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Jun 30
Rli Q2 2025 Earnings Report
RLI posted solid earnings growth and book value gains in Q2 2025.
Key Takeaways
RLI delivered strong second-quarter results with higher net income, improved investment income, and a 16% increase in book value, driven by favorable reserve development and disciplined underwriting.
Net income rose to $124.3M on solid underwriting and investment gains.
Operating income reached $78.1M with a combined ratio of 84.5.
Book value per share grew 16% since year-end 2024.
Net investment income increased 16% to $39.4M.
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 focus on underwriting discipline and leveraging favorable interest rates to sustain book value growth.
Positive Outlook
- Strong underwriting discipline maintained in competitive market
- Favorable reserve development contributed to earnings
- Investment income benefiting from higher rates
- Book value growth driven by solid operations
- Recognition as top-performing insurer by Ward’s 50 for 35th year
Challenges Ahead
- Underwriting income declined from prior year
- Higher loss and settlement expenses year over year
- Slightly lower operating EPS compared to Q2 2024
- Property combined ratio worsened from prior year
- Catastrophe losses partially offset favorable development