The EPS miss and declining underwriting income signal weakening core profitability; monitor management's commentary on rate adequacy and loss ratio trends during the upcoming conference call for forward guidance cues.
Price Chart
Executive Summary
RLI Corp. reported Q1 2026 net earnings of $54.9M ($0.60/share), missing consensus of $0.78, driven by a 13.2% YoY decline in net earnings and a 14.4% drop in pre-tax income. Operating earnings were $76.8M ($0.83/share), down from $82.5M YoY, with underwriting income falling to $57.8M on an 86.0 combined ratio.
Key Financial Metrics
Key Facts
- Net earnings: $54.9M ($0.60/share) vs. $63.2M ($0.68/share) in Q1 2025
- Operating earnings: $76.8M ($0.83/share) vs. $82.5M ($0.89/share) in Q1 2025
- Consensus EPS: $0.78 | Reported EPS: $0.60 | Surprise: -23.1%
- Underwriting income: $57.8M (86.0 combined ratio) vs. $70.5M (82.3) in Q1 2025
- Book value per share: $19.54, up 2% from year-end 2025
Financial Impact
EPS miss of $0.18, net earnings down 13.2% YoY, underwriting income down 18% YoY
Risk Factors
- Declining underwriting income and widening combined ratio pressure margins
- Exposure to rising interest rates impacting investment portfolio returns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-046821 |
| Document: 0001104659-26-046821-index.html | 0001104659-26-046821 |
| Document: 0001104659-26-046821.txt | 0001104659-26-046821 |
| 8-K Data (Synthetic) | 0001104659-26-046821 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 28, 2026 9w ago | 8-K | $65.10 $64.90 | ▼ −0.31% | ▼ −3.69% | $56.18 (−13.70%) |
Jun 25, 2026 14w ago | 8-K | $57.56 $61.16 | ▲ +6.25% | ▲ +4.99% | $56.18 (−2.40%) |
Jun 1, 2026 17w ago | Insider Cluster | $50.96 $60.66 | ▲ +19.03% | ▲ +20.60% | $56.18 (+10.24%) |
May 29, 2026 18w ago | Insider Cluster | $50.63 $59.07 | ▲ +16.67% | ▲ +17.97% | $56.18 (+10.96%) |
May 14, 2026 20w ago | 8-K | $49.88 $54.35 | ▲ +8.96% | ▲ +9.82% | $56.18 (+12.63%) |
Apr 28, 2026 22w ago | 8-K | $48.98 $49.32 | ▲ +0.68% | ▼ −5.36% | $56.18 (+14.69%) |
Apr 22, 2026 23w ago | 8-K | $54.94 $52.64 | ▲ +4.19% | ▲ +8.82% | $56.18 (−2.26%) |
Mar 26, 2026 27w ago | DEFA14A | $56.32 $51.45 | ▼ −8.65% | ▼ −21.39% | $56.18 (−0.25%) |
Feb 19, 2026 32w ago | Court Ruling | $60.81 $58.09 | ▼ −4.47% | ▼ −0.87% | $56.18 (−7.61%) |
US Market Status
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