RLI

RLI Corp. Estimates $35-40M Loss from Hurricanes

RLI Corp. (NYSE: RLI) has announced an estimated range of pretax net catastrophe losses from hurricanes Beryl and Helene of $35 to $40 million, to be reflected in the third quarter of 2024. This range is net of reinsurance recoverables and is subject to change due to the complexity of the claims and preliminary nature of the information currently available. The company's President & CEO, Craig Kliethermes, expressed concern for those impacted by the storms and highlighted the company's rapid response to assess the widespread damage and assist affected policyholders in their recovery efforts.

The third quarter earnings for 2024 are set to be released after market close on Monday, October 21, 2024, with the quarterly conference call scheduled for the following day at 10 a.m. CDT. Today the company's shares have moved 0.4% to a price of $152.59. For more information, read the company's full 8-K submission here.

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