RLI Corp. Q4 Profit Up - Quick Facts

(RTTNews) - RLI Corp. (RLI) Wednesday reported fourth-quarter profit of $33.86 million or $0.77 per share, up from $25.10 million or $0.58 per share in the same period last year.

Operating earnings for the quarter increased to $31.5 million or $0.72 per share from $19.2 million or $0.44 per share last year.

Comprehensive earnings totaled $44.6 million or $1.02 per share, compared to $13.2 million or $0.31 per share last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.54 per share for the quarter. Analysts' estimates typically exclude special items. Revenues increased 8.2 percent to $185.44 million from $171.39 million last year. Analysts' expected revenues of $151.53 million.

Net premiums earned totaled $16.40 million, up 14 percent from $147.76 million last year. Net investment income dropped 7.3 percent to $13.4 million from $14.5 million last year.