RLI Corp. (RLI) Tops Q1 EPS by 11c

RLI Corp. (NYSE: RLI) reported Q1 EPS of $0.71, $0.11 better than the analyst estimate of $0.60.

• Underwriting income(1) of $22.4 million, resulting in a combined ratio(1) of 89.0.
• 6% increase in gross premiums written and 16% increase in investment income.
• Favorable development in prior years’ loss reserves resulting in a $16.6 million net increase in underwriting income.
• Book value per share of $20.08, an increase of 12% from year-end 2018, inclusive of dividends.

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

You May Also Be Interested In

• Meta stock jumps 5% premarket: Analysts bullish on new Muse AI agent
• Needham on Barnes & Noble Education (BNED): 'we remain buyers on the weakness'
• Core & Main, Inc (CNM) Tops Q3 EPS by 2c ; Offers Guidance