RLI (RLI)
Market Price (12/24/2025): $64.95 | Market Cap: $6.0 BilSector: Financials | Industry: Property & Casualty Insurance
RLI (RLI)
Market Price (12/24/2025): $64.95Market Cap: $6.0 BilSector: FinancialsIndustry: Property & Casualty Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 9.7% | Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -67% | Key risksRLI key risks include [1] increased liability exposure from the rise of third-party litigation funding and [2] the disproportionate impact of social inflation and unexpected legal trends on its high-growth niche personal umbrella line. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% | ||
| Low stock price volatilityVol 12M is 23% | ||
| Megatrend and thematic driversMegatrends include Cybersecurity, Renewable Energy Transition, and Automation & Robotics. Themes include Cloud Security, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, Dividend Yield is 4.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%, FCF Yield is 9.7% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include Cybersecurity, Renewable Energy Transition, and Automation & Robotics. Themes include Cloud Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -37%, 3Y Excs Rtn is -67% |
| Key risksRLI key risks include [1] increased liability exposure from the rise of third-party litigation funding and [2] the disproportionate impact of social inflation and unexpected legal trends on its high-growth niche personal umbrella line. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points for the approximate -0.8% movement in RLI stock around the specified period: 1. A technical sell signal was issued from a pivot top point on Thursday, December 18, 2025, immediately preceding the -0.681% decline observed on December 19, 2025.2. The analysis conclusion for RLI stock was downgraded from a "Buy" to a "Hold" candidate due to identified "small weaknesses in the technical picture."
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Stock Movement Drivers
Fundamental Drivers
The 3.8% change in RLI stock from 9/23/2025 to 12/23/2025 was primarily driven by a 6.8% change in the company's Net Income Margin (%).| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 62.58 | 64.93 | 3.76% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1816.60 | 1855.87 | 2.16% |
| Net Income Margin (%) | 17.80% | 19.02% | 6.84% |
| P/E Multiple | 17.77 | 16.89 | -4.91% |
| Shares Outstanding (Mil) | 91.83 | 91.85 | -0.02% |
| Cumulative Contribution | 3.76% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| RLI | 3.8% | |
| Market (SPY) | 3.7% | -15.6% |
| Sector (XLF) | 3.1% | 39.8% |
Fundamental Drivers
The -7.9% change in RLI stock from 6/24/2025 to 12/23/2025 was primarily driven by a -26.6% change in the company's P/E Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 70.52 | 64.93 | -7.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1733.22 | 1855.87 | 7.08% |
| Net Income Margin (%) | 16.22% | 19.02% | 17.29% |
| P/E Multiple | 23.02 | 16.89 | -26.62% |
| Shares Outstanding (Mil) | 91.77 | 91.85 | -0.09% |
| Cumulative Contribution | -7.92% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| RLI | -7.9% | |
| Market (SPY) | 13.7% | -3.7% |
| Sector (XLF) | 7.8% | 41.5% |
Fundamental Drivers
The -18.0% change in RLI stock from 12/23/2024 to 12/23/2025 was primarily driven by a -20.0% change in the company's Net Income Margin (%).| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 79.22 | 64.93 | -18.03% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1764.78 | 1855.87 | 5.16% |
| Net Income Margin (%) | 23.77% | 19.02% | -19.98% |
| P/E Multiple | 17.29 | 16.89 | -2.28% |
| Shares Outstanding (Mil) | 91.56 | 91.85 | -0.32% |
| Cumulative Contribution | -18.03% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| RLI | -18.0% | |
| Market (SPY) | 16.7% | 26.5% |
| Sector (XLF) | 15.7% | 47.2% |
Fundamental Drivers
The 6.7% change in RLI stock from 12/24/2022 to 12/23/2025 was primarily driven by a 77.6% change in the company's P/E Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 60.87 | 64.93 | 6.66% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1665.07 | 1855.87 | 11.46% |
| Net Income Margin (%) | 34.89% | 19.02% | -45.47% |
| P/E Multiple | 9.51 | 16.89 | 77.61% |
| Shares Outstanding (Mil) | 90.76 | 91.85 | -1.20% |
| Cumulative Contribution | 6.65% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| RLI | 5.0% | |
| Market (SPY) | 48.4% | 27.5% |
| Sector (XLF) | 52.3% | 51.4% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RLI Return | 18% | 11% | 25% | 4% | 28% | -16% | 81% |
| Peers Return | 26% | 25% | 2% | 23% | 17% | -2% | 126% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| RLI Win Rate | 75% | 50% | 58% | 50% | 75% | 50% | |
| Peers Win Rate | 65% | 58% | 47% | 58% | 57% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| RLI Max Drawdown | -23% | -7% | -12% | -5% | 0% | -29% | |
