RLI Corp. (RLI) Tops Q2 Op EPS by 9c

RLI Corp. (NYSE: RLI) reported Q2 EPS of $0.61, $0.09 better than the analyst estimate of $0.52.

“We are pleased to report a strong 89 combined ratio and continued book value growth, as each of our segments were profitable in the second quarter,” said RLI Corp. Chairman & CEO Jonathan E. Michael. “Overall premium was down versus last year, due largely to re-underwriting efforts on auto-related exposures, as well as certain product exits. Despite these impacts, premium production continues to benefit from strong performance within the casualty segment. As we head into the second half of the year, our underwriters remain focused on maintaining their underwriting discipline in the face of continued competitive pressures.”

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

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