RLI Corp. Reports Earnings Amidst Hurricane Challenges

RLI Corp ( (RLI) ) has released its Q4 earnings. Here is a breakdown of the information RLI Corp presented to its investors.

RLI Corp. is a specialty insurer focusing on niche property, casualty, and surety markets, providing superior service through its insurance subsidiaries. The company’s latest earnings report reveals a significant drop in net earnings for the fourth quarter of 2024, amounting to $40.9 million compared to $114.6 million for the same period in 2023. The company executed a two-for-one stock split earlier in January 2025. RLI reported a 9% increase in gross premiums written and a 19% rise in net investment income for the quarter, despite losses from Hurricane Milton, which led to a $42.4 million net decrease in underwriting income. The company returned $183.5 million to shareholders through a special dividend of $2.00 per share. For the full year, RLI achieved $210.7 million in underwriting income on a combined ratio of 86.2, with a notable 11% growth in gross premiums written and an 18% increase in net investment income. The favorable development of prior years’ loss reserves contributed to an $84.1 million net increase in underwriting income, although this was partially offset by losses from various hurricanes. The company’s book value per share increased by 24% from the previous year. Looking ahead, RLI’s management remains committed to maintaining its underwriting profitability and disciplined capital management despite facing challenges such as active hurricane seasons and competitive pressures.