| Peers Max Drawdown | -30% | -9% | -17% | -3% | -9% | -18% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: KNSL, VOYA, FAF, SIGI, PGR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | RLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -15.9% | -25.4% |
| % Gain to Breakeven | 18.9% | 34.1% |
| Time to Breakeven | 24 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -29.6% | -33.9% |
| % Gain to Breakeven | 42.1% | 51.3% |
| Time to Breakeven | 238 days | 148 days |
| 2018 Correction | ||
| % Loss | -19.2% | -19.8% |
| % Gain to Breakeven | 23.7% | 24.7% |
| Time to Breakeven | 140 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -35.2% | -56.8% |
| % Gain to Breakeven | 54.4% | 131.3% |
| Time to Breakeven | 941 days | 1,480 days |
Compare to KNSL, VOYA, FAF, SIGI, PGR
In The Past
RLI's stock fell -15.9% during the 2022 Inflation Shock from a high on 5/31/2022. A -15.9% loss requires a 18.9% gain to breakeven.
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RLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and healthcare liability and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also underwrites various reinsurance coverages. It markets its products through branch offices, brokers, carrier partners, and underwriting and independent agents. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.
AI Analysis | Feedback
RLI is like a more specialized version of Chubb or Travelers, focusing exclusively on niche and unusual insurance risks that larger players might overlook.
If State Farm or Allstate are the general practitioners of insurance, RLI is a highly specialized surgeon, tackling unique and complex cases that others avoid.
Forget insuring your car or home with Geico or Progressive; RLI is the 'boutique' insurer for very specific, hard-to-place risks for businesses and professionals.
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- Casualty Insurance: Provides coverage for liabilities arising from injuries to others or damage to their property, including professional liability, commercial umbrella, and general liability.
- Property Insurance: Offers protection against loss or damage to physical property from various perils, such as marine, commercial property, and homeowner policies.
- Surety Bonds: Guarantees a party will fulfill contractual obligations, including commercial and contract surety bonds.
AI Analysis | Feedback
RLI (symbol: RLI) is a specialty insurance company that primarily underwrites and sells property and casualty insurance products. While RLI utilizes a network of independent agents and brokers to distribute its policies, it does not have "major customers" in the traditional sense where a single company or a few companies account for a significant portion of its revenue. Instead, its ultimate customers are the diverse policyholders who purchase the insurance coverage. Given that RLI sells through intermediaries and serves a broad base of policyholders rather than directly to a concentrated set of major companies, we will describe the categories of customers that ultimately benefit from RLI's insurance products. RLI serves a variety of customers across its Casualty, Property, and Surety segments: *Businesses of Various Sizes
RLI provides a wide array of insurance coverages for businesses across numerous industries. This includes professional liability (Errors & Omissions) for various professions (e.g., architects, engineers, lawyers, real estate agents), directors and officers liability, employment practices liability, commercial general liability, and specialized coverages for transportation companies (trucking, public auto), agricultural businesses, and commercial property owners. They also provide surety bonds for commercial entities and contractors. *Individuals with Specialized Homeowner Needs
Through its Property segment, RLI serves individuals who own homes that may be difficult to insure through standard markets. This often includes properties in coastal areas, those with unique construction, or higher-valued homes requiring specialized excess and surplus lines homeowners' insurance. *Marine-Related Entities
RLI offers marine insurance products, catering to businesses and individuals involved in marine activities. This includes coverage for marine cargo, hull, and marine liability for vessel owners, cargo shippers, and other entities operating in the maritime sector.AI Analysis | Feedback
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Craig W. Kliethermes, President & CEO
Mr. Kliethermes was appointed President and Chief Executive Officer of RLI on January 1, 2022. He joined RLI in 2006, serving as President and Chief Operating Officer since 2016, and Senior Vice President, Risk Services since 2013. Prior to RLI, he held various actuarial and leadership roles with Lockton Companies, GE Insurance/Employers Reinsurance, and John Deere Insurance Company. He also had actuarial roles at the Missouri Department of Insurance and American National Insurance.
