PEORIA, Ill. (AP) — PEORIA, Ill. (AP) — RLI Corp. (RLI) on Monday reported second-quarter earnings of $82 million.
The Peoria, Illinois-based company said it had net income of $1.78 per share. Earnings, adjusted for investment gains, came to $1.72 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The specialty insurance company posted revenue of $416.4 million in the period. Its adjusted revenue was $413 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $402.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RLI at https://www.zacks.com/ap/RLI
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