RLI Corp. (RLI) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.535 Good morning, and welcome to RLI Corp. Second Quarter Earnings Teleconference. 00:00:05.535 -- 00:00:09.698 After management's prepared remarks, we will open the conference up for questions and 00:00:09.698 -- 00:00:14.182 answers. Before we get started, let me remind everyone that through the course of the 00:00:14.182 -- 00:00:19.606 teleconference, RLI management may make comments that reflect their intentions, beliefs, 00:00:19.606 -- 00:00:24.790 and expectations for the future. As always, these forward-looking statements are subject 00:00:24.790 -- 00:00:30.382 to certain factors and uncertainties which could cause actual results to differ materially. 00:00:30.382 -- 00:00:35.184 Please refer to the risk factors described in the company's various SEC filings, including 00:00:35.184 -- 00:00:40.727 in the annual report of Form 10-K, as supplemented in Forms 10-Q, 00:00:40.727 -- 00:00:43.208 all of which should be reviewed carefully. 00:00:43.208 -- 00:00:48.451 The company has filed a Form 8-K with the Securities and Exchange Commission that contains 00:00:48.451 -- 00:00:52.075 the press release announcing second quarter results. 00:00:52.075 -- 00:00:57.117 During the call, RLI management may refer to operating earnings and earnings per 00:00:57.117 -- 00:01:02.559 share from operations, which are non-GAAP measures of the financial results. 00:01:02.559 -- 00:01:07.641 RLIs operating in earnings and earnings per share from operations consist of net 00:01:07.641 -- 00:01:12.763 earnings after the elimination of after-tax realized gains or losses and 00:01:12.763 -- 00:01:17.155 after-tax unrealized gains or losses on equity securities. 00:01:17.155 -- 00:01:22.478 Additionally, equity in earnings of unconsolidated investees ...