Todd W. Bryant, Chief Financial Officer
Mr. Bryant has served as Chief Financial Officer and Vice President of Finance Division for RLI since 2019. He joined the company in 1993 as a statutory accountant and has held various positions within the accounting department, including Vice President, Finance & Controller since 2009. Prior to joining RLI, he was associated with Arthur Andersen and Co.
Jennifer L. Klobnak, Chief Operating Officer
Ms. Klobnak has been the Chief Operating Officer of RLI since January 2022. She joined RLI in 2000 and previously served as Senior Vice President, Operations since 2016 and Senior Vice President, Risk Services since 2014. Before her tenure at RLI, Ms. Klobnak served in an audit role with PwC.
Aaron P. Diefenthaler, Chief Investment Officer & Treasurer
Mr. Diefenthaler serves as the Chief Investment Officer and Treasurer for RLI. He has held the position of Vice President, Chief Investment Officer & Treasurer since January 23.
Jeffrey D. Fick, Chief Legal Officer & Corporate Secretary
Mr. Fick has been the Chief Legal Officer and Senior Vice President of RLI since 2016. He brings over 30 years of experience in the private practice of law and in legal and human resources executive positions at public companies. Prior to RLI, he served as Vice President, Human Resources and Community Relations at HNI Corporation and also worked as VP:Human Resources at SNAP-ON INC.
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The key risks to RLI's business primarily stem from the inherent volatility of the insurance industry and the dynamic external environment in which it operates.
- Economic Volatility and Catastrophic Events: RLI's property and casualty insurance segments are highly susceptible to economic downturns and the financial impact of catastrophic events, such as natural disasters. These events can lead to a significant increase in claims and substantial underwriting losses. For instance, in 2024, hurricanes Beryl, Helene, and Milton resulted in a notable reduction in underwriting income for the company. The company must implement robust risk management strategies to mitigate the financial repercussions of such occurrences.
- Competitive Market Conditions and Pricing Pressure: RLI operates within a highly competitive insurance market, facing pressure from both larger established insurers and emerging insurtech startups. This intense competition can lead to pricing pressure, which may adversely affect the company's profitability and underwriting margins. Challenges include a softening commercial property market and heightened competition within the Excess & Surplus property sector.
- Regulatory and Legislative Changes: As an insurance provider, RLI is subject to strict regulatory requirements, which can constrain its operational flexibility and potentially increase loss costs or limit pricing adjustments. Legislative changes, such as the rise of Third-Party Litigation Funding (TPLF), can significantly increase liability exposure and claims costs for insurers like RLI, particularly impacting its commercial liability products. Additionally, there is a risk of "social inflation" events or unexpected legal trends that could disproportionately affect specific high-growth niche markets, such as the personal umbrella line within their Casualty segment.
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The emergence of specialty Insurtech companies leveraging advanced artificial intelligence (AI) and data analytics to offer superior risk assessment, underwriting, and proactive risk management in complex commercial lines. Companies such as Coalition and At-Bay, which utilize AI to dynamically price and manage risks like cyber liability, exemplify a tech-first approach that could disrupt traditional underwriting models, leading to more accurate pricing, lower loss ratios, and more efficient operations. This trend could enable new entrants to selectively capture profitable risks and challenge established specialty insurers like RLI by offering more dynamic and precise insurance solutions.
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RLI Corp. (RLI) operates in three primary insurance segments: Casualty, Property, and Surety, primarily within the United States market, though some operations extend to U.S. territories and limited international areas.
