RLI Corp.: 2Q Earnings Snapshot
PEORIA, Ill. (AP) _ RLI Corp. (RLI) on Wednesday reported second-quarter earnings of $40.5 million.
On a per-share basis, the Peoria, Illinois-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring gains, came to 66 cents per share.
The specialty insurance company posted revenue of $238.1 million in the period. Its adjusted revenue was $224.5 million.
RLI Corp. shares have increased 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $87.27, an increase of 27% in the last 12 months.