RLI Q4 net earnings fall 64% to $40.9 million; full-year net earnings rise 13.5%
RLI Corp. reported fourth-quarter 2024 net earnings of $40.9 million ($0.44 per share), down from $114.6 million ($1.24 per share) a year earlier, as losses from Hurricane Milton and a higher combined ratio of 94.4 reduced underwriting income. For the full year, net earnings rose 13.5% to $345.8 million ($3.74 per share), with underwriting income of $210.7 million on an 86.2 combined ratio, and the company returned $236 million to shareholders through special and regular dividends.
Key points
- Q4 2024 underwriting income was $22.2 million on a 94.4 combined ratio, versus $59.8 million on an 82.7 ratio in Q4 2023.
- Q4 2024 operating earnings per share were $0.41, compared with $0.77 in Q4 2023.
- Full-year 2024 operating earnings per share were $2.87, compared with $2.47 in 2023.
- A two-for-one stock split took effect January 15, 2025, and a special dividend of $2.00 per share was paid December 20, 2024.
The filing
Written by AI on Nov 8, 2026, 12:59 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 January 22, 2025.
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.