RLI Corp Maintains $0.16 Quarterly Dividend, Extends 50-Year Streak
RLI Corp (NYSE: RLI), a specialty insurance company, paid its regular quarterly dividend of $0.16 per share on March 16, 2026, unchanged from the prior quarter. The payment extends the company's 50-year record of consecutive annual dividend payments and increases.
RLI Corp (NYSE: RLI), a specialty insurer serving niche property, casualty and surety markets, paid a regular quarterly dividend of $0.16 per share on March 16, 2026. The dividend amount matched the prior quarter's payment. Read more dividend announcements.
The payment extends RLI's 50-year streak of paying and increasing regular dividends annually, according to the company's filing. Over the past five years, RLI has distributed more than $1.1 billion in cumulative dividends to shareholders.
| Dividend Details | Information |
|---|---|
| Amount | $0.16 per share |
| Payment Date | March 16, 2026 |
| Frequency | Quarterly |
| Previous Amount | $0.16 per share |
First Quarter Operating Results
RLI reported underwriting income of $57.8 million for the first quarter of 2026, down from $70.5 million in the same period of 2025. The company's combined ratio increased to 86.0% from 82.3% year-over-year.
The property segment generated $48.2 million in underwriting income with a combined ratio of 61.9%, compared to $56.9 million and 57.1% respectively in the prior year. Casualty underwriting income improved to $7.3 million from $2.1 million, while the combined ratio improved to 97.1% from 99.1%. Surety underwriting income declined to $2.3 million from $11.5 million, with the combined ratio rising to 93.7% from 68.5%.
The company recorded $31.3 million in favorable development from prior years' loss reserves, up from $27.4 million in the first quarter of 2025. Catastrophe losses totaled $16.0 million in the current quarter, compared to $12.0 million from prior-year events in the 2025 period.
Net investment income increased 15% to $42.3 million compared to the same quarter in 2025. The investment portfolio delivered a total return of -0.4% for the quarter.
Comprehensive earnings totaled $29.5 million, or $0.32 per share, down from $93.2 million, or $1.01 per share, in the first quarter of 2025. The decrease reflected after-tax unrealized losses from the fixed income portfolio due to rising interest rates.
RLI operates through three insurance subsidiaries — RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company — all rated A++ (Superior) by AM Best Company. The company has delivered underwriting profits for 30 consecutive years.