Overview

* RLI Q2 net earnings rise to $124.3 mln, up from $82 mln in 2024

* Adjusted EPS of $0.84 beats analyst expectations, per LSEG data

* Property and casualty insurer's Q2 net investment income increased 16%

Outlook

* RLI sees continued book value growth driven by underwriting discipline

Result Drivers

* UNDERWRITING DISCIPLINE - RLI achieved $62.2 mln in underwriting income with an 84.5 combined ratio, reflecting favorable development in prior years' loss reserves

* INVESTMENT INCOME - Net investment income rose 16%, driven by favorable interest rates

* FLAT PREMIUMS - Gross premiums written were flat

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $0.84 $0.78 (8

Adjusted Analysts

EPS )

Q2 Net $124.34

Earnings mln

Q2 $78.12

Operatin mln

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for RLI Corp ( RLI ) is $76.00, about 7.6% above its July 18 closing price of $70.25

* The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)