# RLI Q3 2026 Earnings Results

> RLI reports 2% premium growth and 86.2% combined ratio despite softening market conditions.
- Title: RLI Q3 2026 Earnings Results · The Motley Fool | Shortify
- Summary: 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…
- Keywords: rli, q3 2026, earnings call, insurance, premium growth, combined ratio, underwriting, finance, money, 2026, Earnings, Results
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/20/rli-rli-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-20T18:38:18+00:00
- Read time: 1 min
- Topics: rli, q3 2026, earnings call, insurance, premium growth, combined ratio, underwriting, finance, money
## 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.
## Key takeaway

RLI achieved $0.88 GAAP earnings per share with 2% premium growth and 86.2% combined ratio in Q3 2026.