RLI

RLI Declares Regular Dividend

Retrieved on: 
Thursday, February 9, 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 first quarter regular cash dividend of $0.26 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 $0.26 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 has increased dividends in each of the last 47 years.
  • The company’s dividend yield would be 0.78% based on the $1.04 indicated annual dividend and yesterday’s closing stock price of $133.50.

Right Lane Industries Announces Agreement to Acquire the Rear Discharge Mixer Businesses of McNeilus and London Machinery Inc. from Oshkosh Corporation

Retrieved on: 
Tuesday, January 31, 2023
Machinery, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Other Transport, Trucking, Building Systems, Transport, Landscape, Manufacturing, AEC Bridgemaster, Acquisition, Orientation, Business, OEM, RLI, RDM, Lane, Multimedia, Oshkosh Corporation, Mobile phone, McNeilus

Right Lane Industries (“Right Lane”) announced today that it has entered into a purchase agreement to acquire London Machinery, Inc. and the Rear Discharge Mixer business of McNeilus Truck and Manufacturing, Inc. (collectively, “RDM” or the “Business”) from Oshkosh Corporation.

Key Points: 
  • Right Lane Industries (“Right Lane”) announced today that it has entered into a purchase agreement to acquire London Machinery, Inc. and the Rear Discharge Mixer business of McNeilus Truck and Manufacturing, Inc. (collectively, “RDM” or the “Business”) from Oshkosh Corporation.
  • The acquisition, which is expected to close near the end of February, includes all rear discharge concrete mixer operations of the seller, including the iconic Bridgemaster brand, but does not include any of the McNeilus-branded refuse or front discharge mixer product lines.
  • Our team is excited to continue to support customers and drive innovation in the rear discharge market.
  • We see tremendous opportunities for the brands with a dedicated focus on the rear discharge mixer business.”
    Right Lane Industries is a privately-held industrial holding company focused on acquiring manufacturing and industrial services businesses for a permanent holding period.

RLI Reports Fourth Quarter and Year-End 2022 Results

Retrieved on: 
Wednesday, January 25, 2023
Insurance, Professional Services, EPS, CST, Superior, Maui Jim, Securities and Exchange Commission of Pakistan, Security (finance), Interest, Acquisition, News, GAAP, Contractors Bonding v Snee, RLI, Form, Sale, Annual report, Risk, Policy, Employee Retirement Income Security Act of 1974, Tax, Cryptocurrency, Bank

For the year ended December 31, 2022, net investment income was $86.1 million, compared to $68.9 million for the same period in 2021.

Key Points: 
  • For the year ended December 31, 2022, net investment income was $86.1 million, compared to $68.9 million for the same period in 2021.
  • RLI’s comprehensive earnings were $113.3 million for the quarter ($2.47 per share), compared to $78.2 million ($1.71 per share) for the same quarter in 2021.
  • Comparatively, for the fourth quarter of 2021, equity in earnings of unconsolidated investees from Maui Jim and Prime was $3.1 million and $5.3 million, respectively.
  • During the fourth quarter, the company’s A+ (Superior) financial strength rating was affirmed by AM Best Company for the company’s insurance subsidiaries – RLI Insurance Company, Mt.

LG Energy Solution Declares Support for TCFD*, Vows Transparent ESG Management

Retrieved on: 
Tuesday, February 14, 2023
BlackRock, Task force, Climate change, Renewable resource, Electricity, Central bank, RE100, Finance, LG Energy Solution, RLI, RBA, KRX, ESG, TCFD, Financial Stability Board, Task Force on Climate Related Financial Disclosures, FSB, Cryptocurrency

SEOUL, South Korea, Feb. 14, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today officially declared support for the Task Force on Climate-related Financial Disclosures (TCFD), joining a global movement toward transparent ESG initiatives.

Key Points: 
  • SEOUL, South Korea, Feb. 14, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today officially declared support for the Task Force on Climate-related Financial Disclosures (TCFD), joining a global movement toward transparent ESG initiatives.
  • Major global asset management companies, including BlackRock, are requiring their investees to support the TCFD, and approximately 4,200 global companies have already declared their supports by the end of 2022.
  • "We will closely manage and transparently disclose the information on the business factors related to climate change, which can take place throughout the entire battery lifecycle, from manufacturing and use to disposal, thereby further strengthening our ESG activities," said LG Energy Solution.
  • The company also continues to enhance its ESG activities by joining the Responsible Business Alliance (RBA) and Responsible Labor Initiative (RLI).

RLI Fourth Quarter earnings release & teleconference

Retrieved on: 
Monday, January 9, 2023
Insurance, Professional Services, Q4, RLI, CST, RLI Corp., NYSE, Video game, Clothing

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

Key Points: 
  • RLI Corp. (NYSE: RLI) announced today that it will release its fourth quarter 2022 earnings after market close on Wednesday, January 25, 2023.
  • The company will hold its quarterly conference call to discuss fourth quarter results on Thursday, January 26, 2023 at 10 a.m. CST.
  • This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/603734663 .

