other material
confidence high
sentiment negative
materiality 0.65
RLI estimates $35-40M pretax catastrophe losses from Hurricanes Beryl and Helene in Q3 2024
RLI CORP
- Estimated pretax net catastrophe loss range of $35-40 million, net of reinsurance recoverables.
- Losses attributable to Hurricanes Beryl and Helene, reflected in third quarter 2024.
- Estimate subject to change due to complexity of claims and preliminary information.
- President & CEO Craig Kliethermes stated claim team is responding rapidly to assess damage.
- Third quarter 2024 earnings to be released after market close on October 21, 2024.