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RLI Corp. reports developments for a specialty insurer serving niche property, casualty and surety markets. The company writes commercial and personal lines coverage through RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company, with activity across Casualty, Property and Surety operations.
Recurring news for RLI includes quarterly and year-end earnings, underwriting performance, combined-ratio commentary, premium trends, net investment income, regular dividend declarations and insurance financial-strength ratings. Company updates also cover leadership changes in underwriting, claims and finance functions that support its specialty insurance operations.
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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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RLI Corp. (NYSE: RLI) has launched RLI Safety Solutions, a suite of safety consulting services tailored for small and midsized commercial transportation fleet operators. These services, available nationwide, include DOT compliance reviews, customized driver training programs, and safety evaluations. RLI Transportation President Dan Meyer emphasized that these solutions aim to enhance safety and compliance while managing risks for fleet operators. RLI is recognized for its niche property and casualty insurance, boasting A+ ratings from AM Best and a history of 47 years of increased regular dividends and 27 years of underwriting profits.
RLI Corp. (NYSE: RLI) has declared a first-quarter cash dividend of $0.26 per share, consistent with the previous quarter. This dividend is payable on March 20, 2023, to shareholders on record as of February 28, 2023. The company boasts a strong history, having increased dividends for the last 47 years, resulting in an annual dividend of $1.04 and a yield of 0.78% based on the last closing stock price of $133.50. RLI Corp. is a specialty insurer recognized for its underwriting expertise and exceptional service, with all subsidiaries rated A+ by AM Best.
RLI Corp. (NYSE: RLI) reported a strong performance in Q4 2022, with net earnings of $97.8 million ($2.13 per share), a rise from $95.3 million ($2.08 per share) in Q4 2021. Operating earnings also increased to $70.5 million ($1.53 per share) from $55.3 million ($1.21 per share) year-over-year. A 14% increase in gross premiums and a significant 59% rise in net investment income were noted. The company announced a special dividend of $7.00 per share, totaling $318.1 million returned to shareholders. For the year, net earnings were $434.4 million ($9.49 per share) following the sale of Maui Jim. RLI achieved an underwriting income of $178.2 million on an 84.4 combined ratio.
RLI Corp. (NYSE: RLI) will release its fourth quarter 2022 earnings on January 25, 2023, after market close. A conference call to discuss these results is scheduled for January 26, 2023, at 10 a.m. CST. RLI is a specialty insurer recognized for its strong underwriting expertise and superior service across niche property, casualty, and surety markets. The company maintains an A+ rating from AM Best and has a history of increased dividends for 47 consecutive years and underwriting profits for 26 years.