
RLI (RLI) Stock Forecast & Price Target
RLI (RLI) Analyst Ratings
Bulls say
RLI Corp is positioned favorably within the property and casualty insurance market, benefiting from a significant 13% increase in its excess and surplus casualty division, attributed to a 20% rise in submissions and strong rate increases of 12% and 14% in the transportation and commercial auto sectors, respectively. The company's surety segment has also shown positive momentum through new agency relationships and construction project growth, alongside the leveraging of existing relationships for transactional surety products, indicating robust demand and strategic business development. Overall, these factors contribute to RLI's strong revenue generation potential, particularly within its primary Casualty segment, highlighting a solid foundation for future performance.
Bears say
RLI Corp has experienced a significant downturn, with surplus lines commercial property premiums declining by 8% in the third quarter, marking the largest quarterly drop in this cycle and undermining potential growth. The company's casualty reserve cushion has reportedly diminished due to increased loss development in the 2021-2022 accident years, suggesting an escalation in underlying loss inflation. Consequently, if loss development figures persist at their current levels, they indicate a year-over-year decline in implied redundancy, further straining the company's financial stability.
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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