Articles from RLI Corp.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2025. RLI is ranked 9th out of the top 100 large U.S. companies that received the award.

RLI Corp. (NYSERLI) – RLI Corp. reported fourth quarter 2024 net earnings of $40.9 million ($0.44 per share), compared to $114.6 million ($1.24 per share) for the fourth quarter of 2023. Operating earnings(1) for the fourth quarter of 2024 were $38.4 million ($0.41 per share), compared to $71.1 million ($0.77 per share) for the same period in 2023.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its fourth quarter 2024 earnings after market close on Wednesday, January 22, 2025.

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split.

RLI Corp. (NYSERLI) – RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per share), compared to $13.5 million ($0.29 per share) for the third quarter of 2023. Operating earnings(1) for the third quarter of 2024 were $60.4 million ($1.31 per share), compared to $28.3 million ($0.61 per share) for the same period in 2023.

RLI Corp. (NYSERLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its third quarter 2024 earnings after market close on Monday, October 21, 2024.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported second quarter 2024 net earnings of $82.0 million ($1.78 per share), compared to $77.7 million ($1.69 per share) for the second quarter of 2023. Operating earnings(1) for the second quarter of 2024 were $79.3 million ($1.72 per share), compared to $53.3 million ($1.16 per share) for the same period in 2023.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 34th consecutive year. RLI is the only company that has been named to the list every year since its inception in 1991.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its second quarter 2024 earnings after market close on Monday, July 22, 2024.

RLI Corp. (NYSERLI) -- RLI Corp. announced today the promotion of Deb Millum to Vice President, Claim. In her new role, Millum will assume executive leadership and oversight responsibility for RLI’s Transportation, Non-Transportation Auto and Personal Umbrella product claims.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023. Operating earnings(1) for the first quarter of 2024 were $87.4 million ($1.89 per share), compared to $75.0 million ($1.63 per share) for the same period in 2023.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024.

RLI Corp. (NYSERLI) announced the promotion of Kerrick Porter to Vice President, RLI Executive Products Group, effective May 17, 2024. In his new role, Porter will assume executive leadership and oversight responsibility of the group, which offers comprehensive professional liability coverages for the executive suite. He replaces Chad Berberich, who will be retiring on May 17 after 21 years of dedicated service to RLI.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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 Corp. (NYSERLI) – RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million ($2.49 per share), compared to $97.8 million ($2.13 per share) for the fourth quarter of 2022. Operating earnings(2)(3) for the fourth quarter of 2023 were $71.1 million ($1.54 per share), compared to $70.5 million ($1.53 per share) for the same period in 2022.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).

RLI Corp. announced today that it has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2024. RLI is ranked 27th out of the top 100 large U.S. companies that received the award and is the only insurance company to be recognized.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its fourth quarter 2023 earnings after market close on Wednesday, January 24, 2024.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $91 million, and a regular quarterly cash dividend of $0.27 per share. Both dividends are payable on December 20, 2023, to shareholders of record as of November 30, 2023.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that Phil Brodeur has been promoted to Vice President, Risk Services. In his new role, Brodeur will have executive leadership and oversight responsibility for RLI’s pricing, reserving, risk management, reinsurance and due diligence functions. He replaces Chris Randall, who will be retiring in February 2024, after 22 years of dedicated service to RLI.

RLI Corp. (NYSERLI) – RLI Corp. reported third quarter 2023 net earnings of $13.5 million ($0.29 per share), compared to $439.9 million ($9.61 per share) for the third quarter of 2022, which included $437.7 million from the sale of RLI’s investment in Maui Jim, Inc.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its third quarter 2023 earnings after market close on Monday, October 23, 2023.

RLI Corp. (NYSERLI) – RLI Corp. (RLI) announced today an estimated range of pretax net catastrophe losses from Hawaiian wildfires of $65 million to $75 million, to be reflected in the third quarter of 2023. This range, which is net of reinsurance recoverables and includes reinstatement premiums, is based on the impact to approximately 200 structures where RLI provided primarily homeowners insurance. Loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information currently available.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported second quarter 2023 net earnings of $77.7 million ($1.69 per share), compared to a net loss of $2.2 million ($0.05 per share) for the second quarter of 2022. Operating earnings(1)(2) for the second quarter of 2023 were $53.3 million ($1.16 per share), compared to $60.7 million ($1.34 per share) for the same period in 2022.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 33rd consecutive year. RLI is the only company that has been named to the list since its inception in 1991.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its second quarter 2023 earnings after market close on Monday, July 24, 2023.

