Rli Q2 2021 Earnings Report
Key Takeaways
RLI Corp. reported second quarter net earnings of $81.8 million, compared to $92.2 million for the second quarter of 2020. Operating earnings for the second quarter of 2021 were $49.9 million, compared to $34.8 million for the same period in 2020. The company achieved an 85 combined ratio and 25% growth in gross written premiums.
Underwriting income of $36.6 million on a combined ratio of 84.8.
25% increase in gross premiums written.
Favorable development in prior years’ loss reserves, resulting in a $27.5 million net increase in underwriting income.
Book value per share of $27.46, an increase of 11% (inclusive of dividends) from year-end 2020.
Rli
Rli
Rli Revenue by Segment
Forward Guidance
RLI management will hold a conference call to discuss quarterly results with insurance industry analysts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income