5 Reasons Why You Should Add RLI Stock to Your Portfolio

Estimates for RLI Corp. RLIhave been revised upward over the past seven days, instilling analysts’ confidence in the stock post solid first-quarter earnings results. The stock has seen the Zacks Consensus Estimate for current-year earnings being raised 0.9% to $2.25.

RLI Corp. underwrites property and casualty insurance in the United States and internationally.

The company boasts an enviable profile, emerging strong as one of the industry’s most profitable P&C writers with an impressive track record of underwriting profits in 37 of the past 41years, particularly the last 22 years. Shares of this Zacks Rank #1 (Strong Buy) property and casualty insurer have rallied 12.3% year to date, outperforming the industry’s increase of 0.04%.