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Net loss of $2.2mn for RLI Corp in Q2 results

July 21, 2022

US property and casualty insurer RLI Corp. has reported a net loss of $2.2 million in the second quarter of 2022, compared to net earnings of $81.8 million from the same period last year.

The company’s operating earnings for the quarter were $67.4 million, a major increase from the $49.9 million it reported from last years second quarter.

Underwriting income was a strong highlight from RLI Corps’ Q2 results, as the insurer achieved $56 million on a combined ratio of 80.2, compared to $36.6 million on a 84.8 combined ratio in Q2 21.

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