
RLI (RLI) Stock Forecast & Price Target
RLI (RLI) Analyst Ratings
Bulls say
RLI Corp's positive outlook is supported by a robust performance in its Excess and Surplus (E&S) casualty division, which saw a 13% increase driven by a 20% rise in submissions, indicating strong demand and engagement with wholesale distribution. Additionally, the company benefitted from elevated material costs and new agency relationships in its Surety segment, alongside notable growth in associated transactional products. The upward trends in rates for transportation and commercial auto, at 12% and 14% respectively, further underline the company’s ability to capitalize on favorable market conditions and drive revenue growth.
Bears say
RLI Corp's financial outlook appears negative due to a significant 8% decline in surplus lines commercial property premium during the third quarter, marking the largest quarterly drop in this cycle. Additionally, the company's casualty reserve cushion has seemingly diminished, highlighted by increased loss development from the 2021-2022 accident years, which may indicate underlying loss inflation. These factors may hinder the overall growth of RLI’s revenue, particularly as the property segment continues to experience declines.
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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