• RLI average price/book ratio for 2024 was 4.31, a 2.71% increase from 2023.
• RLI average price/book ratio for 2023 was 4.43, a 7.52% decline from 2022.
• RLI average price/book ratio for 2022 was 4.12, a 14.76% increase from 2021.

Price/book ratio can be defined as