Market cap $2.6978B
Enterprise value $2.798B
Employees 907
Revenue $797M
EBITDA $75.6M
Income $105M
EPS 2.36
P/E 25.94
Forward P/E 27.83
EV/EBITDA 37.02
PEG 2.84
Earnings date 2018-04-17
Volume 85.8k / 183k
Relative vol. 0.47 ×
Sales Q/Q -7.56%
Sales Y/Y 2.62%
Est. EPS Q/Q 20.45%
Beta 0.97
Mean Recomm. 3.10
IPO year 1978
Country United States
RSI 33.33
Range $60.49 – $61.24
52 weeks $50.34 – $65.68
SMA 50 $61 -0.10%
SMA 200 $58 -5.03%
1 year target $55 -9.77%

Intraday

5 days

1 month

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All time

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59.42
Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2018-01-04 Michael J Stone
Director
Director Sale 1,141 $59.40 $67,775
2018-01-04
293,179
2017-12-04 Michael J Stone
Director
Director Sale 2,000 $59.68 $119,360
2017-12-04
293,574
2017-11-29 Michael J Stone
Director
Director Sale 2,000 $60.33 $120,660
2017-11-29
295,574
2017-11-28 Jonathan E Michael
President & CEO
President & CEO Option exercise 34,000 $26.13 $888,420
2017-11-28
715,759
2017-11-27 Todd Wayne Bryant
VP, Finance & Controller
VP, Finance & Controller Option exercise 12,800 $33.60 $430,080
2017-11-27
24,699
2017-11-27 Craig W Kliethermes
Option exercise 7,600 $38.21 $290,396
2017-11-27
90,186
2017-11-22 Robert P Jr Restrepo
Director
Director Buy 299 $59.75 $17,865
2017-11-22
8,325
2017-11-15 Aaron Paul Diefenthaler
VP, CIO, Treasurer
VP, CIO, Treasurer Option exercise 9,600 $26.16 $251,136
2017-11-15
18,446
2017-11-14 Michael J Stone
Director
Director Option exercise 80,000 $24.50 $1,960,000
2017-11-14
350,701
2017-11-13 Robert P Jr Restrepo
Director
Director Buy 1,026 $59.30 $60,842
2017-11-13
8,026
2017-10-02 Michael J Stone
Director
Director Sale 991 $57.40 $56,883
2017-10-02
270,701
2017-08-22 Michael E Angelina
Director
Director Buy 1,000 $54.41 $54,410
2017-08-22
8,176
2017-08-01 Thomas Lynn Brown
VP, CFO
VP, CFO Option exercise 19,200 $25.78 $494,976
2017-08-01
49,584
2017-07-31 Michael J Stone
Director
Director Sale 3,000 $57.95 $173,850
2017-07-31
268,550
2017-07-25 Craig W Kliethermes
Option exercise 15,200 $27.49 $417,848
2017-07-25
93,497
2017-07-24 Michael J Stone
Director
Director Sale 3,000 $57.24 $171,720
2017-07-24
271,550
2017-07-24 Robert P Jr Restrepo
Director
Director Buy 1,200 $57.58 $69,096
2017-07-24
7,000
2017-07-05 Michael J Stone
Director
Director Sale 947 $54.76 $51,858
2017-07-05
274,550
2017-05-31 Michael J Stone
Director
Director Sale 5,000 $55.25 $276,250
2017-05-31
272,370
2017-05-08 Robert P Jr Restrepo
Director
Director Buy 1,675 $56.64 $94,872
2017-05-08
5,800
2017-04-24 Robert P Jr Restrepo
Director
Director Buy 2,325 $56.02 $130,247
2017-04-24
4,125
2017-04-04 Michael J Stone
Director
Director Sale 941 $58.89 $55,415
2017-04-04
277,770
2017-01-03 Michael J Stone
Director
Director Sale 1,008 $61.87 $62,365
2017-01-03
273,347
2016-11-22 Craig W Kliethermes
Option exercise 8,000 $47.61 $380,880
2016-11-22
85,226
2016-11-21 Jonathan E Michael
President & CEO
President & CEO Option exercise 122,339 $42.32 $5,177,386
2016-11-21
674,904
2016-11-18 Robert P Jr Restrepo
Director
Director Buy 600 $62.89 $37,734
2016-11-18
1,800
2016-11-15 Michael E Angelina
Director
Director Buy 500 $60.85 $30,425
2016-11-15
7,165

Notable SEC filings of RLI Corp.

