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RLI
RLI Corp. (DE)
as of 11-06-2026 3:51pm EST
RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include Casualty, Property, and Surety, and it derives a majority of its revenue from the Casualty segment.
| Founded: | 1965 | Country: | United States |
| Employees: | N/A | City: | PEORIA |
| Market Cap: | 5.1B | IPO Year: | 1994 |
| Target Price: | $58.25 | AVG Volume (30 days): | 943.5K |
| Analyst Decision: | Hold | Number of Analysts: | 8 |
| Dividend Yield: | Dividend Payout Frequency: | semi-annual | |
| EPS: | 3.29 | EPS Growth: | 16.84 |
| 52 Week Low/High: | $47.26 - $69.07 | Next Earning Date: | 10-19-2026 |
| Revenue: | $1,882,448,000 | Revenue Growth: | 6.33% |
| Revenue Growth (this year): | 1.58% | Revenue Growth (next year): | 1.27% |
| P/E Ratio: | 20.95 | Index: | N/A |
| Free Cash Flow: | 608.7M | FCF Growth: | -8.56% |
Earnings Transcripts
SEC 8-K filings with transcript text
2026 Q3 Q3 2026 Earnings
8-K BUY Oct 19, 2026 · 100% conf.
Q3 2026 Earnings
8-K BUYOct 19, 2026 · 100% conf.
1D
+3.08%
$63.30
Act: +2.47%
5D
+6.24%
$65.24
20D
+7.42%
$65.97
EX-99.1
2 rli-ex99d1.htm
EX-99.1
EXHIBIT 99.1
RLI REPORTS THIRD QUARTER 2026 RESULTS
PEORIA, ILLINOIS, October 19, 2026 – RLI Corp. (NYSE: RLI) reported third quarter 2026 net earnings of $81.0 million ($0.88 per share), compared to $124.6 million ($1.35 per share) for the third quarter of 2025. Operating earnings(1) for the third quarter of 2026 were $79.3 million ($0.86 per share), compared to $75.8 million ($0.82 per share) for the same period in 2025.
Third Quarter
Year to Date
Earnings Per Diluted Share
2026
2025
2026
2025
Net earnings
$
0.88
$
1.35
$
3.29
$
3.38
Operating earnings (1)(2)
$
0.86
$
0.82
$
2.52
$
2.53
(1)See discussion below: Non-GAAP and Performance Measures.
(2)Equity in earnings of unconsolidated investees and the related taxes were removed from operating earnings and operating earnings per share beginning in the fourth quarter of 2025, resulting in consistent exclusion of unrealized changes in equity investments from operating results. Prior period amounts have been recast to conform to the current definition.
Highlights for the quarter included:
●Underwriting income(1) of $58.8 million on a combined ratio(1) of 86.2.
●Gross premiums written increased 2% and net investment income increased 13%.
●Favorable development in prior years’ loss reserves resulted in a $20.1 million net increase in underwriting income.
●Book value increased 10% from year-end 2025, inclusive of dividends and share repurchases.
“Our third-quarter results reflect consistent, disciplined execution across the business,” said RLI Corp. President & CEO Craig Kliethermes. “We delivered an 86 combined ratio, with strong underwriting performance in our property and surety segments. Gross premiums written increased 2%, led by our casualty segment. Investment income grew 13%, further contributing to earnings. As market conditions evolve across our portfolio, we remain focused on risk selection and profitable growth. We will continue to pursue opportunities where our underwriting expertise can deliver attractive long-term returns.”
Underwriting Income
RLI achieved $58.8 million of underwriting income in the third quarter of 2026 on an 86.2 combined ratio, compared to $60.5 million on an 85.1 combined ratio in 2025.
Results for both years include favorable development in prior years’ loss reserves, which resulted in a $20.1 million and $13.7 million net increase to underwriting income in 2026 and 2025, respectively.
The following table highlights underwriting income and combined ratios by segment for the third quarter.
Underwriting Income(1)
Combined Ratio(1)
(in millions)
2026
2025
2026
2025
Casualty
$
1.0
$
4.5
Casualty
99.6
98.2
Property
50.5
50.4
Property
60.1
60.2
Surety
7.3
5.6
Surety
79.8
85.0
Total
$
58.8
$
60.5
Total
86.2
85.1
(1)See discussion below: Non-GAAP and Performance Measures.
Other Income
Net investment income for the quarter increased 13% to $46.7 million, compared to the same period in 2025. The investment portfolio’s total return was -2.0% for the quarter and 0.9% for the nine months ended September 30, 2026.
RLI’s comprehensive loss was $36.8 million for the quarter (-$0.40 per share), compared to $152.3 million of comprehensive earnings ($1.65 per share) for the same quarter in 2025. In addition to net earnings, comprehensive loss for 2026 included after-tax unrealized losses from the fixed income portfolio, due to rising interest rates.
Dividends and Share Repurchase Program
On September 15, 2026, the company paid a regular quarterly dividend of $0.18 per share, the same amount as the prior quarter.
