RLI (RLI) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a welcome and a reminder about forward-looking statements and associated risks.

• Voting was declared open, and the agenda included formal business, executive remarks, and a Q&A session.

Financial performance review

• Achieved 30 consecutive years of underwriting profitability, with 2025 operating earnings of $320.8 million ($3.47 per share).

• Reported a combined ratio of 83.6 and wrote over $2 billion in gross premium, led by the casualty segment.

• Investment income rose 12% in 2025; shareholders' equity reached $1.8 billion at year-end.

• In Q1 2026, operating earnings were $76.8 million ($0.83 per share), with an 86% combined ratio and 3% premium growth.

• Net investment income increased 15% in Q1 2026; book value per share up 2% from year-end 2025.

Board and executive committee updates

• All board members were introduced and present; Deloitte confirmed as external auditor for 2025.