RLI publishes third-quarter 2026 earnings call transcript
RLI•RLI reported third-quarter operating earnings of $0.86 per share, up from $0.82 a year earlier, while its combined ratio rose to 86.2 from 85.1. E&S Property premiums fell 17%, and management expects Personal Umbrella rate increases to return to double digits in 2027.
1. Quarterly results and outlook
RLI’s October 20 earnings call featured CEO Craig Kliethermes, CFO Aaron Diefenthaler and COO Jen Klobnak. Operating earnings increased to $0.86 per share from $0.82 a year earlier, while the combined ratio deteriorated to 86.2 from 85.1. E&S Property premiums declined 17% as competition intensified and renewal pricing fell by double digits. Personal Umbrella rates rose 8% in the quarter, and management expects increases to return to double digits in 2027; it also expects favorable reinsurance terms at January 1 renewals, with negotiations still underway.
