From The Motley Fool · Motley Fool Transcribing · · 1m 50s
RLI Q3 2026 Earnings Results
RLI reports 2% premium growth and 86.2% combined ratio despite softening market conditions.
In brief
RLI reports 2% premium growth and 86.2% combined ratio despite softening market conditions. RLI achieved $0.88 GAAP earnings per share with 2% premium growth and 86.2% combined ratio in Q3 2026. Originally reported by The Motley Fool.
Q3 2026 Results
RLI reported net earnings per share of $0.88 on GAAP basis compared to $1.35 last year.
Operating Earnings
Operating earnings per share increased 4.9% to $0.86 with solid underwriting performance.
Gross Premiums
Gross premiums written grew 2% year over year led by Casualty segment.
Investment Income
Net investment income increased 13.1% to $46.7 million from higher fixed income yields.
Combined Ratio
Consolidated combined ratio improved to 86.2% from 85.1% last year with disciplined underwriting.
Loss Ratio
Loss ratio increased 1.3 points to 47.4% due to higher attritional loss activity.
Expense Ratio
Expense ratio improved to 38.8% from 39% last year with better cost management.
Underwriting Income
Underwriting income decreased to $58.8 million with $22.9 million favorable reserve development.
Casualty Segment
Casualty segment grew 4% with 99.6% combined ratio and $8.2 million favorable reserve development.
Property Segment
Property segment maintained 60.1% combined ratio with $50.5 million underwriting income.
Surety Segment
Surety segment improved to 79.8% combined ratio with $4.3 million favorable reserve development.
Marine Premium Growth
Marine premium grew 11% through partnership approach in competitive market.
E&S Property Premium
E&S property premium declined 17% due to additional capacity and retailers reclaiming business.
Personal Umbrella Premium
Personal umbrella premium grew 22% with 8% rate increases and improved risk selection.
Commercial Transportation
Commercial transportation premium declined 9% as company proactively non-renewed accounts.
Operating Cash Flow
Operating cash flow increased 8.6% to $194.7 million supporting portfolio activity.
The main idea
RLI achieved $0.88 GAAP earnings per share with 2% premium growth and 86.2% combined ratio in Q3 2026.
