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.