earnings
confidence high
sentiment negative
materiality 0.60
RLI Corp Q1 net earnings down 13% YoY; AM Best upgrades rating to A++
RLI CORP
2026-Q1 EPS
reported $0.60
vs consensus $0.79
▼ miss
(-24.1%)
- Net earnings of $54.9M ($0.60 per share) vs $63.2M ($0.68) in Q1 2025; operating earnings of $76.8M ($0.83) vs $82.5M ($0.89).
- Combined ratio of 86.0 (vs 82.3) with underwriting income of $57.8M, including $31.3M favorable reserve development.
- Net investment income rose 15% to $42.3M; book value per share $19.54, up 2% from year-end 2025.
- Gross premiums written up 3%; regular quarterly dividend maintained at $0.16 per share.
- AM Best upgraded insurance subsidiaries' financial strength rating to A++ (Superior) and parent ICR to a+.