NYSE$RLI

Rli Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

RLI Corp reported an increase in operating earnings driven by underwriting income and growth in gross written premiums.

RLI Corp. reported second quarter net earnings of $81.8 million, compared to $92.2 million for the second quarter of 2020. Operating earnings for the second quarter of 2021 were $49.9 million, compared to $34.8 million for the same period in 2020. The company achieved an 85 combined ratio and 25% growth in gross written premiums.

  • Underwriting income of $36.6 million on a combined ratio of 84.8.
  • 25% increase in gross premiums written.
  • Favorable development in prior years’ loss reserves, resulting in a $27.5 million net increase in underwriting income.
  • Book value per share of $27.46, an increase of 11% (inclusive of dividends) from year-end 2020.

Headline financials

Total Revenue

$298M

Previous: $298M-0.1%
EPS (adj)

$1.09

Previous: $0.77+41.6%
Combined Ratio

84.8%

Previous: 88.4%-4.1%
Capital Expenditures

-$3.19M

Previous: -$3.41M+6.6%
Free Cash Flow

$78.6M

Previous: $88.8M-11.4%
Net Income

$81.8M

Previous: $92.2M-11.2%
Operating Income

$278M

Previous: $284M-2.3%
Gross Profit

$298M

Previous: $298M-0.1%
Cash & Equivalents

$95.5M

Previous: $84.8M+12.6%
Total Assets

$4.28B

Previous: $3.62B+18.3%

Revenue & EPS history

Rli · Revenue · Quarterly

$298M

Q2 2021-0.1%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Rli · $241M total across 3 segments · Q2 2021

  • Casualty
    $156M
  • Property
    $55.9M
  • Surety
    $28.9M

Forward guidance

RLI management will hold a conference call to discuss quarterly results with insurance industry analysts.

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 Q2 2021

Historical avgQ2 2021

+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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