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Dec 31, 2024
Rli Q4 2024 Earnings Report
RLI Corp. reported a decrease in net earnings and operating earnings for Q4 2024, impacted by Hurricane Milton losses, while net investment income increased.
Key Takeaways
RLI Corp. reported a decrease in net earnings and operating earnings for the fourth quarter of 2024 compared to the same period in 2023. The results were impacted by losses from Hurricane Milton. However, net investment income saw an increase.
Net earnings decreased to $40.9 million ($0.44 per share) from $114.6 million ($1.24 per share) in Q4 2023.
Operating earnings decreased to $38.4 million ($0.41 per share) from $71.1 million ($0.77 per share) in Q4 2023.
Underwriting income was $22.2 million with a combined ratio of 94.4.
Net investment income increased by 19%.
Rli
Rli
Rli Revenue by Segment
Revenue by Segment
Casualty premiums Revenue
CapyFin.comProperty premiums Revenue
CapyFin.comSurety premiums Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.