RLI Corp. (RLI) Tops Q1 EPS by 22c, Revenues Beat

RLI Corp. (NYSE: RLI) reported Q1 EPS of $0.87, $0.22 better than the analyst estimate of $0.65. Revenue for the quarter came in at $287.33 million versus the consensus estimate of $213.74 million.

“We are proud to report excellent first quarter results,” said RLI Corp. Chairman and CEO Jonathan E. Michael. “Despite an active winter storm season, we achieved an 87 combined ratio while continuing to find growth opportunities across our portfolio. Premium volume was up over last year in all three segments, primarily driven by rate increases and expanded distribution. Looking ahead, we will continue to build on our 25 consecutive years of underwriting profitability and focus on growing book value, which is possible through the dedication of our employee owners.”

For earnings history and earnings-related data on RLI Corp. (RLI) click here.

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