Welcome to our dedicated page for RLI news (Ticker: RLI), a resource for investors and traders seeking the latest updates and insights on RLI stock.
RLI Corp (RLI) is a specialty insurance leader providing niche property & casualty solutions for underserved markets. This news hub aggregates official press releases and verified updates about corporate developments, financial performance, and strategic initiatives.
Investors and industry professionals will find timely information on quarterly earnings, product innovations, and leadership changes, along with analysis of market trends impacting specialty insurance sectors. The curated collection includes updates on casualty underwriting, surety bond offerings, and capital management strategies.
Key content categories cover financial results announcements, acquisition activity, underwriting excellence milestones, and industry recognition. All materials are sourced directly from RLI's corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to RLI's evolving story in specialty risk solutions. Regular updates provide insights into how the company maintains its position through expert underwriting and disciplined portfolio management.
RLI Corp. (NYSE: RLI) reported a robust performance for the first quarter of 2023, achieving net earnings of $98.8 million ($2.15 per share), a significant increase from $47.9 million ($1.05 per share) in the same quarter of 2022. Operating earnings also rose to $75.0 million ($1.63 per share), compared to $60.4 million ($1.32 per share) year-over-year. Key highlights include:
- 16% growth in gross premiums written
- 51% increase in net investment income, totaling $27.1 million
- Underwriting income of $67.9 million with a combined ratio of 77.9
- Book value per share increased to $28.62, marking a 12% growth from year-end 2022
The results reflect RLI's consistent underwriting profitability and effective investment strategies.
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