RLI Corp. Q3 net earnings rise to $95.0 million, or $2.06 per share, from $0.29
RLI Corp. reported third quarter 2024 net earnings of $95.0 million ($2.06 per diluted share), up from $13.5 million ($0.29) a year earlier. Operating earnings rose to $60.4 million ($1.31 per share) from $28.3 million ($0.61), and underwriting income reached $40.7 million on a combined ratio of 89.6, compared with $4.2 million on 98.7 in the prior-year quarter. The results include net losses of $32.7 million from Hurricanes Beryl and Helene, but the filing shows substantially higher profit for shareholders.
Key points
- Net earnings were $95.0 million ($2.06 per share) versus $13.5 million ($0.29 per share) in Q3 2023.
- Operating earnings were $60.4 million ($1.31 per share) versus $28.3 million ($0.61 per share) in Q3 2023.
- Underwriting income was $40.7 million on a combined ratio of 89.6, compared with $4.2 million on 98.7 a year earlier.
- Hurricanes Beryl and Helene reduced underwriting income by $32.7 million net in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 October 21, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.