Rli Q4 2020 Earnings Report
Key Takeaways
RLI Corp. reported a strong fourth quarter in 2020, with net earnings of $83.8 million or $1.84 per share, compared to $53.4 million or $1.18 per share in Q4 2019. Operating earnings for the quarter were $34.0 million or $0.75 per share, compared to $28.6 million or $0.63 per share for the same period in 2019. The company achieved underwriting income of $27.0 million on a combined ratio of 88.0.
Underwriting income of $27.0 million on a combined ratio of 88.0.
10% increase in gross premiums written.
Net favorable development in prior years’ loss reserves, resulting in a $24.7 million net increase in underwriting income.
Special dividend of $1.00 per share, representing $45.1 million returned to shareholders.
Rli
Rli
Rli Revenue by Segment
Forward Guidance
RLI will continue to position itself for long-term growth through sustained financial strength, underwriting discipline, and customer focus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income