RLI Corp. (RLI) Upgraded to Outperform

We have recently upgraded RLI Corp. (RLI) to Outperform from Neutral as we believe the company will benefit from its diversification into crop and other assumed property reinsurance. Extensive product offerings, strong local branch network and focus on specialty insurance lines are expected to aid top-line growth going forward. RLI Corp.’s diversification into crop and other [...]