RLI
RLI Corp.
Price as of Jul 20, 2026
RLI earnings
RLI Corp. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| 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% |
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.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-23.