RLI Corp. (RLI) Earnings
RLI Corp. is expected to report next earnings on July 20, 2026 (in NaN days), with a consensus EPS estimate of $0.70. RLI has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +12.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.85 | $0.83 | -2.4% | $504M | +2.9% |
| Jan 21, 2026 | $0.76 | $0.94 | +23.7% | $466M | +4.6% |
| Oct 20, 2025 | $0.71 | $0.83 | +16.6% | $509M | -1.2% |
| Jul 21, 2025 | $0.75 | $0.84 | +12.0% | $500M | +12.2% |
| Apr 23, 2025 | $0.88 | $0.92 | +4.5% | $408M | -7.8% |
| Jan 22, 2025 | $1.05 | $0.41 | -61.0% | $439M | -1.2% |
| Oct 21, 2024 | $0.96 | $0.66 | -31.2% | $470M | -4.4% |
| Jul 22, 2024 | $1.41 | $0.86 | -39.0% | $423M | -24.7% |
| Jan 24, 2024 | $0.72 | $0.77 | +6.9% | $434M | +12.5% |
| Jul 24, 2023 | $0.60 | $0.58 | -3.3% | $382M | +2.5% |
| Apr 19, 2023 | $0.61 | $0.82 | +34.4% | $365M | +7.3% |
| Jan 25, 2023 | $0.54 | $0.77 | +42.6% | $361M | -4.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Started 2026 well, feeling good about position. • Insurance marketplace dynamic, more competition in some areas from broker-owned facilities and MGAs. • Seeing rate acceleration and market disruption in wheels-based products. • Encouraged by AI as a tool, helping put better data in hands of decision makers. • Core values of community, customer focus, continuous improvement guiding efforts. • Casualty segment growth with contributions from personal umbrella and commercial transportation. • Property premium decline due to rate decreases in ENF property but offset by marine and Hawaii homeowners. • Surety segment impacted by variable results and one large prior period loss. • Marine had largest premium quarter since inception, Hawaii homeowners saw premium ad rate growth.
Guidance
• Encouraged by start to 2026 and position, believe well positioned to continue delivering consistent, profitable results. • No specific upward/downward revision mentioned, but focus on underwriting discipline, risk understanding, appropriate pricing, seizing opportunities, and stepping back if conditions don't support risk-adjusted returns.
Segment performance
Casualty: growth totaled 10% for the quarter, 97 combined ratio, outperforming 2025 by two points, inclusive of higher levels of favorable prior year development at 14.5 million. Property: 9% decline in gross premium, 62 combined ratio, $20.6 million of favorable prior year's reserve development on shorter tailed lines. Marine: largest premium quarter since inception, almost $47 million of premium, increase of 4% from Q1 2025. Hawaii homeowners: premium ad rates each grew 12% in the quarter. Surety: top line growth premium was down about 1% from last year, 94 combined ratio, influenced by one large contract surety loss from prior period claims.
Risks & headwinds
• Insurance marketplace competition in some areas with broker-owned facilities and MGAs not always aligned with long-term underwriting profitability. • Regulatory uncertainty with emergence and rapid adoption of artificial intelligence. • Catastrophe activity impacting results. • Variable surety loss activity with potential significant influence over shorter periods. • Property market still competitive with rate decreases continuing. • Admitted market competition affecting business in some lines.
Analyst Q&A
Q: How to classify GL book competitive environment this quarter vs recent previous quarters?
A: Varies by region, construction industry paused in Northeast due to political environment and weather, West Coast has healthy spring with focus on project policies.
Q: Early impacts of state diversification in personal umbrella book, especially rate hike in California?
A: Rate hike effective Dec 1st, still seeing some growth in California but at smaller pace, changes like increased attachments and reduced commissions.
Q: Transportation claim count down, any cause for delay in claim reporting?
A: Likely due to reduced policy count and investment in loss control activities.
Q: Property business near-term trajectory?
A: Competition remains active, rate decreases continue, individually underwriting accounts, protecting renewals.
Q: Surety reserve development driver?
A: Variable results around small number of losses, one particular loss on contract side in prior years.
Q: Casualty ex-CAT, ex-PYD loss ratio?
A: Business mix more than anything else.
Q: Balancing exposure unit growth in transportation with severity concerns?
A: Risk selection, transportation team focused on risk selection and finding accounts with good risk management.
Q: Large surety loss development?
A: Retention around surety today is five million dollars, reinsurance picking up additional losses, further development somewhat contained.
Q: Property premium decline and underwriting expenses?
A: Looking for opportunities, ens property underwriters meeting with producers, Marine and Hawaii Homeowners growing to round out property exposure.
Q: Private credit concerns and MGA space?
A: Some MGAs with private capital coming to end of fund life, influencing MGA space.
Q: Increased admitted competition in other lines?
A: Seeing a little on casualty side, not to extent of property, but some standard markets covering auto as well for contractors.