RLI Q4 net EPS $2.49; operating EPS $1.54; combined ratio 82.7; special dividend $2.00

RLI CORP

2023-FY EPS reported $6.61 revenue$1,511,994,000

Q4 net earnings $114.6M ($2.49 per share) vs $97.8M ($2.13) a year ago; operating EPS $1.54 vs $1.53.
Gross premiums written up 13% in Q4; full-year combined ratio 86.6; underwriting income $173.2M.
Book value per share $30.97, up 31% from year-end 2022 (incl. dividends); special dividend $2.00/share.
Net investment income up 14.4% in Q4 to $32.5M; full-year up 40% to $120.4M.
Favorable prior-year reserve development added $95.3M to 2023 underwriting income, offset by $81.2M wildfire/storm losses.

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 1.0

RLI CORP reported fourth quarter and year ended December 31, 2023 results: net income $114.6 million ($2.49 per share), EPS $2.49 per share.

Period: fourth quarter and year ended December 31, 2023
Net income: $114.6 million ($2.49 per share)
EPS: $2.49 per share
Result: reported results

Exact text from the filing

RLI Corp. reported fourth quarter 2023 net earnings of $114.6 million ($2.49 per share), compared to $97.8 million ($2.13 per share) for the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0001558370-24-000472

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