RLI Corp. has reported an underwriting income of $70.5 million for Q1 2025, on an 82.3% combined ratio, compared to $77.7 million on a 78.5% combined ratio in Q1 2024.
In Q1 2025, the Property segment contributed $56.9 million to underwriting income, followed by $11.5 million from the Surety segment and $2.1 million from the Casualty segment. The firm’s Q1 2025 underwriting result also included $27.4 million in favourable development from prior years’ loss reserves, down from $37.4 million in 2024.
Meanwhile, net incurred losses related to 2025 catastrophe events stood at $12 million.
RLI’s gross premiums written in Q1 2025 stood at $491,106 million, up 5% from Q1 2024, driven by continued momentum in the firm’s casualty segment.
Net investment income for Q1 2025 also increased 12% to $36.7 million, compared to the same period in 2024.
RLI Corp. President & CEO Craig Kliethermes commented, “Strong margins in our property and surety segments contributed to an overall combined ratio of 82.3. Coupled with positive investment returns, this led to a 6% increase in book value since year-end 2024.
“Our performance highlights the strength and resilience of our diversified, niche specialty portfolio. I am proud of our team’s dedication to our customers and their focus on delivering results for our shareholders.”
The post RLI posts Q1’25 underwriting income of $70.5m, CoR increases to 82.3% appeared first on ReinsuranceNe.ws.
