RLI Corp.: Q4 Earnings Snapshot

PEORIA, Ill. (AP) — PEORIA, Ill. (AP) — RLI Corp. (RLI) on Wednesday reported fourth-quarter net income of $114.6 million.

The Peoria, Illinois-based company said it had net income of $2.49 per share. Earnings, adjusted for investment gains, came to $1.54 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The specialty insurance company posted revenue of $433.5 million in the period. Its adjusted revenue was $378.4 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $386.3 million.

For the year, the company reported profit of $304.6 million, or $6.61 per share. Revenue was reported as $1.41 billion.

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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