Every material Form 8-K RLI filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
RLI furnished the transcript of its October 20, 2026 third-quarter earnings call, which discussed results reported the day before. Operating earnings rose, but the combined ratio worsened to 86.2 from 85.1, and GAAP earnings fell as equity securities values changed, so the results point in mixed directions for shareholders.
Operating EPS was $0.86 versus $0.82 a year earlier; GAAP net EPS was $0.88 versus $1.35.
Combined ratio was 86.2 versus 85.1; underwriting income was $58.8 million for the quarter.
Net investment income rose 13% to $46.7 million; comprehensive loss was $36.8 million, or $0.40 per share.
Quarterly dividend of $0.18 per share was paid; about 104,000 shares were repurchased at an average $60.51, with $232 million remaining under the authorization.
RLI Corp. reported third quarter 2026 net earnings of $81.0 million ($0.88 per diluted share), down 35.0% from $124.6 million ($1.35 per share) a year earlier. Operating earnings rose 4.6% to $79.3 million ($0.86 per share), but underwriting income fell to $58.8 million on a combined ratio of 86.2, compared with $60.5 million on 85.1 in the prior-year quarter.
Q3 2026 net earnings $81.0 million ($0.88 per share) vs. $124.6 million ($1.35) in Q3 2025
Q3 2026 operating earnings $79.3 million ($0.86 per share) vs. $75.8 million ($0.82) in Q3 2025
Underwriting income $58.8 million on an 86.2 combined ratio vs. $60.5 million on 85.1; gross premiums written rose 2% and net investment income rose 13%
Repurchased 103,573 shares for $6.3 million in Q3; $231.7 million of repurchase capacity remained as of September 30, 2026
RLI Corp. reported second quarter 2026 net earnings of $168.0 million ($1.82 per diluted share), up from $124.3 million ($1.34) a year earlier, but this figure includes $103.0 million of unrealized gains on equity securities. Operating earnings were $76.9 million ($0.83 per share), roughly flat with $76.2 million ($0.82) in 2025, while underwriting income fell to $59.9 million and the combined ratio worsened to 85.6 from 84.5. For shareholders, the quarter shows higher reported profit alongside weaker core underwriting results.
Net earnings of $168.0 million ($1.82 per diluted share) vs. $124.3 million ($1.34) in Q2 2025, up 35.1%
Operating earnings of $76.9 million ($0.83 per share) vs. $76.2 million ($0.82) in Q2 2025
Underwriting income of $59.9 million on an 85.6 combined ratio vs. $62.2 million on an 84.5 combined ratio in Q2 2025
Special dividend of $2.00 per share paid June 12, 2026, returning $184.0 million; $250.0 million buyback authorized May 14, 2026, with $12.0 million repurchased in the quarter
RLI Corp.'s Board appointed James H. Bradshaw as a director effective July 15, 2026, and named him to the Audit and Finance & Risk Committees. The Board determined he is independent under New York Stock Exchange rules, and he will stand for election at the next annual shareholders' meeting. The filing describes this as a board addition and reports no financial results.
James H. Bradshaw appointed to the Board effective July 15, 2026
Board determined Mr. Bradshaw is independent under NYSE rules
Appointed to the Audit and Finance & Risk Committees; term expires at the May 2027 shareholders' meeting
Bradshaw is Chairman of Gallagher Re North America, a role he assumed in 2024
RLI Corp. disclosed that director Michael Angelina notified the company on June 22, 2026 that he will resign from its Board of Directors effective June 30, 2026. The company said he is leaving to explore joining another insurance company's board and that the resignation was not due to any disagreement with the company.
Michael Angelina notified RLI on June 22, 2026 of his board resignation
Resignation takes effect June 30, 2026
Company says it was not the result of any disagreement over operations, policies, or management
RLI Corp. reported first quarter 2026 net earnings of $54.9 million ($0.60 per diluted share), down from $63.2 million ($0.68) a year earlier, and operating earnings of $76.8 million ($0.83 per share), down from $82.5 million ($0.89). Consolidated revenue rose 4.0%, but underwriting income fell to $57.8 million on an 86.0 combined ratio from $70.5 million on an 82.3 ratio.
Net earnings $54.9 million ($0.60 per share) vs. $63.2 million ($0.68) in Q1 2025, down 13.2%
Operating earnings $76.8 million ($0.83 per share) vs. $82.5 million ($0.89) in Q1 2025
Underwriting income $57.8 million on an 86.0 combined ratio vs. $70.5 million on an 82.3 ratio
Net investment income rose 15% to $42.3 million; gross premiums written rose 3%
RLI Corp. completed a public offering of $300 million in 5.375% senior notes due 2036 on March 3, 2026. The company also amended its credit agreement with PNC Bank, raising the aggregate commitment to $150 million and extending maturity to February 26, 2031, which adds $300 million of long-term debt for shareholders to consider.
$300 million aggregate principal of 5.375% Senior Notes due 2036 completed March 3, 2026
Interest payable June 1 and December 1, beginning June 1, 2026; redeemable before March 1, 2036 at the greater of par or a make-whole price
Amended and restated credit agreement with PNC Bank dated February 26, 2026: commitment raised to $150 million, accordion increased to $50 million, maturity extended to February 26, 2031
Indenture does not restrict additional debt or dividends and requires no financial ratios or minimum net worth or liquidity levels
RLI Corp. reported fourth-quarter 2025 net earnings of $91.2 million ($0.99 per diluted share), up from $40.9 million ($0.44 per share) a year earlier, and full-year net earnings of $403.3 million ($4.37 per share) versus $345.8 million ($3.74) in 2024. Underwriting income rose sharply on a lower combined ratio, although gross premiums written fell 2% in the fourth quarter.
Fourth-quarter 2025 underwriting income was $70.9 million on an 82.6 combined ratio, compared with $22.2 million on a 94.4 combined ratio in the fourth quarter of 2024.
Full-year 2025 operating earnings were $320.8 million ($3.47 per share), up from $269.3 million ($2.91 per share) in 2024.
Gross premiums written declined 2% in the fourth quarter and rose 1% for the full year.
A special dividend of $2.00 per share was paid on December 19, 2025, and year-end book value per share was $19.35, up 33% including dividends from year-end 2024.
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