The Zacks Consensus Estimate for PLMR's 2024 and 2025 earnings implies year-over-year growth of 25.7% and 17.8%, respectively. NMI Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 8.60%. In the past year, NMIH has jumped 25.6%. The Zacks Consensus Estimate for NMIH's 2024 and 2025 earnings implies year-over-year growth of 10.6% and 7.6%, respectively. RLI Corp. (RLI) is well-poised to gain from a compelling product portfolio, rate incre ...

A month has gone by since the last earnings report for RLI Corp. (RLI) . Shares have added about 1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is RLI Corp. due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. RLI's Q1 Earnings Top Estimates on Strong Segmental Res ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09463 RLI Corp. (Exact name of registrant as specified in its charter) Delaware 37-0889946 (I.R.S. Employer I ...

RLI Corporation (NYSE:RLI) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Aaron Diefenthaler - CIO & Treasurer Craig Kliethermes - President, CEO & Director Todd Bryant - CFO Jen Klobnak - COO Conference Call Participants Charles Peters - Raymond James & Associates Andrew Andersen - Jefferies Scott Heleniak - RBC Capital Markets Fiona Diamond - William Blair & Company Operator Good morning, and welcome to the RLI Corp. First Quarter Earnings Teleconference. After management ...

EXHIBIT 99.1 RLI REPORTS FIRST QUARTER 2024 RESULTS PEORIA, ILLINOIS, April 22, 2024 – RLI Corp. (NYSE: RLI) – RLI Corp. reported first quarter 2024 net earnings of $127.9 million ($2.77 per share), compared to $98.8 million ($2.15 per share) for the first quarter of 2023. Operating earnings(1) for the first quarter of 2024 were $87.4 million ($1.89 per share), compared to $75.0 million ($1.63 per share) for the same period in 2023. | | First Quarter | | | | --- | --- | --- | --- | | Earnings Per Diluted Sh ...

Part I [Business](index=3&type=section&id=Item%201.%20Business) RLI Corp. is a specialty insurer founded in 1965, operating through three subsidiaries across Casualty, Property, and Surety segments, focusing on underwriting profit and conservative investments [Company and Market Overview](index=3&type=section&id=Company%20and%20Market%20Overview) RLI Corp. underwrites specialty P&C products through subsidiaries, focusing on admitted and E&S markets for unique risks - RLI Corp. operates through three insurance companies: **RLI Insurance Company** (admitted lines), **Mt. Hawley Insurance Company** (excess and surplus lines), and **Contractors Bonding and Insurance Company** (admitted lines)[10](index=10&type=chunk) 2023 Gross Premiums Written by Market | Market | Gross Premiums Written (2023) | Percentage of Total | | :--- | :--- | :--- | | Specialty Admitted | $992 million | 55% | | Excess and Surplus | $794 million | 44% | | Specialty Reinsurance | $21 million | 1% | [Business Segments](index=4&type=section&id=Business%20Segments) Operations are segmented into Casualty (59% of net premiums earned), Property (31%), and Surety (10%), each with distinct product offerings Net Premiums Earned by Segment (2021-2023) | Segment | 2023 Net Premiums Earned | % of Total (2023) | 2022 Net Premiums Earned | 2021 Net Premiums Earned | | :--- | :--- | :--- | :--- | :--- | | Casualty | $758,346,000 | 59% | $711,832,000 | $633,639,000 | | Property | $401,530,000 | 31% | $307,886,000 | $231,837,000 | | Surety | $134,430,000 | 10% | $124,718,000 | $115,427,000 | | **Total** | **$1,294,306,000** | **100%** | **$1,144,436,000** | **$980,903,000** | - The Casualty segment offers diverse products including commercial excess, personal umbrella, transportation, and professional services[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) - The Property segment primarily covers commercial property, including E&S lines for fire, earthquake, and wind, alongside marine and specialized homeowners' insurance[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - The Surety segment provides commercial, transactional (e.g., license and permit bonds), and contract bonds for small to medium-sized contractors[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) [Marketing, Competition, and Ratings](index=8&type=section&id=Marketing%2C%20Competition%2C%20and%20Ratings) RLI