RLI Corp.: Mounting Competition In Property, But No Alarms [Seeking Alpha]
RLI Corp. (DE) (RLI)
Last rli corp. (de) earnings: 4/21 04:10 pm
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US:NYSE Investor Relations:
rlicorp.com/investors
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Source: Seeking Alpha
The company remains cautious in pushing into the property space due to higher rents and less discipline by competitors, but rate increases remain excellent, driving growth there. Underlying investment income is supported by the higher rate environment. Also, discretionary tech investments are part of the headwinds, only for now. There is still space for corporate cost improvement later on, and the conditions remain good in property. No alarms to raise, but the premium on RLI is high and things aren't trending that well. Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More » RLI Corp. ( NYSE: RLI ) delivered yet another strong quarter, challenged by some gradual business downsizing in the casualty space as well as by pretty large claims associated to wildfires and storms in 2023. RLI continues to be focused on discipline in underwriting, and it shows on the call, with them being relatively cauti
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RLI
News
- RLI Corp. (NYSE: RLI) had its price target raised by analysts at Compass Point from $158.00 to $175.00. They now have a "buy" rating on the stock.MarketBeat
- RLI Corp. (NYSE: RLI) had its price target raised by analysts at Royal Bank of Canada from $148.00 to $155.00. They now have a "sector perform" rating on the stock.MarketBeat
- RLI Corp. (NYSE:RLI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- RLI's Q1 Earnings Top Estimates on Strong Segmental Results [Yahoo! Finance]Yahoo! Finance
- RLI Corp. (NYSE: RLI) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
RLI
Earnings
- 4/22/24 - Beat
RLI
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- 4/22/24 - Form 8-K
- RLI's page on the SEC website