RLI Q1 2024 net earnings $2.77/share vs $2.15 prior year; combined ratio 78.5

RLI CORP

2024-Q1 EPS reported $2.77 revenue$444,831,000

Net earnings $127.9M ($2.77 EPS) up 29% from $98.8M ($2.15 EPS) in Q1 2023.
Operating earnings (non-GAAP) $87.4M ($1.89 EPS) vs $75.0M ($1.63 EPS).
Underwriting income $77.7M on combined ratio 78.5; gross premiums written up 13%.
Net investment income +21.3% to $32.8M; book value per share $33.27 (+8% from year-end).
Quarterly dividend $0.27 per share maintained; AM Best affirms A+ (Superior) rating.

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 0.9

RLI CORP reported first quarter of 2024 results: net income $127.9 million ($2.77 per share), EPS $2.77.

Period: first quarter of 2024
Net income: $127.9 million ($2.77 per share)
EPS: $2.77
Result: reported results

Exact text from the filing

RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023.

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Source: SEC EDGAR

accession 0001558370-24-005415

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