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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.
Rli
Rli
Rli Revenue by Segment
Revenue by Segment
Casualty premiums Revenue
CapyFin.comProperty premiums Revenue
CapyFin.comSurety premiums Revenue
CapyFin.com 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