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PEORIA, Ill. (AP) _ RLI Corp. (RLI) on Wednesday reported fourth-quarter earnings of $83.8 million.
The Peoria, Illinois-based company said it had net income of $1.84 per share. Earnings, adjusted for investment gains, came to 75 cents per share.
The specialty insurance company posted revenue of $304.5 million in the period. Its adjusted revenue was $241.5 million.
For the year, the company reported profit of $157.1 million, or $3.46 per share. Revenue was reported as $933.6 million.
RLI Corp. shares have fallen slightly more than 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $98.51, an increase of 4% in the last 12 months.