distributes products via brokers and agents, competing on service and pricing, maintaining strong financial strength ratings like **A+ from AM Best** - The company's primary distribution channels are wholesale/retail brokers, independent agents, and carrier partners[32](index=32&type=chunk) - RLI competes on innovative coverages, service quality, and fair pricing, prioritizing underwriting standards over market share[38](index=38&type=chunk) Financial Strength Ratings (as of Dec 31, 2023) | Rating Agency | RLI Ins., Mt. Hawley, CBIC | Rating Description | | :--- | :--- | :--- | | AM Best | A+ | Superior | | Standard & Poor's | A | Strong | | Moody's | A2 | Low Credit Risk | [Reinsurance](index=9&type=section&id=Reinsurance) RLI uses reinsurance to diversify risk, limit losses, and reduce volatility, ceding **$378.9 million** in premiums in 2023 Premiums Written and Earned (2021-2023) | (in thousands) | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | **Premiums Written** | | | | | Direct and Assumed | $1,806,660 | $1,565,486 | $1,347,354 | | Reinsurance ceded | ($378,913) | ($323,950) | ($289,821) | | **Net** | **$1,427,747** | **$1,241,536** | **$1,057,533** | | **Premiums Earned** | | | | | Direct and Assumed | $1,699,419 | $1,460,845 | $1,253,296 | | Reinsurance ceded | ($405,113) | ($316,409) | ($272,393) | | **Net** | **$1,294,306** | **$1,144,436** | **$980,903** | 2024 Catastrophe Coverage (in millions) | Peril | First-Dollar Retention | Limit | | :--- | :--- | :--- | | California earthquake | $25 | $850 | | Non-California earthquake | $50 | $850 | | Other perils (incl. hurricane) | $50 | $750 | - Based on the January 1, 2024 treaty, there is a **99.6% likelihood** that net loss from a single catastrophic event will be less than **8.0% of policyholders' statutory surplus**[55](index=55&type=chunk) [Operating Ratios](index=14&type=section&id=Operating%20Ratios) RLI maintains a conservative capital position with a **0.9 to 1** premiums-to-surplus ratio and a strong **86.6 GAAP combined ratio** in 2023 Premiums to Surplus Ratio (2019-2023) | Year | Statutory Net Premiums Written | Policyholders' Surplus | Ratio | | :--- | :--- | :--- | :--- | | 2023 | $1,427,747,000 | $1,520,135,000 | 0.9 to 1 | | 2022 | $1,241,536,000 | $1,407,925,000 | 0.9 to 1 | | 2021 | $1,057,533,000 | $1,240,649,000 | 0.9 to 1 | | 2020 | $892,088,000 | $1,121,592,000 | 0.8 to 1 | | 2019 | $860,337,000 | $1,029,671,000 | 0.8 to 1 | Combined Ratio (2019-2023) | Year | Loss Ratio | Expense Ratio | Combined Ratio | | :--- | :--- | :--- | :--- | | 2023 | 46.7 | 39.9 | 86.6 | | 2022 | 44.9 | 39.5 | 84.4 | | 2021 | 46.5 | 40.3 | 86.8 | | 2020 | 51.2 | 40.8 | 92.0 | | 2019 | 49.3 | 42.6 | 91.9 | [Investments](index=15&type=section&id=Investments) RLI's investment strategy prioritizes capital preservation and book value growth, with **78%** in fixed income and **16%** in equity as of 2023 - The investment strategy prioritizes capital preservation and book value growth through total return, with no derivatives in the portfolio[62](index=62&type=chunk) Investment Portfolio Allocation (as of Dec 31, 2023) | Asset Class | Percentage of Total Portfolio | | :--- | :--- | | Fixed Income | 78% | | Equity | 16% | | Cash & Short-term | 5% | | Other Invested Assets | 1% | - As of December 31, 2023, **81%** of the fixed income portfolio was rated 'A' or better, with **58%** rated 'AA' or better[64](index=64&type=chunk) [Regulation](index=15&type=section&id=Regulation) RLI and its subsidiaries are subject to extensive state regulation, primarily by the IDOI, covering solvency, market conduct, and dividend payments - The company is primarily regulated at the state level, with the **Illinois Department of Insurance (IDOI)** as its principal regulator[70](index=70&type=chunk) - State regulations restrict insurance subsidiaries' ability to pay dividends to RLI Corp., requiring prior approval for extraordinary dividends[71](index=71&type=chunk) - As of December 31, 2023, RLI's principal insurance subsidiary had **$1.5 billion** in statutory capital, over five times its **$273 million** authorized control level RBC[74](index=74&type=chunk) [Human Capital](index=21&type=section&id=Human%20Capital) RLI employed **1,099 associates** in 2023, fostering an ownership culture through ESOP and LTIP, with insiders owning **9%** of shares - The company's workforce grew to **1,099 employees** in 2023 from **1,001** in 2022, with an average tenure of **8.8 years**[92](index=92&type=chunk) - An **Employee Stock Ownership Plan (ESOP)** and **long-term incentive plan (LTIP)** align employee and shareholder interests[97](index=97&type=chunk) - As of December 31, 2023, insiders owned **9%** of RLI Corp. shares[97](index=97&type=chunk) [Risk Factors](index=23&type=section&id=Item%201A.