RLI Corp. (NYSE:RLI) Q4 2024 Earnings Conference Call January 23, 2024 11:00 AM ET
Company Participants
Aaron Diefenthaler – Chief Investment Officer and Treasurer
Craig Kliethermes – President and Chief Executive Officer
Jen Klobnak – Chief Operating Officer
Todd Bryant – Chief Financial Officer
Kyle Swafford – Senior Underwriter
Conference Call Participants
Michael Phillips – Oppenheimer
Gregory Peters – Raymond James
Andrew Anderson – Jefferies
Bill Carcache – Wolfe Research
Scott Heleniak – RBC
Meyer Shields – KBW
Casey Alexander – Compass Point
Jamie Inglis – Philo Smith
Heather Takahashi – Thrivent
Operator
Good morning, and welcome to the RLI Corp. Fourth Quarter Earnings Teleconference. After management’s prepared remarks, we will open the conference up for questions-and-answers.
Before we get started, let me remind everyone that through the course of the teleconference, RLI management may make comments that reflect their intentions, beliefs or expectations for the future. As always, these forward-looking statements are subject to certain factors and uncertainties, which could cause actual results to differ materially.
Please refer to the risk factors described in the company’s various SEC filings, including in the annual report 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 of 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
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