
RLI (RLI) Stock Forecast & Price Target
RLI (RLI) Analyst Ratings
Bulls say
RLI Corp has demonstrated positive performance in its Surety and Excess & Surplus (E&S) casualty divisions, with the E&S casualty division reporting a 13% increase attributed to a 20% rise in submissions. Additionally, rates in key areas such as transportation and commercial auto have seen robust growth, with increases of 12% and 14%, respectively, suggesting effective engagement with wholesale distribution to drive business. The company's ability to capitalize on new agency relationships and ongoing construction projects further enhances its revenue potential, positioning RLI favorably within the property and casualty insurance market.
Bears say
RLI Corp has experienced a significant decline in its surplus lines commercial property premium, with an 8% drop reported in the third quarter, marking the most substantial quarterly downturn in this cycle and reflecting a restrained overall growth trajectory. Additionally, there are concerns regarding the diminishing casualty reserve cushion as evidenced by increased loss development in the 2021-2022 accident years, potentially indicating underlying loss inflation. Should the current loss development trends persist, the implied redundancy is projected to decrease year-over-year, raising further concerns about the financial stability of the company's operations.
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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