RLI reports Q2 2026 operating EPS of $0.83, 86 combined ratio, and returns $184M to shareholders

Filed July 28, 2026 · Period ending July 23, 2026 · ~2 min read

Key Changes

• high

  Operating EPS of $0.83 essentially flat versus $0.82 in Q2 2025; GAAP EPS of $1.82 driven by $103M unrealized equity gains. Combined ratio of 85.6 (up 1.1 points) reflects improved 45.5 loss ratio offset by higher 40.1 expense ratio from personnel, acquisition, and technology costs.

  Exhibit 99.1 view on EDGAR →
• high

  Net investment income increased 17% to $46M on 3.4% quarterly portfolio return. Operating cashflow of $145M funded fixed-income purchases averaging 4.9% yields. Total investments and cash reached $4.9B at quarter-end.

  Exhibit 99.1 view on EDGAR →
• high

  Returned $184M to shareholders via $2 special dividend plus $0.18 regular quarterly dividend. Repurchased approximately 235,000 shares at average price of $51.25 under newly authorized $250M buyback program.

  Exhibit 99.1 view on EDGAR →