Andrew Andersen

Meyer Shields

Michael Phillips

Bill Carcache

C. Gregory Peters

Gregory Peters

Matt Carletti

Casey Alexander

Jamie Inglis

Mark Hughes

Scott Heleniak

Heather Takahashi

James Inglis

Maya Leibman

- RLI reported **Q3 2025 operating earnings of $0.83 per share** and a total **combined ratio of 85.1%**, which is an improvement from 89.6% in Q3 2024.  **[0000084246_2193631_2]** 
- The company achieved **26% year-to-date book value per share growth**, inclusive of dividends, and a **20%+ return on equity**, supported by a **12% increase in investment income**.  **[0000084246_2193631_1]** **[0000084246_2193631_2]** 
- Overall top-line gross premiums remained **relatively flat** compared to the prior year, largely due to a **softening commercial property catastrophe market**.  **[0000084246_2193631_1]** **[0000084246_2193631_2]** 
- The Property segment experienced an **11% decline in gross premiums** but posted a strong **60 combined ratio**, benefiting from the absence of hurricane losses.  **[0000084246_2193631_2]** 
- The Casualty segment's gross premiums advanced **8%** with a **98 combined ratio**, while the Surety segment's gross premium was down **3%** with an **85 combined ratio**.  **[0000084246_2193631_2]**

RLI Reports Q3 2025 Operating Earnings and Combined Ratio

- RLI reported **Q3 2025 operating earnings of $0.83 per share** and **GAAP net earnings of $1.35 per share**, supported by a **total combined ratio of 85.1%** and a **12% increase in investment income**.  **[0000084246_2193662_1]** **[0000084246_2193662_2]** 
- **Book value per share grew 26% year-to-date**, inclusive of dividends, contributing to a **20% plus return on equity**.  **[0000084246_2193662_1]** **[0000084246_2193662_2]** 
- Overall gross premiums were **relatively flat** compared to the prior year, largely due to an **11% decline in the Property segment** influenced by changing conditions and softening in the commercial property catastrophe market.  **[0000084246_2193662_1]** **[0000084246_2193662_2]** 
- The Casualty segment saw an **8% advance in gross premiums**, driven by a **24% increase in first umbrella premium** and a **12% increase in E&S casualty brokerage premium**, while the Surety segment experienced a **3% decline**.  **[0000084246_2193662_2]** **[0000084246_2193662_4]**

RLI Reports Strong Q3 2025 Earnings with 26% Book Value Growth

- RLI Corporation reported strong **third-quarter 2025** financial results, with **revenue rising approximately $509 million**, an **8.4% increase year-over-year**, and **non-GAAP earnings per share of $0.83**.  **[84246_be4486f1059d478e874ab1b3d73211f2]** 
- The company achieved a favorable **combined ratio of about 85** and saw **net premiums earned increase 4.7% year-over-year to $407.7 million**.  **[84246_be4486f1059d478e874ab1b3d73211f2]** 
- **Underwriting income rose significantly to $60.5 million** in Q3 2025, with the Property segment leading with **$50.4 million** and a combined ratio of **60.2**.  **[84246_be4486f1059d478e874ab1b3d73211f2]** 
- Despite these positive results, analysts maintained a consensus **'hold' rating**, and management refrained from providing full-year guidance.  **[84246_be4486f1059d478e874ab1b3d73211f2]**

RLI Corporation Reports Strong Q3 2025 Financial Results

- RLI reported **net earnings of $124.6 million ($1.35 per share)** and **operating earnings of $77.0 million ($0.83 per share)** for the third quarter of 2025, compared to $95.0 million ($1.03 per share) and $60.4 million ($0.65 per share) respectively, for the same period in 2024.  **[84246_635be91cd53d415e9120bf017644c7f2_0]** 
- The company achieved **underwriting income of $60.5 million** on a **combined ratio of 85.1%** in the third quarter of 2025, an improvement from $40.7 million on an 89.6% combined ratio in 2024.  **[84246_635be91cd53d415e9120bf017644c7f2_0]** 
- **Net investment income increased 12% to $41.3 million** for the third quarter of 2025 compared to the same period in 2024.  **[84246_635be91cd53d415e9120bf017644c7f2_0]** 
- **Book value per share increased to $20.41**, representing a **26% increase** (inclusive of dividends) from year-end 2024.  **[84246_635be91cd53d415e9120bf017644c7f2_0]** 
- A regular quarterly dividend of **$0.16 per share** was paid on September 19, 2025.  **[84246_635be91cd53d415e9120bf017644c7f2_1]**

RLI Reports Third Quarter 2025 Results

- RLI Corp. reported **net earnings of $124.6 million** ($1.35 per share) and **operating earnings of $77.0 million** ($0.83 per share) for the third quarter of 2025, an increase from $95.0 million ($1.03 per share) and $60.4 million ($0.65 per share) respectively, for the same period in 2024.  **[84246_0001104659-25-100820_rli-20251020xex99d1.htm:0]** 
- The company achieved **underwriting income of $60.5 million** on a **combined ratio of 85.1** in the third quarter of 2025, which included a **$13.7 million net increase** from favorable development in prior years' loss reserves.  **[84246_0001104659-25-100820_rli-20251020xex99d1.htm:0]** 
- For Q3 2025, **gross premiums written were flat**, while **net investment income increased 12%** compared to the same period in 2024.  **[84246_0001104659-25-100820_rli-20251020xex99d1.htm:0]** 
- **Book value per share was $20.41**, representing a **26% increase** from year-end 2024 (inclusive of dividends), and a regular quarterly dividend of **$0.16 per share** was paid on September 19, 2025.  **[84246_0001104659-25-100820_rli-20251020xex99d1.htm:0]** **[84246_0001104659-25-100820_rli-20251020xex99d1.htm:1]**

RLI (RLI)