct 21, 2024 RLI Corp. announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Buy Or Sell Opportunity • Sep 25
Now 20% undervalued Over the last 90 days, the stock has risen 5.4% to €136. The fair value is estimated to be €170, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 6.5% in the next 2 years. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued Over the last 90 days, the stock has risen 5.4% to €137. The fair value is estimated to be €173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 6.5% in the next 2 years. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.0%). Declared Dividend • Aug 12
Second quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 30th August 2024 Payment date: 20th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 10% over the next 3 years. However, it would need to fall by 83% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Aug 09
RLI Corp. Declares Third Quarter Regular Cash Dividend, Payable on September 20, 2024 RLI Corp. announced its Board of Directors has declared a third quarter regular cash dividend of $0.29 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2024, to shareholders of record as of August 30, 2024. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$1.78 (vs US$1.70 in 2Q 2023) Second quarter 2024 results: EPS: US$1.78 (up from US$1.70 in 2Q 2023). Revenue: US$416.4m (up 9.1% from 2Q 2023). Net income: US$82.0m (up 5.6% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Jul 02
RLI Corp. to Report Q2, 2024 Results on Jul 22, 2024 RLI Corp. announced that they will report Q2, 2024 results After-Market on Jul 22, 2024 Upcoming Dividend • May 24
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%). Declared Dividend • May 06
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 31st May 2024 Payment date: 20th June 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Aankondiging • May 03
RLI Corp. Declares Second Quarter Regular Cash Dividend, Payable on June 20, 2024 RLI Corp. announced its Board of Directors has declared a second quarter regular cash dividend of $0.29 per share, a $0.02 increase over the prior quarter. The dividend is payable on June 20, 2024, to shareholders of record as of May 31, 2024. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: US$2.77 (vs US$2.17 in 1Q 2023) First quarter 2024 results: EPS: US$2.77 (up from US$2.17 in 1Q 2023). Revenue: US$444.8m (up 22% from 1Q 2023). Net income: US$127.9m (up 29% from 1Q 2023). Profit margin: 29% (up from 27% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Apr 09
RLI Corp. to Report Q1, 2024 Results on Apr 22, 2024 RLI Corp. announced that they will report Q1, 2024 results After-Market on Apr 22, 2024 Aankondiging • Mar 22
RLI Corp., Annual General Meeting, May 02, 2024 RLI Corp., Annual General Meeting, May 02, 2024, at 11:30 Central Daylight. Agenda: To consider election of director; to hold an advisory vote to approve executive compensation (the Say-on-Pay" vote); to ratify the selection of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the current year; and to consider other business issues. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$6.68 (vs US$12.86 in FY 2022) Full year 2023 results: EPS: US$6.68 (down from US$12.86 in FY 2022). Revenue: US$1.51b (down 11% from FY 2022). Net income: US$304.6m (down 48% from FY 2022). Profit margin: 20% (down from 34% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 20 March 2024. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.7%). Declared Dividend • Feb 12
Fourth quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 28th February 2024 Payment date: 20th March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.0% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Feb 09
RLI Corp. Announces Quarter Regular Cash Dividend for the Period from February 29, 2024, Payable on March 20, 2024 RLI Corp. announced its Board of Directors 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. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$6.61 (vs US$12.86 in FY 2022) Full year 2023 results: EPS: US$6.61 (down from US$12.86 in FY 2022). Revenue: US$1.51b (down 11% from FY 2022). Net income: US$304.6m (down 48% from FY 2022). Profit margin: 20% (down from 34% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 05
RLI Corp. to Report Q4, 2023 Results on Jan 24, 2024 RLI Corp. announced that they will report Q4, 2023 results After-Market on Jan 24, 2024 Aankondiging • Dec 15
RLI Corp. Announces Executive Changes RLI Corp. announced 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. Upcoming Dividend • Nov 22
Upcoming dividend of US$2.27 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 20 December 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.9%). Aankondiging • Nov 15
RLI Corp. Appoints Clark C. Kellogg to Board of Directors, Effective January 1, 2024 RLI Corp. announced that Clark C. Kellogg has been appointed to its Board of Directors. His term is effective January 1, 2024 and expires at RLI’s next shareholders’ meeting in May 2024, at which time he will stand for re-election. Kellogg is a basketball commentator at CBS Sports. He has 32 years of experience with the Indiana Pacers as a player, broadcaster and Vice President of Player Relations. Kellogg serves on the First Merchants Corporation Board of Directors, where he is a member of the Audit and Compensation and Human Resources Committees. He also serves as Chairperson of the Columbus Foundation Governing Committee, and formerly served on The Ohio State University Board of Trustees from 2010 to 2019. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: US$0.29 (vs US$9.69 in 3Q 2022) Third quarter 2023 results: EPS: US$0.29 (down from US$9.69 in 3Q 2022). Revenue: US$331.7m (down 61% from 3Q 2022). Net income: US$13.5m (down 97% from 3Q 2022). Profit margin: 4.1% (down from 51% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 12
