RLI

GeoPark Announces Acquisition of Working Interest in Four High Quality Adjacent Blocks in World Class Vaca Muerta

Retrieved on: 
måndag, maj 13, 2024
Oil, Gas, Energy, Partnership, RLI, Transport, Mercuria, Completion, D&C, Certification, Growth, Barrel, Hydrocarbon, Acquisition, PGR, Multimedia, P50, Eugene McDermott

This press release features multimedia.

Key Points: 
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240513403777/en/
    The Vaca Muerta shale formation is the best onshore hydrocarbons play in Latin America today.
  • It holds an estimated 16 billion bbl of oil and 300+ Tcf of unconventional gas resources with less than 10% developed to date1
    Oil production from Vaca Muerta has grown almost 4x since 2019 to 352,715 bopd2.
  • We are particularly encouraged by achieving this strategic step change alongside PGR, a proven and established operator with world class shareholders and great success in efficiently developing and de-risking the unconventional opportunities in Vaca Muerta.”

RLI Names Deb Millum as Vice President, Claim

Retrieved on: 
fredag, maj 10, 2024
Insurance, Professional Services, Umbrella, Transport, RLI Corp., RLI, Saint Louis University, Assistant, Law, University, Management

RLI Corp. (NYSE: RLI) -- RLI Corp. announced today the promotion of Deb Millum to Vice President, Claim.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- 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.
  • Millum joined RLI in 2017 as Director, Claim Counsel and was promoted to Assistant Vice President, Claim Counsel in 2019.
  • “Deb brings deep claim and legal expertise to her new role,” said RLI Corp. Chief Operating Officer Jen Klobnak.

Apparel Group kicked off 2024 with a robust expansion, unveiling the inauguration of 47 new stores across the Middle East and India in the first quarter

Retrieved on: 
måndag, maj 6, 2024
Online, Sale, Dubai Hills Mall, Equity, RLI, New York Regents Examinations, Woman, Forest Essentials, Retail, Empowerment, Partnership, EFQM, Inclusion, Crocs, Culture, Quality management, KSA, GCC, European Foundation, Dubai Holding, Social responsibility, Growth, Food delivery

Sima Ganwani Ved's participation highlights Apparel Group's dedication to championing women empowerment and diversity on a global stage.

Key Points: 
  • Sima Ganwani Ved's participation highlights Apparel Group's dedication to championing women empowerment and diversity on a global stage.
  • In February, Apparel Group was announced as Headline Partner for RLI MENA Awards and Lifestyle Partner for RLI MENA Connect in Riyadh, KSA.
  • As the momentum continued into April, Apparel Group intensified its expansion efforts with the unveiling of 47 new stores across the Middle East and India in Q1 2024.
  • For more information about Apparel Group and its latest initiatives, please visit the official website at https://apparelglobal.com/en/

RLI Increases Regular Dividend for 49th Consecutive Year

Retrieved on: 
torsdag, maj 2, 2024
Insurance, Professional Services, RLI Corp., RLI, Holding company

RLI Corp. (NYSE: RLI) – 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.

Key Points: 
  • RLI Corp. (NYSE: RLI) – 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 has increased dividends in each of the last 49 years.
  • The company’s dividend yield would be 0.81% based on the $1.16 indicated annual dividend and yesterday’s closing stock price of $143.25.

RLI Reports First Quarter 2024 Results

Retrieved on: 
måndag, april 22, 2024
Insurance, Professional Services, RLI, News, Policy, Risk, Annual report, Security (finance), Superior, Form, Tax, Acquisition, EPS, CDT, GAAP, Interest, Bank

RLI’s comprehensive earnings were $115.2 million for the quarter ($2.50 per share), compared to $136.5 million ($2.97 per share) for the same quarter in 2023.

Key Points: 
  • RLI’s comprehensive earnings were $115.2 million for the quarter ($2.50 per share), compared to $136.5 million ($2.97 per share) for the same quarter in 2023.
  • In addition to net earnings, comprehensive earnings for 2024 included after-tax unrealized losses from the fixed income portfolio, due to rising interest rates.
  • On March 20, 2024, the company paid a regular quarterly dividend of $0.27 per share, the same amount as the prior quarter.
  • At 10 a.m. central daylight time (CDT) on April 23, 2024, RLI management will hold a conference call to discuss quarterly results with insurance industry analysts.