- Casualty Insurance: RLI's Casualty segment offers a range of specialty coverages, including commercial excess, personal umbrella, general liability, transportation, management liability, professional liability, and environmental liability. Much of RLI's specialty casualty business falls within the Excess & Surplus (E&S) lines market. The addressable market for the U.S. Excess & Surplus (E&S) direct premiums written reached approximately $100 billion in 2024. This market includes various liability coverages (52.2% of E&S premiums in 2024), commercial auto (5.8%), and property lines.
- Property Insurance: The Property segment provides commercial property insurance, covering risks such as fire, earthquake, wind, flood, and marine coverages, often for unique or hard-to-place risks. Similar to specialty casualty, RLI's property offerings are significantly represented within the E&S market. The U.S. Excess & Surplus (E&S) direct premiums written, which includes a substantial portion of property lines, was approximately $100 billion in 2024. Property lines constituted 32.3% of E&S premiums in 2024.
- Surety Insurance: RLI's Surety segment specializes in providing commercial surety bonds for businesses of various sizes, as well as bonds for contractors. The global Surety Market was valued at approximately $18.3 billion in 2023 and is projected to grow to $28.63 billion by 2032. The United States holds a dominant share of the North American surety marketplace.
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RLI (symbol: RLI) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic underwriting, expansion in key segments, and advantageous investment income. Here are 3-5 expected drivers of future revenue growth:- Continued Growth in Casualty and Surety Segments: RLI has demonstrated consistent growth in its Casualty and Surety segments, with management highlighting robust opportunities for expansion in these areas. For instance, the Casualty segment saw a 14% premium growth in the first quarter of 2025, significantly driven by a 34% increase in Personal Umbrella and a 17% rate increase in auto liability coverages within this segment. This indicates a strategic focus on segments where the company can achieve both rate and exposure increases. The Surety segment has also contributed to favorable reserve developments.
- Increasing Net Investment Income: RLI has consistently reported strong increases in net investment income, which is a significant component of its overall revenue. The company saw a 12% increase in net investment income in Q3 2025, a 16% increase in Q2 2025, and a 19% increase in Q4 2024. Analysts further project that approximately 50% of RLI's bond portfolio will reprice at higher yields, specifically around 120 basis points above the current book yield, which is anticipated to mechanically boost future investment income and enhance earnings per share.
- Strategic Underwriting Discipline and Focus on Niche Markets: RLI's long-standing commitment to disciplined underwriting and its focus on specialty insurance products in unique and higher-risk areas allow it to maintain underwriting profitability and secure favorable pricing. While the property segment has experienced some rate and exposure declines, particularly in E&S property, RLI's strategy involves actively managing exposure and maintaining prudent pricing to ensure continued profitability, rather than pursuing top-line growth indiscriminately. This selective approach to underwriting and commitment to niche markets helps RLI capitalize on profitable opportunities and supports stable earned premiums.
- Investments in Technology and Operational Efficiency: RLI is committed to continuous investments in technology and talent to enhance customer experiences and improve operational efficiency across its segments. By streamlining processes and improving service delivery, these investments can indirectly support revenue growth through increased customer satisfaction, retention, and the ability to process a larger volume of business more efficiently.
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Share Repurchases
- RLI's board of directors implemented a $100 million share repurchase program in 2010.
- The company last repurchased shares in 2011 and did not repurchase any shares in 2020 or 2023.
- The share repurchase program was terminated in 2023.
Share Issuance
- On January 15, 2025, RLI executed a two-for-one stock split of common stock, which increased the number of shares outstanding but was not a capital raise.
- As of June 30, 2025, there were 91,829,470 shares of common stock outstanding.
- Shares issued under stock option plans are a source of cash flow from financing activities.
Outbound Investments
- In 2022, RLI received $686.6 million in cash proceeds from the sale of its equity method investment in Maui Jim, which was classified as an investing cash flow.
- In April 2025, RLI Transportation announced a strategic partnership with TruckerCloud to provide a unified telematics insights solution for its commercial transportation customers.
- The partnership with TruckerCloud is described as enhancing safety and risk management programs through data integration, without indicating an equity investment by RLI in TruckerCloud.
Capital Expenditures
- Cash used in investing activities, which includes capital expenditures, was $211.80 million in 2023, and $318.87 million in 2024.
