RLI Corp. (NYSE:RLI) is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.47 per share.
For the full year, analysts predict revenues of $ 866.54 million, while looking forward to income of $ 2.20 per share.
Previous Quarter Performance
RLI Corp. recorded income for the first quarter of $ 0.66 per share, from the revenue of . The quarterly revenues compared with the same quarter last year. According to street consensus, income of $ 0.63 was expected per share The bottom line results beat street analysts by $ 0.03 or 4.76 percent, at the same time, top line results analysts by $ 39.13 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RLI was $ 83.79, representing a 26.92 % increase from the 52 week low of $ 66.02 and a 16.15 % decrease over the 52 week high of $ 99.93.
The company has a market capital of $ 3.76 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
On May 7, 2020, the board of directors authorized quarterly dividend of $ 0.24 per share to holders of record as of the close of business on May 29, 2020, with payment date of June 19, 2020 and ex-dividend date on May 28, 2020.
RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. This segment also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals.
