RLI Q4 UW gain drops 63% to $22mn driven by property downturn, with FY:24 gain +22%

By James Thaler

Published: Wed 22 Jan 2025

RLI’s Q4 underwriting gain fell by 63 percent to $22mn following a sharp drop in its property unit’s result, which included $39mn of Hurricanes Beryl, Helene and Milton-driven catastrophe losses, while its casualty unit swung to a loss after earning a small profit in the prior year period.