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Sep 30, 2023
Rli Q3 2023 Earnings Report
RLI Corp reported net earnings for Q3 2023, impacted by Hawaiian wildfires but supported by diversified portfolio and investment income.
Key Takeaways
RLI Corp. reported a decrease in net earnings for the third quarter of 2023 compared to the previous year, primarily due to losses from Hawaiian wildfires. Despite this, the company's diversified portfolio and growth in investment income contributed to underwriting profitability and an increase in book value per share.
Underwriting income was $4.2 million with a combined ratio of 98.7.
Gross premiums written increased by 11%.
Net investment income increased by 50%.
Book value per share increased by 13% from year-end 2022, inclusive of dividends.
Rli
Rli
Forward Guidance
This is an earnings report, so forward guidance is not applicable.