From TokenPost · · 40s
RLI Corp Beats Third-Quarter EPS Estimates
RLI Corp. beats third-quarter earnings estimates by 33 cents, revenue exceeds forecasts despite year-over-year decline.
In brief
RLI Corp. beats third-quarter earnings estimates by 33 cents, revenue exceeds forecasts despite year-over-year decline. RLI Corp. reported third-quarter non-GAAP earnings of $0.86 per share, beating estimates by $0.33 while revenue exceeded forecasts. Originally reported by TokenPost.
RLI Corp. Earnings Report
RLI Corp. posted third-quarter non-GAAP earnings of $0.86 per share, beating estimates by $0.33.
Revenue Exceeds Forecasts
Revenue totaled $476.9 million, or $9.8 million more than expected, despite a 6.4% year-over-year decline.
Financial Metrics
The company recorded $58.8 million in underwriting income and a combined ratio of 86.2, with gross premiums written up 2% and net investment income up 13%.
The big picture
RLI Corp. reported third-quarter non-GAAP earnings of $0.86 per share, beating estimates by $0.33 while revenue exceeded forecasts.
