RLI Operating Earnings Tops Estimates

(RTTNews) - RLI Corp (RLI) on Monday reported fourth-quarter net earnings of $37.5 million or $0.85 per share compared with $33.9 million or $0.77 per share last year.

Excluding items, operating earnings for the quarter were $0.71 per share compared with $0.72 per share a year ago.

Total revenues for the quarter were $203.3 million compared with $185.4 million in the prior year. Net premiums earned rose to $179.9 million from $68.4 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.60 per share on revenues of $167 million for the quarter. Analysts' estimates typically exclude special items.