Rli Q4 2019 Earnings Report

RLI Corp reported strong financial results for Q4 2019, with net earnings of $53.4 million and operating earnings of $28.6 million.

Key Takeaways

RLI Corp. reported a strong fourth quarter in 2019, with significant increases in net earnings and operating earnings compared to the same period in 2018. The company achieved an underwriting income of $16.5 million and a combined ratio of 92.4. RLI also surpassed $1 billion in gross premiums written and statutory surplus for the first time in company history.

Net earnings were $53.4 million ($1.18 per share), compared to a net loss of $20.7 million (-$0.46 per share) in Q4 2018.

Operating earnings were $28.6 million ($0.63 per share), compared to $17.8 million ($0.40 per share) in Q4 2018.

Underwriting income was $16.5 million, with a combined ratio of 92.4.

A special dividend of $1.00 per share was paid, returning $44.9 million to shareholders.