RLI Corp. Announces Retirement of Kaj Ahlmann from the Board of Directors On October 11, 2023, Kaj Ahlmann informed RLI Corp. (“RLI”) that he will retire from the Board of Directors of RLI upon conclusion of his term and will not stand for re-election at the 2024 annual meeting of shareholders. Aankondiging • Aug 24
RLI Corp. to Report Q3, 2023 Results on Oct 23, 2023 RLI Corp. announced that they will report Q3, 2023 results After-Market on Oct 23, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.27 per share at 6.1% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 6.7% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.2%). Aankondiging • Aug 11
RLI Corp. Declares Regular Cash Dividend for Third Quarter 2023, Payable on September 20, 2023 RLI Corp. announced its Board of Directors has declared a third quarter regular cash dividend of $0.27 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2023, to shareholders of record as of August 31, 2023. New Risk • Jul 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 49% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Dividend is not well covered by cash flows (116% cash payout ratio). Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: US$1.69 (vs US$0.049 loss in 2Q 2022) Second quarter 2023 results: EPS: US$1.69 (up from US$0.049 loss in 2Q 2022). Revenue: US$381.9m (up 79% from 2Q 2022). Net income: US$77.7m (up US$79.9m from 2Q 2022). Profit margin: 20% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 12
RLI Corp. to Report Q2, 2023 Results on Jul 24, 2023 RLI Corp. announced that they will report Q2, 2023 results After-Market on Jul 24, 2023 Aankondiging • Jun 25
RLI Corp.(NYSE:RLI) dropped from Russell 2000 Growth-Defensive Index RLI Corp.(NYSE:RLI) dropped from Russell 2000 Growth-Defensive Index Upcoming Dividend • May 23
Upcoming dividend of US$0.27 per share at 6.2% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.4%). Aankondiging • May 06
RLI Corp. Declares a Second Quarter Regular Cash Dividend, Payable on June 20, 2023 RLI Corp. announced its Board of Directors has declared a second quarter regular cash dividend of $0.27 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 20, 2023 to shareholders of record as of May 31, 2023. Recent Insider Transactions • Apr 26
Independent Director recently sold €561k worth of stock On the 24th of April, Michael Stone sold around 4k shares on-market at roughly €132 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: US$2.15 (vs US$1.06 in 1Q 2022) First quarter 2023 results: EPS: US$2.15 (up from US$1.06 in 1Q 2022). Revenue: US$364.9m (up 38% from 1Q 2022). Net income: US$98.8m (up 106% from 1Q 2022). Profit margin: 27% (up from 18% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 7.0% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$12.86 (vs US$6.18 in FY 2021) Full year 2022 results: EPS: US$12.86 (up from US$6.18 in FY 2021). Revenue: US$1.70b (up 44% from FY 2021). Net income: US$583.4m (up 109% from FY 2021). Profit margin: 34% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Combined ratio: 84.4% (down from 86.8% in FY 2021). Revenue is expected to decline by 7.8% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.26 per share at 6.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 20 March 2023. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%). Aankondiging • Feb 14
RLI Corp. Appoints Paul B. Medini as Member of the Audit and Human Capital & Compensation Committees On November 1, 2022, the Board of Directors of RLI Corp. had appointed Paul B. Medini as member of the Board. The Board has determined that Mr. Medini is an independent director under applicable rules of the New York Stock Exchange. On February 9, 2023, the Board appointed Mr. Medini as a member of the Audit and Human Capital & Compensation Committees of the Board, effective February 1, 2023. Aankondiging • Feb 10
RLI Corp. Declares First Quarter Dividend, Payable on March 20, 2023 RLI Corp. announced its Board of Directors has declared a first quarter regular cash dividend of $0.26 per share, unchanged from the prior quarter. The dividend is payable on March 20, 2023 to shareholders of record as of February 28, 2023. Aankondiging • Feb 04
RLI Corp. Announces Resignation of Calvin G. Butler, Jr. from the Board of Directors On January 31, 2023, Calvin G. Butler, Jr. resigned from the Board of Directors of RLI Corp. (RLI) in light of the demands of his new role as President and Chief Executive Officer of Exelon Corporation. Mr. Butler, who had served on the RLI Board since 2016, was a member of the Audit and Nominating & Corporate Governance Committees. Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: US$12.74 (vs US$6.18 in FY 2021) Full year 2022 results: EPS: US$12.74 (up from US$6.18 in FY 2021). Revenue: US$1.70b (up 44% from FY 2021). Net income: US$583.4m (up 109% from FY 2021). Profit margin: 34% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 10
RLI Corp. to Report Q4, 2022 Results on Jan 25, 2023 RLI Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jan 25, 2023 Aankondiging • Nov 02
