RLI

RLI · NYSE

$62.71+$1.51 (+2.47%)TodayMarket closed · Oct 20, 7:32 PM ET

Prev close $61.20

RLI analyst rating

HoldConsensus of 4 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform2
Sell0

12-month price target · 6 analysts

Average $56.21 (−10.4% downside)

Low: $33.89
Now: $62.71
High: $77.70

Upgrades and downgrades

The latest rating actions, newest first

RLI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 12, 2026	Maintains	Underweight	$57.00 → $51.00	80%
Jefferies	Aug 25, 2026	Downgrade	Hold → Underperform	$53.00	59%
Keefe, Bruyette & Woods	Jul 29, 2026	Maintains	Outperform	$70.00 → $74.00	68%
Wells Fargo	Jul 29, 2026	Downgrade	Equal-Weight → Underweight	$57.00	80%
Wells Fargo	Jul 9, 2026	Maintains	Equal-Weight	$55.00 → $62.00	80%
Keefe, Bruyette & Woods	Jul 8, 2026	Maintains	Outperform	$67.00 → $70.00	68%
Wells Fargo	Apr 9, 2026	Maintains	Equal-Weight	$59.00 → $55.00	80%
Keefe, Bruyette & Woods	Apr 7, 2026	Maintains	Outperform	$70.00 → $67.00	68%
Wells Fargo	Jan 23, 2026	Maintains	Equal-Weight	$62.00 → $59.00	80%
Citizens	Jan 23, 2026	Maintains	Market Perform	—	72%

The case for and against

Updated Mar 20, 2026

Bull case

RLI Corp is experiencing growth in its insurance operations, particularly in its Excess and Surplus (E&S) Casualty division, which reported a 13% increase in revenue due to a 20% rise in submissions, indicating strong market demand and effective engagement with wholesale distributors. Additionally, the Surety segment has benefited from new agency relationships and ongoing construction projects, further enhancing revenue potential in a robust market environment characterized by elevated material costs. The company's focus on expanding its offerings and optimizing its distribution channels across various segments presents a favorable outlook for sustained growth and profitability in the near future.

Bear case

RLI Corp has experienced a notable decline in growth, with gross written premiums falling by 2% in the latest quarter, significantly below the projected growth rate, particularly impacted by an 11% decrease in the Property segment. Additionally, the casualty reserve cushion appears to have diminished due to increased loss development in the 2021-2022 accident years, signaling potential underlying loss inflation and negatively affecting underwriting profit. Furthermore, the Excess and Surplus market, a primary revenue source for RLI's property business, has seen drastic decreases, including a 46% decline in premium per policy in Florida during the third quarter, which further compounds the company's challenges.

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