RLI CORP reported second-quarter 2026 results with revenue of $575.6M and diluted EPS of $1.82, compared with $499.8M and $1.34 in the year-ago quarter, as net income rose to $168M from $124.3M a year earlier.
Financial Highlights
- Revenue was $575.6M for Q2 2026, up from $499.8M in the year-ago quarter; YoY change 15.2%.
- Net income was $168.0M for Q2 2026, versus $124.3M in the year-ago quarter; YoY change 35.1%.
- Diluted EPS was $1.82 for Q2 2026, up from $1.34 in the year-ago quarter; YoY change 35.8%.
Business Highlights
- Net premiums earned rose about 4% year-over-year, driven by growth in the casualty segment and favorable rate movement.
- Channel and product mix shifted toward casualty business, with commercial transportation and personal umbrella lines expanding.
- RLI continued its niche underwriting focus and marked its 30th consecutive year of underwriting profitability, emphasizing disciplined underwriting.
- Operational investments, including increased workforce and acquisition spending, raised expense ratios to support growth and service capabilities.
- Favorable prior-year reserve development of $75M year-to-date materially improved underwriting results despite recurring catastrophe losses.
Original SEC Filing:
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