RLI
-
Overall, the company recorded an $8.8mn underwriting profit for the quarter, down almost 36% from last year. -
The carrier is the latest in a string of primary insurers to provide loss estimates.
-
A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.
-
The insurer’s results are in line with other carriers, but they are ahead of the curve on adjusting loss costs.
-
Commercial insurers surprised with continued positive results despite economic conditions.
-
The specialty carrier said hurricane season will have to play out before any market easing takes place, especially in the Southeast.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
GWP growth slowed to about 17% on the year, versus the 22% increase in Q1 2022.
-
Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
-
The specialty players are better placed than the commercial lines cohort with pricing and growth outperforming the broader market.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The executive added that the specialty carrier purchased roughly $100mn more reinsurance in its catastrophe tower for both hurricane and earthquake exposure.
Related
-
Q1 earnings roundup April 23: RenRe, Selective, RLI
April 23, 2025 -
RLI adds to CAY reserves amid concerns of increased auto severity
January 23, 2025 -
RLI shares drop 10% after Q4 CoR climbs 11.7 pts to 94.4%
January 23, 2025 -
Q4 earnings roundup January 22: RLI, Travelers
January 22, 2025