RLI Corp. Q2 2026 Earnings Release

RLI Corp. reported strong financial results for the second quarter of 2026. Net earnings increased by 35.1% to $168.0 million, or $1.82 per share, compared to $124.3 million, or $1.34 per share, in the second quarter of 2025. Operating earnings were $76.9 million, or $0.83 per share, a slight increase from $76.2 million, or $0.82 per share, in the prior year period. The company achieved an underwriting income of $59.9 million with a combined ratio of 85.6%. Key highlights include a 17% increase in net investment income, a 3% increase in gross premiums written, and favorable development in prior years' loss reserves contributing $35.1 million to underwriting income. RLI Corp. also announced a $250.0 million share repurchase program and paid a special dividend of $2.00 per share, returning a total of $184.0 million to shareholders. Book value per share increased by 11% to $19.09 since year-end 2025. The company was also recognized as a top-performing P&C company by Ward Benchmarking for the 36th consecutive year.