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RLI $166.61

RLI target price
166.61
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RLI Corp.
Traded as NYSE: RLI
S&P 600 Component
Industry Insurance
Founded 1965
Founder Gerald D. Stephens
Headquarters Peoria, Illinois, U.S.
Key people
  • Jonathan E. Michael (Chairman & CEO),
  • Michael J. Stone (President, Chief Operating Officer)
Services Insurance
Website www.rlicorp.com

RLI Corp. (NYSE: RLI) is an American property and casualty insurance company headquartered in Peoria, Illinois, with more than 50 branch offices conducting business in all 50 states. Founded in 1965 by Gerald D. Stephens, Replacement Lens, Inc. (RLI) was one of the first insurers of contact lenses, and eventually, the company emerged as one of the leading contact lens insurers in the United States. Building upon its success in the contact lens market, RLI further expanded its business into other niche insurance markets. Today, the company offers specialty property/casualty insurance coverage in both the specialty admitted and excess and surplus markets.

RLI conducts its operations primarily through four insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company. All of RLI's insurance subsidiaries are rated A+ (Superior) by A.M. Best Company, a distinction held by fewer than 10 percent of all property and casualty insurance companies in the country.

RLI insurance coverages are distributed to customers across the U.S. through branch offices that market to wholesale brokers and retail agencies. RLI also provides select coverages through independent agents. The company offers nearly 40 different types of casualty, property and surety coverage ranging from individually underwritten coverages to highly complex coverages.

Some lines of insurance the company offers include: General Liability, Commercial and Personal Umbrella Liability, Commercial Transportation, Executive Products Liability, Professional Liability, Commercial Property, Marine, Crop Reinsurance, Property Reinsurance, Contract Surety, Commercial Surety, and Oil and Gas Surety.

RLI’s history of innovation dates to the early 1960s, when Founder Gerald D. Stephens recognized the expense of replacing contact lenses and founded RLI — Replacement Lens, Inc. — a contact lens insurance agency. In 1965, he acquired the holding company that would later become RLI Corp. RLI was one of the first insurers of contact lenses, and eventually, it emerged as the largest insurer of its kind in the world.

Over time, the demand for contact lens insurance shrank with the emergence of more affordable disposable soft lenses. In order to remain competitive, Stephens expanded RLI’s offerings to include commercial property and liability insurance. In 1994, the company retired its founding contact lens insurance product and in 1996 RLI sold its RLI Vision unit to Maui Jim, a manufacturer of luxury sunglasses. Currently, RLI offers a variety of specialty insurance coverages designed for niche markets that are underserved by the insurance and reinsurance industry.

RLI’s long history of financial strength and stability — evidenced by its A+ “Superior” A.M. Best rating — can be accredited to its unique business model. RLI looks for underserved niches and opportunities to offer enhanced products that are new to the marketplace. The company puts decision-making in the hands of its expert underwriters, which enables producers to quickly and easily get customers the coverages they need.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-18 Future report Set alerts
Q2 2022 2022-07-20 1.49 1.49
Q1 2022 2022-04-20 1.43 1.43
Q4 2021 2022-01-26 1.26 1.26
Q3 2021 2021-10-20 0.65 0.65
Q2 2021 2021-07-21 1.09 1.09
Q1 2021 2021-04-21 0.87 0.87
Q4 2020 2021-01-27 0.75 0.75
Q3 2020 2020-10-21 0.00 0.00
Q2 2020 2020-07-22 0.77 2.04

