Fri, January 24, 2025
[ Fri, Jan 24th 2025 ]: Politico
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RLI Corp. (NYSE:RLI) Q4 2024 Earnings Call Transcript

The article provides a transcript of RLI Corp's Q4 2024 earnings call, where the company discussed its financial performance for the quarter. RLI Corp reported a strong performance with significant growth in gross premiums written, particularly in its Casualty and Property segments. The company highlighted an increase in underwriting income, driven by favorable reserve development and lower catastrophe losses compared to the previous year. Operating earnings per share also saw an uptick, supported by higher investment income due to improved yields on fixed income investments. RLI's management expressed optimism about the future, citing strategic initiatives in product development and market expansion, while also addressing challenges like inflation and competitive market conditions. They also touched on their approach to capital management, including share repurchases and dividend increases, aiming to deliver shareholder value.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/rli-corp-nyse-rli-q4-2024-earnings-call-transcript/ar-AA1xNf5v ]