RLI Corp. (NYSE:RLI) Q2 2025 Earnings Convention Name July 22, 2025 11:00 AM ET
Firm Contributors
Aaron Paul Diefenthaler – Chief Funding Officer & Treasurer
Craig William Kliethermes – President, CEO & Director
Jennifer Leigh Klobnak – Chief Working Officer
Todd Wayne Bryant – Chief Monetary Officer
Convention Name Contributors
Andrew E. Andersen – Jefferies LLC, Analysis Division
Charles Gregory Peters – Raymond James & Associates, Inc., Analysis Division
Matthew John Carletti – Residents JMP Securities, LLC, Analysis Division
Meyer Shields – Keefe, Bruyette, & Woods, Inc., Analysis Division
Operator
Good morning, and welcome to the RLI Corp. Second Quarter Earnings Teleconference. After administration’s ready remarks, we’ll open the convention up for questions and solutions.
Earlier than we get began, let me remind everybody that via the course of the teleconference, RLI administration might make feedback that replicate their intentions, beliefs, and expectations for the long run. As at all times, these forward-looking statements are topic to sure components and uncertainties which might trigger precise outcomes to vary materially. Please check with the danger components described within the firm’s numerous SEC filings, together with within the annual report on Type 10-Ok, as supplemented in Kinds 10-Q, all of which must be reviewed fastidiously. The corporate has filed a Type 8-Ok with the Securities and Change Fee that accommodates the press launch asserting fourth quarter outcomes.
Throughout the name, RLI administration might check with working earnings and earnings per share from operations, that are non-GAAP measures of economic outcomes. RLI’s working earnings and earnings per share from operations encompass internet earnings after the elimination of after-tax realized positive aspects or losses and after-tax unrealized positive aspects or losses on fairness securities. RLI’s administration believes these measures are helpful in gauging core working efficiency throughout reporting intervals however will not be akin to different firms’ definitions of working earnings. The Type 8-Ok accommodates