NYSE$RLI

Rli Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

RLI reported mixed results with a net loss driven by capital market stress, but achieved growth in gross premiums and an underwriting profit.

RLI Corp. reported a net loss of $61.3 million for Q1 2020, compared to a net income of $65.5 million in Q1 2019. However, the company achieved growth in gross premiums written across all product segments and an underwriting profit, with underwriting income of $17.2 million.

  • RLI reported a net loss of $61.3 million (-$1.36 per share) compared to net earnings of $65.5 million ($1.46 per share) for the same period in 2019.
  • Operating earnings for the first quarter of 2020 were $29.8 million ($0.66 per share), compared to $31.8 million ($0.71 per share) for the same period in 2019.
  • Underwriting income of $17.2 million was achieved on a combined ratio of 92.0.
  • Gross premiums written increased by 6%.

Headline financials

Total Revenue

$118M

Previous: $264M-55.2%
EPS (adj)

$0.66

Previous: $0.71-7.0%
Combined Ratio

92.0%

Previous: 89.0%+3.4%
Capital Expenditures

-$1.91M

Previous: $1.51M-226.5%
Free Cash Flow

-$63.2M

Previous: $65.5M-196.5%
Net Income

-$61.3M

Previous: $65.5M-193.6%
Operating Income

$104M

Previous: $247M-58.0%
Gross Profit

$118M

Previous: $264M-55.2%
Cash & Equivalents

$42.7M

Previous: $25.2M+69.6%
Total Assets

$3.38B

Previous: $3.24B+4.4%

Revenue & EPS history

Rli · Revenue · Quarterly

$118M

Q1 2020-55.2%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Rli · $322M total across 3 segments · Q2 2023

  • Casualty
    $187M
  • Property
    $102M
  • Surety
    $33.4M

Forward guidance

The company will continue to maintain focus on serving all of its stakeholders while navigating the current climate.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.6%

Avg return

30 days after

48%

33 / 69 earnings

Positive

+14.2%

Q2 2020

Best reaction

-13.6%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.1%-8.7%-8.1%
Q4 2025-3.0%-2.9%+3.1%
Q3 2025+2.6%+2.8%+7.4%
Q2 2025-1.0%+0.7%-0.8%
Q1 2025-3.7%-5.1%-4.1%
Q4 2024-8.1%-6.6%-4.5%
Q3 2024-2.4%-4.7%+8.0%
Q2 2024+3.1%+5.4%+7.4%
Q1 2024+4.0%+2.8%+5.3%
Q4 2023-4.6%-5.0%+0.4%
Q3 2023+3.2%-1.7%+3.7%
Q2 2023-2.0%-1.8%-5.3%
Q1 2023+11.6%+9.5%-2.4%
Q4 2022-1.7%-2.1%-0.9%
Q3 2022-0.5%+8.1%+15.5%
Q2 2022+1.6%-0.6%+4.4%
Q1 2022+7.2%+4.0%+5.7%
Q4 2021-0.2%+1.6%-1.1%
Q3 2021+2.2%+4.1%+5.6%
Q2 2021-2.6%+0.0%+3.3%
Q1 2021-0.8%-0.5%-6.4%
Q4 2020-3.3%-4.5%+2.0%
Q3 2020+11.0%+8.4%+22.0%
Q2 2020+14.2%+8.6%+11.3%
Q1 2020-13.6%-16.5%-6.6%
Q4 2019-1.1%+1.2%-2.5%
Q3 2019+5.7%+8.3%+7.2%
Q2 2019+2.7%+0.5%+4.9%
Q1 2019+6.4%+6.9%+14.4%
Q4 2018-3.3%-4.1%+4.7%
Q3 2018-3.4%-4.8%+1.2%
Q2 2018+2.2%+6.3%+12.9%
Q1 2018+0.2%-0.4%+4.9%
Q4 2017+4.8%+6.5%+1.1%
Q3 2017+3.5%+0.3%+2.5%
Q2 2017+5.1%+5.5%-0.1%
Q1 2017-9.1%-3.9%-7.0%
Q4 2016+2.3%-0.2%-1.3%
Q3 2016-12.0%-14.9%-7.4%
Q2 2016+0.7%+0.6%+1.5%
Q1 2016-4.8%
Q4 2015+6.2%
Q3 2015+4.8%
Q2 2015+6.5%
Q1 2015-3.4%
Q4 2014-0.4%
Q3 2014-0.5%
Q2 2014-2.1%
Q1 2014+1.2%
Q4 2013-3.1%
Q3 2013+4.0%
Q2 2013+1.8%
Q1 2013-3.4%
Q4 2012+0.9%
Q3 2012+3.7%
Q2 2012-0.3%
Q1 2012+1.0%
Q4 2011-1.6%
Q3 2011-4.8%
Q2 2011-5.6%
Q1 2010+0.5%
Q1 2011+0.7%
Q4 2008+1.1%
Q4 2010+1.1%
Q3 2010-0.2%
Q3 2009-0.2%
Q2 2010-2.7%
Q4 2009-2.7%
Q2 2009-2.7%

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