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Compared to Estimates, RLI Corp. (RLI) Q3 Earnings: A Look at Key Metrics
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RLI Corp. (RLI - Free Report) reported $426.18 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 21.6%. EPS of $1.31 for the same period compares to $0.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $420.15 million, representing a surprise of +1.44%. The company delivered an EPS surprise of +33.67%, with the consensus EPS estimate being $0.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RLI Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Expense Ratio- Total: 37.7% versus 38.3% estimated by four analysts on average.
Loss Ratio- Total: 51.9% compared to the 58.2% average estimate based on four analysts.
Combined Ratio (Underwriting income ratio) - Total: 89.6% compared to the 96.5% average estimate based on four analysts.
Combined Ratio - Property: 77.2% versus 107.5% estimated by two analysts on average.
Combined Ratio - Casualty: 98.8% versus the two-analyst average estimate of 96.7%.
Combined Ratio - Surety: 78.8% compared to the 83% average estimate based on two analysts.
Net premiums earned: $389.49 million compared to the $384.17 million average estimate based on five analysts. The reported number represents a change of +22.3% year over year.
Net investment income: $36.69 million versus the five-analyst average estimate of $35.98 million. The reported number represents a year-over-year change of +14.8%.
Net premiums earned- Property segment: $133.27 million compared to the $123.85 million average estimate based on two analysts. The reported number represents a change of +40.3% year over year.
Net premiums earned- Surety segment: $36.59 million compared to the $36.96 million average estimate based on two analysts. The reported number represents a change of +7.2% year over year.
Net premiums earned- Casualty segment: $219.64 million compared to the $223.99 million average estimate based on two analysts. The reported number represents a change of +16% year over year.
Shares of RLI Corp. have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, RLI Corp. (RLI) Q3 Earnings: A Look at Key Metrics
RLI Corp. (RLI - Free Report) reported $426.18 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 21.6%. EPS of $1.31 for the same period compares to $0.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $420.15 million, representing a surprise of +1.44%. The company delivered an EPS surprise of +33.67%, with the consensus EPS estimate being $0.98.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how RLI Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Expense Ratio- Total: 37.7% versus 38.3% estimated by four analysts on average.
- Loss Ratio- Total: 51.9% compared to the 58.2% average estimate based on four analysts.
- Combined Ratio (Underwriting income ratio) - Total: 89.6% compared to the 96.5% average estimate based on four analysts.
- Combined Ratio - Property: 77.2% versus 107.5% estimated by two analysts on average.
- Combined Ratio - Casualty: 98.8% versus the two-analyst average estimate of 96.7%.
- Combined Ratio - Surety: 78.8% compared to the 83% average estimate based on two analysts.
- Net premiums earned: $389.49 million compared to the $384.17 million average estimate based on five analysts. The reported number represents a change of +22.3% year over year.
- Net investment income: $36.69 million versus the five-analyst average estimate of $35.98 million. The reported number represents a year-over-year change of +14.8%.
- Net premiums earned- Property segment: $133.27 million compared to the $123.85 million average estimate based on two analysts. The reported number represents a change of +40.3% year over year.
- Net premiums earned- Surety segment: $36.59 million compared to the $36.96 million average estimate based on two analysts. The reported number represents a change of +7.2% year over year.
- Net premiums earned- Casualty segment: $219.64 million compared to the $223.99 million average estimate based on two analysts. The reported number represents a change of +16% year over year.
View all Key Company Metrics for RLI Corp. here>>>Shares of RLI Corp. have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.