RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages for errors and omission coverage for small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and home business insurance products. The company’s Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners’ and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also engages in various reinsurance coverages. It markets its products through branch offices, wholesale and retail brokers, carrier partners, and underwriting and independent agents. RLI Corp. was incorporated in 1965 and is headquartered in Peoria, Illinois.
Valuation Insights | Analysts view RLI as fairly valued, trading at 4.0x book value. Price targets range from $155 to $165, with an average of $160.67 |
Market Positioning | Delve into RLI's impressive 20% growth in Net Written Premiums, capitalizing on market dislocations and rate increases across key products |
Segment Strengths | Explore RLI's diverse portfolio, with standout performances in Property and Surety segments, while Casualty shows solid growth potential |
Resilient Performance | RLI Corp demonstrates strong financial results with an operating EPS of $1.72, outperforming analyst estimates despite market challenges |
Metrics to compare | RLI | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipRLIPeersSector | |
---|---|---|---|---|
P/E Ratio | 19.3x | 21.4x | 8.7x | |
PEG Ratio | 0.42 | 0.14 | 0.03 | |
Price / Book | 4.6x | 1.0x | 1.0x | |
Price / LTM Sales | 4.6x | 0.5x | 2.7x | |
Upside (Analyst Target) | 2.9% | −2.5% | 11.2% | |
Fair Value Upside | Unlock | 13.8% | 3.6% | Unlock |