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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
RLI Corp.
Traded as NYSE: RLI
S&P 600 Component
Industry Insurance
Founded 1965
Founder Gerald D. Stephens
Headquarters Peoria, Illinois, U.S.
Key people
  • Jonathan E. Michael (Chairman & CEO),
  • Michael J. Stone (President, Chief Operating Officer)
Services Insurance
Website www.rlicorp.com

RLI Corp. (NYSE: RLI) is an American property and casualty insurance company headquartered in Peoria, Illinois, with more than 50 branch offices conducting business in all 50 states. Founded in 1965 by Gerald D. Stephens, Replacement Lens, Inc. (RLI) was one of the first insurers of contact lenses, and eventually, the company emerged as one of the leading contact lens insurers in the United States. Building upon its success in the contact lens market, RLI further expanded its business into other niche insurance markets. Today, the company offers specialty property/casualty insurance coverage in both the specialty admitted and excess and surplus markets.

RLI conducts its operations primarily through four insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company, RLI Indemnity Company and Contractors Bonding and Insurance Company. All of RLI's insurance subsidiaries are rated A+ (Superior) by A.M. Best Company, a distinction held by fewer than 10 percent of all property and casualty insurance companies in the country.

RLI insurance coverages are distributed to customers across the U.S. through branch offices that market to wholesale brokers and retail agencies. RLI also provides select coverages through independent agents. The company offers nearly 40 different types of casualty, property and surety coverage ranging from individually underwritten coverages to highly complex coverages.

Some lines of insurance the company offers include: General Liability, Commercial and Personal Umbrella Liability, Commercial Transportation, Executive Products Liability, Professional Liability, Commercial Property, Marine, Crop Reinsurance, Property Reinsurance, Contract Surety, Commercial Surety, and Oil and Gas Surety.

RLI’s history of innovation dates to the early 1960s, when Founder Gerald D. Stephens recognized the expense of replacing contact lenses and founded RLI — Replacement Lens, Inc. — a contact lens insurance agency. In 1965, he acquired the holding company that would later become RLI Corp. RLI was one of the first insurers of contact lenses, and eventually, it emerged as the largest insurer of its kind in the world.

Over time, the demand for contact lens insurance shrank with the emergence of more affordable disposable soft lenses. In order to remain competitive, Stephens expanded RLI’s offerings to include commercial property and liability insurance. In 1994, the company retired its founding contact lens insurance product and in 1996 RLI sold its RLI Vision unit to Maui Jim, a manufacturer of luxury sunglasses. Currently, RLI offers a variety of specialty insurance coverages designed for niche markets that are underserved by the insurance and reinsurance industry.

RLI’s long history of financial strength and stability — evidenced by its A+ “Superior” A.M. Best rating — can be accredited to its unique business model. RLI looks for underserved niches and opportunities to offer enhanced products that are new to the marketplace. The company puts decision-making in the hands of its expert underwriters, which enables producers to quickly and easily get customers the coverages they need.

Investment goal date:
Dividends reinvested
RLI Corp. RLI report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-19
--
--
Q4 2017
2018-01-25
--
--
Q3 2017
2017-10-18
0.0400
0.0400
Q2 2017
2017-07-19
0.6100
0.5900
Q1 2017
2017-04-19
0.4400
0.4500
Q4 2016
2017-01-25
0.5600
0.7200
Q3 2016
2016-10-19
0.3700
0.5000
Q2 2016
2016-07-19
0.6100
0.6500
Q1 2016
2016-04-20
0.5400
0.7100
Q4 2015
2016-01-25
0.5600
0.7600
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
3036546
BlackRock Inc.
4695862
BlackRock Institutional Trust Company, N.A.
962277
DIMENSIONAL FUND ADVISORS LP
1042316
GOLDMAN SACHS GROUP INC
862316
Invesco Ltd.
890181
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
1598291
MARKEL CORP
1197272
Neuberger Berman Group LLC
2421994
NORTHERN TRUST CORP
943393
PNC FINANCIAL SERVICES GROUP, INC.
894914
ROYAL BANK OF CANADA
691677
STATE STREET CORP
6152020
Van Berkom & Associates Inc.
675330
Vanguard Group, Inc
4163098
Major Shareholders
Name Relationship
Total Shares
Holding stocks
AHLMANN KAJ
0.0200% (8197)
RLI /
MCPHEETERS F LYNN
0.1000% (42815)
RLI /
LENROW GERALD I
0.0200% (6959)
RLI /
MICHAEL JONATHAN E
1.5800% (681726)
RLI / SSNC /
STONE MICHAEL J
0.6300% (270701)
RLI /
VIETS ROBERT O
0.1800% (78778)
RLI /
ALLEN BARBARA R
0.0500% (20992)
RLI /
RESTREPO ROBERT P JR
0.0200% (7000)
GNW / MJCO / RLI / STFC /
BAILY JOHN THOMAS
0.0800% (35629)
ENH / GBDC / RLI /
LINKE CHARLES M
0.1000% (42471)
RLI /
Graham Jordan W
0.0100% (3923)
RLI /
Angelina Michael E
0.0100% (3612)
RLI /
Kennedy Daniel O
0.1300% (56164)
RLI /
Kliethermes Craig W
0.1900% (82586)
RLI /
Bryant Todd Wayne
0.0300% (12532)
RLI /
Brown Thomas Lynn
0.0800% (36049)
FMBI / RLI /
Diefenthaler Aaron Paul
0.0200% (9582)
RLI /
BUTLER CALVIN JR
0.0100% (2231)
EXC / RLI /
% ()