RLI (RLI)
Underwrites niche property, casualty, and surety insurance with specialized in-house teams.
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Underwrites specialty insurance through property, casualty, and surety segments. Its in-house teams support niche markets requiring specialized knowledge, while a long-standing employee-ownership culture and underwriting discipline shape the operating model.
Underwrites specialty insurance through property, casualty, and surety segments, serving niche markets that require specialized experience. The company’s own underwriting, claims, and support teams handle the work because those markets require specialized experience and knowledge.
Rooted in Peoria and focused on U.S. specialty insurance, the business grew from contact-lens insurance into property, casualty, and surety coverage for risks larger multi-line insurers often avoided. The contact-lens operation is historic, not a current product.
A long-standing employee stock ownership plan supports a culture that emphasizes ownership and underwriting discipline. The reporting structure remains property, casualty, and surety.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | Jefferies | Downgrade | Target: $52 | Target: $53 |
| Jul 29, 2026 | Wells Fargo | Downgrade | Target: $59 | Target: $57 |
| Jul 28, 2026 | UBS | Target | Target: — | Target: $74 |
| Jan 23, 2026 | Truist Financial | Target | Target: $62 | Target: $58 |
| Jan 23, 2026 | Wells Fargo | Reiterate | Rating: —Target: $62 | Target: $59 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $238.2M · Total debt $297.0M · Total assets $6.41B · Shareholders' equity $1.75B
- Revenue
- $575.6M
- Operating income
- $210.7M
- Net income
- $168.0M
HistoryDividendAnnual yield
| Institutions | 96.80% | 88.83M shares | |
|---|---|---|---|
| 428 holders · as of Jun 30, 2026 | |||
| Insiders | 1.49% | 1.37M shares | |
| 17 holders · as of Sep 18, 2026 | |||
| Other | 1.71% | 1.57M shares | |
| remainder | |||
91.77M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
State Street CorpInstitution | 9.75% | 8.94M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 9.08% | 8.33M | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 7.34% | 6.74M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.18% | 4.75M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.51% | 4.14M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Craig W. Kliethermes | officer: CHIEF EXECUTIVE OFFICER | +7,000 | $52.00 |
| Jun 1, 2026 | Clark C. Kellogg | director | +3,000 | $50.90 |
| May 28, 2026 | David B. Duclos | director | +2,500 | $51.99 |
| May 27, 2026 | Jennifer L. Klobnak | officer: CHIEF OPERATING OFFICER | +2,000 | $52.72 |
| May 21, 2026 | Craig W. Kliethermes | officer: CHIEF EXECUTIVE OFFICER | +5,000 | $52.00 |
- W. R. Berkley
Specialty property, casualty, excess, and professional-lines overlap
- American Financial Group
Specialty property, transport, excess, liability, and professional-lines overlap
- Markel Group
Property, liability, umbrella, programs, workers' comp, and surety overlap
- Kinsale Capital Group
E&S commercial property and casualty underwriting overlap
- C.N.A. Financial
Specialty management/professional liability, surety, and commercial P&C overlap
- Cincinnati Financial
Commercial property, casualty, transport, workers' comp, and E&S overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RLI | $58.34 | −1.24% | $5.42B | 12.4 | 21.6 | 2.7 | +16.0% |
| W. R. Berkley | $68.38 | −0.60% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| American Financial Group | $140.69 | −0.39% | $11.74B | 12.3 | 11.2 | 1.4 | −0.5% |
| Markel Group | $1,762.18 | −0.70% | $21.99B | 9.8 | 15.3 | 1.3 | +17.6% |
| Kinsale Capital Group | $354.12 | −1.14% | $8.16B | 14.5 | 16.9 | 4.1 | −3.7% |
| C.N.A. Financial | $47.51 | −0.59% | $12.93B | 10.5 | 10.2 | 0.9 | +3.0% |
| Cincinnati Financial | $165.99 | −0.52% | $25.61B | 7.9 | 19.0 | 1.8 | −18.9% |
| Median | 11.4 | 14.9 | 1.4 | +0.4% |