Description

RLI Insurance’s Bold Rate Strategy Signals A Major Shift In Underwriting Discipline!

RLI Corporation reported a solid financial performance for the full year 2025, highlighting a 30th consecutive year of underwriting profitability. The company delivered underwriting income of $264 million on an 83.6 combined ratio, alongside a 33% growth in book value per share including dividends. Fourth quarter operating earnings increased to $0.94 per share from $0.52 in the prior year, supported by improved underwriting results, limited storm activity, and higher investment income. On a GAAP basis, net earnings rose 17% to $4.37 per share for the year. Premium growth was modest, reflecting a cautious approach due to competitive market dynamics. Full-year premiums grew 1%, with a decline of 2% in the fourth quarter. The property segment faced notable challenges, with an 11% drop in premium driven by competitive pressures in catastrophe-exposed commercial property and the excess and surplus (E&S) market.