Ratings

2016-04-23 Reiterated Rating FBR & Co. Hold
2016-04-23 Reiterated Rating Compass Point Hold $55.00 to $58.00
2016-04-23 Reiterated Rating FBR & Co Hold
2016-01-28 Reiterated Rating FBR & Co. Market Perform
2016-01-27 Boost Price Target Compass Point Neutral $52.00 to $55.00
2016-01-07 Upgrade Keefe, Bruyette & Woods Underperform to Market Perform $42.00 to $56.00
2015-10-21 Reiterated Rating Keefe, Bruyette & Woods Sell $42.00
2015-10-21 Reiterated Rating Compass Point Neutral $53.00 to $52.00
2015-10-21 Boost Price Target RBC Capital Sector Perform $56.00 to $58.00
2015-10-21 Boost Price Target Royal Bank Of Canada Sector Perform $56.00 to $58.00
2015-09-03 Boost Price Target FBR & Co. Market Perform $50.00 to $55.00
2015-08-03 Boost Price Target FBR & Co. Outperform $46.00 to $50.00
2015-07-23 Reiterated Rating Keefe, Bruyette & Woods Sell $40.00
2015-07-22 Boost Price Target Keefe, Bruyette & Woods Underperform $36.00 to $40.00
2015-07-22 Boost Price Target Compass Point Neutral $50.00 to $53.00
2015-04-22 Boost Price Target RBC Capital Sector Perform $49.00 to $52.00
2014-10-17 Reiterated Rating Compass Point Neutral $45.00 to $47.00
2014-04-21 Reiterated Rating Compass Point Neutral $42.00 to $44.00
2014-03-31 Lower Price Target Keefe, Bruyette & Woods $38.00 to $36.00
2014-02-10 Initiated Coverage MLV & Co. Buy $29.00
2014-01-17 Downgrade Keefe, Bruyette & Woods Market Perform to Underperform
2013-10-18 Boost Price Target Keefe, Bruyette & Woods Market Perform $80.00 to $90.00
2013-10-17 Boost Price Target Compass Point Neutral $77.00 to $82.00
2013-05-23 Reiterated FBR Capital Mkt Perform $68 to $75
2011-07-22 Reiterated RBC Capital Mkts Sector Perform $58 to $62
2010-01-28 Reiterated FBR Capital Mkt Perform $51 to $50
2010-01-12 Downgrade Stifel Nicolaus Hold to Sell
2008-10-01 Downgrade Friedman Billings Mkt Perform to Underperform $51 to $46
2016-04-23 Reiterated Rating FBR & Co. Hold
2016-04-23 Reiterated Rating Compass Point Hold $55.00 to $58.00
2016-04-23 Reiterated Rating FBR & Co Hold
2016-01-28 Reiterated Rating FBR & Co. Market Perform
2016-01-27 Boost Price Target Compass Point Neutral $52.00 to $55.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MICHAEL JONATHAN E President 1.61%  (692106) RLI / SSNC /
STONE MICHAEL J President RLI Insurance Compan 0.70%  (299869) RLI /
Kliethermes Craig W Exec. V.P./Operations-RLI Ins 0.21%  (90186) RLI /
VIETS ROBERT O 0.18%  (78778) RLI /
Kennedy Daniel O Vice President General Counsel 0.13%  (56164) RLI /
MCPHEETERS F LYNN 0.10%  (42815) RLI /
LINKE CHARLES M 0.10%  (42471) RLI /
BAILY JOHN THOMAS 0.09%  (37477) ENH / GBDC / RLI /
Brown Thomas Lynn VP, CFO/Treasurer 0.08%  (36049) FMBI / RLI /
ALLEN BARBARA R 0.05%  (20992) RLI /
Bryant Todd Wayne Vice President, Controller 0.03%  (14299) RLI /
Diefenthaler Aaron Paul VP, CIO 0.03%  (12846) RLI /
RESTREPO ROBERT P JR 0.02%  (9000) GNW / MJCO / RLI / STFC /
LENROW GERALD I 0.02%  (6959) RLI /
Klobnak Jennifer L Sr. VP, Operations - RLI Ins. 0.01%  (6348) RLI /
Angelina Michael E 0.01%  (4159) RLI /
Graham Jordan W 0.01%  (3923) RLI /
BUTLER CALVIN JR 0.01%  (3228) EXC / RLI /
Scanlan James J. 0.01%  (2548) RLI /