During the third quarter, RLI repurchased 103,573 shares at an average price of $60.51 per share for a total cost of $6.3 million. As of September 30, 2026, $231.7 million of capacity remained available under the share repurchase program. Over the past five years, RLI has returned more than $1.3 billion to its shareholders through dividends and share repurchases.
Non-GAAP and Performance Measures
Management has included certain non-generally accepted accounting principles (non-GAAP) financial measures in presenting the company’s results. Management believes that these non-GAAP measures further explain the company’s results of operations and allow for a more complete understanding of the underlying trends in the company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles (GAAP). In addition, our definitions of these items may not be comparable to the definitions used by other companies.
Operating earnings and operating earnings per share (EPS) consist of our GAAP net earnings adjusted by net realized ga
2026 Q2 Q2 2026 Earnings
8-K SELL Jul 22, 2026 · 100% conf.
Q2 2026 Earnings
8-K SELLJul 22, 2026 · 100% conf.
1D
-3.37%
$57.00
Act: +3.68%
5D
-5.70%
$55.63
Act: +11.29%
20D
-1.43%
$58.14
EX-99.1
2 rli-20260722xex99d1.htm
EX-99.1
EXHIBIT 99.1
RLI REPORTS SECOND QUARTER 2026 RESULTS
PEORIA, ILLINOIS, July 22, 2026 – RLI Corp. (NYSE: RLI) – RLI Corp. reported second quarter 2026 net earnings of $168.0 million ($1.82 per share), compared to $124.3 million ($1.34 per share) for the second quarter of 2025. Operating earnings(1) for the second quarter of 2026 were $76.9 million ($0.83 per share), compared to $76.2 million ($0.82 per share) for the same period in 2025.
Second Quarter
Year to Date
Earnings Per Diluted Share
2026
2025
2026
2025
Net earnings
$
1.82
$
1.34
$
2.42
$
2.03
Operating earnings (1)(2)
$
0.83
$
0.82
$
1.67
$
1.71
(1)See discussion below: Non-GAAP and Performance Measures.
(2)Equity in earnings of unconsolidated investees and the related taxes were removed from operating earnings and operating earnings per share beginning in the fourth quarter of 2025, resulting in consistent exclusion of unrealized changes in equity investments from operating results. Prior period amounts have been recast to conform to the current definition.
Highlights for the quarter included:
●Underwriting income(1) of $59.9 million on a combined ratio(1) of 85.6.
●Net investment income increased 17%, and gross premiums written increased 3%.
●Favorable development in prior years’ loss reserves resulted in a $35.1 million net increase in underwriting income.
●Book value per share of $19.09, an increase of 11% (inclusive of dividends and share repurchases) from year-end 2025.
●Authorized a $250.0 million share repurchase program and repurchased $12.0 million of common stock.
●Paid a special dividend of $2.00 per share, returning $184.0 million to shareholders.
“We are pleased to report another quarter of premium growth and profitability,” said RLI Corp. President & CEO Craig Kliethermes. “Gross premiums written increased 3%, driven by our casualty segment, while strong margins in our property and surety segments contributed to an 86 combined ratio. Net investment income increased 17%, complementing our underwriting results and contributing to an 11% increase in book value per share since year-end 2025, including dividends returned to shareholders. These results reflect our disciplined execution and continued focus on delivering specialized expertise and exceptional service to our customers.”
Underwriting Income
RLI achieved $59.9 million of underwriting income in the second quarter of 2026 on an 85.6 combined ratio, compared to $62.2 million on an 84.5 combined ratio in 2025.
Results for both years include favorable development in prior years’ loss reserves, which resulted in a $35.1 million and $24.4 million net increase to underwriting income in 2026 and 2025, respectively.
The following table highlights underwriting income and combined ratios by segment for the second quarter.
Underwriting Income(1)
Combined Ratio(1)
(in millions)
2026
2025
2026
2025
Casualty
$
1.7
$
8.3
Casualty
99.3
96.5
Property
53.5
49.5
Property
56.8
62.1
Surety
4.7
4.4
Surety
87.2
87.9
Total
$
59.9
$
62.2
Total
85.6
84.5
(1)See discussion below: Non-GAAP and Performance Measures.
Other Income
Net investment income for the quarter increased 17% to $46.0 million, compared to the same period in 2025. The investment portfolio’s total return was 3.4% for the quarter and 3.0% for the six months ended June 30, 2026.
RLI’s comprehensive earnings were $165.7 million for the quarter ($1.80 per share), compared to $143.0 million ($1.55 per share) for the same quarter in 2025. In addition to net earnings, comprehensive earnings for 2026 included after-tax unrealized losses from the fixed income portfolio, due to rising interest rates.
Dividends and Share Repurchase Program
On June 12, 2026, the company paid a special cash dividend of $2.00 per share and a regular quarterly dividend of $0.18 per share, a 12.5% increase over the prior quarter.
On May 14, 2026, the company’s Board of Directors authorized a share repurchase program of up to $250.0 million of the company’s outstanding common stock. During the second quarter, RLI repurchased 234,973 shares at an average price of $51.25 per share for a total cost of $12.0 million. As of June 30, 2026, $238.0 million of remaining capacity was available under the share repurchase program. Over the past five years, RLI has returned more than $1.3 billion to its shareholders through dividends and share repurchases.