Date Contents
Source
2018-01-24 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-11-09 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2017-11-09 8-K Other Events; Financial Statements and Exhibits
2017-10-25 10-Q Quarterly report
2017-10-20 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-10-18 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-09-27 8-K Other Events; Financial Statements and Exhibits
2017-08-10 8-K Other Events
2017-07-26 10-Q Quarterly report
2017-07-21 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-07-19 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-05-05 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Financial Statements and Exhibits
2017-05-04 8-K Submission of Matters to a Vote of Security Holders; Other Events; Financial Statements and Exhibits
2017-04-27 10-Q Quarterly report
2017-04-21 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-04-19 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-02-24 10-K Yearly report
2017-02-09 8-K Other Events; Financial Statements and Exhibits
2017-01-27 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2017-01-25 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-11-10 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2016-11-10 8-K Other Events; Financial Statements and Exhibits
2016-10-31 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
2016-10-24 10-Q Quarterly report
2016-10-21 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2016-10-19 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits

RLI executives

Insider Title Age Since Compensation
Jonathan Michael (63)
Chairman of the Board, President, Chief Executive Officer since 2011
Chairman of the Board, President, Chief Executive Officer 63 2011 $3,932,930
Craig Kliethermes (52)
President & Chief Operating Officer - RLI Insurance Company since 2016
President & Chief Operating Officer - RLI Insurance Company 52 2016 $2,052,640
Thomas Brown (60)
Chief Financial Officer, Vice President since 2015
Chief Financial Officer, Vice President 60 2015 $1,602,770
Jennifer Klobnak (45)
Sr. Vice President, Operations of the Company’s principal insurance subsidiaries since 2016
Sr. Vice President, Operations of the Company’s principal insurance subsidiaries 45 2016 $642,456
Jeffrey Fick (56)
Sr. Vice President, Chief Legal Officer since 2016
Sr. Vice President, Chief Legal Officer 56 2016 $611,245
Daniel Kennedy (52)
Vice President, General Counsel since 2016
Vice President, General Counsel 52 2016 $415,180
John Baily (73)
Independent Director since 2003
Independent Director 73 2003 $146,714
James Scanlan (62)
Independent Director since 2015
Independent Director 62 2015 $143,060
F. Lynn McPheeters (74)
Independent Director since 2000
Independent Director 74 2000 $141,516
Michael Angelina (50)
Independent Director since 2013
Independent Director 50 2013 $136,530
Barbara Allen (64)
Independent Director since 2006
Independent Director 64 2006 $131,913
Kaj Ahlmann (66)
Independent Director since 2009
Independent Director 66 2009 $131,708
Jordan Graham (56)
Independent Director since 2004
Independent Director 56 2004 $131,530
Michael Stone (68)
Director since 2015
Director 68 2015 $125,000
Robert Restrepo (66)
Independent Director since 2016
Independent Director 66 2016 $62,500
Calvin Butler (47)
Independent Director since 2016
Independent Director 47 2016 $32,500
Aaron Jacoby
VP, Corporate Development
VP, Corporate Development
David Duclos (57)
Director since 2017
Director 57 2017
Betsy McLaughlin
Vice President, Chief Claim Counsel since 2017
Vice President, Chief Claim Counsel 2017
Todd Bryant (48)
Vice President - Finance, Controller since 2014
Vice President - Finance, Controller 48 2014
Bryan Fowler
Chief Information Officer, Vice President since 2017
Chief Information Officer, Vice President 2017
Aaron Diefenthaler (43)
Chief Investment Officer, Vice President, Treasurer since 2014
Chief Investment Officer, Vice President, Treasurer 43 2014

About RLI Corp.

