Quarterly ResultApr 28, 2026, 04:18 PM
RLI Q1 Combined Ratio 86, Premiums +3%; AM Best A++ Rating; $300M Debt
AI Summary
RLI Corp. reported Q1 2026 results with an 86 combined ratio, 3% gross premium growth, and a 15% increase in net investment income. Operating earnings were $0.83 per share and net earnings $0.60 per share, tempered by catastrophe activity and a negative return in the equity portfolio. The company successfully raised $300 million in long-term debt and received an upgrade to A++ from AM Best, reflecting its strong financial position and underwriting track record.
Key Highlights
- AM Best upgraded RLI Group of companies to A++ rating.
- Raised $300M in long-term debt with a 5 3/8% coupon and 10-year maturity.
- Q1 2026 combined ratio was 86.
- Gross premiums grew 3%, led by the Casualty segment.
- Operating earnings were $0.83 per share; Net earnings were $0.60 per share.
- Net investment income increased 15%.
- Underwriting income was $58M, benefiting from $35.5M favorable prior year reserve development.
- Casualty gross premium growth +10%; Property -9%; Surety -1%.