RLI Corp. (NYSERLI) – RLI Corp. announced today that is has promoted two leaders within its Claim and Claim Counsel teams. The following promotions are effective immediately.

RLI Corp. (NYSERLI) -- RLI Transportation, a division of RLI Insurance Company, announced today a partnership with Motive, a technology company that combines IoT hardware with AI-powered applications to help improve the safety and productivity of vehicle fleets and industrial operations.

RLI Corp. (NYSERLI) announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported first quarter 2023 net earnings of $98.8 million ($2.15 per share), compared to $47.9 million ($1.05 per share) for the first quarter of 2022. Operating earnings(1) for the first quarter of 2023 were $75.0 million ($1.63 per share), compared to $60.4 million ($1.32 per share) for the same period in 2022.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its first quarter 2023 earnings after market close on Wednesday, April 19, 2023.

RLI Corp. (NYSERLI) – RLI Insurance Company announced today the launch of RLI Safety Solutions™, a comprehensive suite of safety consulting services for small and midsized commercial transportation fleet operators.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported fourth quarter 2022 net earnings of $97.8 million ($2.13 per share), compared to $95.3 million ($2.08 per share) for the fourth quarter of 2021. Operating earnings(1) for the fourth quarter of 2022 were $70.5 million ($1.53 per share), compared to $55.3 million ($1.21 per share) for the same period in 2021.

RLI Corp. (NYSERLI) announced today that it will release its fourth quarter 2022 earnings after market close on Wednesday, January 25, 2023.

RLI Corp. (NYSERLI) -- RLI Corp. announced today the retirement and promotion of several product leaders.

RLI Corp. (NYSERLI) – RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $7.00 per share of common stock, which is expected to total approximately $320 million, and a regular quarterly cash dividend of $0.26 per share. Both dividends are payable on December 20, 2022, to shareholders of record as of November 30, 2022.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported third quarter 2022 net earnings of $439.9 million ($9.61 per share), compared to net earnings of $29.2 million ($0.64 per share) for the third quarter of 2021. Operating earnings(1) for the third quarter of 2022 were $23.0 million ($0.50 per share), compared to $25.6 million ($0.56 per share) for the same period in 2021.

RLI Corp. (NYSERLI) – RLI Corp. (RLI) announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its third quarter 2022 earnings after market close on Wednesday, October 19, 2022.

RLI Corp. (NYSERLI) – RLI Corp. (RLI) announced today that it has completed the previously announced sale of its minority interest in Maui Jim, Inc. (Maui Jim) to Kering Eyewear, an affiliate of Kering S.A., a French-based multinational corporation specializing in luxury goods. The aggregate pre-tax proceeds received by RLI at closing for the Maui Jim shares owned by RLI was $686.6 million, after taking into account certain adjustments at closing. The purchase price payable to RLI in exchange for the Maui Jim shares owned by RLI remains subject to customary post-closing working capital and other adjustments.