RLI Announces Product Leadership Retirement and Promotions

Retrieved on: 
Wednesday, January 4, 2023
Insurance, Professional Services, Commercial general liability insurance, Assistant, Keene State College, RLI Corp., University of Illinois Urbana-Champaign, Eastern Illinois University, Miami University, Retirement, RLI, NYSE, Insurance, Casualty, Drees, Hartje, Financial services, Management

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

Key Points: 
  • RLI Corp. (NYSE: RLI) -- RLI Corp. announced today the retirement and promotion of several product leaders.
  • Drees joined RLI in 1994 as Director, Casualty and served in various leadership roles before being promoted to his current role in 2014.
  • “Throughout his tenure, Dennis’ leadership and expertise have been invaluable to the success of RLI’s casualty business,” said RLI President & CEO Craig Kliethermes.
  • Since joining RLI in 2013, he has held a variety of casualty underwriting leadership positions.

Exelon President and CEO Calvin Butler Leads Nation’s Largest Transmission and Distribution Company During Transformative Era for Energy Industry

Retrieved on: 
Tuesday, January 3, 2023
Oil, Gas, Coal, Semiconductor, Alternative Energy, Energy, Manufacturing, Technology, Nuclear, Philanthropy, Other Technology, Other Philanthropy, Networks, Utilities, Mobile, Wireless, Engineering, Civic, Government, Morgan State University, Washington University School of Law, Boy Scouts, RLI, George Washington University School of Engineering and Applied Science, Black Enterprise, Engineering, Foreign policy, Regulation, EXC, Corporate America, CILCORP, Butler, Baltimore Gas and Electric, Congress, Legislative Affairs Office, Daily Record, Ameren, Potosí Civic Committee, Corporate Affairs, RR Donnelley, Black, Organization, Humanities, RLI Corp., NYSE, Safety, Whitney, Whitney M. Young Magnet High School, BGE, Boy, PECO, Commercial Club of Chicago, IIE, Institute of International Education, Bradley University, Commonwealth Edison, Science, International school, Pleasure, STEM, PHI, Management, Exelon

“It is an honor and a privilege to lead this great company into its next chapter,” said Butler.

Key Points: 
  • “It is an honor and a privilege to lead this great company into its next chapter,” said Butler.
  • We are in a unique position to lead our customers and the nation on a path to a clean energy future.
  • In addition to serving on the Exelon Board, Butler also serves as chair of each Exelon operating company board — BGE, ComEd, PECO and PHI.
  • Exelon is the nation’s largest energy transmission and distribution company.

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

Retrieved on: 
Wednesday, December 14, 2022
Insurance, Professional Services, FSR, CBIC, ICR, Insurance, Credit, RLI Corp., ICRS, NYSE, Data, Superior, News, RLI, Contractors Bonding v Snee

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).
  • 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.
  • Hawley Insurance Company and Contractors Bonding and Insurance Company.

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

Retrieved on: 
Tuesday, December 13, 2022
Insurance, Professional Services, FSR, Credit, AM Best, NYSE, ALL, AM, Long-Term Capital Management, Superior, News, Growth, RLI, RLI Corp., Insurance, Risk management

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 RLIs 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 Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Rudolph Libbe Inc. Wins Prestigious Build Ohio Award; North Star BlueScope steel plant expansion project recognized

Retrieved on: 
Wednesday, November 23, 2022
COVID, General contractor, Metalworking, Challenge, RLI, Steel, RLG, GEM, NorthStar, Construction

WALBRIDGE, Ohio, Nov. 22, 2022 /PRNewswire/ -- Rudolph Libbe Group company Rudolph Libbe Inc., the construction manager for North Star BlueScope's 660,000 square-foot expansion project in Fulton County, was announced as the winner of the 2022 Build Ohio Award in the Industrial/Heavy category by the Ohio Association of General Contractors.

Key Points: 
  • WALBRIDGE, Ohio, Nov. 22, 2022 /PRNewswire/ -- Rudolph Libbe Group company Rudolph Libbe Inc., the construction manager for North Star BlueScope's 660,000 square-foot expansion project in Fulton County, was announced as the winner of the 2022 Build Ohio Award in the Industrial/Heavy category by the Ohio Association of General Contractors.
  • The Build Ohio Award is the 10th for Rudolph Libbe Group since 1993.
  • Judges selected the Rudolph Libbe project as best in Ohio based on the following criteria:
    Meeting the Challenge of a Difficult Job.
  • The Rudolph Libbe Group is headquartered in Toledo with offices in Cleveland, Columbus and Lima, Ohio; Ithaca, New York; and Detroit, Michigan areas.