Reports Q4 revenue $439.1M, consensus $435.0M. “Our customer service, consistent financial performance and prudent capital management distinguished RLI in 2024,” said RLI Corp. (RLI) President & CEO Craig Kliethermes. “Despite an active hurricane season and highly competitive environment, we achieved an 86 combined ratio, marking our 29th consecutive year of underwriting profitability. Gross premiums written grew by 11%, surpassing $2 billion for the first time, with all three product segments contributing to this growth. Our positive underwriting and investment results allowed us to return $236 million to shareholders through special and regular dividends. I want to thank our associate-owners for their contributions throughout the year, which helped differentiate RLI.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RLI:
- RLI Earnings this Week: How Will it Perform?
- LA fires ‘likely manageable earnings event’ for insurers, says Jefferies
- Upcoming Stock Splits This Week (January 13 to January 17) – Stay Invested
- RLI Corp. price target lowered to $200 from $201 at Keefe Bruyette
- RLI Corp. price target raised to $190 from $180 at Jefferies