NYSE$RLI
Rli Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
RLI Corp. reported first quarter 2022 results.
RLI Corp. reported a strong first quarter in 2022, with a 22% increase in gross premiums written and a combined ratio of 77.9. Operating earnings were $1.43 per share, driven by solid contributions from all three product segments and favorable market conditions. However, negative portfolio returns led to a 5% decline in book value, inclusive of dividends.
- Underwriting income of $59.5 million on a combined ratio of 77.9.
- 22% increase in gross premiums written.
- 9% increase in net investment income.
- Favorable development in prior years’ loss reserves, resulting in a $39.6 million net increase in underwriting income.
Headline financials
Revenue & EPS history
Rli · Revenue · Quarterly
$265M
Revenue by segment
Rli · $269M total across 3 segments · Q1 2022
- Casualty$172M—63.8%
- Property$67.4M—25.1%
- Surety$30M—11.1%
Forward guidance
RLI Corp. announced that it has agreed to sell its minority interest in Maui Jim, Inc. RLI’s net after-tax purchase price proceeds from the sale will be approximately $500 million, with the final proceeds to be determined at closing, based on adjustments to the purchase price for working capital and other items.
Tailwinds
- Successful completion of the sale will result in capital generated to RLI’s benefit.
- Adequate capital to support our business.
- Demonstrated discipline in returning capital to shareholders if it exceeds our near-term needs.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.6%
Avg return
30 days after
48%
33 / 69 earnings
Positive
+14.2%
Q2 2020
Best reaction
-13.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.1% | -8.7% | -8.1% | |
| Q4 2025 | -3.0% | -2.9% | +3.1% | |
| Q3 2025 | +2.6% | +2.8% | +7.4% | |
| Q2 2025 | -1.0% | +0.7% | -0.8% | |
| Q1 2025 | -3.7% | -5.1% | -4.1% | |
| Q4 2024 | -8.1% | -6.6% | -4.5% | |
| Q3 2024 | -2.4% | -4.7% | +8.0% | |
| Q2 2024 | +3.1% | +5.4% | +7.4% | |
| Q1 2024 | +4.0% | +2.8% | +5.3% | |
| Q4 2023 | -4.6% | -5.0% | +0.4% | |
| Q3 2023 | +3.2% | -1.7% | +3.7% | |
| Q2 2023 | -2.0% | -1.8% | -5.3% | |
| Q1 2023 | +11.6% | +9.5% | -2.4% | |
| Q4 2022 | -1.7% | -2.1% | -0.9% | |
| Q3 2022 | -0.5% | +8.1% | +15.5% | |
| Q2 2022 | +1.6% | -0.6% | +4.4% | |
| Q1 2022 | +7.2% | +4.0% | +5.7% | |
| Q4 2021 | -0.2% | +1.6% | -1.1% | |
| Q3 2021 | +2.2% | +4.1% | +5.6% | |
| Q2 2021 | -2.6% | +0.0% | +3.3% | |
| Q1 2021 | -0.8% | -0.5% | -6.4% | |
| Q4 2020 | -3.3% | -4.5% | +2.0% | |
| Q3 2020 | +11.0% | +8.4% | +22.0% | |
| Q2 2020 | +14.2% | +8.6% | +11.3% | |
| Q1 2020 | -13.6% | -16.5% | -6.6% | |
| Q4 2019 | -1.1% | +1.2% | -2.5% | |
| Q3 2019 | +5.7% | +8.3% | +7.2% | |
| Q2 2019 | +2.7% | +0.5% | +4.9% | |
| Q1 2019 | +6.4% | +6.9% | +14.4% | |
| Q4 2018 | -3.3% | -4.1% | +4.7% | |
| Q3 2018 | -3.4% | -4.8% | +1.2% | |
| Q2 2018 | +2.2% | +6.3% | +12.9% | |
| Q1 2018 | +0.2% | -0.4% | +4.9% | |
| Q4 2017 | +4.8% | +6.5% | +1.1% | |
| Q3 2017 | +3.5% | +0.3% | +2.5% | |
| Q2 2017 | +5.1% | +5.5% | -0.1% | |
| Q1 2017 | -9.1% | -3.9% | -7.0% | |
| Q4 2016 | +2.3% | -0.2% | -1.3% | |
| Q3 2016 | -12.0% | -14.9% | -7.4% | |
| Q2 2016 | +0.7% | +0.6% | +1.5% | |
| Q1 2016 | -4.8% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | +6.5% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | -2.1% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +4.0% | — | — | |
| Q2 2013 | +1.8% | — | — | |
| Q1 2013 | -3.4% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | +3.7% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | -4.8% | — | — | |
| Q2 2011 | -5.6% | — | — | |
| Q1 2010 | +0.5% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2008 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q3 2009 | -0.2% | — | — | |
| Q2 2010 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — | |
| Q2 2009 | -2.7% | — | — |
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