- For the twelve months ending September 30, 2025, cash used in investing activities was $349.30 million.
- RLI continues to make strategic investments in technology and underwriting capabilities to support continued profitable growth.
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| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.4% | -5.4% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.1% | 7.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -12.1% |
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Peer Comparisons for RLI
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 80.35 |
| Mkt Cap | 6.8 |
| Rev LTM | 6,154 |
| Op Inc LTM | - |
| FCF LTM | 833 |
| FCF 3Y Avg | 798 |
| CFO LTM | 961 |
| CFO 3Y Avg | 811 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.5% |
| Rev Chg 3Y Avg | 13.0% |
| Rev Chg Q | 11.7% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 21.6% |
| CFO/Rev 3Y Avg | 20.1% |
| FCF/Rev LTM | 21.0% |
| FCF/Rev 3Y Avg | 19.6% |
Price Behavior
Price Behavior
| Market Price | $64.93 | |
| Market Cap ($ Bil) | 6.0 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -19.2% | |
| 50 Days | 200 Days | |
| DMA Price | $61.08 | $66.85 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 6.3% | -2.9% |
| 3M | 1YR | |
| Volatility | 22.9% | 23.1% |
| Downside Capture | -58.57 | 29.86 |
| Upside Capture | -30.42 | 5.72 |
| Correlation (SPY) | -14.1% | 26.6% |
RLI Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.65 | -0.27 | -0.16 | 0.09 | 0.34 | 0.39 |
| Up Beta | -0.77 | 0.20 | 0.34 | 0.70 | 0.50 | 0.51 |
| Down Beta | -1.03 | 0.08 | -0.15 | -0.28 | 0.26 | 0.41 |
| Up Capture | 13% | -50% | -36% | -17% | 2% | 8% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 12 | 24 | 33 | 58 | 124 | 392 |
| Down Capture | -104% | -56% | -21% | 38% | 51% | 58% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 18 | 30 | 67 | 124 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of RLI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| RLI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -17.6% | 18.1% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 23.0% | 19.0% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | -0.91 | 0.74 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 47.3% | 26.5% | 1.6% | 1.4% | 47.1% | 1.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of RLI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| RLI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 8.4% | 16.2% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 23.1% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.32 | 0.71 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 50.4% | 34.7% | 1.1% | 6.0% | 36.7% | 12.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of RLI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| RLI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.9% | 13.1% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 26.4% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.46 | 0.55 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 57.4% | 48.6% | -1.6% | 12.8% | 48.2% | 10.8% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/20/2025 | 2.8% | 2.4% | 7.1% |
| 7/21/2025 | 0.4% | -3.9% | -2.2% |
| 4/23/2025 | -3.7% | -5.2% | -5.1% |
| 1/22/2025 | -8.1% | -7.4% | -4.5% |
| 10/21/2024 | -1.8% | -3.4% | 7.9% |
| 7/22/2024 | 3.0% | 5.5% | 6.7% |
| 4/22/2024 | 3.2% | 0.6% | 4.2% |
| 1/24/2024 | -4.3% | -6.3% | 0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 15 |
| # Negative | 11 | 13 | 9 |
| Median Positive | 3.0% | 2.8% | 6.2% |
| Median Negative | -2.5% | -3.6% | -4.5% |
| Max Positive | 14.3% | 10.1% | 16.9% |
| Max Negative | -11.9% | -7.4% | -8.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10222025 | 10-Q 9/30/2025 |
| 6302025 | 7242025 | 10-Q 6/30/2025 |
| 3312025 | 4252025 | 10-Q 3/31/2025 |
| 12312024 | 2212025 | 10-K 12/31/2024 |
| 9302024 | 10232024 | 10-Q 9/30/2024 |
| 6302024 | 7242024 | 10-Q 6/30/2024 |
| 3312024 | 4242024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 10252023 | 10-Q 9/30/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 4212023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 10212022 | 10-Q 9/30/2022 |
| 6302022 | 7222022 | 10-Q 6/30/2022 |
| 3312022 | 4222022 | 10-Q 3/31/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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