Rli Q3 2020 Earnings Report
Key Takeaways
RLI Corp. reported net earnings of $42.4 million, or $0.93 per share, compared to $32.3 million, or $0.71 per share, for the third quarter of 2019. Operating earnings were $19.0 million, or $0.42 per share, compared to $25.9 million, or $0.57 per share, for the same period in 2019. The company's results were impacted by losses from hurricanes, but the casualty and surety product segments delivered strong results.
Underwriting income of $1.2 million on a combined ratio of 99.5.
9% increase in gross premiums written.
Net favorable development in prior years’ loss reserves, resulting in a $24.8 million net increase in underwriting income.
Losses from Hurricanes Hanna, Isaias, Laura and Sally, resulting in a $33.2 million net decrease in underwriting income.
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