RLI Corp. (RLI) Reports Q4 EPS of $0.40

RLI Corp. (NYSE: RLI) reported Q4 EPS of $0.40, versus $0.09 reported last year. Revenue for the quarter came in at $172.27 million versus the consensus estimate of $207.98 million.

“The industry experienced another active year of natural catastrophes, but RLI’s underwriting discipline and product diversification once again distinguished our company,” said RLI Corp. Chairman & CEO Jonathan E. Michael. “I\'m proud to report that we ended the year with a 94.7 combined ratio and increased gross premiums written by 11%, as products across our portfolio grew through enhanced marketing, product development and technology initiatives. While the investment portfolio’s total return declined compared to last year, operating income benefited from investment income growth of 17% for the quarter and 13% for the year. As a result, we were able to share our success with shareholders by paying and increasing our regular quarterly dividend for the 43rd consecutive year and issuing a $1.00 special dividend in the fourth quarter. We remain focused on delivering value to our customers, partners and shareholders in 2019.”

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

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