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AI brief of an SEC Form 8-K · RLI (RLI)

RLI Corp. Q1 2024 net earnings rise 29% to $127.9 million, or $2.77 per share

Positive Impact 3 of 5 earnings Written later

RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per diluted share), up from $98.8 million ($2.15 per share) a year earlier. Operating earnings rose 16.5% to $87.4 million ($1.89 per share), and underwriting income increased to $77.7 million, though the combined ratio worsened slightly to 78.5 from 77.9. The results were released in an 8-K furnishing Exhibit 99.1 and do not include changes to guidance.

Key points

  • Net earnings of $127.9 million, or $2.77 per diluted share, versus $98.8 million, or $2.15 per share, in Q1 2023
  • Operating earnings of $87.4 million, or $1.89 per share, versus $75.0 million, or $1.63 per share, in Q1 2023
  • Underwriting income of $77.7 million on a 78.5 combined ratio, versus $67.9 million on a 77.9 combined ratio in Q1 2023
  • Gross premiums written rose 13%; book value per share was $33.27

The filing

CompanyRLI (RLI)
Form8-K, current report
Filed with the SECApr 22, 2024, 4:19 PM ET
Accession number0001558370-24-005415

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.