RLI Corp. logo

RLI Corp., through its subsidiaries, underwrites property and casualty insurance in the United States. Its Casualty segment provides commercial and personal umbrella coverage products; and general liability products, such as coverage for third party liability of commercial insureds, including manufacturers, contractors, apartments, real estate investment trusts, and mercantile. This segment also offers coverages in the area of onshore energy related businesses, as well as environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and commercial automobile liability and physical damage insurance products, and other types of commercial automobile risks, as well as related insurance coverages, such as general liability, excess liability, and motor truck cargo. In addition, this segment provides professional liability coverages, such as errors and omission, general liability, property, automobile, excess liability, and worker's compensation; property and casualty insurance coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability, and fidelity coverages; medical professional and healthcare liability insurance; and other products, including coverage for security guards and home business insurance. The company's Property segment comprises primarily of fire, earthquake, difference in conditions, marine, homeowners and recreational vehicle insurance, and property and crop reinsurance. Its Surety segment offers small bonds, such as license and permit, notary, and court bonds for businesses and individuals; commercial surety bonds for medium-to-large businesses; bonds for small-to-medium sized contractors; and commercial surety bonds for the energy, petrochemical, and refining industries. The company markets its products through independent agents to wholesale and retail brokers. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.

  • RLI Corp., 9025 North Lindbergh Drive, Peoria 61615, United States
  • rlicorp.com
  • 309-692-1000

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $26.877 $21.355 $28.144 $18.269
Short term investments $11.925 $18.057 $13.002 $5.015
Net receivables $418.462 $413.739 $393.209 $414.611
Inventory
Other current assets
Total current assets
Long term investments $2,236.304 $2,164.005 $2,089.318 $2,085.376
Property, plant & equipment $55.77 $56.547 $56.173 $54.606
Goodwill $59.427 $60.582 $64.165 $64.371
Intangible assets
Other assets $69.973 $71.021 $61.512 $62.238
Deferred long term asset charges $77.782 $76.276 $71.995 $73.147
Total assets $2,956.52 $2,881.582 $2,777.518 $2,777.633
Current liabilities
Accounts payable $56.688 $57.346 $44.403 $69.92
Short long term debt
Other current liabilities
Total current liabilities
Long term debt $245.181 $246.203 $239.538 $239.411
Other liabilities $1,711.519 $1,642.647 $1,590.122 $1,598.164
Deferred long term liabilities $84.982 $79.868 $72.192 $64.494
Minority interest
Total liabilities $2,077.364 $2,003.848 $1,929.643 $1,954.061
Stockholders' equity
Stock option warrants
Common stock $66.99 $66.977 $66.9 $66.875
Retained earnings $817.789 $825.307 $808.342 $797.307
Treasury stock -$400.665 -$400.641 -$404.264 -$404.495
Capital surplus $233.954 $233.471 $231.253 $229.779
Other stockholder equity $161.088 $152.62 $145.644 $134.106
Total stockholder equity $879.156 $877.734 $847.875 $823.572
Net tangible assets $819.729 $817.152 $783.71 $759.201
(in millions) 2016 2015 2014
Current assets
Cash $18.269 $11.081 $30.62
Short term investments $5.015 $6.262 $16.339
Net receivables $414.611 $441.506 $489.679
Inventory
Other current assets
Total current assets
Long term investments $2,085.376 $2,019.862 $1,992.001
Property, plant & equipment $54.606 $47.102 $42.549
Goodwill $64.371 $71.294 $72.695
Intangible assets
Other assets $62.238 $68.529 $66.536
Deferred long term asset charges $73.147 $69.829 $65.123
Total assets $2,777.633 $2,735.465 $2,775.542
Current liabilities
Accounts payable $69.92 $93.298 $101.161
Short long term debt
Other current liabilities
Total current liabilities
Long term debt $239.411 $240.364 $239.119
Other liabilities $1,598.164 $1,551.897 $1,545.928
Deferred long term liabilities $64.494 $63.993 $82.285
Minority interest
Total liabilities $1,954.061 $1,911.996 $1,930.48
Stockholders' equity
Stock option warrants
Common stock $66.875 $66.474 $66.033
Retained earnings $797.307 $804.875 $786.908
Treasury stock -$404.495 -$403.646 -$406.768
Capital surplus $229.779 $221.345 $213.737
Other stockholder equity $134.106 $134.421 $185.152
Total stockholder equity $823.572 $823.469 $845.062
Net tangible assets $759.201 $752.175 $772.367

