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Earnings transcript
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RLI
RLI Corp.
$52.25
0.14
(0.27%)
| Exchange: | NYSE |
| Market Cap: | 4.804B |
| Shares Outstanding: | 63.077M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | Craig William Kliethermes | |||||
| Full Time Employees: | 1147 | |||||
| Address: |
| |||||
| Website: | https://www.rlicorp.com |
RLI Corp. is an insurance holding company that underwrites a comprehensive portfolio of property and casualty (P&C) insurance products, operating across the United States and internationally. Its business is primarily structured into three segments: The Casualty segment offers a diverse range of commercial and personal coverage. This includes general liability policies for commercial clients like manufacturers, contractors, apartments, and retail businesses, protecting them from third-party claims. It also provides specialized liability coverages for security guards, onshore energy-related operations, and environmental risks, such as underground storage tanks, asbestos removal, and remediation specialists. Professional liability (Errors & Omissions) insurance is tailored for small to medium-sized design, technical, computer, and various other professional firms. Furthermore, this segment provides commercial automobile liability and physical damage insurance for truckers (local, intermediate, and long-haul), public transportation entities, and other niche commercial auto risks. Additional offerings within Casualty encompass incidental and related insurance products, inland marine coverages, management liability (including Directors & Officers, fiduciary, and employment practice liability for public and private businesses), healthcare liability, and home business insurance. The Property segment provides a variety of property insurance solutions. This includes commercial property coverage, various marine insurance products (cargo, hull, protection and indemnity, marine liability, inland marine), homeowners’ policies, dwelling fire insurance, and other property-related coverages. The Surety segment issues a range of surety bonds. These include commercial surety bonds designed for medium to large businesses, smaller bonds for individuals and businesses, and bonds specifically for small to medium-sized contractors. Beyond these direct insurance offerings, RLI Corp. also engages in underwriting various reinsurance coverages. The company distributes its products through a multi-channel network, which includes its own branch offices, brokers, carrier partners, and both underwriting and independent agents. RLI Corp. was established in 1965 and is headquartered in Peoria, Illinois.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,511,994 | 1,770,384 | 1,882,448 |
| Gross Profit | 390,873 | 454,631 | 561,423 |
| EBITDA | 393,111 | 441,546 | 530,447 |
| Operating Income | 377,265 | 427,551 | 518,269 |
| Net Income | 304,611 | 345,779 | 403,337 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,180,221 | 5,628,802 | 6,161,486 |
| Total Liabilities | 3,766,707 | 4,106,835 | 4,383,290 |
| Total Stockholders Equity | 1,413,514 | 1,521,967 | 6,161,486 |
| Total Debt | 100,000 | 100,000 | 100,000 |
| Cash and Cash Equivalents | 36,424 | 39,790 | 51,565 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 464,257 | 560,219 | 614,221 |
| Capital Expenditure | -5,913 | -4,710 | 0 |
| Free Cash Flow | 458,344 | 555,509 | 614,221 |
| Net Income | 304,611 | 345,779 | 403,337 |
| Net Change in Cash | 13,606 | 3,366 | 11,775 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,015,382.850 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,196,282.550 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,105,832.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 616,188.447 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 671,497.196 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 643,842.822 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 204,213.080 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 294,067.794 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 281,400 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 25,344.721 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 27,619.649 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 26,482.185 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.190 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.210 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: RLI Corp. demonstrated robust operating earnings in Q2 2025, as highlighted in the earnings call transcript, with key financial results indicating consistent revenue growth and positive net income trends over recent periods (based on Income Statements data). This reflects effective cost management and operational efficiency.
- High Profitability Metrics: The company exhibits strong gross profit margin and net profit margin (Key Metrics TTM), positioning it favorably within the insurance industry (Industry and Sector data). Return on equity (ROE TTM) and return on invested capital (ROIC TTM) further underscore efficient capital utilization.
- Stable Cash Flow Generation: RLI Corp. maintains healthy free cash flow (Cash Flow Statements), supported by consistent net cash provided by operating activities. This financial stability enables reinvestment and dividend payouts (dividend yield TTM), appealing to income-focused investors.
- Solid Balance Sheet: The company’s balance sheet shows a manageable debt-to-equity ratio (Key Metrics TTM) and substantial cash and cash equivalents (Balance Sheet data), providing resilience against economic downturns and flexibility for strategic initiatives.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates RLI intrinsic value between $77.67 – $88.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about RLI valuation
Is RLI Corp. (RLI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for RLI Corp. (RLI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RLI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RLI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RLI’s P/E ratio?
You can see RLI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RLI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RLI a good long-term investment?
Whether RLI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RLI
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Daily snapshot
0.27
Trading Metrics:
| Open: | 52.12 | Previous Close: | 52.11 | |
| Day Low: | 51.81 | Day High: | 53.25 | |
| Year Low: | 47.26 | Year High: | 74.41 | |
| Price Avg 50: | 53.57 | Price Avg 200: | 60.26 | |
| Volume: | 763398 | Average Volume: | 822796 |
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Login — it's freeRLI full analysis
Welcome to MARKETSNAP’s SWOT analysis for RLI Corp. Today, we’re diving deep into this specialty insurance provider to uncover what makes it tick, where it’s vulnerable, and what could shape its future for long-term investors like you. If you’re looking to build wealth through smart, informed decisions, stick around as we break down the strengths, weaknesses, opportunities, and threats for RLI Corp., with some juicy insights along the way to keep things interesting. For those who might not be as…