RLI Corp. (NYSERLI) -- RLI Surety, a division of RLI Insurance Company, announced today an exclusive partnership with Notary Hub™ by Everything Legal. Through this partnership, RLI Surety agents and brokers who are authorized to offer notary bonds will be able to offer Notary Hub’s full-service Remote Online Notary (RON) platform to their notary customers.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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 Corp. (NYSERLI) – RLI Corp. reported second quarter 2022 net loss of $2.2 million (-$0.05 per share), compared to net earnings of $81.8 million ($1.79 per share) for the second quarter of 2021. Operating earnings(1) for the second quarter of 2022 were $67.4 million ($1.49 per share), compared to $49.9 million ($1.09 per share) for the same period in 2021.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 32nd consecutive year. RLI is one of only two companies that has been named to the list since its inception in 1991.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its second quarter 2022 earnings after market close on Wednesday, July 20, 2022.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that it has named two leaders to new roles.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported first quarter 2022 net earnings of $47.9 million ($1.05 per share), compared to $73.0 million ($1.60 per share) for the first quarter of 2021. Operating earnings(1) for the first quarter of 2022 were $65.5 million ($1.43 per share), compared to $39.6 million ($0.87 per share) for the same period in 2021.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its first quarter 2022 earnings after market close on Wednesday, April 20, 2022.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it has agreed to sell its minority interest in Maui Jim, Inc. For additional information, please refer to the Form 8-K filed today by RLI Corp. in connection with the transactions described herein which is available on RLI’s website at www.rlicorp.com and on the SEC's EDGAR website.

RLI Corp. (NYSERLI) – RLI Corp. announced today 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.

RLI Corp. (NYSERLI) – RLI Corp. reported fourth quarter 2021 net earnings of $95.3 million ($2.08 per share), compared to $83.8 million ($1.84 per share) for the fourth quarter of 2020. Operating earnings(1) for the fourth quarter of 2021 were $57.7 million ($1.26 per share), compared to $34.0 million ($0.75 per share) for the same period in 2020.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its fourth quarter 2021 earnings after market close on Wednesday, January 26, 2022.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that it has promoted two leaders to new roles, effective immediately.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that its A+ (Superior) financial strength rating (FSR) has been affirmed by AM Best Company for the following insurance subsidiaries: RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company (CBIC).

RLI Corp. (NYSERLI) – RLI Corp. announced today that the RLI Board of Directors has appointed Craig W. Kliethermes as President and Chief Executive Officer (CEO) and Jennifer L. Klobnak as Chief Operating Officer (COO), effective January 1, 2022. These leadership changes will coincide with the planned retirement of current company Chairman & CEO Jonathan E. Michael at the end of 2021.

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $90 million, and a regular quarterly cash dividend of $0.25 per share. Both dividends are payable on December 20, 2021, to shareholders of record as of November 30, 2021.

RLI Corp. (NYSERLI) – RLI Corp. reported third quarter 2021 net earnings of $29.2 million ($0.64 per share), compared to $42.4 million ($0.93 per share) for the third quarter of 2020. Operating earnings(1) for the third quarter of 2021 were $29.8 million ($0.65 per share), compared to $19.0 million ($0.42 per share) for the same period in 2020.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its third quarter 2021 earnings after market close on Wednesday, October 20, 2021.

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a third quarter regular cash dividend of $0.25 per share, unchanged from the prior quarter. The dividend is payable on September 20, 2021, to shareholders of record as of August 31, 2021.

RLI Corp. (NYSERLI) – RLI Corp. reported second quarter 2021 net earnings of $81.8 million ($1.79 per share), compared to $92.2 million ($2.04 per share) for the second quarter of 2020. Operating earnings(1) for the second quarter of 2021 were $49.9 million ($1.09 per share), compared to $34.8 million ($0.77 per share) for the same period in 2020.

RLI Corp. (NYSERLI) -- RLI Corp. announced today that RLI Insurance Company has been named to Ward’s 50® top-performing insurance companies list for the 31st consecutive year. RLI is one of only two companies that has been named to the list since its inception in 1991.

RLI Corp. (NYSERLI) – RLI Corp. announced today that it will release its second quarter 2021 earnings after market close on Wednesday, July 21, 2021.

RLI Corp. (NYSERLI) – RLI Corp. announced today its Board of Directors has declared a second quarter regular cash dividend of $0.25 per share, a $0.01 increase over the prior quarter. The dividend is payable on June 18, 2021, to shareholders of record as of May 28, 2021.

RLI Corp. (NYSERLI) – RLI Corp. reported first quarter 2021 net earnings of $73.0 million ($1.60 per share), compared to a net loss of $61.3 million (-$1.36 per share) for the first quarter of 2020. Operating earnings(1) for the first quarter of 2021 were $39.6 million ($0.87 per share), compared to $29.8 million ($0.66 per share) for the same period in 2020.