PEORIA, Ill. (AP) _ RLI Corp. (RLI) on Wednesday reported fourth-quarter net income of $53.4 million.
The Peoria, Illinois-based company said it had profit of $1.18 per share. Earnings, adjusted for investment gains, were 63 cents per share.
The specialty insurance company posted revenue of $264.8 million in the period. Its adjusted revenue was $233.4 million.
For the year, the company reported profit of $191.6 million, or $4.23 per share. Revenue was reported as $908 million.
RLI Corp. shares have increased 4.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $94.03, a climb of 38% in the last 12 months.