%20Risk%20Factors) RLI faces risks from industry cyclicality, competition, producer concentration, inadequate loss reserves, catastrophes, climate change, and cybersecurity threats [Insurance Industry Risks](index=23&type=section&id=Insurance%20Industry%20Risks) RLI faces P&C industry cyclicality, competition, producer concentration (**42%** from six entities), geographic concentration, and catastrophic loss unpredictability - The property and casualty insurance industry is cyclical, with results fluctuating due to competitive pressures, loss costs, and economic conditions[100](index=100&type=chunk) - In 2023, **42%** of gross premiums written were generated through six producer entities, indicating concentration risk[104](index=104&type=chunk) - Business is geographically concentrated, with **57%** of 2023 direct premiums earned from Florida (**20%**), California (**17%**), Texas (**11%**), and New York (**9%**)[105](index=105&type=chunk) - Estimating loss reserves is inherently uncertain; if actual losses exceed reserves, profitability will be negatively impacted[119](index=119&type=chunk)[120](index=120&type=chunk) - The company is exposed to unpredictable catastrophic events, and climate change may increase the frequency and severity of weather-related losses[125](index=125&type=chunk)[128](index=128&type=chunk) [Financial and Investment Risks](index=31&type=section&id=Financial%20and%20Investment%20Risks) RLI's financial performance is exposed to adverse economic conditions, dividend restrictions from subsidiaries, and investment portfolio market fluctuations - Adverse economic conditions can reduce demand for insurance products, as premiums depend on customer revenues, payroll, and construction spending[132](index=132&type=chunk) - RLI Corp. relies on dividends from its insurance subsidiaries, which are restricted by state laws, potentially limiting parent company cash flow[134](index=134&type=chunk) - The investment portfolio's value can fluctuate due to interest rate changes, credit risk, and stock market movements, impacting financial condition[136](index=136&type=chunk) [Operational Risks](index=33&type=section&id=Operational%20Risks) Operational risks include internal procedure failures, talent retention, third-party vendor reliance, cybersecurity threats, litigation, and potential pandemics - The company's success depends on managing operational risks like fraud, errors, and compliance failures through its **enterprise risk management (ERM)** framework[137](index=137&type=chunk) - The business depends on attracting and retaining experienced underwriting and claims talent[140](index=140&type=chunk) - RLI relies on third-party vendors for key components like catastrophe modeling software and claims processing, creating dependency risk[141](index=141&type=chunk) - Cybersecurity threats pose significant risk, potentially disrupting operations, compromising data, and leading to litigation and financial penalties[144](index=144&type=chunk)[146](index=146&type=chunk) [Unresolved Staff Comments](index=39&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - None[153](index=153&type=chunk) [Cybersecurity](index=39&type=section&id=Item%201C.%20Cybersecurity) RLI manages cybersecurity risks using the NIST Framework, with oversight from the Board's audit committee and a management risk committee - The company's cybersecurity risk management is based on the **NIST Cybersecurity Framework**[154](index=154&type=chunk) - The Board's audit committee provides primary cybersecurity oversight, receiving quarterly updates from the **CIO/CISO**[156](index=156&type=chunk) - A management risk committee, chaired by the CEO, provides management-level oversight of cybersecurity risks[157](index=157&type=chunk) [Properties](index=41&type=section&id=Item%202.