AI-extracted from the 10-Q filed 2026-10-21 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
RLI's Q3 2026 consolidated revenue fell to $477.0M (down 6% YoY) as a $42M swing from equity gains to unrealized losses offset 4% premium growth, cutting net earnings to $81.0M from $124.6M.
Biggest Revenue Drivers
Net premiums earned$424.9M+4% YoY
Growth primarily driven by products in the casualty segment.
Net investment income$46.7M+13% YoY
Reflects higher reinvestment rates and an increased average asset base.
Biggest Revenue Drivers
Total revenue: $477.0M-6% YoY
Net premiums earned$424.9M+4% YoY
Growth primarily driven by products in the casualty segment.
Net investment income$46.7M+13% YoY
Reflects higher reinvestment rates and an increased average asset base.
Net realized gains$8.6M-53% YoY
Included $10M of realized gains on equity securities from rebalancing, partly offset by $1M of fixed income losses.
Net unrealized gains (losses) on equity securities$(3.3)MDown from $42.0M in Q3 2025
Current-period amount impacted by realization of gains on equity securities during the quarter.
Largest Expense Items
Losses and settlement expenses$201.3M+7% YoY
Loss ratio rose to 47.4 from 46.1, driven by a shift toward casualty lines and higher catastrophe losses, partly offset by favorable prior-year development.
Policy acquisition costs$134.1M+4% YoY
Amortization of deferred acquisition costs and other policy acquisition costs tied to premium growth.
Insurance operating expenses$30.7M+1% YoY
Allocated support department costs; expense ratio decreased to 38.8 from 39.0 as earned premium growth outpaced expense growth.
Interest expense on debt$4.2M+208% YoY
Reflects the $300M senior notes issued March 3, 2026 at 5.375%.
Margins: Combined ratio rose to 86.2 from 85.1, driven by casualty segment (99.6 vs 98.2) and higher catastrophe losses ($4M), partially offset by larger favorable prior-year reserve development ($23M). Net earnings declined 35% YoY, primarily on lower realized and unrealized equity gains.
Watch Items from the Filing
Casualty segment combined ratio deteriorated to 99.6 from 98.2, with a loss ratio of 64.1 driven by business mix shift toward higher loss ratio products.
Gross premiums written in commercial property declined 17% YoY in the quarter, citing capacity and competition pressure on pricing and retention.
Prior accident years produced $23M of favorable reserve development in the quarter, supporting underwriting results.
Unrealized losses of $294M on fixed income securities without credit loss allowance, representing 8% of the fixed income portfolio cost basis as interest rates rose.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Angelina Michael EReporting ownerGrant or award · May 14, 2026
Congress trading in RLI
6 transactions in RLI reported by 3 members of Congress under the STOCK Act, most recent trade Jun 17, 2025. Reported transactions, not recommendations.
About RLI CORP (RLI): stock profile, AI score and financials
RLI CORP (RLI) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores RLI at 64.5/100 on a composite quality score built from its SEC filings, placing it at rank #532 of 2,925 stocks — the top 25% of the AI-ranked universe. RLI scores in the top quartile across institutional flow (84.4), profitability (81.6), free cash flow (81.5). Based on the latest XBRL financial filings (Q3 2026), RLI CORP reports quarterly revenue of $477.0M, net income of $81.0M, an operating margin of 21.0%. Top institutional holders of RLI by reported 13-F value include STATE STREET, BlackRock, KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, based on the most recent SEC filings. RLI trades on the NYSE exchange and files with the SEC under CIK 84246. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RLI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for RLI CORP directly from SEC EDGAR.