RLI Corp
In the published model solve dated 2026-Q2, anchored at $62.81, RLI Corp (RLI) is priced for 17.9% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• RLI is a specialty insurer that underwrites hard-to-place casualty, property, and surety risks, and its hallmark is discipline: it has delivered underwriting profits for 30 consecutive years and raised its dividend for 50 straight, a record that reflects how it earns rather than what it owns. • The price is the issue, not the business: at roughly 2.7 times book the stock sits at the very top of its insurance peer group, implying a sustained return on equity near 16 percent even though it has r
Is RLI overvalued? See what's priced in →
404 institutional managers reported holding RLI in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 51%. 46 opened new positions that quarter. Held by Vanguard Group, State Street, BlackRock, among others. On the short side, 6.5M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RLI's share count grew 1.6% over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting), raised 2 years straight; the current rate is $2.63 a share annually. Cash returned over the past three years: $607.85M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RLI over the trailing three years: 2025: 6 buys totaling $1.16M; 2026: 7 buys totaling $1.16M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RLI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +0.8% | +0.8% |
| 2023-10-26 | -1.2% | -1.9% |
| 2024-02-24 | +2.6% | -1.7% |
| 2024-04-25 | +0.6% | -4.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RLI's latest 8-K filings: 2026-07-28 (items 7.01, 9.01); 2026-07-22 (items 2.02, 9.01); 2026-07-15 (items 5.02, 9.01); 2026-06-25 (items 5.02); 2026-05-20 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.