%20Properties) RLI owns its Peoria, Illinois headquarters, featuring a **1.8-megawatt solar field**, while other offices are leased - RLI owns its **173,000 square foot** corporate headquarters on a **23-acre campus** in Peoria, Illinois[162](index=162&type=chunk) - The Peoria campus features a **1.8-megawatt solar field** designed to cover the headquarters' annual electrical needs[163](index=163&type=chunk) [Legal Proceedings](index=41&type=section&id=Item%203.%20Legal%20Proceedings) Legal proceedings information is detailed in Note 10 to the Consolidated Financial Statements - Details on legal proceedings are available in **Note 10** to the Consolidated Financial Statements[164](index=164&type=chunk) [Mine Safety Disclosures](index=41&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[165](index=165&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=41&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) RLI common stock trades on NYSE, boasts **190 consecutive quarterly dividends**, and a **17.7% five-year annualized total return**, outperforming benchmarks - RLI has paid dividends for **190 consecutive quarters** and increased its quarterly dividend for **48 consecutive years**[167](index=167&type=chunk) - A special cash dividend of **$2.00 per share** was paid in December 2023, compared to **$7.00 per share** in December 2022[167](index=167&type=chunk) Five-Year Annualized Total Return Comparison | Index | 5-Year Annualized Total Return | | :--- | :--- | | RLI | 17.7% | | S&P 500 | 15.7% | | S&P 500 P&C Index | 15.7% | - The board terminated its **$100 million** share repurchase program in 2023, with no shares repurchased during the year[173](index=173&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=43&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) RLI achieved its **28th consecutive year of underwriting profitability** with an **86.6 combined ratio** in 2023, driven by **15% gross premium growth** and **40% net investment income increase** [Overview and Key Performance Measures](index=43&type=section&id=Overview%20and%20Key%20Performance%20Measures) RLI, a specialty insurer, achieved **28 consecutive years of underwriting profitability**, with **$173.2 million** in underwriting income in 2023 - The company achieved its **28th consecutive year of underwriting profitability** in 2023, with a **28-year average combined ratio of 88.2**[176](index=176&type=chunk) Reconciliation of Net Earnings to Underwriting Income | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Net earnings | $304,611 | $583,411 | | Earnings before income taxes | $377,265 | $720,678 | | **Underwriting income** | **$173,185** | **$178,216** | [Critical Accounting Policies](index=43&type=section&id=Critical%20Accounting%20Policies) Critical accounting policies involve significant estimates for unpaid losses, investment valuation, reinsurance recoverability, and deferred policy acquisition costs - Critical accounting policies involve significant estimates for unpaid losses, investment valuation, reinsurance balances, deferred policy acquisition costs, and deferred taxes[182](index=182&type=chunk) - Loss reserves are estimates for reported (case) and incurred but not yet reported (IBNR) claims, involving significant judgment and subject to economic and legal variables[183](index=183&type=chunk)[187](index=187&type=chunk) - The company uses multiple actuarial methods, including Paid Loss Development, Incurred Loss Development, and Bornhuetter/Ferguson (BF), weighted by accident year maturity and product characteristics[201](index=201&type=chunk)[211](index=211&type=chunk) [Results of Operations](index=59&type=section&id=Results%20of%20Operations) Consolidated revenue was **$1.5 billion** in 2023, with **13% net premium growth**, **$173 million** underwriting income, and **40% net investment income increase** Consolidated Revenue (2022-2023) | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Net premiums earned | $1,294,306 | $1,144,436 | | Net investment income | $120,383 | $86,078 | | Net realized gains | $32,518 | $588,515 | | Net