RLI partners with TruckerCloud to benefit the transportation insurance business of the Casualty segment.
RLI's portfolio, business expansion, rate rise, expanded distribution and operational strength drive growth. Yet, high expenses induce margin contraction, which is a concern.
A strong local branch office network, a focus on specialty insurance lines and an impressive record of underwriting profits poise RLI for growth.
RLI Corp. (RLI) reported earnings 30 days ago. What's next for the stock?
RLI delivered an alright quarter, but there has been some mounting competition in major areas like hurricanes and earthquakes. There is also a major move they've taken to drive up rates for automotive insurance due to higher repair costs and severity of events. End markets have absorbed this well so far, and at least the frequency of events has not been up.
The heavy selling pressure might have exhausted for RLI Corp. (RLI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
RLI Corp. (NYSE:RLI ) Q4 2024 Earnings Conference Call January 23, 2024 11:00 AM ET Company Participants Aaron Diefenthaler - Chief Investment Officer and Treasurer Craig Kliethermes - President and Chief Executive Officer Jen Klobnak - Chief Operating Officer Todd Bryant - Chief Financial Officer Kyle Swafford - Senior Underwriter Conference Call Participants Michael Phillips - Oppenheimer Gregory Peters - Raymond James Andrew Anderson - Jefferies Bill Carcache - Wolfe Research Scott Heleniak - RBC Meyer Shields - KBW Casey Alexander - Compass Point Jamie Inglis - Philo Smith Heather Takahashi - Thrivent Operator Good morning, and welcome to the RLI Corp. Fourth Quarter Earnings Teleconference. After management's prepared remarks, we will open the conference up for questions-and-answers.
RLI's Q4 earnings reflect higher premiums and improved investment income, partially offset by escalating expenses and poor underwriting income.
The headline numbers for RLI Corp. (RLI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
RLI Corp. (RLI) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.77 per share a year ago.
RLI stock is poised to gain from a strong local branch office network, a focus on specialty insurance lines and an impressive record of underwriting profits.
Besides Wall Street's top -and-bottom-line estimates for RLI Corp. (RLI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.