RLI

RLI First Quarter Earnings Release & Teleconference

Retrieved on: 
Monday, 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: 
Thursday, March 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: 
Thursday, February 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: 
Thursday, February 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: 
Wednesday, February 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.

RLI Declares Regular Dividend

Retrieved on: 
Thursday, February 8, 2024
Insurance, Professional Services, RLI Corp., RLI, Holding company

RLI Corp. (NYSE: RLI) – 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.

Key Points: 
  • RLI Corp. (NYSE: RLI) – 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 has increased dividends in each of the last 48 years.
  • The company’s dividend yield would be 0.79% based on the $1.08 indicated annual dividend and yesterday’s closing stock price of $137.38.

RLI Reports Fourth Quarter and Year-End 2023 Results

Retrieved on: 
Wednesday, January 24, 2024
Insurance, Professional Services, RLI, Risk, Annual report, Policy, Form, Sale, Tax, GAAP, CST, Acquisition, EPS, Interest, News, Security (finance), Cryptocurrency

For the year ended December 31, 2023, net investment income was $120.4 million, compared to $86.1 million for the same period in 2022.

Key Points: 
  • For the year ended December 31, 2023, net investment income was $120.4 million, compared to $86.1 million for the same period in 2022.
  • RLI’s comprehensive earnings were $216.2 million for the quarter ($4.69 per share), compared to $113.3 million ($2.47 per share) for the same quarter in 2022.
  • In addition to net earnings, comprehensive earnings for 2023 included after-tax unrealized gains from the fixed income portfolio, due to declining interest rates.
  • RLI has paid dividends for 190 consecutive quarters and increased regular dividends in each of the last 48 years.

Amwins Announces Jason Kunert as New Head of Claims

Retrieved on: 
Tuesday, January 16, 2024
Nationwide, RLI, Specialization, Insurance

CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Amwins , a global distributor of specialty insurance products and services, today announced the appointment of Jason Kunert to the newly created position of Amwins' Head of Claims.

Key Points: 
  • CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Amwins , a global distributor of specialty insurance products and services, today announced the appointment of Jason Kunert to the newly created position of Amwins' Head of Claims.
  • In his new role, Kunert will be responsible for leading efforts around building and managing Amwins' formal claims infrastructure to support its ever-growing business.
  • "We're excited to bring Jason on as our first-ever head of claims, reinforcing the strategic investments we're making to continue driving value for our clients as we help them win."
  • Kunert is an industry veteran with more than 30 years of experience, most recently with Hiscox USA leading a claims group handling General Liability, Allied Health and Entertainment claims throughout the country.

AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries

Retrieved on: 
Thursday, January 11, 2024
Professional Services, Data Analytics, Other Professional Services, Insurance, Finance, Consulting, RLI, RLI Corp., Credit, ALL, FSR, Superior, News, AM Best

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of the members of RLI Group (RLI).
  • In addition, AM Best has affirmed the Long-Term ICR of “a” (Excellent) of RLI’s publicly traded parent holding company, RLI Corp. [NYSE: RLI].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.

Retrieved on: 
Thursday, January 11, 2024
Insurance, Professional Services, RLI, RLI Corp., ICRS, FSR, ICR, Credit, Superior, CBIC, Data, News

RLI Corp. (NYSE: RLI) -- 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.

Key Points: 
  • RLI Corp. (NYSE: RLI) -- 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).
  • AM Best also affirmed the Long-Term Issuer Credit Ratings (ICR) for each RLI company.
  • The RLI Corp. ICR of “a” (Excellent) was affirmed and the ICRs of “aa” (Superior) have been affirmed for the following subsidiaries: RLI Insurance Company, Mt.