RLI CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

RLI ▲ +3.46% at T+5d

LONG call ✓ call won +3.46% · α vs SPY +6.21% · entry $50.63 → $52.38

Next anchor: T+20d in 19d

Last close $52.11 (close Jun 8) · +2.92% from $50.63 entry

Entry anchored
May 29, 03:59 PM ET
via Databento tick

T+1d

+0.65%

call +0.65% · α +0.50%

$50.96

settled 9d ago

T+5d

+3.46%

call +3.46% · α +6.21%

$52.38

settled 5d ago

T+20d

—

call — · α —

—

in 19d

T+60d

—

call — · α —

—

in 3mo

Price Chart

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Executive Summary

Three RLI insiders, including the CEO and COO, made open-market purchases totaling $339K over two days. This cluster buy is a strong signal of insider confidence, especially given the CEO's participation, though the dollar amount is modest relative to RLI's $4.7B market cap (0.007%).

Key Financial Metrics

Direction

buying

Total Value

$339.4K

Insiders

3

Actionable Insight

The CEO and COO buying in tandem is a rare and credible bullish signal for an insurance company. While the dollar amount is small relative to market cap, the cluster nature and C-suite involvement warrant attention. Monitor for upcoming earnings or material corporate developments that may have prompted this confidence. The stock's recent price near $52 may represent a perceived floor by management.

Key Facts

CEO Craig Kliethermes purchased $104K worth of shares at $52.00 on May 27.
COO Jennifer Klobnak purchased $105K worth of shares at $52.72 on May 27.
Director David Duclos purchased $130K worth of shares at $51.99 on May 28.
Total cluster value of $339K represents 0.007% of RLI's $4.7B market cap.
All three transactions were open-market purchases (code P), not grants or tax withholdings.

Financial Impact

$339K total insider purchases, 0.007% of market cap

insider ownershipmarket sentiment

Risk Factors

Small dollar amount relative to market cap limits the signal's magnitude.
Historical calibration shows RLI insider cluster reports have a 40% win rate at T+20, suggesting past signals were not consistently predictive.
No accompanying corporate event (earnings, buyback, guidance) was filed to corroborate the buying.

Market Snapshot

Exchange

NYSE

Sector

Fire, Marine & Casualty Insurance

Analyst Consensus

31% bullish (13 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-RLI-1780085751976

6 reports for RLI

T+1T+5T+20T+60

67% Hit rate 2 of 3 directional calls best @ T+5▲ +6.90%Apr 22, 2026

Filters

Reports for RLI — sortable, filterable
	Type				Now
Jun 1, 2026 8d ago	Insider Cluster BULLISH ★ 5/10	$50.96 $50.08	▼ −1.73%	▼ −1.01%	$52.11 (+2.26%)
May 29, 2026 11d ago	Insider Cluster BULLISH ★ 5/10	$50.63 $50.96	▲ +0.65%	▲ +0.50%	$52.11 (+2.92%)
May 14, 2026 26d ago	8-K BULLISH ★ 5/10	$49.88 $50.82	▲ +1.88%	▲ +3.11%	$52.11 (+4.47%)
Apr 28, 2026 6w ago	8-K MIXED ★ 5/10	$48.98 $49.58	▲ +1.21%	▲ +0.19%	$52.11 (+6.38%)
Apr 22, 2026 6w ago	8-K BEARISH ★ 7/10	$54.94 $52.81	▲ +3.88%	▲ +4.66%	$52.11 (+5.15%)
Mar 26, 2026 10w ago	DEFA14A NEUTRAL ★ 3/10	$56.32 $57.33	▲ +1.79%	▲ +2.15%	$52.11 (−7.48%)

US Market Status

Market Closed — Opens in 4h 8m

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