RLI (RLI)

Company Profile

RLI Corp. is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI's products are offered through its insurance subsidiaries - RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI's insurance subsidiaries are rated A+ (Superior) by AM Best Company. RLI has paid and increased regular dividends for 45 consecutive years and delivered underwriting profits for 25 consecutive years.

Company profile

Ticker

RLI

Exchange

NYSE

Website

www.rlicorp.com

CEO

Jonathan Michael

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Fire, Marine & Casualty Insurance

Berkshire Hathaway • Hartford Financial Services • American International • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive • Alleghany ...

SEC CIK

0000084246

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

RLI Insurance Company • Mt. Hawley Insurance Company • RLI Underwriting Services, Inc. • Safe Fleet Insurance Services, Inc. • Data & Staff Service Co. • Contractors Bonding and Insurance Company ...

IRS number

370889946

RLI stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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DEFA14A

Additional proxy soliciting materials

23 Mar 23

Annual report to shareholders

24 Feb 23

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

3 Feb 23

8-K

Conference Call Transcript

31 Jan 23

8-K

Rli Reports Fourth Quarter and Year-end 2022 Results

25 Jan 23

Transcripts

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RLI

Earnings call transcript

2022 Q4

26 Jan 23

RLI

Earnings call transcript

2022 Q3

20 Oct 22

RLI

Earnings call transcript

2022 Q2

21 Jul 22

RLI

Earnings call transcript

2022 Q1

21 Apr 22

RLI

Earnings call transcript

2021 Q4

27 Jan 22

RLI

Earnings call transcript

2021 Q3

21 Oct 21

RLI

Earnings call transcript

2021 Q2

22 Jul 21

RLI

Earnings call transcript

2021 Q1

22 Apr 21

RLI

Earnings call transcript

2020 Q4

28 Jan 21

RLI

Earnings call transcript

2020 Q3

22 Oct 20

Latest ownership filings

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KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC

Debbie Sharell Roberts

2 Feb 23

Financial summary

Financial statements Chart RLI financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	22.82 mm	22.82 mm	22.82 mm	22.82 mm	22.82 mm	22.82 mm
Cash burn (monthly)	233.56 mm	5.50 mm	(no burn)	(no burn)	10.81 mm	(no burn)
Cash used (since last report)	683.74 mm	16.10 mm	n/a	n/a	31.65 mm	n/a
Cash remaining	-660.92 mm	6.72 mm	n/a	n/a	-8.84 mm	n/a
Runway (months of cash)	-2.8	1.2	n/a	n/a	-0.8	n/a

Beta Read what these cash burn values mean

Financial data from RLI earnings reports.

Institutional ownership, Q4 2022

RLI institutional ownership history Ownership history

80.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	327	309	+5.8%
Opened positions	58	34	+70.6%
Closed positions	40	35	+14.3%
Increased positions	107	109	-1.8%
Reduced positions	105	106	-0.9%

13F shares	Current	Prev Q	Change
Total value	4.78 tn	12.48 bn	+38175.8%
Total shares	36.82 mm	31.85 mm	+15.6%
Total puts	6.10 k	1.90 k	+221.1%
Total calls	24.30 k	16.80 k	+44.6%
Total put/call ratio	0.3	0.1	+122.0%

Largest owners	Shares	Value	Change
Vanguard	4.78 mm	$627.61 bn	+2.6%
BLK Blackrock	4.77 mm	$626.39 bn	+7.5%
STT State Street	4.64 mm	$609.03 bn	NEW
Kayne Anderson Rudnick Investment Management	2.85 mm	$373.69 bn	-3.7%
Neuberger Berman	1.43 mm	$187.97 bn	-12.3%
MS Morgan Stanley	1.36 mm	$179.13 bn	+524.0%
MKL Markel	1.20 mm	$157.17 bn	0.0%
JPM JPMorgan Chase & Co.	1.11 mm	$144.82 bn	-19.7%
Geode Capital Management	924.47 k	$121.16 bn	+26.9%
Dimensional Fund Advisors	915.17 k	$119.94 bn	+1.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	4.64 mm	+4.64 mm	NEW
MS Morgan Stanley	1.36 mm	+1.15 mm	+524.0%
Eaton Vance Management	0.00	-692.03 k	EXIT
Atlanta Capital Management Co L L C	0.00	-342.04 k	EXIT
BLK Blackrock	4.77 mm	+334.57 k	+7.5%
JPM JPMorgan Chase & Co.	1.11 mm	-271.06 k	-19.7%
Norges Bank	250.23 k	+250.23 k	NEW
Neuberger Berman	1.43 mm	-200.06 k	-12.3%
Geode Capital Management	924.47 k	+196.12 k	+26.9%
Thrivent Financial For Lutherans	771.52 k	+179.81 k	+30.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RLI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Feb 23	Angelina Michael E	Common Stock	Buy	Acquire P	No	No	131.41	213	27.99 k	12,397.188
22 Feb 23	Butler Calvin JR	Common Stock	Other	Acquire J	Yes	No	131.67	68.672	9.04 k	10,981.283
1 Feb 23	Jeffrey D Fick	Stock Option Common Stock	Grant	Acquire A	No	No	131.78	3,750	494.18 k	3,750
1 Feb 23	Bryant Todd Wayne	Stock Option Common Stock	Grant	Acquire A	No	No	131.78	8,500	1.12 mm	8,500
31 Jan 23	Roberts Debbie Sharell	Common Stock	Other	Acquire J	Yes	No	131.78	189.71	25.00 k	7,878.16