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RLI Corp (RLI)
NYSE:RLI
Earnings Data
Report Date
Apr 22, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.83Last Year’s EPS
0.92Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented materially positive financial and operational achievements: strong underwriting income ($264M), improved EPS, 33% book value per share growth, 30 years of underwriting profitability, solid investment returns, targeted segment wins (personal umbrella, surety, Hawaii homeowners), and disciplined reinsurance renewals. Offsetting headwinds include modest overall premium growth (down 2% in Q4), notable pressure in E&S property premiums and competitive dynamics (hurricane and earthquake rate moderation), elevated casualty and transportation challenges (high short‑term casualty combined ratios, reserve variability, transportation severity), and a higher expense ratio. Management emphasized disciplined underwriting, investments in technology/analytics, and capital flexibility. On balance, the positive financial results, capital generation, and demonstrated underwriting discipline outweigh the operational and market pressures, leaving a constructive but vigilant outlook.Company Guidance
Sustained Underwriting Profitability
30th consecutive year of underwriting profitability; full-year underwriting income of $264 million on an ~83.6 combined ratio (management also referenced ~84 combined ratio). Q4 underwriting income was $71 million on an 82.6 combined ratio versus $22 million on a 94.4 combined ratio in Q4 last year.
Earnings and EPS Improvement
Q4 operating earnings per share of $0.94, up from $0.52 a year ago. GAAP net earnings per share were $0.99 in Q4 and $4.37 for the full year, a 17% increase over FY2024.
Strong Capital Generation and Book Value Growth
Comprehensive earnings of $5.29 for the year drove a 33% growth in book value per share (inclusive of dividends). Strong capital generation supported a $2.00 per share special dividend in addition to the ordinary Q4 dividend.
Investment Income and Portfolio Returns
Net investment income increased 9% in Q4. The investment portfolio returned 1.5% in Q4 and 9% for the year. Purchase yields averaged 4.9% in the quarter, approximately 70 basis points above book yield, supporting accretive fixed-income opportunities.
Segment-Level Wins — Property and Specialty Books
Property segment produced an excellent 49.2 combined ratio in Q4 (57.2 on the year) despite an 11% Q4 premium decline, demonstrating portfolio quality. Hawaii homeowners premiums grew 5% in Q4 and 26% for the year (helped by rate increases and book rollovers). Marine and Inland Marine showed growth and underwriting profit in 2025.
Personal Umbrella and Surety Outperformance
Personal umbrella premium grew 24% in the quarter with a 12% rate increase (additional approvals expected to add rate in 2026). Surety produced a strong 80 combined ratio in Q4; transactional and commercial surety each grew ~4%.
Disciplined Underwriting and Risk Management
Management emphasized selective underwriting discipline (pulling back from underpriced business), holdings of a diversified specialty portfolio, investment in analytics/technology, and improvements in submission-level analytics and loss-control that supported profitability amid competitive markets.
Reinsurance Positioning — Cost Relief Realized
January 1 renewals captured a buyer's market on property reinsurance with ~15%–20% rate decreases on catastrophe programs and ~5% rate relief on casualty reinsurance; purchase decisions reduced catastrophe limit purchased by $150 million while maintaining a $50 million attachment point.
RLI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RLI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $57.25 | $56.97 | -0.49% |
Oct 21, 2025 | $59.23 | $59.42 | +0.32% |
Jul 22, 2025 | $67.15 | $66.67 | -0.71% |
Apr 23, 2025 | $75.10 | $72.35 | -3.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does RLI Corp (RLI) report earnings?
RLI Corp (RLI) is schdueled to report earning on Apr 22, 2026, After Close (Confirmed).
What is RLI Corp (RLI) earnings time?
RLI Corp (RLI) earnings time is at Apr 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RLI EPS forecast?
RLI EPS forecast for the fiscal quarter 2026 (Q1) is 0.83.