RLI Q1 net earnings fell 51% to $63.2 million on equity securities losses
RLI Corp. reported first quarter 2025 net earnings of $63.2 million, or $0.68 per diluted share, down 50.6% from $127.9 million a year earlier. Operating earnings, which exclude realized and unrealized investment gains and losses, fell 2.9% to $84.9 million, and underwriting income declined to $70.5 million, even as gross premiums written rose 5%.
Key points
- Net earnings of $63.2 million ($0.68 per diluted share) vs. $127.9 million ($1.39) in Q1 2024, including $42.3 million of net unrealized losses on equity securities
- Operating earnings of $84.9 million ($0.92 per share) vs. $87.4 million ($0.95), down 2.9%
- Underwriting income of $70.5 million on an 82.3 combined ratio vs. $77.7 million on 78.5 a year earlier
- Consolidated revenue fell 8.4% to $407.7 million; gross premiums written rose 5% to $491.1 million
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 April 23, 2025.
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.