Rli Corp Intrinsic Stock Value – RLI Corp. Announces Retirement of Jonathan Michael as Chairman of the Board
December 16, 2023
🌥️Trending News
RLI ($NYSE:RLI) Corp. has announced the retirement of Jonathan Michael from his role as Chairman of the Board. He will be replaced by current board member James Henderson. The company is headquartered in Peoria, Illinois and provides property and casualty insurance products and services including personal, commercial and surety lines of insurance. RLI also provides reinsurance products and services from offices in the United States, Europe, and Asia. Michael’s retirement from the Board comes as no surprise, as he recently completed a significant expansion of RLI’s product line and customer base over the last few years.
“Jonathan’s leadership has been an integral part of RLI’s success over the years,” said President and CEO Jonathan E. Michael. “We are grateful for his many contributions to the company and wish him all the best in his retirement.” The Board is confident that James Henderson will be able to provide the same level of strong leadership as Michael did during his tenure.
Market Price
In response to the news, RLI Corp stock opened at $133.2 and closed at $128.5, down by 3.7% from last closing price of 133.4. The announcement marked a significant shift in RLI Corp’s leadership and investors reacted accordingly. Going forward, Mr. Michael’s role as Chairman of the Board will be assumed by Ms. Karen Lively, who is currently the Chief Operating Officer for RLI Corp. In her new role, Ms. Lively will be responsible for overseeing and providing guidance to the Board of Directors as they strive to support RLI Corp’s mission and goals.
In a statement, CEO John Nolan thanked Mr. Michael for his leadership and guidance over the years, adding that he is confident Ms. Lively will bring fresh ideas and perspective to the role. RLI Corp is now looking ahead to a new era under Ms. Lively’s leadership. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rli Corp. More…
| Total Revenues | Net Income | Net Margin |
| 1.44k | 287.83 | 19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rli Corp. More…
| Operations | Investing | Financing |
| 309.75 | -547.13 | -467.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rli Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.08k | 3.78k | 28.47 |
Key Ratios Snapshot
Some of the financial key ratios for Rli Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | – | 24.6% |
| FCF Margin | ROE | ROA |
| 21.0% | 16.8% | 4.4% |
Analysis – Rli Corp Intrinsic Stock Value
GoodWhale has conducted an in-depth analysis of RLI CORP‘s financials, and our proprietary Valuation Line has calculated a fair value of $116.7 for the share. Currently, the stock is trading at $128.5, which means it is overvalued by 10.1%. It’s important to note that the calculations are based on expected future performance and not necessarily a prediction of current market dynamics. Nevertheless, investors should be aware that the price they pay could be higher than the fair value determined by our analysis. More…
Peers
The company operates in three segments: Property and Casualty, Accident and Health, and surety. RLI Corp. offers a variety of insurance products for individuals, families, and businesses, including auto, home, life, and health insurance. The company also provides surety bonds for construction projects and other purposes. RLI Corp. competes with Horace Mann Educators Corp, Definity Financial Corp, Nadejda AD, and other insurance companies.
– Horace Mann Educators Corp ($NYSE:HMN)
Horace Mann Educators Corporation is a holding company that operates through its subsidiaries as a multiline insurance company specializing in providing insurance products and services for teachers and other education professionals. The Company operates through four segments: Property and Casualty, Retirement, Life and Other. The Company’s products and services include auto and homeowners insurance, professional liability insurance, retirement products and services, life insurance, annuities, supplemental health and long-term care insurance.
– Definity Financial Corp ($TSX:DFY)
The company’s market cap is 4.31B as of 2022. The company’s ROE is 5.12%. The company’s primary operations are providing financial services and products to consumers and businesses in the United States. The company offers a variety of products and services, including credit cards, loans, and investment products. The company has a strong focus on customer service and providing a good experience for its customers.
Summary
RLI Corp. is a specialty insurance company that has seen notable success over the last few years. Recently, company chairman Jonathan Michael announced his retirement, causing RLI stock to drop on the same day. Despite this setback, investment analysts remain positive about the company’s long-term prospects. RLI has consistently grown their core business and developed strategic partnerships that have yielded excellent dividends over the last five years.
Furthermore, the company remains financially sound and has a diverse portfolio of products which should help to minimize the negative impacts of Jonathan Michael’s retirement. In conclusion, while stock prices may have dropped in the short term, analysts remain confident that RLI will continue to be a profitable investment going forward.
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