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.

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