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Jun 30, 2023
Rli Q2 2023 Earnings Report
Reported net earnings of $77.7 million and operating earnings of $53.3 million for the second quarter of 2023.
Key Takeaways
RLI Corp. reported a strong second quarter in 2023, with a net earnings of $77.7 million ($1.69 per share) compared to a net loss of $2.2 million ($.05 per share) for the second quarter of 2022. The company's combined ratio was 87.2, with all three product segments contributing to the strong results.
Underwriting income of $41.2 million on a combined ratio of 87.2.
Gross premiums written increased by 21%.
Net investment income increased by 56%.
Book value per share of $29.65, an increase of 17% from year-end 2022.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that reflect current expectations about future performance and market conditions. These statements are subject to risk factors that could cause actual results to differ materially, 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
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Avg. Return Before/After Earnings
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