secwatch.observer — SEC 8-K summary
======================================

Issuer:     RLI CORP (RLI)
CIK:        0000084246
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001558370-24-005415
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84246/000155837024005415/0001558370-24-005415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84246/000155837024005415/rli-20240422x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005415

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer