EarningsQ2 2026 Earnings Report
DE:RL1 Q2 2026 EPS Results
Actual EPS€0.74
Consensus EPS€0.65
Beat/MissBeat by +€0.10
One Year Ago EPS€0.75
DE:RL1 Q2 2026 Revenue Results
Actual Revenue€513.63M
Expected Revenue€507.50M
Beat/MissBeat by +€6.13M
YoY Revenue Growth+18.72%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
DE:RL1 Upcoming Earnings
RLI's next earnings date is estimated for October 19, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:RL1 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and capital position: RLI delivered stable operating earnings, strong ROE (25%), higher investment income, favorable reserve development, and substantial capital returns (special dividend and buybacks). Management emphasized disciplined underwriting, selective growth, and service differentiation in a competitive market. Key headwinds include near-100% casualty combined ratio, expense ratio pressure, declining premiums in certain segments (E&S property and surety), and decelerating rate momentum in some lines. Overall, the company appears well-capitalized and executing a conservative, owner-minded strategy while navigating competitive and market-cycle challenges.Company Guidance
Profitability and Shareholder Returns
Reported GAAP net earnings of $1.82 per share (vs. $1.34 prior year) and operating earnings of $0.83 per share (vs. $0.82 prior year). Returned capital via a $2.00 special dividend plus regular dividend ($0.18) and activated a $250M share repurchase program (repurchased ~235k shares at $51.25; ~ $238M remaining). Comprehensive earnings were $166M ($1.80/share) vs $143M ($1.55/share) prior year. Book value per share increased ~11% from year-end 2025 after capital actions.
Strong Return on Equity
Generated a 25% return on equity for the quarter, reflecting strong profitability and capital efficiency.
Disciplined Underwriting Performance
Reported underwriting income of $59.9M and an overall combined ratio of 85.6% (mid-80s for the quarter and YTD), supported by favorable prior-year reserve development of $39.8M (vs. $27.6M prior year). Loss ratio improved 0.4 percentage points to 45.5%.
Investment Income and Portfolio Performance
Net investment income increased 17% to $46M. Investment purchase yields averaged ~4.9% during the quarter; the investment portfolio produced a 3.4% total return for the quarter and a 3.0% return for the first six months. Total investments and cash were approximately $4.9B.
Top-Line Growth in Key Segments
Gross premiums written grew 3% overall. Casualty grew 11%, driven by personal umbrella (+26%) and transportation (+19%). Transportation pricing also supported retention and new business wins.
Strong Property Underwriting Results (Where Written)
Property combined ratio was strong at 56.8% for the quarter, aided by lighter catastrophe activity ($9M) and $23M of favorable prior-year development in marine and prior-year catastrophe events.
Balanced Capital Deployment
Generated $145M of operating cash flow that supported fixed income purchases; management emphasized returning capital when attractive investments are not available and selectively repurchasing shares while issuing a special dividend.
Reinsurance & Risk Management
Renewed several reinsurance treaties (marine, executive products, professional liability, earthquake surplus share) in a favorable reinsurance environment with stable coverage and rates flat to down on treaties.
DE:RL1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed