RLI Corp. (RLI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please refer to the risk factors described in the company's various SEC filings, including in the annual reports on Form 10-K, as supplemented in Forms 10-Q, all of which should be reviewed carefully. The company has filed a Form 8-K with the Securities and Exchange Commission that contains the press release announcing fourth quarter results. During the call, RLI management may refer to operating earnings and earnings per share from operations, which are non-GAAP measures for financial results. RLI's operating earnings and earnings per share from operations consist of net earnings after the elimination of after-tax realized gains or losses and after-tax unrealized gains or losses on equity securities. RLI's management believes these measures are useful in gauging core operating performance across reporting periods that may not be comparable to other companies' definitions of operating earnings. The Form 8K contains a reconciliation between operating earnings and net earnings. The form 8K and press release are available at the company's website at www.rlicorp.com. I will now turn the conference over to RLI's Chief Investment Officer and Treasurer, Mr. Aaron DeSantala. Please go ahead. Thank you, Adam. Good morning, and welcome to RLI's third quarter earnings call for 2025. Thanks for joining us as we head into this home stretch of the year. We've got our usual lineup on deck, Craig Clefarmis, President and CEO, Jen Klovnoff, Chief Operating Officer, and Todd Bryant, Chief Financial Officer. Here's the game plan for today's call. Craig will kick things off with big picture perspectives, Todd will run down our financial results, and Jen will follow with commentary on market dynamics and our product portfolio. After our prepared remarks, We'll open the line for questions...