NYSE$RLI
Rli Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
RLI Corp. reported an increase in net earnings and operating earnings for Q3 2024, driven by underwriting income and investment income.
RLI Corp. reported a significant increase in net earnings to $95.0 million ($2.06 per share) for Q3 2024, compared to $13.5 million ($0.29 per share) for the same period in 2023. Operating earnings also rose to $60.4 million ($1.31 per share) from $28.3 million ($0.61 per share) year-over-year. The company's performance was supported by underwriting income of $40.7 million and a combined ratio of 89.6, despite losses from Hurricanes Beryl and Helene.
- Underwriting income was $40.7 million with a combined ratio of 89.6.
- Gross premiums written increased by 13%.
- Net investment income increased by 15%.
- Favorable development in prior years’ loss reserves resulted in a $18.1 million net increase in underwriting income.
Headline financials
Revenue & EPS history
Rli · Revenue · Quarterly
$470M
Revenue by segment
Rli · $322M total across 3 segments · Q2 2023
- Casualty$187M—58.0%
- Property$102M—31.6%
- Surety$33.4M—10.4%
Forward guidance
RLI's primary focus remains on assisting customers affected by recent hurricanes, with quick deployment of claim experts to assess damage and help with recovery. The company aims to continue finding opportunities for balanced top-line growth across its portfolio, leveraging its diversified business model, sound risk selection, and disciplined underwriting.
Tailwinds
- Diversified business model
- Sound risk selection
- Disciplined underwriting
- Commitment to financial strength
- Stable partner for customers
Headwinds
- Losses from Hurricanes Beryl and Helene
- Potential risk factors listed in the company's filings
- Market conditions
- Unpredictable catastrophic events
- Competition in the insurance industry
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 Q3 2024
+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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