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    RLI   US7496071074

RLI CORP.

(RLI)
  Report
Real-time Estimate Cboe BZX  -  12:53 2022-10-04 pm EDT
105.77 USD   +2.31%
10/03Sector Update: Financial Stocks Climb Pre-Bell Monday
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RLI Corp. : RLI Marine to Pay Activation Fee on IRONwatch™ Equipment Anti-Theft Tracking Device for Insureds

05/07/2012 | 04:05pm EDT

RLI Corp. (NYSE: RLI) announced that it will pay the theft activation fee for all of its RLI Marine policy holders who purchase and install an IRONwatchequipment tracking device serviced by the National Equipment Register (NER). This offer will help participating RLI Marine insureds reduce the recovery time and costs associated with stolen equipment.

"Theft is a major source of concern for both RLI and our customers," said Robert Schauer, President of RLI Marine. "We are pleased to be partnering with the NER to provide this offer and help our insureds nationwide combat equipment theft."

IRONwatch, a new wireless GPS tracking and recovery device designed for mobile heavy equipment, is offered exclusively through the NER, a member of the Verisk Analytics (Nasdaq:VRSK) family of companies. IRONwatch utilizes a unique sleeping SIM card which enables the device to be left in sleep mode until it needs to be activated to locate a missing piece of equipment. IRONwatch is supported by a 24-hour call center that uses the NER's extensive experience to support the investigation and recovery of stolen equipment. With this support system, IRONwatch is able to quickly deliver accurate location and recovery information to equipment owners and law enforcement for misplaced or stolen equipment.

RLI Marine will pay the activation fee every time an insured's IRONwatch device is activated and a theft is reported to law enforcement. There are no monthly monitoring fees associated with using the IRONwatch device, making it an effective, low-cost solution for equipment protection and recovery.

RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country. RLI's insurance subsidiaries - RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company - are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. Contractors Bonding and Insurance Company is rated A "Excellent" by A.M. Best Company.

For additional information, contact Bob Schauer, President, RLI Marine at (212) 626-7734 or at robert.schauer@rlicorp.com or visit the RLI Marine website at www.rlimarine.com.

RLI Marine
Bob Schauer, (212) 626-7734
Robert.Schauer@rlicorp.com
www.rlimarine.com


© Business Wire 2012
All news about RLI CORP.
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Analyst Recommendations on RLI CORP.
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Financials (USD)
Sales 2022 1 203 M - -
Net income 2022 135 M - -
Net Debt 2022 - - -
P/E ratio 2022 36,9x
Yield 2022 10,4%
Capitalization 4 690 M 4 690 M -
Capi. / Sales 2022 3,90x
Capi. / Sales 2023 3,48x
Nbr of Employees 902
Free-Float 63,7%
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Technical analysis trends RLI CORP.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 103,38 $
Average target price 135,00 $
Spread / Average Target 30,6%
EPS Revisions
Managers and Directors
Craig William Kliethermes President & Chief Executive Officer
Todd Wayne Bryant Chief Financial Officer & Vice President
Jonathan E. Michael Chairman
Bryan T. Fowler Chief Information Officer & Vice President
Jennifer L. Klobnak Senior Vice President-Risk Services
Sector and Competitors