Non-GAAP and Performance Measures
Management has included certain non-generally accepted accounting principles (non-GAAP) financial measures in presenting the company’s results. Management believes that these non-GAAP measures further explain the company’s results of operations and allo
2026 Q1 Q1 2026 Earnings
8-K SELL Apr 22, 2026 · 100% conf.
Q1 2026 Earnings
8-K SELLApr 22, 2026 · 100% conf.
1D
-3.29%
$55.23
Act: -3.80%
5D
-4.75%
$54.40
Act: -10.44%
20D
-0.15%
$57.02
Act: -7.83%
EX-99.1
2 rli-20260422xex99d1.htm
EX-99.1
EXHIBIT 99.1
RLI REPORTS FIRST QUARTER 2026 RESULTS
PEORIA, ILLINOIS, April 22, 2026 – RLI Corp. (NYSE: RLI) – RLI Corp. reported first quarter 2026 net earnings of $54.9 million ($0.60 per share), compared to $63.2 million ($0.68 per share) for the first quarter of 2025. Operating earnings(1) for the first quarter of 2026 were $76.8 million ($0.83 per share), compared to $82.5 million ($0.89 per share) for the same period in 2025.
First Quarter
Earnings Per Diluted Share
2026
2025
Net earnings
$
0.60
$
0.68
Operating earnings (1)(2)
$
0.83
$
0.89
(1)See discussion below: Non-GAAP and Performance Measures.
(2)Equity in earnings of unconsolidated investees and the related taxes were removed from operating earnings and operating earnings per share, resulting in consistent exclusion of unrealized changes in equity investments from operating results. Prior period amounts have been recast to conform to the current definition.
Highlights for the quarter included:
●Underwriting income(1) of $57.8 million on a combined ratio(1) of 86.0.
●Net investment income increased 15%, while gross premiums written increased 3%.
●Favorable development in prior years’ loss reserves resulted in a $31.3 million net increase in underwriting income.
●Book value per share of $19.54, an increase of 2% (inclusive of dividends) from year-end 2025.
"We entered 2026 with positive underwriting results, delivering an 86 combined ratio across our diversified specialty portfolio,” said RLI Corp. President & CEO Craig Kliethermes. “Our core performance remained solid to start the year. Gross premiums written grew 3%, led by our casualty segment, and net investment income increased 15%, contributing meaningfully to quarterly results and reflecting the continued strength of our investment portfolio.”
“In a dynamic market, we remain focused on disciplined underwriting, rate adequacy and strategically deploying capital to take advantage of opportunities and reward our shareholders.”
Underwriting Income
RLI achieved $57.8 million of underwriting income in the first quarter of 2026 on an 86.0 combined ratio, compared to $70.5 million on an 82.3 combined ratio in 2025.
Results for both years include favorable development in prior years’ loss reserves, which resulted in a $31.3 million and $27.4 million net increase to underwriting income in 2026 and 2025, respectively.
The following table highlights underwriting income and combined ratios by segment for the first quarter.
Underwriting Income(1)
Combined Ratio(1)
(in millions)
2026
2025
2026
2025
Casualty
$
7.3
$
2.1
Casualty
97.1
99.1
Property
48.2
56.9
Property
61.9
57.1
Surety
2.3
11.5
Surety
93.7
68.5
Total
$
57.8
$
70.5
Total
86.0
82.3
(1)See discussion below: Non-GAAP and Performance Measures.
Other Income
Net investment income for the quarter increased 15% to $42.3 million, compared to the same period in 2025. The investment portfolio’s total return was -0.4% for the quarter.
RLI’s comprehensive earnings were $29.5 million for the quarter ($0.32 per share), compared to $93.2 million ($1.01 per share) for the same quarter in 2025. In addition to net earnings, comprehensive earnings for 2026 included after-tax unrealized losses from the fixed income portfolio, due to rising interest rates.
Dividends Paid in First Quarter of 2026
On March 16, 2026, the company paid a regular quarterly dividend of $0.16 per share, the same amount as the prior quarter. RLI’s cumulative dividends total more than $1.1 billion paid over the last five years.
Non-GAAP and Performance Measures
Management has included certain non-generally accepted accounting principles (non-GAAP) financial measures in presenting the company’s results. Management believes that these non-GAAP measures further explain the company’s results of operations and allow for a more complete understanding of the underlying trends in the company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles (GAAP). In addition, our definitions of these items may not be comparable to the definitions used by other companies.
Operating earnings and operating earnings per share (EPS) consist of our GAAP net earnings adjusted by net realized gains/(losses), net unrealized gains/(losses) on equity securities and taxes related thereto. Equity in earnings of unconsolidated investees and the related taxes were excluded from operating earnings and operating EPS beginning in the fourth quarter of 2025. The change was made to present a consistent approach in excluding all unrealized changes in equity investments. Operating earnings and operating EPS for prior periods have
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The information presented on this page, "RLI RLI Corp. (DE) - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.