RLI First Quarter Earnings Release & Teleconference

Retrieved on: 
måndag, april 8, 2024
Insurance, Professional Services, CDT, RLI Corp., RLI, Q4

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

Key Points: 
  • RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its first quarter 2024 earnings after market close on Monday, April 22, 2024.
  • The company will hold its quarterly conference call to discuss first quarter results on Tuesday, April 23, 2024 at 10 a.m. CDT.
  • This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/397005913 .

Dax Hayden Recognized as the 2023 RLI APEX National Broker of the Year in Ag Land Ranch Sales

Retrieved on: 
torsdag, mars 21, 2024
Land, Conference, RLI, Herrity, The Land Institute, The Land Report, RCE, APEX, MBA, CO, Dax, ID, Marketing, Advertising, Real estate

Windsor, CO, March 21, 2024 (GLOBE NEWSWIRE) -- Dax Hayden, with Hayden Outdoors Real Estate in Windsor, CO, has been recognized as the APEX 2023 National Broker of the Year in Ag Land Ranch Sales by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report.

Key Points: 
  • Windsor, CO, March 21, 2024 (GLOBE NEWSWIRE) -- Dax Hayden, with Hayden Outdoors Real Estate in Windsor, CO, has been recognized as the APEX 2023 National Broker of the Year in Ag Land Ranch Sales by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report.
  • This is the 2nd year in a row the Kansas native has outsold the country in Ranch land sales.
  • Dax is joined by many other agents within Hayden Outdoors Real Estate that have sold a tremendous amount of land in 2023.
  • Forty two agents and brokers had sold over $5 Million in land sales within the brokerage in 2023, helping the brokerage to over $1 Billion in land sales in 2023 and over $5 Billion since 2019.

Prairie Provident Announces Year-End 2023 Reserves

Retrieved on: 
torsdag, februari 22, 2024
TP, PDP, RLI, Oil, Operational definition, National instrument, P+P, PPR

(1) PPR calculates Reserve Life Index (RLI) based on the estimated reserves amount as at December 31, 2023 for the relevant reserves category, as evaluated by Sproule, divided by actual 2023 annual production.

Key Points: 
  • (1) PPR calculates Reserve Life Index (RLI) based on the estimated reserves amount as at December 31, 2023 for the relevant reserves category, as evaluated by Sproule, divided by actual 2023 annual production.
  • See “Cautionary Statements – Disclosure of Oil and Gas Reserves Data and Operational Information” and “Cautionary Statements – Reserve Life Index”.
  • This resulted in positive reserve additions of 0.3 MMboe, 0.1 MMboe, and 0.1 MMboe for PDP, TP, and P+P reserves, respectively.
  • The following table is a summary of the Company's estimated reserves as at December 31, 2023, as evaluated in the Sproule Report.

RLI Names Kerrick Porter as Vice President, Executive Products Group

Retrieved on: 
torsdag, februari 29, 2024
Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Insurance, Registered, Assistant, Rawls College of Business, RLI, MBA, University, Texas Tech University, Business, RLI Corp., Central Zone, Management

RLI Corp. (NYSE: RLI) announced the promotion of Kerrick Porter to Vice President, RLI Executive Products Group, effective May 17, 2024.

Key Points: 
  • RLI Corp. (NYSE: RLI) 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.
  • Porter joined RLI in 2007 as Senior Underwriter and was promoted to Assistant Vice President – Central Zone, Executive Products Group in 2012.
  • “I am confident that Kerrick will position the Executive Products Group for ongoing success and ensure we continue to deliver superior insurance solutions and service to customers in this market.”

GeoPark Announces 2P Reserve Replacement of 110%

Retrieved on: 
onsdag, februari 21, 2024
Energy, Other Energy, Oil, Gas, Geopark, Barrel, Tax, RLI, RRR, Probability, Possibility, Everette Lee DeGolyer, Airline

All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.

Key Points: 
  • All reserves included in this release refer to GeoPark working interest before royalties paid in kind, except when specified.
  • During 2023, GeoPark added 14.0 mmboe of net 2P reserves, which after producing 12.7 mmboe resulted in 2P reserves of 115.1 mmboe, representing a 110% 2P Reserve Replacement Ratio (RRR).
  • The improved recovery from the horizontal well drilling campaign and waterflooding projects in the Llanos 34 Block (GeoPark operated, 45% WI) also added 2P reserves.
  • D&M estimated future development capital required to develop 1P reserves at $126 million, and $310 million to develop 2P reserves.