unrealized gains (losses) on equity securities | $64,787 | ($121,037) | | **Total consolidated revenue** | **$1,511,994** | **$1,697,992** | Net Earnings (2022-2023) | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Underwriting income | $173,185 | $178,216 | | Earnings before income taxes | $377,265 | $720,678 | | **Net earnings** | **$304,611** | **$583,411** | - Gross premiums written increased by **15%** in 2023, with all three segments contributing, notably **40% growth** in the Property segment[251](index=251&type=chunk)[257](index=257&type=chunk)[262](index=262&type=chunk) - The 2023 combined ratio was **86.6**, up from **84.4** in 2022, driven by higher net retained catastrophe losses, including **$49 million** from Hawaiian wildfires[252](index=252&type=chunk)[253](index=253&type=chunk) [Liquidity and Capital Resources](index=72&type=section&id=Liquidity%20and%20Capital%20Resources) RLI maintains strong liquidity with **$464.3 million** in operating cash flow in 2023, and a capital structure of **$100 million** debt and **$1.4 billion** equity Summary of Cash Flows (2022-2023) | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $464,257 | $250,448 | | Net cash provided by (used in) investing activities | ($211,803) | $48,879 | | Net cash used in financing activities | ($238,848) | ($365,313) | - As of December 31, 2023, total contractual obligations were approximately **$2.57 billion**, primarily **$2.45 billion** in estimated loss and settlement expense reserves[313](index=313&type=chunk) - The capital structure at year-end 2023 included **$100 million** in debt and **$1.4 billion** in shareholders' equity, with debt comprising **7%** of total capital[325](index=325&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=78&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) RLI's primary market risks are interest rate and equity price risks, managed through duration matching and diversification, with sensitivity analysis provided - The most significant market risk is interest rate risk on the fixed income portfolio, managed by matching asset and liability durations[330](index=330&type=chunk) Market Risk Sensitivity Analysis (as of Dec 31, 2023) | Hypothetical Event | Portfolio | Pretax Reduction in Fair Value | | :--- | :--- | :--- | | +100 basis-point interest rate increase | Fixed Income | ($132 million) | | +200 basis-point interest rate increase | Fixed Income | ($255 million) | | -10% S&P 500 Index decline | Equity | ($55 million) | | -20% S&P 500 Index decline | Equity | ($110 million) | [Financial Statements and Supplementary Data](index=82&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents RLI Corp.'s consolidated financial statements, including balance sheets, earnings, equity, cash flows, and notes, along with the independent auditor's report [Consolidated Financial Statements](index=83&type=section&id=Consolidated%20Financial%20Statements) Consolidated financial statements show **$5.18 billion** in total assets, **$1.41 billion** in equity, and **$304.6 million** net earnings for 2023 Key Balance Sheet Data (as of Dec 31) | (in thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Total Investments and Cash | $3,676,318 | $3,272,301 | | Total Assets | $5,180,221 | $4,767,068 | | Unpaid Losses and Settlement Expenses | $2,446,025 | $2,315,637 | | Total Liabilities | $3,766,707 | $3,589,727 | | Total Shareholders' Equity | $1,413,514 | $1,177,341 | Key Earnings Data (for year ended Dec 31) | (in thousands, except per share) | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Total Consolidated Revenue | $1,511,994 | $1,697,992 | $1,179,245 | | Net Earnings | $304,611 | $583,411 | $279,354 | | Diluted Net Earnings Per Share | $6.61 | $12.74 | $6.11 | [Notes to Consolidated Financial Statements](index=87&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies, the **$3.7 billion** investment portfolio, reinsurance program, loss reserve development, debt, and confirm strong subsidiary capital levels - The investment portfolio's fair value was **$3.7 billion** as of December 31, 2023, with **$198.5 million** unrealized losses in fixed income and **$236.0 million** unrealized gains in equity[282](index=282&type=chunk) - The company's reinsurance