RLI Q3 operating EPS $0.61 beats prior year; wildfire losses weigh on underwriting

RLI CORP

2023-Q3 EPS reported $4.12 revenue$1,078,479,000

Q3 2023 net earnings $13.5M ($0.29/diluted); operating earnings $28.3M ($0.61/share) up 22% YoY.
Combined ratio 98.7, underwriting income $4.2M; Hawaiian wildfires added 17 points and $58.2M loss.
Gross premiums written +11% YoY; net investment income +50% to $32.0M.
Book value per share $28.47, up 13% (incl. dividends) from year-end 2022.
Regular quarterly dividend $0.27/share paid Sept 20, unchanged from prior quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RLI CORP reported third quarter of 2023 results: net income $13.5 million ($0.29 per share), EPS $0.29.

Period: third quarter of 2023
Net income: $13.5 million ($0.29 per share)
EPS: $0.29
Result: reported results

Exact text from the filing

RLI Corp. announced its results of operations for the third quarter of 2023.

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Source: SEC EDGAR

accession 0001558370-23-016626

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