RLI Reports Estimated Range Of Pretax Net Catastrophe Losses From Hawaiian Wildfires Of $65M-$75M, To Be Reflected In Q3
Portfolio Pulse from Benzinga Newsdesk
RLI Corp. has reported an estimated range of pretax net catastrophe losses from Hawaiian wildfires of $65M-$75M, which will be reflected in its Q3 2023 earnings. The company will release its third quarter earnings after market close on Monday, October 23, 2023.
August 23, 2023 | 8:14 pm
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NEGATIVE IMPACT
RLI Corp.'s Q3 2023 earnings will be impacted by an estimated $65M-$75M in pretax net catastrophe losses from Hawaiian wildfires.
The estimated losses from the Hawaiian wildfires will directly impact RLI Corp.'s Q3 2023 earnings. This could potentially lead to a decrease in the company's stock price in the short term as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100