secwatch.observer — SEC 8-K summary
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Issuer:     RLI CORP (RLI)
CIK:        0000084246
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001558370-25-000315
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLI Q4 net earnings drop to $0.44 from $1.24; Hurricane Milton loss $42.4M
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- Q4 net earnings $40.9M ($0.44 diluted), down from $114.6M ($1.24); operating earnings $0.41 vs $0.77.
- Hurricane Milton caused $42.4M net underwriting loss in Q4; favorable prior-year reserve development added $8.7M.
- Full-year gross premiums exceeded $2B for first time, up 11%; combined ratio 86.2 (29th consecutive profitable year).
- Special dividend of $2.00/share paid Dec 20; regular dividend $0.145/share; $236M returned to shareholders in 2024.
- Book value per share $16.59, up 24% including dividends; 2-for-1 stock split executed Jan 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84246/000155837025000315/0001558370-25-000315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84246/000155837025000315/rli-20250122x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000315

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