program limits net loss on any individual risk to a maximum of **$10 million**[450](index=450&type=chunk) - For 2023, the company recognized **$108.5 million** in favorable development on prior accident years' loss reserves, with the Casualty segment contributing **$78.5 million**[454](index=454&type=chunk)[467](index=467&type=chunk) - As of December 31, 2023, the company had **$100 million** in debt outstanding, comprising **$50 million** from a revolving line of credit and **$50 million** from the FHLBC[444](index=444&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=135&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with accountants on accounting or financial disclosure matters - There were no changes in or disagreements with accountants[537](index=537&type=chunk) [Controls and Procedures](index=135&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023 - Management concluded that disclosure controls and procedures were effective as of December 31, 2023[538](index=538&type=chunk) - Management concluded that internal control over financial reporting was effective as of December 31, 2023[539](index=539&type=chunk) [Other Information](index=135&type=section&id=Item%209B.%20Other%20Information) No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during 2023 - No director or officer adopted or terminated a **Rule 10b5-1** trading plan during 2023[542](index=542&type=chunk) Part III Part III incorporates information by reference from the 2024 proxy statement, covering directors, executive compensation, and security ownership [Directors, Executive Officers, Corporate Governance, Compensation, and Other Matters](index=135&type=section&id=Items%2010-14) Information for Items 10-14 is incorporated by reference from the 2024 definitive proxy statement - Item 10 (Directors, Executive Officers and Corporate Governance) is incorporated by reference from the proxy statement[545](index=545&type=chunk) - Item 11 (Executive Compensation) is incorporated by reference from the proxy statement[546](index=546&type=chunk) - Items 12, 13, and 14 are also incorporated by reference from the proxy statement[547](index=547&type=chunk)[548](index=548&type=chunk) Part IV Part IV lists financial statements, schedules, and exhibits filed with the Form 10-K, including consolidated financials and supplementary data [Exhibits and Financial Statement Schedules](index=136&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all financial statements, schedules, and exhibits filed with the annual report, including corporate governance documents - This item lists the financial statements, financial statement schedules, and exhibits filed as part of the Form 10-K[549](index=549&type=chunk)[551](index=551&type=chunk) [Form 10-K Summary](index=138&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company indicates no Form 10-K summary is provided - None[555](index=555&type=chunk)

RLI Corp. (NYSE:RLI) Q4 2023 Earnings Conference Call January 25, 2024 11:00 AM ET Company Participants Aaron Diefenthaler - Chief Investment Officer & Treasurer Craig Kliethermes - President & Chief Executive Officer Todd Bryant - Chief Financial Officer Jen Klobnak - Chief Operating Officer Conference Call Participants Gregory Peters - Raymond James Andrew Andersen - Jefferies Meyer Shields - KBW Scott Heleniak - RBC Capital Markets Operator Good morning, and welcome to the RLI Corp. Fourth Quarter Earnin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09463 RLI Corp. (Exact name of registrant as specified in its charter) Delaware 37-0889946 (I.R.S. Employ ...

RLI Corp. (NYSE:RLI) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Company Participants Aaron Diefenthaler - Chief Investment Officer & Treasurer Todd Bryant - Chief Financial Officer Craig Kliethermes - President & Chief Executive Officer Jennifer Klobnak - Chief Operating Officer Conference Call Participants Gregory Peters - Raymond James Andrew Andersen - Jefferies Meyer Shields - KBW Scott Heleniak - RBC Capital Markets Operator Good morning, and welcome to the RLI Corp. Third Quarter Ea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09463 RLI Corp. (Exact name of registrant as specified in its charter) Delaware 37-0889946 (I.R.S. Employer Id ...