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Mar 31
Rli Q1 2025 Earnings Report
RLI Corp. reported solid profitability and premium growth in Q1 2025 despite lower net earnings year-over-year.
Key Takeaways
RLI Corp. delivered profitable results in Q1 2025, with strong underwriting performance and investment income gains. Net earnings fell year-over-year due to lower unrealized equity gains, but operational metrics remained resilient.
Net income dropped to $63.2M due to lower unrealized equity gains.
Operating earnings remained stable at $84.9M.
Gross premiums written increased 5%, led by growth in the casualty segment.
Strong property and surety margins contributed to a low combined ratio of 82.3.
Rli
Rli
Rli Revenue by Segment
Revenue by Segment
Casualty premiums Revenue
CapyFin.comProperty premiums Revenue
CapyFin.comSurety premiums Revenue
CapyFin.com Forward Guidance
Management emphasized continued premium growth and strong margins, highlighting their diversified specialty portfolio as a key strength.
Positive Outlook
- Continued momentum in casualty premiums.
- Strong underwriting margins in property and surety.
- Book value per share rose 6% since year-end 2024.
- Net investment income increased by 12%.
- A+ (Superior) rating affirmed by AM Best for all insurance subsidiaries.
Challenges Ahead
- Net earnings fell 50.6% YoY.
- Lower underwriting income compared to Q1 2024.
- Decline in equity portfolio value due to market fluctuations.
- Casualty combined ratio increased to 99.1 from 93.1.
- Comprehensive earnings declined 19.1% YoY.