RLI Corp. Q3 2024 Earnings – Net Earnings $67.1M, Gross Premiums Up 10.6%

By Tamara Parker • Saturday, October 26 15:15 • Permanent Link

RLI Corp. reported its third quarter 2024 financial results today. The company's net earnings for the quarter were $67.1 million, or $1.49 per share, compared to $64.5 million, or $1.44 per share, for the same period last year. The operating earnings were $64.8 million, or $1.44 per share, compared to $61.5 million, or $1.37 per share, for the third quarter of 2023.

RLI Corp.'s gross premiums written for the quarter were $525.2 million, an increase of 10.6% from the third quarter of 2023. The combined ratio was 85.8% for the quarter, compared to 87.3% for the same period last year.

The investment portfolio's total return for the quarter was 1.7%, bringing the year-to-date total return to 4.8%. The annualized total return on equity was 12.9% for the quarter, compared to 13.2% for the third quarter of 2023.

The market has reacted to these announcements by moving the company's shares -2.5% to a price of $155.3. For the full picture, make sure to review RLI's 8-K report.

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