RLI Corp ( (RLI) ) has released its Q1 earnings. Here is a breakdown of the information RLI Corp presented to its investors.
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RLI Corp., a specialty insurer in the property, casualty, and surety markets, continues to deliver niche insurance solutions through its subsidiaries, maintaining a strong financial rating and a long history of dividend payments.
In the first quarter of 2025, RLI Corp. reported net earnings of $63.2 million, a decrease from the previous year’s $127.9 million. Despite this decline, the company executed a two-for-one stock split and increased its book value per share by 6% from year-end 2024.
Key financial metrics for the quarter included a 5% increase in gross premiums written and a 12% rise in net investment income. Underwriting income stood at $70.5 million with a combined ratio of 82.3, reflecting strong performance in the property and surety segments. However, the casualty segment saw a decline in underwriting income compared to the previous year.
RLI Corp. also reported comprehensive earnings of $93.2 million, supported by favorable development in prior years’ loss reserves and positive investment returns. The company’s financial strength was affirmed by AM Best, maintaining its A+ rating.
Looking ahead, RLI Corp. remains focused on leveraging its diversified specialty portfolio to drive growth and profitability, as indicated by its management’s commitment to delivering value to shareholders and maintaining robust underwriting practices.