RLI Q2 net earnings $1.78/share; operating EPS $1.72; combined ratio 81.5

RLI CORP

2024-Q2 EPS reported $4.55 revenue$861,273,000

Net earnings $82.0M ($1.78 diluted EPS) vs $77.7M ($1.69) YoY.
Operating earnings $79.3M ($1.72 EPS) vs $53.3M ($1.16); combined ratio improved to 81.5 from 87.2.
Gross premiums written up 11%; net investment income rose 18% to $34.0M.
Favorable loss reserve development added $19.8M to underwriting income.
Book value per share $34.64, up 14% (incl. dividends) from year-end 2023; quarterly dividend raised to $0.29.

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