RLI | Jotup

RLI Reports Third Quarter 2023 Results

Retrieved on:

Monday, October 23, 2023

Insurance, Professional Services, RLI, Sale, Policy, Security (finance), Tax, News, Securities and Exchange Commission of Pakistan, Form, GAAP, Acquisition, Interest, EPS, Risk, Annual report, CDT, Cryptocurrency, Bank

The investment portfolio’s total return was -1.7% for the quarter and 2.2% for the nine months ended September 30, 2023.

Key Points:

The investment portfolio’s total return was -1.7% for the quarter and 2.2% for the nine months ended September 30, 2023.
RLI’s comprehensive loss was $43.3 million for the quarter (-$0.94 per share), compared to comprehensive earnings of $358.6 million ($7.84 per share) for the same quarter in 2022.
On September 20, 2023, 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) tomorrow, October 24, 2023, RLI management will hold a conference call to discuss quarterly results with insurance industry analysts.

RLI Third Quarter Earnings Release & Teleconference

Retrieved on:

Monday, October 2, 2023

Insurance, Professional Services, RLI, CDT, Q4, NYSE, RLI Corp., Rare-earth element, Self storage, Property insurance

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

Key Points:

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its third quarter 2023 earnings after market close on Monday, October 23, 2023.
The company will hold its quarterly conference call to discuss third quarter results on Tuesday, October 24, 2023 at 10 a.m. CDT.
This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/461007055 .

RLI Implements Guidewire ClaimCenter on Guidewire Cloud to Enhance Claim Operations

Retrieved on:

Monday, September 25, 2023

Data Management, Professional Services, Technology, Insurance, Software, Cloud, RLI, Maintenance, P&C, NYSE, Guy-wire

Guidewire (NYSE: GWRE) announced that RLI, a U.S.-based specialty property and casualty (P&C) insurer, implemented Guidewire ClaimCenter on Guidewire Cloud to power its claim operations and enhance the claim experience for agents and policyholders.

Key Points:

Guidewire (NYSE: GWRE) announced that RLI, a U.S.-based specialty property and casualty (P&C) insurer, implemented Guidewire ClaimCenter on Guidewire Cloud to power its claim operations and enhance the claim experience for agents and policyholders.
The company implemented ClaimCenter onto Guidewire Cloud simultaneously for all lines of business.
“We aim to deliver the best claim experience and service possible to our customers,” said RLI Vice President of Claim Matt Campen.
“Moving to Guidewire Cloud has helped us expand our claim service and support capabilities, simplify the claim management process, and reduce ongoing platform maintenance work.”
Guidewire Chief Customer Officer Christina Colby commented, “We are proud to partner with RLI as they leverage ClaimCenter on Guidewire Cloud to support their products and grow the business into the future.”

RLI Announces Hawaiian Wildfire Loss Estimates

Retrieved on:

Wednesday, August 23, 2023

Commercial Building & Real Estate, Natural Disasters, Construction & Property, Insurance, Environment, Professional Services, Other Construction & Property, Residential Building & Real Estate, RLI, CDT, News, NYSE, RLI Corp., Risk, Annual report, Cryptocurrency

RLI Corp. (NYSE: RLI) – 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.

Key Points:

RLI Corp. (NYSE: RLI) – 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.
Loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information currently available.
“RLI has served homeowners in Hawaii for more than 25 years,” said RLI Corp. President & CEO Craig Kliethermes.
As noted above, loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information currently available.

RLI Declares Regular Dividend

Retrieved on:

Thursday, August 10, 2023

Professional Services, Insurance, Finance, RLI, NYSE, RLI Corp., Holding company

RLI Corp. (NYSE: RLI) – 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.

Key Points:

RLI Corp. (NYSE: RLI) – 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 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 $136.45.

RLI Reports Second Quarter 2023 Results

Retrieved on:

Monday, July 24, 2023

The investment portfolio’s total return was 1.1% for the quarter and 3.9% for the six months ended June 30, 2023.

Key Points:

The investment portfolio’s total return was 1.1% for the quarter and 3.9% for the six months ended June 30, 2023.
RLI’s comprehensive earnings were $57.9 million for the quarter ($1.26 per share), compared to a comprehensive loss of $99.8 million ($2.20 per share) for the same quarter in 2022.
On June 20, 2023, the company paid a regular quarterly dividend of $0.27 per share, a $0.01 increase over the prior quarter.
At 10 a.m. central daylight time (CDT) tomorrow, July 25, 2023, RLI management will hold a conference call to discuss quarterly results with insurance industry analysts.

RLI Named to Ward’s 50® Top Performing Insurance Companies List for 33rd Consecutive Year

Retrieved on:

Tuesday, July 11, 2023

Professional Services, Insurance, Finance, Ward, RLI, Benchmarking, Safety, NYSE, RLI Corp.

RLI Corp. (NYSE: RLI) -- 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.

Key Points:

RLI Corp. (NYSE: RLI) -- 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.
“We’re honored to be recognized as a top performer in the industry for the 33rd consecutive year,” said RLI Corp. President & CEO Craig Kliethermes.
The Ward's 50® top-performing insurance companies list recognizes property-casualty insurance companies domiciled in the United States that have passed all safety and consistency screens and achieved superior performance over a five-year period (2018-2022).

RLI Second Quarter Earnings Release & Teleconference

Retrieved on:

Monday, July 10, 2023

Professional Services, Insurance, Finance, RLI, CDT, Q4, NYSE, RLI Corp., Rare-earth element, Self storage, Property insurance

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

Key Points:

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its second quarter 2023 earnings after market close on Monday, July 24, 2023.
The company will hold its quarterly conference call to discuss second quarter results on Tuesday, July 25, 2023 at 10 a.m. CDT.
This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/705943023 .

RLI Announces Claim Leadership Promotions

Retrieved on:

Friday, June 30, 2023

Professional Services, Legal, Insurance, RLI, Cancio, Environmental Liability Directive 2004, Sia Figiel, Assistant, RLI Corp., Claim, Biophysical environment, Commercial general liability insurance, Counsel, NYSE

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that is has promoted two leaders within its Claim and Claim Counsel teams.

Key Points:

RLI Corp. (NYSE: RLI) – RLI Corp. announced today that is has promoted two leaders within its Claim and Claim Counsel teams.
Cory Figiel, Assistant Vice President, Claim has been promoted to Vice President, Claim with executive leadership responsibility for Professional Liability, Environmental Liability and Executive Products Group claims.
Marcos Cancio, Assistant Vice President, Claim Counsel has been promoted to Vice President, Claim Counsel with executive leadership responsibility for and oversight of company claim-related litigation.
He was promoted to Assistant Vice President, Casualty Claim in 2019 where he built and managed the South-Central Casualty Claim team, and most recently returned to the Office of Claim Counsel where he served as Northeast Casualty Claim Counsel.

RLI Transportation Announces Partnership With Motive

Retrieved on:

Thursday, June 22, 2023

RLI Corp. (NYSE: RLI) -- 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.

Key Points:

RLI Corp. (NYSE: RLI) -- 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.
The partnership will provide RLI Transportation customers who have commercial fleets of any size, including those in the 1-10 vehicle space, with enhanced loss control resources through AI-powered dash cams, real-time safety alerts and a drive score program.
Data shared through the program will enable RLI Loss Control experts to develop risk management plans tailored to the unique needs of commercial fleet operators.
"We are always looking at the latest cutting-edge technology to help improve driver safety,” said RLI Transportation President Dan Meyer.