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Mar 31, 2024
Rli Q1 2024 Earnings Report
RLI reported an increase in net earnings and operating earnings compared to the same quarter last year.
Key Takeaways
RLI Corp. reported a strong first quarter in 2024, with significant increases in net earnings and operating earnings. Gross premiums written increased by 13%, driven by contributions from all three product segments. The company's underwriting income and investment returns contributed to an 8% increase in book value.
Underwriting income was $77.7 million with a combined ratio of 78.5.
Gross premiums written increased by 13%.
Net investment income increased by 21%.
Favorable development in prior years’ loss reserves resulted in a $37.4 million net increase in underwriting income.
Revenue by Segment
Forward Guidance
This news release contains forward-looking statements that are subject to certain risk factors as detailed in the company's filings with the Securities and Exchange Commission.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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