
RLI (RLI) Stock Forecast & Price Target
RLI (RLI) Analyst Ratings
Bulls say
RLI Corp has demonstrated robust growth in its E&S casualty division, reporting a 13% increase driven by a 20% rise in submissions, with notable rate increases in transportation and commercial auto. The company's surety segment is also flourishing, benefiting from new agency relationships and increased construction activity, which bodes well for continued revenue generation. Additionally, RLI is identifying attractive opportunities in niche markets, such as significant growth in Hawaii homeowners and marine insurance, which positions the company favorably for sustained performance in the specialty property and casualty insurance industry.
Bears say
RLI Corp has experienced a significant downturn in several key operational metrics, highlighted by an 8% decline in surplus lines commercial property premiums, marking the largest quarterly drop in this cycle. The company reported a 2% decline in gross written premiums for the latest quarter, which fell short of previous positive projections and reflected ongoing weaknesses, particularly within the property segment, which saw an 11% reduction. Additionally, RLI's casualty reserve cushion has diminished, with escalated loss development from the 2021-2022 accident years indicating potential underlying loss inflation, thereby raising concerns about future underwriting profitability.
This aggregate rating is based on analysts' research of RLI and is not a guaranteed prediction by Public.com or investment advice.
RLI (RLI) Analyst Forecast & Price Prediction
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