Last $48.43 USD
Change Today +0.04 / 0.08%
Volume 70.4K
RLI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

rli corp (RLI) Snapshot

Open
$48.29
Previous Close
$48.39
Day High
$48.60
Day Low
$47.88
52 Week High
12/31/14 - $50.68
52 Week Low
04/11/14 - $39.23
Market Cap
2.1B
Average Volume 10 Days
83.8K
EPS TTM
$2.61
Shares Outstanding
43.1M
EX-Date
02/25/15
P/E TM
18.6x
Dividend
$0.72
Dividend Yield
7.68%
Current Stock Chart for RLI CORP (RLI)

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rli corp (RLI) Details

RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States. Its Casualty segment provides general liability products consisting of coverage for third party liability of commercial insureds, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile. This segment also offers coverages in the area of environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; commercial and personal umbrella liability insurance; commercial automobile liability and physical damage insurance products; other types of commercial automobile risks; and incidental insurance coverages, including general liability, excess liability, and motor truck cargo. In addition, it provides various management professional liability coverages, such as directors and officers liability insurance, employment practices liability, fiduciary liability, and fidelity coverages; professional liability coverages; medical professional liability insurance; and various other products, including home business insurance, which provides limited liability and property coverage for various small business owners. The company’s Property segment comprises primarily of commercial fire; earthquake; difference in conditions; marine; facultative and treaty reinsurance, including crop and property; and personal lines policies, such as recreational vehicle and Hawaii homeowners coverages. The company’s Surety segment specializes in writing small-to-large commercial and contract surety coverages, as well as surety coverages for the energy, petrochemical, and refining industries; and offers miscellaneous bonds, including license and permit, notary, and court bonds. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

rli corp (RLI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $750.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $373.7K
Director, Member of Finance & Investment Comm...
Total Annual Compensation: $515.0K
Vice President and General Counsel
Total Annual Compensation: $325.1K
Executive Vice President of Operations - Prin...
Total Annual Compensation: $385.7K
Compensation as of Fiscal Year 2013.

rli corp (RLI) Key Developments

RLI Corp. Declares Quarterly Cash Dividend, Payable on March 20, 2015

RLI Corp. board of directors has declared a first quarter regular cash dividend of $0.18 per share, the same amount as the prior quarter. The dividend is payable on March 20, 2015, to shareholders of record as of February 27, 2015.

RLI Corp. Announces Executive Promotions

RLI Corp. announced it has promoted several leaders within the claim department to position the company for continued success. The following changes are effective immediately. Don Driscoll Promoted to Vice President, Chief Claim Officer Don Driscoll, Vice President, Claim, has been promoted to Vice President, Chief Claim Officer. Driscoll will retain responsibility for management oversight of the claim department. Driscoll joined the company in 1996 as Director, Coverage and Casualty Claim. He held various positions in the claim department until being promoted to Vice President, Claim, in 2000. Driscoll has more than 25 years of insurance industry experience. Ira Sussman Promoted to Vice President, Surety and Design Professional Claims Ira Sussman, Assistant Vice President, Claim, has been promoted to Vice President, Surety and Design Professional Claims. Sussman will continue to be responsible for the successful handling and resolution of surety and design professional claims. Sussman joined the company in 2008 as Assistant Vice President, Claim, and has more than 15 years of insurance industry experience. Brian Casey Promoted to Vice President, Chief Claim Counsel Brian Casey, Vice President & Claim Counsel, has been promoted to Vice President, Chief Claim Counsel. Brian will retain responsibility for supervising the management of claim-related litigation and providing legal advice to the company on a variety of claim-related matters. Casey joined the company in 1996 as Manager, Casualty Claims. He held various positions in the claim department until being promoted to Vice President & Claim Counsel in 2002. Casey has more than 25 years of insurance industry experience. Betsy McLaughlin Promoted to Vice President, Claim Counsel. Betsy McLaughlin, Assistant Vice President, Assistant Claim Counsel, has been promoted to Vice President, Claim Counsel. Betsy will continue to be responsible for managing claim-related litigation against the company and providing legal advice and counsel to the claim department. McLaughlin joined the company in 2000 as Director, Claim, and held various positions in the claim department until being promoted to Assistant Vice President, Assistant Claim Counsel in 2012. McLaughlin has more than 20 years of insurance industry experience.

RLI Mulls Acquisitions

RLI Corp. (NYSE:RLI) is looking for acquisitions. Jon Michael, Chairman and Chief Executive Officer of RLI Corp. said (regarding acquisitions), "There is a good bit of I would say activity across the industry and we are not- we see quite a few opportunities. I mean, some of the recent ones have been megamergers, but we continue to look for those opportunities. We will continue to look for ways to deploy this capital. That is our preferred method of using the capital is deploy it ourselves and return higher than just what you would be getting for a dividend."

 

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Industry Analysis

RLI

Industry Average

Valuation RLI Industry Range
Price/Earnings 15.7x
Price/Sales 2.7x
Price/Book 2.5x
Price/Cash Flow 15.4x
TEV/Sales 2.4x
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