Loading...
•
Jun 30, 2020
Rli Q2 2020 Earnings Report
Second quarter results were reported with net earnings of $92.2 million and operating earnings of $34.8 million.
Key Takeaways
RLI Corp. reported a strong second quarter with significant growth in net earnings and operating earnings. The company achieved underwriting profitability across all product segments, resulting in an 88.4 combined ratio. A strong rebound in capital markets contributed to an increase in book value.
Underwriting income of $24.2 million with a combined ratio of 88.4.
Gross premiums written increased by 1%.
Net favorable development in prior years’ loss reserves increased underwriting income by $21.6 million.
Book value per share increased by 8% from year-end 2019, reaching $23.39 per share.
Rli
Rli
Forward Guidance
RLI Corp. did not provide specific forward guidance in this earnings report.