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Stock impact report

RLI Q1 Earnings Miss Estimates, Investment Income Increases Y/Y [Yahoo! Finance]

RLI Corp. (DE) (RLI) 
Last rli corp. (de) earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: rlicorp.com/investors
Company Research Source: Yahoo! Finance
The quarterly results reflect underwriting strain from catastrophe losses, though investment income and casualty growth offer resilience. Operational Performance Operating revenues for the reported quarter were $454 million, up 4.4% year over year, driven by higher net premiums earned and net investment income. The top line beat the Zacks Consensus Estimate by 1%. RLI Corp. Price, Consensus and EPS Surprise RLI Corp. Price, Consensus and EPS Surprise RLI Corp. price-consensus-eps-surprise-chart | RLI Corp. Quote Gross premiums written (GPW) increased 3% year over year to $503.9 million, driven by strong growth in the casualty segment (up 10%). Our estimate was $523.9 million. Net investment income increased 15.2% year over year to $42.3 million. The Zacks Consensus Estimate was $40.2 million, while our estimate for the metric was pegged at $38.3 million. The investment portfolio's total return was -0.4% in the quarter. Total expenses increased 8% year over year to $38 Show less Read more
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