RLI Corp. reported a solid financial performance for the fiscal year ended December 31, 2025, with consolidated revenue reaching $1.88 billion, an increase of $112 million from the previous year. The company's net premiums earned rose by 6% to $1.61 billion, driven primarily by growth in the casualty segment, which saw a 12% increase in net premiums earned. RLI's net earnings for 2025 totaled $403 million, up from $346 million in 2024, reflecting improved underwriting income and a 12% increase in net investment income, attributed to higher reinvestment rates and a larger asset base.
The company achieved its 30th consecutive year of underwriting profitability, with an underwriting income of $264 million and a combined ratio of 83.6, down from 86.2 in 2024. The decrease in the combined ratio was supported by lower net retained catastrophe losses and favorable development on prior years' loss reserves, which contributed $99 million in pretax earnings in 2025. The casualty segment's underwriting income was $16 million, while the property segment reported a significant increase in underwriting income to $219 million, aided by favorable reserve developments and lower catastrophe losses compared to the previous year.
RLI Corp. has also made strategic advancements, including a focus on expanding its product offerings and enhancing its distribution capabilities. The company employed 1,193 associates as of December 31, 2025, an increase from 1,147 in 2024, reflecting its commitment to investing in talent and technology. The company continues to prioritize underwriting profitability over market share, with a disciplined approach to risk selection and pricing. In 2025, RLI's gross premiums written increased by 1% to $2.03 billion, with notable growth in the casualty segment, while the property segment experienced a decline due to intensified competition.
Looking ahead, RLI Corp. remains optimistic about its future performance, emphasizing its commitment to maintaining underwriting discipline and capitalizing on growth opportunities in favorable market conditions. The company plans to continue investing in technology and specialized underwriting talent to enhance operational efficiency and decision-making. Despite challenges such as rising loss severity trends, particularly in auto-related coverages, RLI believes that its diversified specialty portfolio and strong balance sheet position it well to navigate market cycles and pursue profitable underwriting opportunities in 2026 and beyond.
About RLI CORP
RLI Corp. is a specialty insurance provider offering property, casualty, and surety products through three subsidiaries. It serves diverse markets across the U.S., focusing on niche, hard-to-place risks with tailored coverage. The company emphasizes strong financial strength, extensive reinsurance, and a disciplined underwriting approach, competing on service and coverage quality. Its business model centers on niche markets, broker and agent distribution, and maintaining high capital and rating standards.
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