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Specialty insurer RLI Corp. has reported gross premiums written (GPW) of $579.7 million for the second quarter of 2026, up 3% from $562.3 million in the same period a year earlier.
RLI said the increase in GPW was driven by its Casualty segment, which generated $339 million in premiums. Property generated $199.3 million, while Surety generated $41.4 million.
For the quarter, net premiums written stood at $484.7 million, up 6% from $457.1 million a year prior, while net premiums earned were $417.1 million, up 3.8% from $401.9 million.
In Q2’26, net earnings totalled $168 million, marking a 35.1% increase from $124.3 million in Q2’25. Operating earnings reached $76.9 million ($0.83 per share), compared with $76.2 million.
RLI posted an underwriting income of $59.9 million, down from $62.2 million, with a higher combined ratio of 85.6% compared to 84.5%.
Results for both years included favourable development in prior years’ loss reserves, which increased underwriting income by $35.1 million in 2026 and $24.4 million in 2025.
Net investment income rose 16.8% to $46 million from $39.4 million.
The investment portfolio’s total return was 3.4% for the quarter and 3.0% for the six months ended June 30, 2026.
“We are pleased to report another quarter of premium growth and profitability,” said RLI Corp. President & CEO Craig Kliethermes. “Gross premiums written increased 3%, driven by our casualty segment, while strong margins in our property and surety segments contributed to an 86 combined ratio. Net investment income increased 17%, complementing our underwriting results and contributing to an 11% increase in book value per share since year-end 2025, including dividends returned to shareholders. These results reflect our disciplined execution and continued focus on delivering specialized expertise and exceptional service to our customers.”
The post RLI’s gross premiums written rise 3% to $579.7m in Q2’26 appeared first on ReinsuranceNe.ws.
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📰 This article is sourced from a trusted insurance industry publication. Farmer Stockman Insurance shares this for informational purposes only. Always consult a licensed advisor for personalized guidance.
