RLI GWP surges 20% in Q1 as underwriting profits jump on reserve releases
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

RLI GWP surges 20% in Q1 as underwriting profits jump on reserve releases

James Thaler
April 21, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
rli-logo-jtjpg_72667.jpg

Reserve releases at RLI drove a surge in underwriting profits in the first quarter and outweighed $16mn in cat losses, as gross written premium growth accelerated at the Illinois-based carrier to 20%.

The specialty underwriter reported $0.87 in operating income per share on Wednesday, up from $0.66 a share a year ago, which well outpaced the $0.65

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Specialty lines RLI Earnings
JT
James Thaler
Gift this article