RLI Corp. (NYSE:RLI) reported third-quarter results with a consolidated combined ratio of 86.2%, up from 85.1% a year earlier, and gross premiums written rose 2% to $522.2 million, led by the Casualty segment. GAAP net EPS was $0.88 versus $1.35, mainly reflecting changes in the value of equity securities, while operating EPS rose 4.9% to $0.86. Net investment income climbed 13.1% to $46.7 million on higher yields from new investment-grade fixed income purchases, and favorable prior-year reserve development contributed $22.9 million. Catastrophe losses were modest at $3.8 million, and management noted that competition intensified in excess liability and commercial transportation. Book value per share reached $18.49, up 10% from year-end 2025 after adjusting for dividends and share repurchases.
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