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RLI's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $162 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $421 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RLI's annualized ROC % for the quarter that ended in Mar. 2024 was 10.16%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. RLI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.39%.
The historical data trend for RLI's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RLI Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
EBIT | Get a 7-Day Free Trial | 240.32 | 197.44 | 352.00 | 728.73 | 384.57 |
RLI Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial | 124.80 | 98.08 | 16.89 | 144.80 | 161.61 |
For the Insurance - Property & Casualty subindustry, RLI's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Insurance industry and Financial Services sector, RLI's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where RLI's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $421 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RLI (NYSE:RLI) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
RLI's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 646.436 * ( 1 - 20.06% ) | / | ( (4981.9216 | + | 5187.26555) | / 2 ) |
= | 516.7609384 | / | 5084.593575 | |||
= | 10.16 % |
where
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 5180.221 | - | 184.144 | - | ( 36.424 | - | 5% * 445.372 ) |
= | 4981.9216 |
Invested Capital | (Q: Mar. 2024 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 5338.409 | - | 128.828 | - | ( 44.557 | - | 5% * 444.831 ) |
= | 5187.26555 |
Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
RLI's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 421.376 | / | 6591.956 | |
= | 6.39 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of RLI's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J Stone | other: President RLI Insurance Compan | C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615 |
Michael E Angelina | director | C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVENUE, WHITE PLAINS NY 10471 |
Paul Bennett Medini | director | THE ACE BUILDING, 17 WOODHOURNE AVE, HAMILTON BERMUDA D0 HM 08 |
Susan S. Fleming | director | C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103 |
Seth Anthony Davis | officer: Vice President, Controller | 9025 N. LINDBERGH DRIVE, PEORIA IL 61615 |
Debbie Sharell Roberts | director | 204 W. 59TH STREET, BURR RIDGE IL 60527 |
Kaj Ahlmann | director | 17945 ROSEWOOD STREET, STILWELL KS 66085 |
Aaron Paul Diefenthaler | officer: VP, CIO | 9025 N. LINDBERGH DRIVE, PEORIA IL 61615 |
Restrepo Robert P Jr | director | |
Calvin Jr Butler | director | 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603 |
Todd Wayne Bryant | officer: Vice President, Controller | 9025 N. LINDBERGH DRIVE, PEORIA IL 61615 |
Jennifer L Klobnak | other: Sr. VP, Operations - RLI Ins. | 9025 N LINDBERGH DRIVE, PEORIA IL 61615 |
James J. Scanlan | director | 6 TODMORDEN LANE, ROSE VALLEY PA 19086 |
Gerald I Lenrow | director | 4052 MANSION DR N.W., WASHINGTON DC 20007 |
Jonathan E Michael | director, officer: President | C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615 |
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