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PEORIA, Ill. - RLI Corp. (NYSE:RLI), a specialty insurance company with a market capitalization of $6.85 billion, has declared an increased quarterly cash dividend of $0.16 per share, marking a 6.7% rise from the previous quarter. This announcement comes as the company celebrates its 50th consecutive year of dividend growth, with a current dividend yield of 3.48%. Shareholders on record by May 30, 2025, will be eligible for the dividend, scheduled for distribution on June 20, 2025. According to InvestingPro analysis, RLI’s consistent dividend payments reflect one of its key strengths, with several more insights available to subscribers.
The company’s consistent performance in increasing dividends reflects its financial stability and commitment to shareholder returns. With revenue growth of 8.88% over the last twelve months and strong cash flows sufficient to cover interest payments, RLI maintains a "GOOD" financial health rating on InvestingPro. The latest increase brings the indicated annual dividend to $0.64, with the stock currently trading at a P/E ratio of 24.31.
RLI’s reputation in the insurance industry is underscored by its subsidiaries’ A+ Superior ratings from AM Best Company. The company has maintained a track record of delivering underwriting profits for 29 consecutive years, emphasizing its underwriting expertise and customer service in niche property, casualty, and surety markets.
The company operates through its subsidiaries, including RLI Insurance Company, Mt. Hawley Insurance Company, and Contractors Bonding and Insurance Company, offering a range of commercial and personal insurance products across the nation.
This dividend declaration by RLI Corp. is based on a press release statement and continues the company’s history of providing regular shareholder returns.
In other recent news, RLI Corp reported its Q1 2025 financial results, which showed a notable miss on both earnings and revenue expectations. The company disclosed an earnings per share (EPS) of $0.68, which fell short of the projected $0.87, while revenue reached $407.66 million, missing the anticipated $499.07 million. Despite these shortfalls, the company highlighted an increase in operating cash flow by $33 million year-over-year, totaling $103 million. RLI also announced its 50th consecutive year of dividend increases, underscoring its commitment to returning value to shareholders. The company’s performance was mixed, with a 5% increase in total gross premiums written and notable growth in its marine and personal umbrella segments. However, the combined ratio rose to 82.3% from 78.5% the previous year, indicating higher expenses relative to premiums earned. Analysts from Wolfe Research and Oppenheimer raised concerns about potential economic impacts on RLI’s operations, particularly in the transportation and auto segments. Despite these challenges, RLI’s leadership emphasized a long-term strategic focus and the company’s solid financial standing.
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