RLI Corp. Appoints Paul B. Medini to Board of Directors RLI Corp. announced that Paul B. Medini has been appointed to its Board of Directors. His term is effective November 1, 2022 and expires at RLI’s next shareholders’ meeting in May 2023, at which time he will stand for re-election. Mr. Medini was most recently Senior Vice President and Chief Accounting Officer at Chubb Ltd. until his retirement in August 2020. He brings extensive audit, accounting and insurance experience to his new role following a 17-year career at ACE Group and Chubb, and 23-year career at PricewaterhouseCoopers, where he served as partner. He holds a bachelor’s and master’s degree in business administration from Pace University. Aankondiging • Oct 15
RLI Corp. Provides Catastrophe Losses Guidance for the Third Quarter of 2022 RLI Corp. provided catastrophe losses guidance for the third quarter of 2022. The company announced on October 14, 2022 an estimated range of pretax catastrophe losses from Hurricane Ian of $38.0 million to $42.0 million, to be reflected in the third quarter of 2022. This range is net of reinsurance and subject to change due to the complexity of the claims and preliminary nature of the information currently available. Aankondiging • Oct 08
RLI Corp. to Report Q3, 2022 Results on Oct 19, 2022 RLI Corp. announced that they will report Q3, 2022 results at 3:00 PM, Central Standard Time on Oct 19, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Aankondiging • Aug 18
RLI Corp. Declares Third Quarter Regular Cash Dividend, Payable on September 20, 2022 RLI Corp. announced its Board of Directors has declared a third quarter regular cash dividend of $0.26 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2022, to shareholders of record as of August 31, 2022. RLI has increased dividends in each of the last 47 years. The company’s dividend yield would be 0.88% based on the $1.04 indicated annual dividend and yesterday’s closing stock price of $117.77. Reported Earnings • Jul 22
Second quarter 2022 earnings released: US$0.049 loss per share (vs US$1.81 profit in 2Q 2021) Second quarter 2022 results: US$0.049 loss per share (down from US$1.81 profit in 2Q 2021). Revenue: US$213.1m (down 28% from 2Q 2021). Net loss: US$2.24m (down 103% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 12
RLI Corp. to Report Q2, 2022 Results on Jul 20, 2022 RLI Corp. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 20, 2022 Recent Insider Transactions • Jun 03
Independent Director recently sold €1.1m worth of stock On the 1st of June, Michael Stone sold around 10k shares on-market at roughly €111 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Upcoming Dividend • May 20
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (5.0%). Aankondiging • May 06
RLI Corp. Declares Second Quarter Regular Cash Dividend, Payable on June 21, 2022 RLI Corp. announced its Board of Directors has declared a second quarter regular cash dividend of $0.26 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 21, 2022 to shareholders of record as of May 31, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$1.06 (vs US$1.62 in 1Q 2021) First quarter 2022 results: EPS: US$1.06 (down from US$1.62 in 1Q 2021). Revenue: US$264.8m (down 7.8% from 1Q 2021). Net income: US$47.9m (down 34% from 1Q 2021). Profit margin: 18% (down from 25% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 22
First quarter 2022 earnings released: EPS: US$1.05 (vs US$1.62 in 1Q 2021) First quarter 2022 results: EPS: US$1.05 (down from US$1.62 in 1Q 2021). Revenue: US$264.8m (down 7.8% from 1Q 2021). Net income: US$47.9m (down 34% from 1Q 2021). Profit margin: 18% (down from 25% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 13%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 09
RLI Corp. to Report Q1, 2022 Results on Apr 20, 2022 RLI Corp. announced that they will report Q1, 2022 results at 3:00 PM, Central Standard Time on Apr 20, 2022 Aankondiging • Feb 16
RLI Corp. Declares First Quarter Regular Cash Dividend, Payable on March 18, 2022 RLI Corp. announced its Board of Directors has declared a first quarter regular cash dividend of $0.25 per share, unchanged from the prior quarter. The dividend is payable on March 18, 2022, to shareholders of record as of February 28, 2022. Reported Earnings • Jan 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.11 (up from US$3.49 in FY 2020). Revenue: US$1.18b (up 20% from FY 2020). Net income: US$279.4m (up 78% from FY 2020). Profit margin: 24% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Jan 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. President, CEO & Director Craig Kliethermes was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 20 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (4.3%). Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$1.79 (vs US$2.05 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: US$298.1m (flat on 2Q 2020). Net income: US$81.8m (down 11% from 2Q 2020). Profit margin: 27% (down from 31% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 20
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 18 June 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Aankondiging • May 07
RLI Corp. Declares First Quarter Regular Cash Dividend, Payable on June 18, 2021 On May 6, 2021, RLI Corp. announced that its Board of Directors approved a quarterly dividend on its common stock of $0.25 per share. The dividend is payable on June 18, 2021 to shareholders of record as of May 28, 2021.