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $196.247 $196.21 $196.914 $212.305
Cost of revenue $185.256 $151.042 $156.893 $155.525
Gross profit $10.991 $45.168 $40.021 $56.78
Operating expenses
Research & development
Selling, general & administrative $1.956 $2.535 $3.325 $2.785
Non-recurring
Other operating expenses $11.701 $13.546 $13.335 $14.143
Total operating expenses
Operating income -$4.522 $27.23 $21.505 $37.996
Income from continuing operations
Net other income
EBIT $0.994 $35.893 $28.299 $39.862
Interest expense $1.856 $1.857 $1.856 $1.856
Income before tax -$0.862 $34.036 $26.443 $38.006
Income tax expense -$2.596 $7.828 $6.615 $5.819
Minority interest
Net income from continuing ops $1.734 $26.208 $19.828 $32.187
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $1.734 $26.208 $19.828 $32.187
Income (for common shares) $1.734 $26.208 $19.828 $32.187
(in millions) 2016 2015 2014
Revenue
Total revenue $816.328 $794.634 $775.165
Cost of revenue $599.39 $540.123 $525.892
Gross profit $216.938 $254.511 $249.273
Operating expenses
Research & development
Selling, general & administrative $10.17 $9.837 $10.222
Non-recurring
Other operating expenses $53.093 $51.48 $54.464
Total operating expenses
Operating income $146.249 $185.768 $177.149
Income from continuing operations
Net other income
EBIT $164.508 $204.108 $196.925
Interest expense $7.426 $7.426 $7.438
Income before tax $157.082 $196.682 $189.487
Income tax expense $42.162 $59.138 $54.042
Minority interest
Net income from continuing ops $114.92 $137.544 $135.445
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $114.92 $137.544 $135.445
Income (for common shares) $114.92 $137.544 $135.445

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $1.734 $26.208 $19.828 $32.187
Operating activities
Depreciation
Net income adjustments
Change in accounts receivable
Changes in liabilities
Changes in inventory
Changes in other operating activities
Total cash flow from operations $71.363 $63.305 $11.265 $51.463
Investing activities
Capital expenditures -$1.89 -$2.074 -$3.298 -$4.303
Investments -$55.695 -$60.98 $9.202 $5.566
Other cash flows from investing $0.5 -$0.092 -$0.092 -$6.034
Total cash flows from investing -$57.085 -$63.146 $5.904 $48.803
Financing activities
Dividends paid -$9.252 -$9.243 -$8.793 -$96.677
Sale and purchase of stock $0.496 $2.295 $1.499 -$0.384
Net borrowings
Other cash flows from financing $1.094
Total cash flows from financing -$8.756 -$6.948 -$7.294 -$95.967
Effect of exchange rate
Change in cash and equivalents $5.522 -$6.789 $9.875 $4.299
(in millions) 2016 2015 2014
Net income $114.92 $137.544 $135.445
Operating activities
Depreciation $6.43 $5.406 $4.557
Net income adjustments -$36.227 -$40.116 -$30.022
Change in accounts receivable $55.568 $50.697 $15.26
Changes in liabilities $1.538 $21.016 $9.853
Changes in inventory
Changes in other operating activities $32.234 -$21.961 -$12.008
Total cash flow from operations $174.463 $152.586 $123.085
Investing activities
Capital expenditures -$16.155 -$10.035 -$7.121
Investments -$84.157 -$59.336 -$19.631
Other cash flows from investing -$6.884 -$4.431 -$5.258
Total cash flows from investing -$53.622 -$60.597 $22.771
Financing activities
Dividends paid -$122.488 -$119.577 -$159.857
Sale and purchase of stock -$0.741 -$3.364 $3.386
Net borrowings
Other cash flows from financing $9.576 $11.413 $1.766
Total cash flows from financing -$113.653 -$111.528 -$154.705
Effect of exchange rate
Change in cash and equivalents $7.188 -$19.539 -$8.849
Messenger