Specialty insurer RLI Corp. reported gross written premiums (GPW) of $579.7 million in the second quarter of 2026, up 3% from $562.3 million in the same period last year.
RLI said the growth in total premiums was driven by its casualty division, which generated $339 million in premiums. Properties generated $199.3 million, while guarantees generated $41.4 million.
For the quarter, net written premiums were US$484.7 million, an increase of 6% from US$457.1 million in the same period last year, while net premiums earned were US$417.1 million, an increase of 3.8% from US$401.9 million in the same period last year.
In the second quarter of ’26, net profit totaled US$168 million, an increase of 35.1% from US$124.3 million in the second quarter of ’25. Operating profit reached $76.9 million ($0.83 per share), compared with $76.2 million in the same period last year.
RLI posted underwriting revenue of $59.9 million, down from $62.2 million, and a combined ratio of 85.6%, up from 84.5%.
The results for both years included good development in loss reserves from previous years, which increased underwriting income by $35.1 million in 2026 and $24.4 million in 2025.
Net investment income increased 16.8% to $46 million from $39.4 million.
The 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 Craig Kliethermes, president and chief executive officer of RLI Corp. “Gross premiums increased 3%, driven by our casualty business, while strong margins in our property and surety businesses drove a combined ratio of 86. Net investment income increased 17%, complementing our underwriting performance and driving growth from 2025 Book value per share increased 11% year-to-date, including dividends returned to shareholders. These results reflect our disciplined execution and continued commitment to providing expertise and excellence in service to our clients.”
