Description

RLI’s 56.8% Property Combined Ratio Defies A Softer Pricing Market!

RLI Corporation reported its second quarter results reflecting a continuation of disciplined underwriting and capital management in an evolving and competitive property and casualty insurance market. The company delivered an 86 combined ratio for the quarter, a slight increase from 84.5 the prior year, primarily due to a modest rise in the expense ratio, which increased by 1.5 percentage points to 40.1, driven by personnel-related costs, acquisition expenses, and investments in technology. The loss ratio improved marginally by 0.4 percentage points to 45.5, supported by $39.8 million in favorable development on prior years’ loss reserves, and partially offset by $10 million of net incurred catastrophe losses related to 2026 events. Gross premiums written for RLI Corporation increased 3% overall, with notable growth in Casualty at 11%, driven by Personal Umbrella and Transportation segments. Casualty underwriting profit had a near-break-even combined ratio of 99.