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Reasons Why Investors Should Consider Buying RLI Stock Now

RLI Corp.'s (NYSE: RLI) strong product portfolio, rate increases, improved retention, higher premium receipts and sufficient liquidity make it worth adding to one's portfolio. Optimistic Growth Projections The Zacks Consensus Estimate for RLI's 2024 earnings per share indicates an increase of 18.4% from the year-ago reported number. The consensus estimate for revenues is pegged at $1.64 billion, implying a year-over-year improvement of 15.6%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 3.8% and 9.2%, respectively, from the corresponding 2024 estimates. Earnings have grown 18.7% in the past five years, better than the industry average of 10.5% Earnings Surprise History RLI has a solid track record of beating earnings estimates in three of the last four quarters while missing in one, the average being 132.39%. Estimate Revision The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 1.9% and 2.7% north, respectively, in the past 60 days. This should instill investors' confidence in the stock. Zacks Rank & Price Performance RLI currently carries a Zacks Rank #2 (Buy). Year to date, the stock has gained 4.3% compared with the industry's growth of 13.5%. Image Source: Zacks Investment ...