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RLI
RLI (RLI) investor relations material
RLI Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Achieved 30th consecutive year of underwriting profitability, with $264M underwriting income and an 84 combined ratio for 2025.
Book value per share grew 33% including dividends, reaching $19.35; comprehensive earnings totaled $5.29 per share.
Net earnings for 2025 were $403.3M ($4.37/share), up from $345.8M ($3.74/share) in 2024.
Maintained disciplined growth amid competitive markets, focusing on long-term profitability over rapid expansion.
Strong balance sheet and diversified specialty portfolio provide flexibility and confidence for future opportunities.
Financial highlights
Q4 operating earnings were $0.94 per share, up from $0.52 year-over-year; net earnings for Q4 were $0.99 per share.
Full-year net earnings reached $4.37 per share, a 17% increase over 2024.
Q4 underwriting income was $71M on an 82.6 combined ratio, compared to $22M and 94.4 last year.
Net investment income rose 9% in Q4 and 12% for the year; portfolio total return was 1.5% for Q4 and 9% for the year.
Special dividend of $2 per share paid, in addition to regular dividend.
Outlook and guidance
Optimistic about 2026, with capital discipline and operational investments positioning the company for continued success.
Expect to continue seeking double-digit rate increases in auto/transportation until loss cost trends subside.
Ongoing focus on operational efficiencies, data infrastructure, and customer experience to support future growth.
Management highlighted continued underwriting discipline and profitability in a competitive market, with a focus on modest premium growth and strong returns to shareholders.
Rationale for operating earnings definition change
How does RLI balance premium growth with profitability?
Net impact of reserve development and cat losses
Property market: MGA vs traditional carrier impact?
Casualty auto: Are loss trends stabilizing?
Tech investments: How do they improve decisions?
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Next RLI earnings date
Q1 202623 Apr, 2026
RLI
Next RLI earnings date
Q1 202623 Apr, 2026
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Frequently asked questions
RLI Corp is an insurance holding company that provides property and casualty insurance products through its subsidiaries. The company underwrites specialty insurance lines including commercial, personal, surety, and professional liability coverage. It operates nationwide and distributes its products through independent agents and brokers. RLI Corp is headquartered in Peoria, Illinois, and its shares are listed on the NYSE.
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