RLI Q2 net earnings rose to $124.3 million, but operating earnings fell to $78.1 million
RLI Corp. reported second quarter 2025 GAAP net earnings of $124.3 million ($1.34 per share), up from $82.0 million ($0.89 per share) a year earlier. Operating earnings fell slightly to $78.1 million ($0.84 per share) from $79.3 million ($0.86 per share), and underwriting income declined to $62.2 million on an 84.5 combined ratio, versus $70.0 million on an 81.5 combined ratio in 2024.
Key points
- Q2 2025 net earnings $124.3 million ($1.34 per share) vs. $82.0 million ($0.89) in Q2 2024
- Q2 2025 operating earnings $78.1 million ($0.84 per share) vs. $79.3 million ($0.86) in Q2 2024
- Underwriting income $62.2 million on an 84.5 combined ratio, vs. $70.0 million on an 81.5 combined ratio in Q2 2024
- Net investment income rose 16% to $39.4 million; book value per share was $18.89 at June 30, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 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 July 21, 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.