earnings
confidence high
sentiment positive
materiality 0.80
RLI Q3 net earnings $95M ($2.06/sh), operating earnings $60M ($1.31/sh); combined ratio 89.6
RLI CORP
2024-Q3 EPS reported
$6.60
revenue$1,331,268,000
- Underwriting income $40.7M (CR 89.6%) improved from $4.2M (CR 98.7%) a year ago.
- Property segment drove improvement with $30.4M underwriting income vs ($20.7M) loss in Q3 2023.
- Net investment income up 15% to $36.7M; comprehensive earnings $175.3M ($3.79/sh) vs loss $43.3M (-$0.94).
- Catastrophe losses $32.7M from Hurricanes Beryl/Helene; favorable prior-year reserve development $18.1M.
- Book value per share $38.17, up 26% from year-end 2023 (including dividends); quarterly dividend $0.29 unchanged.