Added to YB: 2026-02-16
Pitch date: 2026-02-10
RLI [bullish]
RLI Corp.
-2%
current return
Author Info
No bio for this author
Company Info
RLI Corp., an insurance holding company, provides property, casualty, and surety insurance products. Its Casualty segment provides commercial excess, personal umbrella, general liability, transportation, and management liability coverages; professional liability and workers’ compensation for office-based professional coverages; commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other specialty commercial automobile risks; incidental related insurance coverages; inland marine coverages; directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, public and private businesses risk, and home business insurance products.
Market Cap
$5.7B
Pitch Price
$62.05
Price Target
N/A
Dividend
4.28%
EV/EBITDA
10.96
P/E
14.12
EV/Sales
3.03
Sector
Insurance
Category
value
FPA Queens Road Small Cap Value Fund Added On Portfolio Holding: RLI Corp.
RLI (added to position): Specialty insurer in niche lines (school buses, Hawaii homeowners, construction surety). Best-in-class metrics: 89.3% avg combined ratio (2015-24), 16.6% ROE despite overcapitalization. Unique culture compensates on long-term profitability. Now ~20x fwd P/E vs historical 30x during prior soft markets (2015-17). Near-term growth slows as mgmt pulls back from unprofitable markets.
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